SHE:301128 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	298.41	321.34	106.82	379.64	573.42
Short-Term Investments	-	-	-	-	17
Trading Asset Securities	51.25	40.59	307.7	127.85	-
Cash & Short-Term Investments	349.66	361.94	414.52	507.49	590.42
Cash Growth	-3.39%	-12.69%	-18.32%	-14.04%	503.63%
Accounts Receivable	676.79	509.87	347.47	172.26	160.78
Other Receivables	10.9	7.71	6.34	4.89	2.5
Receivables	687.69	517.58	353.81	177.15	163.27
Inventory	371.36	332.36	122.34	76.23	47.03
Other Current Assets	33.48	42.82	2.91	3.99	4.61
Total Current Assets	1,442	1,255	893.58	764.87	805.33
Property, Plant & Equipment	299.72	246.25	213.95	192.72	94.03
Long-Term Investments	81.06	-	5	-	-
Goodwill	163.55	29.78	29.78	6.7	-
Other Intangible Assets	29.96	11.79	12.79	3.83	3.1
Long-Term Deferred Tax Assets	27.3	25.36	23.92	16.95	6.11
Long-Term Deferred Charges	14.58	9.99	4.66	1.75	2.23
Other Long-Term Assets	54.29	7.33	4.66	5.99	2.51
Total Assets	2,113	1,585	1,188	992.81	913.3
Accounts Payable	381.92	356.74	141.83	53.42	39.07
Accrued Expenses	60.9	45.82	40.04	21.22	15.18
Short-Term Debt	199.96	59.73	7.5	-	-
Current Portion of Long-Term Debt	46.99	-	-	-	-
Current Portion of Leases	-	28.77	19.45	12.89	8.77
Current Income Taxes Payable	15.69	8.59	2.44	2.82	1.39
Current Unearned Revenue	97.31	76.68	15.81	3.08	1.61
Other Current Liabilities	39.54	8.68	12	1.26	12.52
Total Current Liabilities	842.31	585.01	239.07	94.69	78.53
Long-Term Debt	153.9	-	-	-	-
Long-Term Leases	42.68	40	41.57	42.37	-
Long-Term Unearned Revenue	18.57	14.34	14.72	16.25	6.48
Long-Term Deferred Tax Liabilities	16.27	16.6	18.14	15.57	8.35
Total Liabilities	1,074	655.94	313.5	168.89	93.36
Common Stock	103.44	73.89	73.89	73.89	73.89
Additional Paid-In Capital	467.06	549.03	563.19	563.19	563.19
Retained Earnings	346.35	249.03	203.21	184.41	182.87
Total Common Equity	916.86	871.95	840.28	821.48	819.95
Minority Interest	122.05	57.29	34.56	2.44	-
Shareholders' Equity	1,039	929.25	874.84	823.92	819.95
Total Liabilities & Equity	2,113	1,585	1,188	992.81	913.3
Total Debt	443.53	128.5	68.51	55.27	8.77
Net Cash (Debt)	-93.88	233.44	346.01	452.23	581.65
Net Cash Growth	-	-32.53%	-23.49%	-22.25%	494.66%
Net Cash Per Share	-0.91	2.26	3.34	4.37	7.30
Filing Date Shares Outstanding	103.44	103.44	103.44	103.44	103.44
Total Common Shares Outstanding	103.44	103.44	103.44	103.44	103.44
Working Capital	599.87	669.68	654.51	670.18	726.79
Book Value Per Share	8.86	8.43	8.12	7.94	7.93
Tangible Book Value	723.35	830.39	797.72	810.94	816.84
Tangible Book Value Per Share	6.99	8.03	7.71	7.84	7.90
Machinery	-	260.69	217.35	173.82	109.17
Construction In Progress	-	-	-	0.98	-

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