SHE:001268 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	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	102.43	127.6	87.58	83.25	90.95	3.85
Cash & Short-Term Investments	102.43	127.6	87.58	83.25	90.95	3.85
Cash Growth	127.53%	45.69%	5.21%	-8.47%	2260.11%	-53.39%
Accounts Receivable	447.32	326.83	484.14	435.46	434.93	279.97
Other Receivables	2.59	1.69	1.28	0.65	0.84	0.81
Receivables	449.91	328.53	485.42	436.11	435.77	280.78
Inventory	154.05	92.95	79.61	62.45	81.07	83.24
Other Current Assets	26.8	12.35	4.81	7.82	12.66	25.83
Total Current Assets	733.19	561.42	657.42	589.62	620.45	393.7
Property, Plant & Equipment	1,046	875.02	698.09	567.14	536.4	472.33
Other Intangible Assets	106.08	82.84	40.45	41.61	42.89	34.19
Long-Term Deferred Tax Assets	16.49	7.95	3.62	4.13	4.46	2.89
Long-Term Deferred Charges	3.84	1.06	0.58	0.59	0.41	0.43
Other Long-Term Assets	4.99	23.3	10.01	10.19	12.77	7.36
Total Assets	1,997	1,552	1,410	1,213	1,217	910.9
Accounts Payable	219.7	206.76	190.67	123.31	111.59	173.12
Accrued Expenses	16.26	22.61	21.77	16.74	19.89	17.46
Short-Term Debt	175.75	111.75	107.68	40.82	109.09	205.51
Current Portion of Long-Term Debt	82.19	69.3	7.68	5.7	8.6	12.9
Current Portion of Leases	-	-	-	-	-	1.56
Current Income Taxes Payable	8.77	5.34	4.91	2.04	1.13	5.13
Current Unearned Revenue	2.35	0.03	0.03	0.15	0.26	0.05
Other Current Liabilities	34.31	3.2	13.38	4.6	10.36	27.62
Total Current Liabilities	539.34	419	346.13	193.37	260.92	443.37
Long-Term Debt	280.46	93.57	36.93	17.5	3.7	12.3
Long-Term Leases	1.08	0.19	0.65	-	-	-
Long-Term Unearned Revenue	21.02	18.23	10.65	11.99	13.27	13.13
Long-Term Deferred Tax Liabilities	3.25	0.01	0.34	3.52	3.67	-
Other Long-Term Liabilities	32.42	-	-	-	-	-
Total Liabilities	877.57	531.01	394.7	226.38	281.57	468.8
Common Stock	107.93	107.93	107.93	107.93	107.93	80.95
Additional Paid-In Capital	595.72	595.72	595.72	595.72	595.72	173.91
Retained Earnings	330.85	332.6	327.79	283.24	232.17	186.15
Treasury Stock	-16.18	-16.18	-15.99	-	-	-
Comprehensive Income & Other	-	-	-	-	-	1.09
Total Common Equity	1,018	1,020	1,015	986.89	935.82	442.11
Minority Interest	101.18	0.51	-	-	-	-
Shareholders' Equity	1,119	1,021	1,015	986.89	935.82	442.11
Total Liabilities & Equity	1,997	1,552	1,410	1,213	1,217	910.9
Total Debt	539.48	274.81	152.94	64.02	121.39	232.27
Net Cash (Debt)	-437.06	-147.22	-65.36	19.23	-30.43	-228.42
Net Cash Per Share	-4.23	-1.36	-0.60	0.18	-0.32	-2.82
Filing Date Shares Outstanding	87.63	107.25	112.56	107.93	107.93	80.95
Total Common Shares Outstanding	87.63	107.25	112.56	107.93	107.93	80.95
Working Capital	193.86	142.42	311.29	396.25	359.53	-49.66
Book Value Per Share	11.62	9.51	9.02	9.14	8.67	5.46
Tangible Book Value	826.17	937.23	975.01	945.28	892.93	407.92
Tangible Book Value Per Share	9.43	8.74	8.66	8.76	8.27	5.04
Buildings	-	-	204.52	203.98	161.29	160.96
Machinery	-	-	676.07	565.38	502.07	368.2
Construction In Progress	-	-	105.99	38.91	61.59	82.56

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