SHE:301178 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	307.38	334.62	506.72	595.49	653.7
Trading Asset Securities	-	-	20.02	-	-
Cash & Short-Term Investments	307.38	334.62	526.73	595.49	653.7
Cash Growth	-8.14%	-36.47%	-11.55%	-8.91%	256.67%
Accounts Receivable	290.77	306.47	335.13	306.81	227.51
Other Receivables	7.47	3.82	5.48	6.43	0.83
Receivables	298.24	310.29	340.61	313.24	228.33
Inventory	89.76	81.22	37.31	40.15	55.24
Prepaid Expenses	-	2.17	-	-	0
Other Current Assets	112.09	68.75	16.72	29.72	20.86
Total Current Assets	807.47	797.05	921.38	978.6	958.14
Property, Plant & Equipment	528.08	484.36	77.76	9.57	13.99
Long-Term Investments	4.08	4.08	4.08	5	5
Goodwill	1.88	1.88	4.49	2.68	2.68
Other Intangible Assets	0.25	0.17	1.16	2.1	3.27
Long-Term Accounts Receivable	-	11.51	2.8	3.82	11.96
Long-Term Deferred Tax Assets	44.83	31.82	20.21	13.8	11.47
Long-Term Deferred Charges	4.46	2.89	0.56	0.84	1.7
Other Long-Term Assets	54.73	-	11.89	-	-
Total Assets	1,446	1,334	1,044	1,016	1,008
Accounts Payable	104.49	310.7	90.92	63.98	77.87
Accrued Expenses	10.93	61.2	49.88	43.53	46.8
Short-Term Debt	75.39	46.22	10.92	2	-
Current Portion of Long-Term Debt	67.98	4.48	-	-	-
Current Portion of Leases	-	2.73	3.43	2.31	4
Current Income Taxes Payable	50.64	0.07	2.56	4.73	6.57
Current Unearned Revenue	42.61	48.56	9.78	29.97	39.5
Other Current Liabilities	24.45	29.17	30.66	18.9	1.17
Total Current Liabilities	376.47	503.14	198.15	165.44	175.9
Long-Term Debt	213.52	51.24	-	-	-
Long-Term Leases	11	5.79	3.01	3.77	5.54
Long-Term Deferred Tax Liabilities	16.23	7.18	6.89	7.97	8.3
Other Long-Term Liabilities	39.04	-	-	-	-
Total Liabilities	656.27	567.35	208.05	177.18	189.74
Common Stock	66.85	67.11	67.24	65.96	47.11
Additional Paid-In Capital	605.85	598.3	590.69	572.22	591.06
Retained Earnings	153.7	146.19	202.35	201.24	180.52
Treasury Stock	-48.69	-52.74	-27.88	-	-
Comprehensive Income & Other	-0.7	-0.6	-0.67	0.13	0.09
Total Common Equity	777.01	758.25	831.73	839.55	818.79
Minority Interest	12.49	8.17	4.55	-0.32	-0.32
Shareholders' Equity	789.5	766.42	836.28	839.23	818.47
Total Liabilities & Equity	1,446	1,334	1,044	1,016	1,008
Total Debt	367.88	110.47	17.36	8.08	9.54
Net Cash (Debt)	-60.5	224.16	509.37	587.41	644.16
Net Cash Growth	-	-55.99%	-13.29%	-8.81%	261.34%
Net Cash Per Share	-0.89	3.35	7.97	8.91	12.62
Filing Date Shares Outstanding	70.91	66.1	66.76	65.96	65.96
Total Common Shares Outstanding	70.91	66.1	66.76	65.96	65.96
Working Capital	431	293.91	723.23	813.16	782.24
Book Value Per Share	10.96	11.47	12.46	12.73	12.41
Tangible Book Value	774.89	756.21	826.08	834.77	812.84
Tangible Book Value Per Share	10.93	11.44	12.37	12.66	12.32
Buildings	-	80.82	69.92	2.24	2.24
Machinery	-	52.75	9.03	8.38	8.27
Construction In Progress	-	350.74	-	-	-

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