SHE:301508 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	616.93	525.2	1,252	338.81	318.33
Short-Term Investments	10.03	-	-	-	-
Trading Asset Securities	-	6.55	-	-	-
Cash & Short-Term Investments	626.96	531.75	1,252	338.81	318.33
Cash Growth	17.90%	-57.53%	269.56%	6.43%	706.88%
Accounts Receivable	431.61	360.76	276.33	218.85	187.43
Other Receivables	3.58	3.93	1.97	1.77	1.56
Receivables	435.19	364.69	278.3	220.62	188.99
Inventory	1.07	0.77	1.31	-	-
Other Current Assets	33.62	51.21	13.56	13.57	8.64
Total Current Assets	1,097	948.43	1,545	573	515.97
Property, Plant & Equipment	1,116	1,097	1,072	380.42	233.06
Long-Term Investments	118.57	1.46	1.69	1.42	1.6
Goodwill	8.43	8.43	8.43	8.43	8.43
Other Intangible Assets	453.58	458.55	459.5	397.97	402.71
Long-Term Deferred Tax Assets	10.74	9.04	6.7	3.22	4.19
Long-Term Deferred Charges	4.71	6.31	11.76	6.91	7.45
Other Long-Term Assets	75.76	5.47	13.52	3.92	35.19
Total Assets	2,884	2,535	3,119	1,375	1,209
Accounts Payable	102.76	151.38	873.95	141.9	50.39
Accrued Expenses	39.93	46.05	35.91	29.84	28.34
Short-Term Debt	-	-	-	-	3.69
Current Portion of Leases	4.89	4.88	6.68	5	4.99
Current Income Taxes Payable	12.96	14.66	11.71	7.34	8.47
Current Unearned Revenue	78.8	75.21	137.17	159.85	146.54
Other Current Liabilities	16.75	19.42	14.46	22.79	83.38
Total Current Liabilities	256.09	311.6	1,080	366.71	325.81
Long-Term Debt	300.12	-	-	-	-
Long-Term Leases	3.64	8.68	4.32	3.23	5.2
Long-Term Unearned Revenue	35.17	34.8	15.89	16.15	14.65
Long-Term Deferred Tax Liabilities	35.97	36.9	37.76	38.57	39.23
Total Liabilities	630.98	391.97	1,138	424.66	384.89
Common Stock	226.09	226.09	226.09	169.56	169.56
Additional Paid-In Capital	1,327	1,327	1,327	501.46	501.46
Retained Earnings	479.65	375.74	335.78	196.37	79.11
Comprehensive Income & Other	8.95	7.82	6.92	8.55	7.63
Total Common Equity	2,041	1,936	1,895	875.94	757.76
Minority Interest	211.9	206.79	85.34	74.68	65.94
Shareholders' Equity	2,253	2,143	1,981	950.63	823.71
Total Liabilities & Equity	2,884	2,535	3,119	1,375	1,209
Total Debt	308.65	13.55	11.01	8.23	13.88
Net Cash (Debt)	318.3	518.2	1,241	330.58	304.45
Net Cash Growth	-38.57%	-58.25%	275.44%	8.58%	702.23%
Net Cash Per Share	1.41	2.29	7.12	1.95	1.80
Filing Date Shares Outstanding	226.09	226.09	226.09	169.56	169.56
Total Common Shares Outstanding	226.09	226.09	226.09	169.56	169.56
Working Capital	840.75	636.84	465.42	206.29	190.16
Book Value Per Share	9.03	8.56	8.38	5.17	4.47
Tangible Book Value	1,579	1,469	1,427	469.55	346.63
Tangible Book Value Per Share	6.99	6.50	6.31	2.77	2.04
Buildings	533.13	530.23	518.84	144.43	74.52
Machinery	775.62	724.05	632.08	252.86	160.18
Construction In Progress	72.24	19.82	23.41	56.2	48.15

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