SHE:301237 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	109.44	56.17	231.84	783.83	53.9
Trading Asset Securities	-	151.44	231.33	-	-
Cash & Short-Term Investments	109.44	207.61	463.17	783.83	53.9
Cash Growth	-47.28%	-55.18%	-40.91%	1354.14%	25.97%
Accounts Receivable	144.91	161.35	88	93.74	116.16
Other Receivables	5.7	0.77	1.08	1.79	0.07
Receivables	150.61	162.12	89.09	95.53	116.22
Inventory	198.73	194.38	186.05	145.34	90.27
Other Current Assets	78.02	14.54	14.33	5.21	21.45
Total Current Assets	536.81	578.65	752.64	1,030	281.84
Property, Plant & Equipment	1,141	794.45	799.19	438.21	278.63
Long-Term Investments	2.98	3.01	-	-	-
Other Intangible Assets	101.4	105.55	59.82	57.05	58.31
Long-Term Deferred Tax Assets	7.24	12.5	1.65	0.33	3.77
Other Long-Term Assets	1.4	93.69	1.21	85.76	39.47
Total Assets	1,791	1,588	1,615	1,611	662.01
Accounts Payable	151.29	62.01	79.87	34.44	39.17
Accrued Expenses	5.94	9.26	7.88	4.95	12.61
Short-Term Debt	53.72	62.71	58.55	30.53	100.63
Current Portion of Long-Term Debt	2.95	2.02	0.77	0.05	-
Current Income Taxes Payable	4.16	-	2.56	0.55	5.58
Current Unearned Revenue	4.08	4.73	2.75	1.47	2.41
Other Current Liabilities	6.88	1.01	0.83	9.26	9.34
Total Current Liabilities	229.02	141.74	153.21	81.26	169.75
Long-Term Debt	369.8	67.77	14.94	15.5	-
Long-Term Leases	0.88	-	-	-	-
Long-Term Unearned Revenue	22.92	16.5	11.89	12.52	14.14
Long-Term Deferred Tax Liabilities	-	-	0.05	2.16	5.74
Total Liabilities	622.62	226.02	180.09	111.44	189.62
Common Stock	80	80	80	80	60
Additional Paid-In Capital	1,111	1,111	1,111	1,111	113.16
Retained Earnings	-1.46	188.09	243.22	308.58	299.23
Treasury Stock	-40	-36.89	-	-	-
Total Common Equity	1,149	1,342	1,434	1,500	472.39
Minority Interest	19.33	19.52	-0.03	-	-
Shareholders' Equity	1,169	1,362	1,434	1,500	472.39
Total Liabilities & Equity	1,791	1,588	1,615	1,611	662.01
Total Debt	427.35	132.5	74.27	46.08	100.63
Net Cash (Debt)	-317.91	75.11	388.9	737.75	-46.73
Net Cash Growth	-	-80.69%	-47.28%	-	-
Net Cash Per Share	-4.06	0.94	4.78	9.82	-0.78
Filing Date Shares Outstanding	78.7	78.3	80	80	60
Total Common Shares Outstanding	78.7	78.3	80	80	60
Working Capital	307.78	436.91	599.43	948.65	112.1
Book Value Per Share	14.60	17.14	17.93	18.75	7.87
Tangible Book Value	1,048	1,237	1,375	1,443	414.08
Tangible Book Value Per Share	13.31	15.80	17.18	18.03	6.90
Buildings	-	353.02	265.16	90.96	90.88
Machinery	-	634.27	255.79	251.44	237.8
Construction In Progress	-	27.2	432.64	217.2	40.71

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