SHE:301149 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	1,137	617.9	442.03	398.84	816.38
Short-Term Investments	-	159.55	31.1	-	-
Trading Asset Securities	131.34	146.16	327.84	278.89	71.24
Cash & Short-Term Investments	1,269	923.62	800.97	677.73	887.62
Cash Growth	37.34%	15.31%	18.18%	-23.65%	271.33%
Accounts Receivable	263.38	241.28	261.02	128.08	118.77
Other Receivables	1.68	73.15	21.63	62.46	6.46
Receivables	265.06	314.44	282.65	190.54	125.23
Inventory	369.68	357.29	251.63	195.42	247.1
Prepaid Expenses	-	-	-	0.3	-
Other Current Assets	262.28	85.72	62.77	12.79	21.28
Total Current Assets	2,166	1,681	1,398	1,077	1,281
Property, Plant & Equipment	1,478	1,233	824.88	441.74	368.34
Long-Term Investments	10.86	62.14	146.57	131.93	30.04
Other Intangible Assets	199.91	204.43	206.39	78.51	42.67
Long-Term Deferred Tax Assets	21.97	11.13	6.42	3.31	2.84
Other Long-Term Assets	46.29	40.87	63.02	170.02	14.99
Total Assets	3,923	3,232	2,645	1,902	1,740
Accounts Payable	734.57	242.4	131.64	81.86	77.8
Accrued Expenses	9.93	10.54	9.96	5.88	5.74
Short-Term Debt	30	-	136.27	-	-
Current Portion of Long-Term Debt	227.95	318.36	3.11	-	-
Current Portion of Leases	-	1.03	0.61	0.64	0.57
Current Income Taxes Payable	13.31	3.21	14.65	8.4	8.34
Current Unearned Revenue	174.7	185.39	161.11	138.53	89.7
Other Current Liabilities	77.8	61.91	72.29	32.82	18.75
Total Current Liabilities	1,268	822.84	529.64	268.13	200.91
Long-Term Debt	263.46	490.19	271.3	-	-
Long-Term Leases	-	0.34	0.63	-	0.71
Long-Term Unearned Revenue	12.14	-	-	-	-
Long-Term Deferred Tax Liabilities	-	-	-	-	0.19
Total Liabilities	1,544	1,313	801.57	268.13	201.8
Common Stock	430	430	430	430	430
Additional Paid-In Capital	584.92	574.44	574.44	574.44	574.44
Retained Earnings	1,001	875.92	799.14	594.11	510.12
Comprehensive Income & Other	46.4	38.54	40.14	35.6	23.75
Total Common Equity	2,062	1,919	1,844	1,634	1,538
Minority Interest	316.7	-	-	-	-
Shareholders' Equity	2,379	1,919	1,844	1,634	1,538
Total Liabilities & Equity	3,923	3,232	2,645	1,902	1,740
Total Debt	521.4	809.92	411.92	0.64	1.28
Net Cash (Debt)	747.13	113.7	389.05	677.1	886.34
Net Cash Growth	557.11%	-70.78%	-42.54%	-23.61%	270.79%
Net Cash Per Share	1.73	0.27	0.91	1.60	2.42
Filing Date Shares Outstanding	437.76	430	430	430	430
Total Common Shares Outstanding	437.76	430	430	430	430
Working Capital	897.3	858.22	868.38	808.65	1,080
Book Value Per Share	4.71	4.46	4.29	3.80	3.58
Tangible Book Value	1,862	1,714	1,637	1,556	1,496
Tangible Book Value Per Share	4.25	3.99	3.81	3.62	3.48
Buildings	-	275.28	129.92	110.83	114.49
Machinery	-	988.46	493.22	483.67	341.1
Construction In Progress	-	233.96	425	78.48	104.61

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