SHE:003043 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

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	585.91	501.48	241.05	555.45	657.37	278.82
Trading Asset Securities	32.57	91.93	300.42	230.34	301.08	300.65
Cash & Short-Term Investments	618.48	593.42	541.47	785.8	958.46	579.48
Cash Growth	18.83%	9.59%	-31.09%	-18.01%	65.40%	229.70%
Accounts Receivable	399.55	421.15	397.6	164.84	183.7	207.4
Other Receivables	9.78	12.55	11.82	4.5	3.99	5.02
Receivables	409.33	433.7	409.43	169.34	187.69	212.42
Inventory	385.81	330.21	388.41	93.71	103.81	109.52
Other Current Assets	118.17	64.92	41.37	3.22	4.3	10.13
Total Current Assets	1,532	1,422	1,381	1,052	1,254	911.55
Property, Plant & Equipment	595.05	589.79	572.39	316.85	146.55	91.3
Long-Term Investments	24	461.49	493.94	26	12	-
Goodwill	260.27	260.27	260.27	-	-	-
Other Intangible Assets	79.4	82.28	93.34	27.21	27.75	17.21
Long-Term Accounts Receivable	-	8.64	5.82	-	-	-
Long-Term Deferred Tax Assets	20.34	20.64	15.78	8.84	4.31	5.46
Long-Term Deferred Charges	8.27	8.84	4.26	1.41	1.17	0.89
Other Long-Term Assets	522.51	92.21	77.97	98.93	61.87	3.33
Total Assets	3,042	2,946	2,904	1,531	1,508	1,030

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
Accounts Payable	329.6	298.63	306.28	83.25	135.13	123.98
Accrued Expenses	17.64	46.05	37.91	19.59	27.92	28.05
Current Portion of Leases	6.37	6.33	5.13	5.51	2.44	1.15
Current Income Taxes Payable	5.05	4.82	8.26	3.49	8.97	6.82
Current Unearned Revenue	313.05	235.33	293.4	0.75	0.74	0.7
Other Current Liabilities	53.27	46.46	45.58	1	6.55	4.47
Total Current Liabilities	724.97	637.63	696.55	113.59	181.74	165.17
Long-Term Debt	264.17	258.84	263.17	243.04	224.11	-
Long-Term Leases	14.61	16.39	19.35	24.28	7.96	4.15
Long-Term Unearned Revenue	0.5	0.5	-	-	-	-
Long-Term Deferred Tax Liabilities	17.53	18.25	22.29	10.88	10.47	-
Other Long-Term Liabilities	2.41	3.36	3.82	-	-	-
Total Liabilities	1,024	934.96	1,005	391.8	424.28	169.32

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
Common Stock	133.83	133.83	95.03	80	80	80
Additional Paid-In Capital	1,053	1,052	1,059	493.63	493.6	493.6
Retained Earnings	594.52	586.72	529.1	468.36	412.24	286
Treasury Stock	-16.76	-16.76	-24.89	-	-	-
Comprehensive Income & Other	89.5	89.51	97.3	96.58	96.8	-0.17
Total Common Equity	1,854	1,845	1,756	1,139	1,083	859.43
Minority Interest	163.69	166.1	143.74	0.94	0.98	0.98
Shareholders' Equity	2,017	2,011	1,899	1,140	1,084	860.41
Total Liabilities & Equity	3,042	2,946	2,904	1,531	1,508	1,030

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
Total Debt	285.15	281.56	287.65	272.84	234.5	5.29
Net Cash (Debt)	333.33	311.86	253.82	512.96	723.95	574.18
Net Cash Growth	46.06%	22.87%	-50.52%	-29.14%	26.08%	226.69%
Net Cash Per Share	2.31	2.32	2.99	4.45	6.47	5.46
Filing Date Shares Outstanding	133.83	133.83	133.04	112	111.97	112
Total Common Shares Outstanding	133.83	133.83	133.04	112	111.97	112
Working Capital	806.81	784.63	684.13	938.47	1,073	746.38
Book Value Per Share	13.85	13.79	13.20	10.17	9.67	7.67
Tangible Book Value	1,514	1,503	1,402	1,111	1,055	842.22
Tangible Book Value Per Share	11.31	11.23	10.54	9.92	9.42	7.52
Buildings	-	433.11	427.13	59.48	59.48	59.48
Machinery	-	280.86	169.7	145.27	141.96	129.9
Construction In Progress	-	26.67	86.82	202.65	49.35	0.22