SHE:301049 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	16.5	29.48	67.74	145.73	401.63
Cash & Short-Term Investments	16.5	29.48	67.74	145.73	401.63
Cash Growth	-44.01%	-56.48%	-53.52%	-63.71%	526.71%
Accounts Receivable	146.54	190.9	194.74	176.89	183.73
Other Receivables	5.44	6.17	4.85	7.65	2.15
Receivables	151.98	197.07	199.59	184.54	185.88
Inventory	15.64	13.64	21.97	9.36	9.75
Other Current Assets	36.67	44	32.69	47.53	28.06
Total Current Assets	220.79	284.19	321.99	387.17	625.31
Property, Plant & Equipment	742.56	772.15	715.9	630.4	392.19
Other Intangible Assets	124.18	127.02	101.19	103.23	31.66
Long-Term Deferred Tax Assets	-	1.26	1.46	8.36	2.55
Long-Term Deferred Charges	4.04	3.96	5.6	3.22	1.2
Other Long-Term Assets	88.23	69.6	101.89	51.43	49.87
Total Assets	1,180	1,258	1,248	1,184	1,103
Accounts Payable	220.86	161.65	131.06	126	76.08
Accrued Expenses	20.31	13.47	13.51	7.64	6.28
Short-Term Debt	101.51	89.16	69.72	30.03	10.01
Current Portion of Long-Term Debt	32.17	28.31	23.27	6.08	8
Current Portion of Leases	-	-	0.45	8.4	16.01
Current Income Taxes Payable	3.62	1.29	1.29	1.29	5.54
Current Unearned Revenue	23.26	21.06	18.55	7.66	12.91
Other Current Liabilities	55.32	29.65	6.36	6.55	8.43
Total Current Liabilities	457.05	344.6	264.22	193.64	143.25
Long-Term Debt	24.47	72.99	92	19.2	22.04
Long-Term Leases	-	-	0.47	-	8.39
Long-Term Unearned Revenue	55.97	58.76	41.84	23.34	4.02
Long-Term Deferred Tax Liabilities	-	-	0.2	-	-
Other Long-Term Liabilities	85.51	82.33	79.37	76.48	10.25
Total Liabilities	623	558.69	478.11	312.67	187.95
Common Stock	94.25	94.25	94.25	94.25	94.25
Additional Paid-In Capital	543.24	543.24	543.24	543.24	543.24
Retained Earnings	-107.67	33.51	102.85	222.66	267.85
Comprehensive Income & Other	14.74	13.06	12.15	10.98	9.49
Total Common Equity	544.57	684.07	752.5	871.14	914.84
Minority Interest	12.23	15.42	17.43	-	-
Shareholders' Equity	556.8	699.49	769.93	871.14	914.84
Total Liabilities & Equity	1,180	1,258	1,248	1,184	1,103
Total Debt	158.15	190.47	185.93	63.71	64.45
Net Cash (Debt)	-141.64	-160.99	-118.19	82.03	337.17
Net Cash Growth	-	-	-	-75.67%	-
Net Cash Per Share	-1.50	-1.72	-1.25	0.87	4.29
Filing Date Shares Outstanding	93.74	94.25	94.25	94.25	94.25
Total Common Shares Outstanding	93.74	94.25	94.25	94.25	94.25
Working Capital	-236.26	-60.4	57.77	193.52	482.06
Book Value Per Share	5.81	7.26	7.98	9.24	9.71
Tangible Book Value	420.39	557.05	651.31	767.91	883.18
Tangible Book Value Per Share	4.48	5.91	6.91	8.15	9.37
Buildings	-	516.52	484.73	344.12	161.45
Machinery	-	283.09	274.7	260.59	153.89
Construction In Progress	-	181.35	110.02	127.03	156.05

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