SHE:003009 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	698.11	764.32	935.73	1,210	1,290	574.71
Cash & Short-Term Investments	698.11	764.32	935.73	1,210	1,290	574.71
Cash Growth	-15.99%	-18.32%	-22.66%	-6.18%	124.39%	-13.74%
Accounts Receivable	537.81	513.85	608.69	660.54	639.3	441.88
Other Receivables	10.13	53.12	33.24	19.96	11.79	8.2
Receivables	547.94	566.97	641.93	680.5	651.45	450.37
Inventory	480.33	476.65	407.95	290.68	293.55	236.59
Prepaid Expenses	-	1.55	1.66	2.7	11.54	9.2
Other Current Assets	116.92	59.73	36.6	46.83	27	14.05
Total Current Assets	1,843	1,869	2,024	2,231	2,273	1,285
Property, Plant & Equipment	1,012	1,020	899.11	664.18	566.41	434.5
Other Intangible Assets	90.8	91.68	94.18	97.12	79.55	80.93
Long-Term Accounts Receivable	-	35.34	50.07	-	-	-
Long-Term Deferred Tax Assets	46.96	44.15	20.71	13.31	16.27	4.54
Long-Term Deferred Charges	1.04	1.06	0.91	1.95	1.96	2.94
Other Long-Term Assets	47.29	9.17	22.47	50.56	39.85	59.7
Total Assets	3,042	3,071	3,111	3,058	2,977	1,868
Accounts Payable	529.75	560.31	621.92	577.57	543.51	360.69
Accrued Expenses	1.62	3.3	13.52	15.66	12.95	3.6
Short-Term Debt	114.02	114.36	138.96	200.17	200	-
Current Portion of Long-Term Debt	5.91	3.89	1.92	1.54	1.36	1
Current Portion of Leases	-	2.42	2.29	1.49	1.44	2.24
Current Income Taxes Payable	6.87	0.6	0.22	-	-	0.96
Current Unearned Revenue	237.58	238.44	125.46	48.05	57.58	95.13
Other Current Liabilities	48.17	68.41	63.34	105.39	153.69	33.6
Total Current Liabilities	943.92	991.72	967.63	949.87	970.52	497.22
Long-Term Debt	9.6	500.72	485.8	469.31	452.68	14.2
Long-Term Leases	10.13	5.92	2.05	1.77	3.2	0.3
Long-Term Unearned Revenue	45.35	47.75	22.19	11.92	6.82	7.92
Long-Term Deferred Tax Liabilities	8	7.69	8.34	9.27	10.59	-
Total Liabilities	1,017	1,554	1,486	1,442	1,444	519.64
Common Stock	164.72	155.4	155.39	155.39	155.39	155.39
Additional Paid-In Capital	1,164	629.48	629.15	627.23	627.17	625.97
Retained Earnings	679.97	675.23	785.96	779.13	697.57	565.53
Comprehensive Income & Other	5.55	57.06	54.83	53.8	53.21	0.99
Shareholders' Equity	2,025	1,517	1,625	1,616	1,533	1,348
Total Liabilities & Equity	3,042	3,071	3,111	3,058	2,977	1,868
Total Debt	139.66	627.31	631.01	674.28	658.67	17.74
Net Cash (Debt)	558.45	137.01	304.72	535.57	630.91	556.97
Net Cash Growth	185.50%	-55.04%	-43.10%	-15.11%	13.28%	-3.98%
Net Cash Per Share	3.57	0.88	1.96	3.35	3.91	3.60
Filing Date Shares Outstanding	160.03	155.4	155.39	155.39	155.39	155.39
Total Common Shares Outstanding	160.03	155.4	155.39	155.39	155.39	155.39
Working Capital	899.38	877.51	1,056	1,281	1,303	787.71
Book Value Per Share	12.59	9.76	10.46	10.40	9.87	8.67
Tangible Book Value	1,924	1,425	1,531	1,518	1,454	1,267
Tangible Book Value Per Share	12.02	9.17	9.85	9.77	9.36	8.15
Buildings	-	698.54	482.11	348.77	334.47	245.82
Machinery	-	627.97	550.58	457.05	375.22	237.76
Construction In Progress	-	0.27	120.09	67.24	27.08	98.02

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