SHE:000017 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Jan '25 Jan 1, 2025	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	47.62	0.06	0.22	0.01	3.81	0.03
Short-Term Investments	-	75.41	80.75	54.13	50.89	33.22
Cash & Short-Term Investments	47.62	75.47	80.97	54.15	54.7	33.25
Cash Growth	33.76%	-6.79%	49.54%	-1.01%	64.53%	67.17%
Accounts Receivable	198.99	204.78	233.61	196.29	251.17	46.85
Other Receivables	1.02	0.82	19.69	23.68	0.44	0.49
Receivables	200.02	205.6	253.3	219.98	251.61	47.34
Inventory	233.24	184.69	84.35	81.92	48.21	8.25
Other Current Assets	6.92	1.47	3.06	4.22	39.74	3.11
Total Current Assets	487.8	467.23	421.68	360.26	394.26	91.95
Property, Plant & Equipment	5.12	5.09	6.77	4.1	2.48	4.94
Long-Term Investments	-	0	0.83	-	-	-
Long-Term Deferred Tax Assets	6.14	5.68	5.17	4.91	0.12	0.06
Other Long-Term Assets	-	-	-	0.4	0.4	0.4
Total Assets	499.06	478	434.45	369.68	397.25	97.36
Accounts Payable	6.92	3.37	7.64	6.21	2.88	8.3
Accrued Expenses	1.53	5.01	1.56	8.54	37.77	2.41
Short-Term Debt	33.3	34.54	18.49	9.58	16.5	23.33
Current Portion of Leases	-	1.43	1.39	0.85	0.21	1.46
Current Income Taxes Payable	6.46	5.83	3.7	3.83	1.11	0.03
Current Unearned Revenue	0.03	0.07	4.87	0.63	0.79	0.12
Other Current Liabilities	42.56	32.22	25.46	29.61	32.25	37.49
Total Current Liabilities	92.25	82.46	63.1	59.26	91.52	73.13
Long-Term Leases	1.34	1.66	3.21	1.02	-	0.23
Other Long-Term Liabilities	-	-	-	-	0.89	-
Total Liabilities	93.6	84.12	66.31	60.28	92.41	73.36
Common Stock	689.18	689.18	689.18	689.18	689.18	551.35
Additional Paid-In Capital	797.71	169.87	169.87	151.72	-	-
Retained Earnings	-1,096	-1,102	-1,143	-1,160	-1,178	-1,170
Comprehensive Income & Other	-0.66	627.2	627.83	627.83	778.82	627.83
Total Common Equity	390.34	384.26	343.76	308.76	290.13	8.92
Minority Interest	15.12	9.62	24.38	0.64	14.72	15.08
Shareholders' Equity	405.46	393.88	368.14	309.4	304.85	24
Total Liabilities & Equity	499.06	478	434.45	369.68	397.25	97.36
Total Debt	36.09	37.64	23.09	11.44	16.71	25.01
Net Cash (Debt)	11.53	37.84	57.88	42.7	37.99	8.23
Net Cash Growth	-46.96%	-34.63%	35.54%	12.41%	361.37%	-38.50%
Net Cash Per Share	0.02	0.06	0.07	0.07	0.05	0.02
Filing Date Shares Outstanding	687.15	689.18	689.18	689.18	689.18	551.35
Total Common Shares Outstanding	687.15	689.18	689.18	689.18	689.18	551.35
Working Capital	395.55	384.77	358.58	301.01	302.74	18.82
Book Value Per Share	0.57	0.56	0.50	0.45	0.42	0.02
Tangible Book Value	390.34	384.26	343.76	308.76	290.13	8.92
Tangible Book Value Per Share	0.57	0.56	0.50	0.45	0.42	0.02
Buildings	-	2.96	2.96	2.96	2.96	2.96
Machinery	-	2.7	2.64	1.79	1.74	2.64

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