SHE:301200 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Cash & Equivalents	1,818	1,540	1,919	2,987	220.52
Cash & Short-Term Investments	1,818	1,540	1,919	2,987	220.52
Cash Growth	18.04%	-19.75%	-35.76%	1254.72%	-60.23%
Accounts Receivable	4,333	2,871	1,775	2,287	2,478
Other Receivables	56.45	17.2	19.29	0.44	43.71
Receivables	4,389	2,888	1,795	2,287	2,522
Inventory	1,893	898.18	972.12	903.92	1,213
Prepaid Expenses	-	-	-	-	3.92
Other Current Assets	141.02	42.62	20.5	20.22	27.29
Total Current Assets	8,241	5,369	4,706	6,199	3,986
Property, Plant & Equipment	813.18	703.26	460.43	255.99	183.17
Long-Term Investments	54.49	51.31	42.31	39.89	99.46
Goodwill	12.92	74.32	153.96	12.92	12.92
Other Intangible Assets	446.44	455.37	466.74	475.8	420.22
Long-Term Accounts Receivable	418.22	-	-	-	-
Long-Term Deferred Tax Assets	164.98	49.97	67.09	58.11	50.84
Long-Term Deferred Charges	13.28	35.52	58.11	75.88	86.29
Other Long-Term Assets	450.36	447.55	24.04	34.35	5.69
Total Assets	10,615	7,186	5,979	7,152	4,845
Accounts Payable	2,810	1,376	649.9	722.51	904.35
Accrued Expenses	427.58	202.27	228.43	346.65	318.16
Short-Term Debt	473.73	0.54	75.74	17.17	641.37
Current Portion of Long-Term Debt	31.33	1.89	-	-	-
Current Portion of Leases	16.79	34.72	35.5	45.06	34.37
Current Income Taxes Payable	102.36	9.25	5.72	37.36	96.11
Current Unearned Revenue	198.42	54.9	65.75	25.96	61.57
Other Current Liabilities	239.01	117.46	162.83	105.64	245.98
Total Current Liabilities	4,299	1,797	1,224	1,300	2,302
Long-Term Debt	179.95	211.05	-	-	-
Long-Term Leases	11.04	12.8	45.01	83.41	98.26
Long-Term Unearned Revenue	1.05	1.77	2.28	3.45	4.46
Long-Term Deferred Tax Liabilities	4.55	5.06	5.06	3.79	11.11
Other Long-Term Liabilities	34.27	22.41	14.35	30.09	35.56
Total Liabilities	4,530	2,050	1,291	1,421	2,451
Common Stock	425.51	420	420	420	378
Additional Paid-In Capital	4,511	4,229	4,081	4,070	1,041
Retained Earnings	1,133	476.91	175.73	1,237	970.5
Comprehensive Income & Other	0.69	1.15	0.75	0.52	-0.89
Total Common Equity	6,071	5,127	4,677	5,728	2,388
Minority Interest	14.05	9.45	11.05	2.85	5.53
Shareholders' Equity	6,085	5,136	4,689	5,731	2,394
Total Liabilities & Equity	10,615	7,186	5,979	7,152	4,845
Total Debt	712.85	260.99	156.25	145.64	774
Net Cash (Debt)	1,105	1,279	1,763	2,842	-553.49
Net Cash Growth	-13.60%	-27.44%	-37.96%	-	-
Net Cash Per Share	2.55	3.02	4.16	6.86	-1.47
Filing Date Shares Outstanding	425.51	420	420	420	378
Total Common Shares Outstanding	425.51	420	420	420	378
Working Capital	3,942	3,572	3,483	4,899	1,685
Book Value Per Share	14.27	12.21	11.14	13.64	6.32
Tangible Book Value	5,611	4,597	4,057	5,239	1,955
Tangible Book Value Per Share	13.19	10.95	9.66	12.47	5.17
Buildings	575.27	-	-	-	-
Machinery	241.51	186.55	143.24	133.55	101.32
Construction In Progress	24.22	556.64	314.08	58.9	0.83

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