SHE:301053 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	267.31	380.2	176.28	264.52	297.02
Trading Asset Securities	24.95	-	-	-	-
Cash & Short-Term Investments	292.26	380.2	176.28	264.52	297.02
Cash Growth	-23.13%	115.68%	-33.36%	-10.94%	108.27%
Accounts Receivable	264.52	204.38	182.13	173.37	119.14
Other Receivables	2.58	6.33	5.52	3.19	3.02
Receivables	267.1	210.71	187.65	176.56	122.15
Inventory	237.61	248.64	206.73	159.21	263.49
Other Current Assets	28.74	18.92	13.38	5.8	7.47
Total Current Assets	825.71	858.47	584.04	606.08	690.12
Property, Plant & Equipment	492.89	432.03	374.97	256.71	250.1
Long-Term Investments	0.48	0.48	0.48	0.48	-
Other Intangible Assets	66.19	65.88	67.5	34.41	35.17
Long-Term Deferred Tax Assets	9.12	0.85	6.81	5.11	3.95
Long-Term Deferred Charges	0.59	0.92	1.32	0.5	0.74
Other Long-Term Assets	5.25	8.38	7.88	3.28	2.99
Total Assets	1,400	1,367	1,043	906.57	983.07
Accounts Payable	222.5	190.07	246.63	208.87	223.04
Accrued Expenses	25.12	29.88	27.65	21.67	23.31
Short-Term Debt	17.51	20.38	21.85	5.42	-
Current Portion of Long-Term Debt	0.77	-	-	-	-
Current Portion of Leases	-	1.22	0.71	1.24	0.89
Current Income Taxes Payable	10.66	6.31	1.47	1.79	4.14
Current Unearned Revenue	150.87	130.18	72.9	60.69	162.88
Other Current Liabilities	28.3	41.68	9.95	9.53	27.6
Total Current Liabilities	455.73	419.72	381.16	309.2	441.86
Long-Term Debt	190.17	219.56	25.73	-	-
Long-Term Leases	1.11	1.66	2.32	3.52	3.42
Long-Term Unearned Revenue	8.26	7.9	6.03	7.35	8.67
Other Long-Term Liabilities	11.65	15.14	23.96	0.35	-
Total Liabilities	666.92	663.98	439.19	320.42	453.95
Common Stock	84.22	81.75	81.75	81.75	81.75
Additional Paid-In Capital	234.92	176.5	176.86	176.13	176.13
Retained Earnings	363.45	371.33	329.51	319.38	269.67
Comprehensive Income & Other	46.33	57.88	0.13	-0	-0.11
Total Common Equity	728.91	687.47	588.25	577.25	527.43
Minority Interest	4.4	15.58	15.54	8.9	1.69
Shareholders' Equity	733.32	703.04	603.79	586.16	529.13
Total Liabilities & Equity	1,400	1,367	1,043	906.57	983.07
Total Debt	209.56	242.82	50.6	10.17	4.31
Net Cash (Debt)	82.7	137.38	125.68	254.34	292.7
Net Cash Growth	-39.80%	9.32%	-50.59%	-13.11%	122.28%
Net Cash Per Share	1.00	1.68	1.51	3.11	4.29
Filing Date Shares Outstanding	87.21	81.75	81.75	81.75	81.75
Total Common Shares Outstanding	87.21	81.75	81.75	81.75	81.75
Working Capital	369.98	438.75	202.88	296.89	248.27
Book Value Per Share	8.36	8.41	7.20	7.06	6.45
Tangible Book Value	662.72	621.58	520.76	542.84	492.27
Tangible Book Value Per Share	7.60	7.60	6.37	6.64	6.02
Buildings	-	240.51	161.73	150.71	150.33
Machinery	-	194.22	182.59	134.09	129.89
Construction In Progress	-	145.83	156.21	74.01	53.4

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