SHE:301137 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	429.09	546.87	540.49	611.24	141.99
Cash & Short-Term Investments	429.09	546.87	540.49	611.24	141.99
Cash Growth	-21.54%	1.18%	-11.58%	330.47%	-23.86%
Accounts Receivable	712.16	676.67	543.97	532.59	480.2
Other Receivables	2.14	2.52	1.64	2.77	-
Receivables	714.29	679.19	545.61	535.36	480.2
Inventory	406.65	367.75	280.64	282.72	276.15
Prepaid Expenses	-	0.64	0.53	0.37	4.62
Other Current Assets	51.53	58.33	57.63	42.35	95.76
Total Current Assets	1,602	1,653	1,425	1,472	998.73
Property, Plant & Equipment	606.51	563.45	497.58	427.36	362.61
Other Intangible Assets	120.28	122.96	95.81	99.31	108.85
Long-Term Accounts Receivable	-	0.11	0.11	-	-
Long-Term Deferred Tax Assets	19.27	21.15	12.42	9.31	6.3
Long-Term Deferred Charges	0.53	0.13	-	-	0.07
Other Long-Term Assets	63.26	43.8	38.59	26.77	1
Total Assets	2,411	2,404	2,069	2,035	1,478
Accounts Payable	294.68	260.51	242.09	233.3	319.37
Accrued Expenses	29.52	40.41	25.42	27.59	34.53
Short-Term Debt	221.25	327.49	248.5	223.87	260.7
Current Portion of Long-Term Debt	23.95	12.56	-	5.01	-
Current Portion of Leases	-	2.06	1.77	-	2.17
Current Income Taxes Payable	12.92	1.2	1.2	1.76	0.92
Current Unearned Revenue	29.82	21.35	24.4	25.31	26.91
Other Current Liabilities	200.07	160.68	159.43	196.31	164.31
Total Current Liabilities	812.22	826.27	702.81	713.16	808.92
Long-Term Debt	59.4	63	-	-	24.1
Long-Term Leases	0.17	1.66	2.92	-	-
Long-Term Unearned Revenue	64.41	67.65	23.83	25.28	20.99
Long-Term Deferred Tax Liabilities	-	0.5	0.35	0.12	0.27
Other Long-Term Liabilities	2.75	2.75	-	-	-
Total Liabilities	938.95	961.82	729.91	738.55	854.27
Common Stock	181.81	181.81	181.81	181.81	136.36
Additional Paid-In Capital	842.75	842.75	842.64	842.43	246.75
Retained Earnings	345.04	323.87	306.08	264.27	233.67
Comprehensive Income & Other	11.99	10.2	8.96	7.72	6.51
Total Common Equity	1,382	1,359	1,339	1,296	623.29
Minority Interest	90.86	83.94	-	-	-
Shareholders' Equity	1,472	1,443	1,339	1,296	623.29
Total Liabilities & Equity	2,411	2,404	2,069	2,035	1,478
Total Debt	304.78	406.77	253.19	228.89	286.96
Net Cash (Debt)	124.31	140.11	287.3	382.35	-144.97
Net Cash Growth	-11.27%	-51.23%	-24.86%	-	-
Net Cash Per Share	0.70	0.76	1.59	2.24	-1.06
Filing Date Shares Outstanding	169.54	181.81	181.81	181.81	136.36
Total Common Shares Outstanding	169.54	181.81	181.81	181.81	136.36
Working Capital	789.35	826.52	722.09	758.87	189.81
Book Value Per Share	8.15	7.47	7.37	7.13	4.57
Tangible Book Value	1,261	1,236	1,244	1,197	514.44
Tangible Book Value Per Share	7.44	6.80	6.84	6.58	3.77
Buildings	-	269.08	223.05	167.86	144.75
Machinery	-	473.57	361.12	321.49	294.63
Construction In Progress	-	86.84	91.92	99.36	83.83

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