SHE:301007 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	157.19	174.92	109.07	111.88	63.83
Cash & Short-Term Investments	157.19	174.92	109.07	111.88	63.83
Cash Growth	-10.14%	60.37%	-2.51%	75.28%	72.05%
Accounts Receivable	184.35	194.81	213.25	180.48	132.63
Other Receivables	0.5	0.08	1.39	2.55	0.33
Receivables	184.85	194.89	214.63	183.04	132.96
Inventory	131.3	121.38	121.36	108.49	112.39
Other Current Assets	8.76	6.59	6.44	5.95	11.78
Total Current Assets	482.09	497.78	451.51	409.37	320.96
Property, Plant & Equipment	447.78	465.74	471.07	442.8	419.44
Long-Term Investments	12.5	-	-	-	-
Goodwill	50.77	50.77	50.77	50.77	50.77
Other Intangible Assets	18.19	18.4	14.5	15	15.5
Long-Term Accounts Receivable	-	0.47	-	-	-
Long-Term Deferred Tax Assets	0.2	0.21	0.18	7.18	6.72
Long-Term Deferred Charges	0.91	1.12	5.07	4.98	2.42
Other Long-Term Assets	11.05	7.59	2.34	2.51	3.26
Total Assets	1,023	1,042	995.45	932.62	819.07
Accounts Payable	189.64	200.47	214.73	182.92	105.44
Accrued Expenses	4.64	11.88	9.64	10.61	6.96
Short-Term Debt	125.08	120.34	83.54	81	91
Current Portion of Long-Term Debt	1.15	-	-	-	-
Current Portion of Leases	-	1.1	-	-	-
Current Income Taxes Payable	2.94	0	-	0.01	0.06
Current Unearned Revenue	0.07	0.19	0.05	0.26	0.48
Other Current Liabilities	7.46	3.67	6.2	2.36	1.69
Total Current Liabilities	330.99	337.65	314.16	277.17	205.64
Long-Term Leases	1.55	2.43	-	-	-
Long-Term Unearned Revenue	24.66	16.08	18.51	20.49	13.87
Long-Term Deferred Tax Liabilities	17.02	15.24	10.81	13.35	9.53
Total Liabilities	374.23	371.4	343.49	311	229.04
Common Stock	153.34	153.34	153.34	153.34	153.34
Additional Paid-In Capital	195.87	195.87	195.87	195.87	195.87
Retained Earnings	350.15	321.47	302.76	272.41	240.82
Treasury Stock	-50.1	-	-	-	-
Shareholders' Equity	649.26	670.68	651.96	621.62	590.03
Total Liabilities & Equity	1,023	1,042	995.45	932.62	819.07
Total Debt	127.79	123.86	83.54	81	91
Net Cash (Debt)	29.4	51.06	25.53	30.88	-27.17
Net Cash Growth	-42.41%	99.96%	-17.32%	-	-
Net Cash Per Share	0.19	0.33	0.17	0.20	-0.20
Filing Date Shares Outstanding	148.22	153.34	153.34	153.34	153.34
Total Common Shares Outstanding	148.22	153.34	153.34	153.34	153.34
Working Capital	151.1	160.13	137.35	132.2	115.32
Book Value Per Share	4.38	4.37	4.25	4.05	3.85
Tangible Book Value	580.3	601.5	586.69	555.84	523.76
Tangible Book Value Per Share	3.92	3.92	3.83	3.62	3.42
Buildings	-	202.36	199.96	193.66	189.25
Machinery	-	657.63	631.74	551.61	486.72
Construction In Progress	-	9.63	16.01	29.45	8.27

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.