SHE:300514 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	471.82	598.87	529.74	374.66	278.51	406.35
Short-Term Investments	210.59	231.21	-	-	-	-
Trading Asset Securities	63	-	-	-	91.34	25.13
Cash & Short-Term Investments	745.4	830.08	529.74	374.66	369.85	431.48
Cash Growth	78.80%	56.70%	41.39%	1.30%	-14.28%	35.45%
Accounts Receivable	163.75	152.94	188.33	186.23	308.82	300.33
Other Receivables	3.67	1.94	2.02	1.8	3.84	4.39
Receivables	167.42	154.88	190.35	188.03	312.65	304.72
Inventory	103.93	73.61	72.07	124.1	161.06	169.87
Other Current Assets	20.42	14.18	15.17	9.5	8.11	32.86
Total Current Assets	1,037	1,073	807.32	696.29	851.68	938.93
Property, Plant & Equipment	203.22	206.58	203.79	187.54	186.94	167.7
Long-Term Investments	164.09	163.3	407.6	280.58	-	-
Other Intangible Assets	16.36	17.05	14.62	15.21	12.72	13.49
Long-Term Deferred Tax Assets	6.96	6.93	6.22	5.73	8.21	8.07
Long-Term Deferred Charges	17.11	16.18	16.61	19.67	18.38	15.26
Other Long-Term Assets	9.73	5.24	5.06	7.43	13.07	3.25
Total Assets	1,455	1,488	1,461	1,212	1,091	1,147
Accounts Payable	377.34	368.54	352.36	237.17	216.83	384.79
Accrued Expenses	9.33	27.25	25.74	35.37	51.44	48.03
Short-Term Debt	-	-	-	-	30.3	-
Current Portion of Leases	2.54	2.77	3.6	1.8	2.7	4.4
Current Income Taxes Payable	7.72	5.52	9.66	9.29	6.44	3.58
Current Unearned Revenue	18.08	13.11	15.11	33.37	42.47	49.76
Other Current Liabilities	6.75	4.45	7.05	7.14	12.02	9.07
Total Current Liabilities	421.77	421.65	413.51	324.15	362.21	499.62
Long-Term Leases	1.21	1.72	4.14	3.14	4.91	3.29
Long-Term Unearned Revenue	-	-	-	-	0.27	0.54
Long-Term Deferred Tax Liabilities	4.09	4.77	1.98	1.03	1.25	0.02
Other Long-Term Liabilities	8.7	8.38	-	0.51	0.51	-
Total Liabilities	435.77	436.51	419.63	328.83	369.15	503.47
Common Stock	200	200	200	200	200	200
Additional Paid-In Capital	113.9	113.9	113.9	113.9	113.9	113.9
Retained Earnings	705.37	737.6	727.65	569.48	407.89	329.13
Comprehensive Income & Other	-0.39	0.03	0.04	0.24	0.07	0.21
Shareholders' Equity	1,019	1,052	1,042	883.62	721.86	643.24
Total Liabilities & Equity	1,455	1,488	1,461	1,212	1,091	1,147
Total Debt	3.75	4.49	7.73	4.94	37.91	7.69
Net Cash (Debt)	741.65	825.59	522.01	369.71	331.94	423.79
Net Cash Growth	80.97%	58.16%	41.19%	11.38%	-21.67%	55.15%
Net Cash Per Share	-	4.13	2.61	1.85	1.65	2.13
Filing Date Shares Outstanding	-	200	200	200	200	200
Total Common Shares Outstanding	-	200	200	200	200	200
Working Capital	615.42	651.11	393.82	372.14	489.48	439.31
Book Value Per Share	-	5.26	5.21	4.42	3.61	3.22
Tangible Book Value	1,003	1,034	1,027	868.41	709.13	629.75
Tangible Book Value Per Share	-	5.17	5.13	4.34	3.55	3.15
Buildings	-	176.42	167.07	155.57	155.57	81.3
Machinery	-	139.29	127.63	113.07	101.27	85.89
Construction In Progress	-	6.59	9.06	11.56	5.5	63.7

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