SHE:001378 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	Dec '21 Dec 31, 2021
Cash & Equivalents	146.47	254.01	389.54	1,206	281.38	34.75
Short-Term Investments	-	107.46	103.81	-	-	-
Trading Asset Securities	85.03	30.03	-	-	4.14	162.9
Cash & Short-Term Investments	231.5	391.5	493.35	1,206	285.52	197.65
Cash Growth	-40.33%	-20.65%	-59.10%	322.47%	44.45%	219.04%
Accounts Receivable	342.47	275.83	256.81	146.79	93.3	97.24
Other Receivables	0.68	0.95	0.92	3.86	0.45	0.52
Receivables	343.15	276.78	257.74	150.65	93.74	97.77
Inventory	148.7	125.57	157.31	154.19	130.35	136.24
Other Current Assets	163.81	48.13	33.07	35.95	11.09	12.41
Total Current Assets	887.16	841.98	941.47	1,547	520.7	444.06
Property, Plant & Equipment	1,016	1,024	747.89	736.07	382.6	260.15
Long-Term Investments	25.53	25.53	24.43	19.94	20.15	21.94
Other Intangible Assets	212.36	213.76	217.08	127.62	126.95	21.79
Long-Term Deferred Tax Assets	0.31	0.33	3.26	3.38	3.4	4.7
Long-Term Deferred Charges	3.86	4.14	4.68	3.36	3.51	4.27
Other Long-Term Assets	252.98	250.69	331.33	31.8	5.7	33.89
Total Assets	2,398	2,360	2,270	2,469	1,063	790.8
Accounts Payable	352.6	347.75	279.57	223.23	96.08	72.33
Accrued Expenses	14.22	23.1	24.19	19.81	29.5	31.69
Short-Term Debt	28.66	29.21	15.25	-	26.77	8.22
Current Portion of Long-Term Debt	2.53	2.68	0.33	10.31	0.94	-
Current Income Taxes Payable	11.31	9.75	0.45	-	2.14	5.9
Current Unearned Revenue	6.59	6.4	5.96	5.33	3.66	10.85
Other Current Liabilities	13.53	3.37	3.64	2.71	2.76	3.3
Total Current Liabilities	429.44	422.26	329.39	261.38	161.85	132.28
Long-Term Debt	36.91	37.06	33.22	311.39	75.1	-
Long-Term Unearned Revenue	28.74	27.31	3.82	4.9	5.98	7.05
Long-Term Deferred Tax Liabilities	2.37	2.37	9.55	7.69	5.18	3.57
Other Long-Term Liabilities	-	-	-	-	4.14	-
Total Liabilities	497.46	489	375.97	585.36	252.24	142.91
Common Stock	133.33	133.33	133.33	133.33	100	100
Additional Paid-In Capital	925.68	923.77	923.77	923.77	5.34	5.34
Retained Earnings	855.2	827.02	830.93	824.54	703.19	539.28
Treasury Stock	-20.06	-20.06	-	-	-	-
Comprehensive Income & Other	6.6	6.87	6.15	2.17	2.25	3.27
Total Common Equity	1,901	1,871	1,894	1,884	810.77	647.89
Shareholders' Equity	1,901	1,871	1,894	1,884	810.77	647.89
Total Liabilities & Equity	2,398	2,360	2,270	2,469	1,063	790.8
Total Debt	68.1	68.95	48.8	321.7	102.82	8.22
Net Cash (Debt)	163.4	322.55	444.55	884.51	182.7	189.43
Net Cash Growth	-47.46%	-27.45%	-49.74%	384.14%	-3.55%	4856.07%
Net Cash Per Share	1.23	2.42	3.34	8.38	1.83	1.89
Filing Date Shares Outstanding	133.31	133.33	133.33	133.33	100	100.15
Total Common Shares Outstanding	133.31	133.33	133.33	133.33	100	100.15
Working Capital	457.72	419.73	612.09	1,286	358.86	311.77
Book Value Per Share	14.26	14.03	14.21	14.13	8.11	6.47
Tangible Book Value	1,688	1,657	1,677	1,756	683.82	626.09
Tangible Book Value Per Share	12.67	12.43	12.58	13.17	6.84	6.25
Buildings	-	415.13	279.6	274.89	124.32	124.32
Machinery	-	1,245	1,044	858.35	671.61	658.36
Construction In Progress	-	49.97	59.06	189.92	142.76	3.59

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