SHE:001390 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	414.4	488.39	173.47	107.4	63.76	52.1
Trading Asset Securities	152	19.23	-	-	-	-
Cash & Short-Term Investments	566.4	507.62	173.47	107.4	63.76	52.1
Cash Growth	487.71%	192.62%	61.52%	68.43%	22.39%	89.11%
Accounts Receivable	495.08	501.01	306.2	283.58	246.48	159.93
Other Receivables	11.24	6.39	5.73	3.22	4.31	0.46
Receivables	506.32	507.39	311.93	286.79	250.79	160.39
Inventory	753.25	695.66	570.67	475.86	361.31	308.8
Prepaid Expenses	-	-	-	0.3	0.24	0.23
Other Current Assets	291.42	203.83	158.8	121.71	56.03	50.7
Total Current Assets	2,117	1,915	1,215	992.06	732.14	572.22
Property, Plant & Equipment	220.43	208.31	174.06	195.35	199.67	137.7
Long-Term Investments	1.2	1.2	1.2	1.2	1.2	1.2
Other Intangible Assets	13.37	13.48	13.89	14.29	14.48	14.82
Long-Term Deferred Charges	5.59	6.07	8.17	0.88	2.06	2.19
Other Long-Term Assets	-	0.62	-	-	0.02	13.1
Total Assets	2,358	2,144	1,412	1,204	949.56	741.23
Accounts Payable	263.63	242.01	234.51	131.7	80.96	25
Accrued Expenses	1.53	3.01	1.88	3.01	6.09	2.74
Short-Term Debt	216.66	164.65	158.12	246.52	204.36	161.06
Current Portion of Long-Term Debt	30.02	26.57	89.49	7.46	23.98	0.07
Current Income Taxes Payable	1.58	3.83	1.13	-	-	-
Current Unearned Revenue	92.78	10.45	2.06	2.27	2.38	0.8
Other Current Liabilities	22.28	14.22	1.65	4.33	2.25	3.88
Total Current Liabilities	628.49	464.74	488.84	395.28	320.02	193.54
Long-Term Debt	59.25	49.15	6	62.4	5	19.94
Long-Term Leases	0.27	0.27	-	-	-	-
Long-Term Unearned Revenue	3.21	3.26	3.65	0.6	0.81	1.03
Total Liabilities	691.22	517.42	498.48	458.28	325.83	214.51
Common Stock	200	200	150	150	150	150
Additional Paid-In Capital	628.14	628.14	143.37	143.37	143.37	143.37
Retained Earnings	838.61	798.64	620.34	452.14	330.36	233.35
Shareholders' Equity	1,667	1,627	913.7	745.51	623.73	526.72
Total Liabilities & Equity	2,358	2,144	1,412	1,204	949.56	741.23
Total Debt	306.21	240.64	253.6	316.38	233.34	181.07
Net Cash (Debt)	260.19	266.98	-80.13	-208.98	-169.58	-128.97
Net Cash Per Share	1.37	1.50	-0.53	-1.39	-1.14	-0.86
Filing Date Shares Outstanding	199.86	196.51	150	150	150	150
Total Common Shares Outstanding	199.86	196.51	150	150	150	150
Working Capital	1,489	1,450	726.03	596.78	412.12	378.68
Book Value Per Share	8.34	8.28	6.09	4.97	4.16	3.51
Tangible Book Value	1,653	1,613	899.82	731.21	609.25	511.89
Tangible Book Value Per Share	8.27	8.21	6.00	4.87	4.06	3.41
Buildings	-	-	-	254.19	190.46	171.9
Machinery	-	-	-	33.64	32.82	29.81
Construction In Progress	-	-	-	0.66	56.31	1.08

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