SHE:003004 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	130.95	167.51	265.71	380.28	193.12	224.67
Trading Asset Securities	-	-	5.32	18.1	-	35.23
Cash & Short-Term Investments	130.95	167.51	271.04	398.38	193.12	259.9
Cash Growth	-37.91%	-38.20%	-31.97%	106.29%	-25.69%	-20.09%
Accounts Receivable	434.45	491.97	381.56	323.3	292.46	261.27
Other Receivables	6.95	11.16	6.5	4.84	6	9.28
Receivables	441.4	503.13	388.06	328.14	298.46	270.55
Inventory	73.65	25.04	48.61	33.39	30.4	21.22
Prepaid Expenses	-	-	2.23	1.3	0.55	0.77
Other Current Assets	18.84	32.02	23.2	18.81	21.49	29.09
Total Current Assets	664.85	727.71	733.14	780.02	544.02	581.52
Property, Plant & Equipment	366.41	366.31	334.44	264.39	257.48	253.52
Long-Term Investments	36.66	31.11	23.88	17.38	16.17	-
Goodwill	49.25	49.25	1.44	-	-	-
Other Intangible Assets	108.43	109.48	84.41	60.51	62.08	7.87
Long-Term Deferred Tax Assets	21.47	20.9	18.01	15.86	10.23	9.2
Long-Term Deferred Charges	1.32	1.7	0.13	0.24	0.38	1.04
Other Long-Term Assets	22.16	21.02	6.41	29.35	13.48	15.81
Total Assets	1,271	1,327	1,202	1,168	903.85	868.97
Accounts Payable	159.08	159.96	164.26	102.04	106.05	115.36
Accrued Expenses	13.5	21.56	18.31	10.09	14.69	14.89
Short-Term Debt	103.35	140.93	31.82	16	29.84	-
Current Portion of Long-Term Debt	3.15	3.15	-	-	-	-
Current Income Taxes Payable	0.39	11.8	0.13	4.04	2.03	4.17
Current Unearned Revenue	29.39	25.53	4.01	2.52	13.45	4.08
Other Current Liabilities	10.96	10.99	15.6	2.15	3.47	17.53
Total Current Liabilities	319.81	373.92	234.14	136.82	169.52	156.03
Long-Term Debt	259.4	254.44	235.66	217.02	-	-
Long-Term Leases	1.65	0.86	-	-	-	-
Long-Term Unearned Revenue	-	-	0.11	1.76	2.64	2.11
Long-Term Deferred Tax Liabilities	4.24	8.15	0.01	0.03	-	0.03
Other Long-Term Liabilities	1.56	1.35	-	-	-	0.06
Total Liabilities	586.67	638.71	469.92	355.63	172.17	158.23
Common Stock	81.86	81.86	81.85	81.84	81.84	81.84
Additional Paid-In Capital	359	358.99	358.78	358.51	360.89	360.05
Retained Earnings	215.33	218.7	230.32	297.77	289.07	268.93
Treasury Stock	-25.03	-25.03	-12.6	-	-	-
Comprehensive Income & Other	70.43	70.43	74.23	74.31	-	-
Total Common Equity	701.59	704.96	732.59	812.43	731.79	710.82
Minority Interest	-17.72	-16.2	-0.65	-0.31	-0.11	-0.09
Shareholders' Equity	683.87	688.76	731.94	812.12	731.69	710.73
Total Liabilities & Equity	1,271	1,327	1,202	1,168	903.85	868.97
Total Debt	367.56	399.38	267.48	233.02	29.84	-
Net Cash (Debt)	-236.61	-231.87	3.56	165.36	163.28	259.9
Net Cash Growth	-	-	-97.85%	1.28%	-37.18%	-3.47%
Net Cash Per Share	-2.89	-2.83	0.04	2.04	2.01	3.18
Filing Date Shares Outstanding	81.8	81.96	81.23	81.23	81.84	81.84
Total Common Shares Outstanding	81.8	81.96	81.23	81.84	81.84	81.84
Working Capital	345.04	353.79	499.01	643.19	374.5	425.49
Book Value Per Share	8.58	8.60	9.02	9.93	8.94	8.69
Tangible Book Value	543.91	546.23	646.75	751.92	669.71	702.96
Tangible Book Value Per Share	6.65	6.66	7.96	9.19	8.18	8.59
Buildings	-	-	241.27	241.27	241.27	239.75
Machinery	-	-	30.52	35.75	31.86	28.01
Construction In Progress	-	-	100.74	18.85	7.4	-

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