SHE:301011 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	242.23	168.71	159.11	78.21	124.72
Trading Asset Securities	0.87	-	-	-	-
Cash & Short-Term Investments	243.1	168.71	159.11	78.21	124.72
Cash Growth	44.09%	6.03%	103.45%	-37.29%	172.28%
Accounts Receivable	295.51	293.85	256.21	280.02	276.85
Other Receivables	14.27	16.54	11.79	22.34	22.76
Receivables	309.78	310.4	268	302.35	299.6
Inventory	323.12	267.32	265.46	269.43	243.87
Other Current Assets	64.52	42.14	34.99	43.19	26.77
Total Current Assets	940.51	788.57	727.56	693.17	694.96
Property, Plant & Equipment	448.22	395.5	328.94	336.95	355.13
Long-Term Investments	0.82	1.07	-	-	2.85
Goodwill	13.7	15.54	-	-	45.78
Other Intangible Assets	63.84	29.75	31.79	33.69	31.04
Long-Term Deferred Tax Assets	34.99	30.81	25.87	32.75	29.94
Long-Term Deferred Charges	36.45	27.55	32.08	43.7	38.94
Other Long-Term Assets	14.7	17.72	12.85	13.1	14.61
Total Assets	1,553	1,307	1,159	1,153	1,213
Accounts Payable	191.51	189.91	187.12	194.8	219
Accrued Expenses	14.18	26.18	20.93	14.39	12.14
Short-Term Debt	90.67	40.03	30.03	95.36	19.34
Current Portion of Long-Term Debt	27.79	-	38.78	23.4	20.48
Current Portion of Leases	-	23.74	18.58	27.35	29.09
Current Income Taxes Payable	13.34	7.71	4.04	-	6.94
Current Unearned Revenue	27.51	57.29	38.42	23.19	21.17
Other Current Liabilities	138.62	116.74	69.03	43.36	32.37
Total Current Liabilities	503.64	461.59	406.93	421.86	360.54
Long-Term Debt	-	-	6.55	40.77	54.08
Long-Term Leases	90.99	95.69	54.99	53.15	75.96
Total Liabilities	594.63	557.28	468.47	515.78	490.57
Common Stock	154.18	146.69	146.69	112.84	86.8
Additional Paid-In Capital	507.06	342.91	340.79	374.64	400.68
Retained Earnings	297.3	257.59	202.28	150.32	238.89
Comprehensive Income & Other	-0.25	2.04	0.86	-0.22	-3.7
Total Common Equity	958.29	749.23	690.61	637.58	722.67
Minority Interest	0.32	-	-	-	-
Shareholders' Equity	958.61	749.23	690.61	637.58	722.67
Total Liabilities & Equity	1,553	1,307	1,159	1,153	1,213
Total Debt	209.45	159.46	148.93	240.04	198.95
Net Cash (Debt)	33.64	9.25	10.18	-161.84	-74.24
Net Cash Growth	263.80%	-9.13%	-	-	-
Net Cash Per Share	0.23	0.06	0.07	-1.11	-0.58
Filing Date Shares Outstanding	151.43	146.69	146.69	146.69	146.69
Total Common Shares Outstanding	151.43	146.69	146.69	146.69	146.69
Working Capital	436.87	326.97	320.63	271.32	334.42
Book Value Per Share	6.33	5.11	4.71	4.35	4.93
Tangible Book Value	880.75	703.94	658.83	603.89	645.85
Tangible Book Value Per Share	5.82	4.80	4.49	4.12	4.40
Buildings	-	145.09	145.09	145.09	145.09
Machinery	-	370.94	362.37	331.1	286.81
Construction In Progress	-	15.04	-	0.65	0.62

Source: S&P Global Market Intelligence. Standard template. Financial Sources.