SHE:301282 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	239.18	391.91	491.92	512.85	83.46
Short-Term Investments	-	-	51.58	200.35	-
Trading Asset Securities	-	90.79	251.25	101.9	-
Cash & Short-Term Investments	239.18	482.7	794.75	815.11	83.46
Cash Growth	-50.45%	-39.27%	-2.50%	876.66%	22.83%
Accounts Receivable	923.34	777.47	647.23	564.09	449.63
Other Receivables	8.83	20.82	4.97	8	6.96
Receivables	932.17	798.3	652.2	572.09	456.59
Inventory	364.08	280.63	248.27	265.99	206.68
Prepaid Expenses	-	0.45	0.57	0.96	-
Other Current Assets	44.48	33.04	14.39	1.89	6.49
Total Current Assets	1,580	1,595	1,710	1,656	753.21
Property, Plant & Equipment	1,502	1,261	887.82	705.05	667.19
Long-Term Investments	9.82	10	-	-	-
Goodwill	22.13	22.13	-	-	-
Other Intangible Assets	92.47	89.46	86.8	45.4	47.4
Long-Term Deferred Tax Assets	24.39	16.72	19.19	15.55	13.19
Long-Term Deferred Charges	21.76	26.02	2.96	2.27	1.55
Other Long-Term Assets	52.84	1.21	19.23	22.63	13.16
Total Assets	3,305	3,021	2,726	2,447	1,496
Accounts Payable	1,109	951.36	711.54	582.22	615.82
Accrued Expenses	25.58	29.86	19.67	16.55	13.97
Short-Term Debt	150.03	125.6	238.61	46.36	146.02
Current Portion of Long-Term Debt	1.03	-	-	-	34.87
Current Portion of Leases	2.25	1.84	0.96	8.91	40.32
Current Income Taxes Payable	1.53	5.14	0.82	4.48	3.79
Current Unearned Revenue	0.12	0.07	0.05	0.02	1.25
Other Current Liabilities	123.26	129.17	2	2.21	0.24
Total Current Liabilities	1,413	1,243	973.64	660.76	856.27
Long-Term Debt	49.83	-	-	-	7.81
Long-Term Leases	3.68	5.51	3.58	0.18	9.83
Long-Term Unearned Revenue	115.81	87.45	72.47	77.36	70.29
Long-Term Deferred Tax Liabilities	1.16	-	18.98	19.97	20.54
Total Liabilities	1,583	1,336	1,069	758.27	964.74
Common Stock	151.14	151.14	151.14	151.14	113.35
Additional Paid-In Capital	1,211	1,221	1,223	1,221	243.1
Retained Earnings	387.16	334.13	283.98	317.14	175.63
Treasury Stock	-30.01	-30.01	-	-	-
Comprehensive Income & Other	-1	-1.12	-1.05	-0.97	-1.11
Total Common Equity	1,718	1,676	1,657	1,689	530.97
Minority Interest	3.72	9.9	-	-	-
Shareholders' Equity	1,722	1,685	1,657	1,689	530.97
Total Liabilities & Equity	3,305	3,021	2,726	2,447	1,496
Total Debt	206.82	132.95	243.15	55.46	238.83
Net Cash (Debt)	32.36	349.75	551.6	759.65	-155.38
Net Cash Growth	-90.75%	-36.59%	-27.39%	-	-
Net Cash Per Share	0.21	2.49	3.64	6.03	-1.36
Filing Date Shares Outstanding	149.48	149.48	151.14	151.14	113.35
Total Common Shares Outstanding	149.48	149.48	151.14	151.14	113.35
Working Capital	167.23	352.08	736.52	995.28	-103.06
Book Value Per Share	11.49	11.21	10.97	11.17	4.68
Tangible Book Value	1,603	1,564	1,571	1,643	483.57
Tangible Book Value Per Share	10.73	10.46	10.39	10.87	4.27
Buildings	524.93	478.66	327.97	303.86	242.61
Machinery	1,151	1,001	679.8	516.54	393.69
Construction In Progress	303.96	140.05	146.61	52.18	99.48

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