SHE:301075 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	85.28	262.13	405.27	425.76	610.93
Trading Asset Securities	20.04	141.68	77.57	80	-
Cash & Short-Term Investments	105.32	403.81	482.84	505.76	610.93
Cash Growth	-73.92%	-16.37%	-4.53%	-17.21%	484.67%
Accounts Receivable	87.89	107.94	85.51	92.3	100.33
Other Receivables	17.09	19.55	11.2	7.88	2.28
Receivables	104.98	127.49	96.7	100.18	102.6
Inventory	83.54	45.85	33.13	32.77	9.82
Prepaid Expenses	-	0	0.05	0.06	0.06
Other Current Assets	35.23	53.61	36.23	8.66	5.64
Total Current Assets	329.06	630.75	648.95	647.43	729.05
Property, Plant & Equipment	694.53	652.8	209.8	110.68	103.41
Long-Term Investments	110.99	108.18	155.36	112.62	-
Goodwill	18.7	19.22	3.69	-	-
Other Intangible Assets	76.64	78.48	34.19	21.24	16.85
Long-Term Deferred Tax Assets	3.49	3.09	1.25	0.78	0.65
Long-Term Deferred Charges	2.01	2.84	2.7	0.33	1.46
Other Long-Term Assets	47.8	39.64	16.33	5.8	-
Total Assets	1,283	1,535	1,072	898.87	851.42
Accounts Payable	77.29	58.14	26.77	12.13	23.01
Accrued Expenses	7.25	9	8.58	13.09	10.46
Short-Term Debt	67.76	275.54	50.13	100.06	20
Current Portion of Long-Term Debt	110.36	115.21	11.01	-	-
Current Portion of Leases	-	3.03	0.6	0.29	0.48
Current Income Taxes Payable	0.39	1.26	2.41	1.35	2.87
Current Unearned Revenue	7.55	2.78	5.08	4.16	3.72
Other Current Liabilities	171.55	44.41	24.6	13.49	2.25
Total Current Liabilities	442.14	509.37	129.18	144.57	62.79
Long-Term Debt	88.5	137.5	118.08	-	-
Long-Term Leases	3.73	7.21	0.31	0.88	-
Long-Term Unearned Revenue	105.02	106.9	2.12	-	-
Long-Term Deferred Tax Liabilities	20.29	20.54	0.9	-	-
Total Liabilities	659.67	781.52	250.59	145.45	62.79
Common Stock	80	80	80	80	80
Additional Paid-In Capital	506.89	506.94	509.22	509.5	520.5
Retained Earnings	7.47	109.64	182.17	163.32	192.42
Treasury Stock	-20.99	-20.99	-	-	-
Comprehensive Income & Other	1.14	1.14	0.68	-1.3	-
Total Common Equity	574.51	676.73	772.06	751.53	792.92
Minority Interest	49.03	76.74	49.61	1.89	-4.28
Shareholders' Equity	623.54	753.47	821.68	753.41	788.63
Total Liabilities & Equity	1,283	1,535	1,072	898.87	851.42
Total Debt	270.35	538.5	180.12	101.24	20.48
Net Cash (Debt)	-165.03	-134.69	302.72	404.53	590.45
Net Cash Growth	-	-	-25.17%	-31.49%	750.31%
Net Cash Per Share	-2.08	-1.70	3.85	5.13	9.05
Filing Date Shares Outstanding	79.14	78.96	80	80	80
Total Common Shares Outstanding	79.14	78.96	80	80	80
Working Capital	-113.07	121.38	519.77	502.85	666.26
Book Value Per Share	7.26	8.57	9.65	9.39	9.91
Tangible Book Value	479.17	579.04	734.19	730.29	776.06
Tangible Book Value Per Share	6.05	7.33	9.18	9.13	9.70
Buildings	-	506.96	167.55	117.46	103.71
Machinery	-	251.45	126.2	63.47	60.37
Construction In Progress	-	5.67	9.08	3.94	0.36

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