SHE:301086 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	Dec '21 Dec 31, 2021
Cash & Equivalents	552.51	235.53	289.74	615.36	548.77
Trading Asset Securities	481.11	496.75	517.62	403.51	715.75
Cash & Short-Term Investments	1,034	732.28	807.35	1,019	1,265
Cash Growth	41.15%	-9.30%	-20.76%	-19.43%	1477.46%
Accounts Receivable	353.94	376.96	425.8	439.58	274.2
Other Receivables	29.8	29.98	4.97	4.98	2.67
Receivables	383.74	406.94	430.77	444.55	276.87
Inventory	153.7	119.68	76.59	105.31	82.24
Prepaid Expenses	-	-	-	-	0.17
Other Current Assets	223.4	159.39	35.69	16.69	19.93
Total Current Assets	1,794	1,418	1,350	1,585	1,644
Property, Plant & Equipment	1,343	1,057	944.91	616.14	348.74
Long-Term Investments	92.59	46.79	41.1	10.72	-
Goodwill	25.67	25.67	25.67	25.67	25.67
Other Intangible Assets	70.52	72.32	72.89	76.25	79.41
Long-Term Accounts Receivable	-	1.68	2.39	-	-
Long-Term Deferred Tax Assets	35.97	27.11	24.93	19.09	12.03
Long-Term Deferred Charges	10.04	5.03	1.41	1.6	3.96
Other Long-Term Assets	520.96	15.88	5.84	16.86	13.35
Total Assets	3,893	2,670	2,470	2,352	2,127
Accounts Payable	583.24	378.79	228.22	304.8	163.22
Accrued Expenses	31.33	45.41	33.33	53.14	35.43
Short-Term Debt	221.22	115.9	94.07	30	101.36
Current Portion of Long-Term Debt	52.92	15.67	9.58	-	-
Current Portion of Leases	-	3.2	3.63	3.66	11.27
Current Income Taxes Payable	26.8	12.08	14.02	21.74	16.1
Current Unearned Revenue	35.74	19.41	8.19	13.04	2.54
Other Current Liabilities	97.86	2.45	3.26	1.05	2.93
Total Current Liabilities	1,049	592.9	394.3	427.43	332.85
Long-Term Debt	857.05	114.83	141.26	24.72	-
Long-Term Leases	6.78	5.16	3.58	2.91	5.77
Long-Term Unearned Revenue	25.64	7.39	9.56	9.92	6.95
Long-Term Deferred Tax Liabilities	0.02	0.02	-	-	0.26
Other Long-Term Liabilities	-	-	-	0.77	0.68
Total Liabilities	1,939	720.3	548.71	465.76	346.5
Common Stock	90	90	90	60	60
Additional Paid-In Capital	1,373	1,373	1,374	1,400	1,394
Retained Earnings	508.73	479.27	450.55	422.69	324.34
Treasury Stock	-20.01	-	-	-	-
Total Common Equity	1,952	1,942	1,914	1,882	1,779
Minority Interest	2.34	7.8	6.4	3.57	1.81
Shareholders' Equity	1,954	1,950	1,921	1,886	1,780
Total Liabilities & Equity	3,893	2,670	2,470	2,352	2,127
Total Debt	1,138	254.75	252.13	61.29	118.4
Net Cash (Debt)	-104.36	477.53	555.22	957.58	1,146
Net Cash Growth	-	-13.99%	-42.02%	-16.45%	-
Net Cash Per Share	-1.16	5.31	17.78	10.64	16.09
Filing Date Shares Outstanding	89.97	90	90	90	90
Total Common Shares Outstanding	89.97	90	90	90	90
Working Capital	745.33	825.39	956.1	1,158	1,311
Book Value Per Share	21.69	21.58	21.27	20.92	19.76
Tangible Book Value	1,856	1,844	1,816	1,781	1,674
Tangible Book Value Per Share	20.63	20.49	20.18	19.78	18.59
Buildings	-	697.42	252.47	100.21	75.11
Machinery	-	248.53	220.3	174.49	141.1
Construction In Progress	-	252.78	570.66	405.07	154.14

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