SHE:301419 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	Dec '21 Dec 31, 2021
Cash & Equivalents	506.51	497.92	524.13	92.99	84.74
Cash & Short-Term Investments	506.51	497.92	524.13	92.99	84.74
Cash Growth	1.73%	-5.00%	463.62%	9.74%	-6.60%
Accounts Receivable	142.83	113.87	105.1	160.13	126.04
Other Receivables	1.79	6.64	4.11	4.59	5.47
Receivables	144.62	120.5	109.21	164.72	131.51
Inventory	58.74	50.6	45.78	70.46	57.92
Prepaid Expenses	-	-	-	0.55	-
Other Current Assets	8.54	4.73	6.2	15.99	13.86
Total Current Assets	718.41	673.75	685.32	344.72	288.03
Property, Plant & Equipment	194.86	225.32	241.09	308.54	271.55
Long-Term Investments	1	0.5	-	-	-
Other Intangible Assets	27.79	28.46	29.45	29.63	30.58
Long-Term Deferred Tax Assets	2.39	2.49	2.92	2.63	2.18
Long-Term Deferred Charges	35.25	40.13	31.22	1.5	0.37
Other Long-Term Assets	85.13	69.9	61.26	14.43	6.92
Total Assets	1,065	1,041	1,051	701.44	599.64
Accounts Payable	79.19	71.65	67.01	100.66	86.09
Accrued Expenses	13.04	9.47	17.11	13.37	8.92
Short-Term Debt	-	-	-	106.92	81.08
Current Portion of Long-Term Debt	1.73	-	-	27.63	27.55
Current Portion of Leases	-	3.1	3.55	4.78	3.21
Current Income Taxes Payable	3.98	1.36	0.59	3.4	2
Current Unearned Revenue	0.54	1.34	0.87	0.41	2.56
Other Current Liabilities	2.98	1.7	1.28	1.57	1.01
Total Current Liabilities	101.46	88.63	90.4	258.74	212.43
Long-Term Debt	-	-	-	27.55	55.09
Long-Term Leases	1.98	1.92	5.36	9.77	2.66
Long-Term Unearned Revenue	-	0.1	0.23	-	-
Long-Term Deferred Tax Liabilities	3	3.03	3.01	2.16	0.63
Total Liabilities	106.44	93.68	98.99	298.23	270.81
Common Stock	120	100	100	75	75
Additional Paid-In Capital	501.11	521.11	521.11	3.67	3.67
Retained Earnings	340.38	326.79	331	324.29	250.02
Comprehensive Income & Other	-1.02	-0.15	-0.26	-0.44	-0.76
Total Common Equity	960.48	947.75	951.86	402.52	327.93
Minority Interest	-2.09	-0.88	0.41	0.7	0.9
Shareholders' Equity	958.39	946.87	952.27	403.22	328.83
Total Liabilities & Equity	1,065	1,041	1,051	701.44	599.64
Total Debt	3.7	5.02	8.91	176.64	169.59
Net Cash (Debt)	502.81	492.89	515.22	-83.65	-84.85
Net Cash Growth	2.01%	-4.33%	-	-	-
Net Cash Per Share	4.19	4.11	4.48	-0.93	-0.94
Filing Date Shares Outstanding	119.94	120	120	90	90
Total Common Shares Outstanding	119.94	120	120	90	90
Working Capital	616.94	585.12	594.92	85.98	75.6
Book Value Per Share	8.01	7.90	7.93	4.47	3.64
Tangible Book Value	932.69	919.29	922.41	372.89	297.34
Tangible Book Value Per Share	7.78	7.66	7.69	4.14	3.30
Buildings	-	157.9	170.9	218.21	222.24
Machinery	-	143.23	129.01	110.17	86.25
Construction In Progress	-	4.76	0.97	25.61	6.16

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