SHE:300534 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	234.61	241.33	310.02	288.95	369.24	99.12
Cash & Short-Term Investments	234.61	241.33	310.02	288.95	369.24	99.12
Cash Growth	-14.64%	-22.16%	7.29%	-21.75%	272.52%	-16.13%
Accounts Receivable	292.05	257.51	223.85	223.8	220.95	140.44
Other Receivables	6.06	11.06	26.99	19.5	19.7	5.53
Receivables	298.11	268.57	250.83	243.3	240.65	145.98
Inventory	109.62	115.99	115.9	97.4	85.87	55.7
Prepaid Expenses	-	1.94	0.04	0.16	0.2	1.4
Other Current Assets	42.31	26.46	36.74	17.19	31.57	6.51
Total Current Assets	684.65	654.3	713.53	647	727.54	308.7
Property, Plant & Equipment	527.21	531.64	519.78	439.42	333.85	305.21
Long-Term Investments	52.75	52.75	51.36	54.2	54.2	54.2
Goodwill	13.72	13.72	13.72	13.72	13.72	13.72
Other Intangible Assets	67.86	68.65	63.06	62.07	62.22	50.74
Long-Term Deferred Tax Assets	14.13	14.13	11.5	10.12	8.58	5.77
Long-Term Deferred Charges	6.4	5.68	1.66	0.23	0.14	-
Other Long-Term Assets	53.7	53.62	70.51	109.89	117.25	85.73
Total Assets	1,420	1,394	1,445	1,337	1,318	824.07
Accounts Payable	325.39	319.44	371.29	243.56	209.01	32.63
Accrued Expenses	6.87	19.19	27.39	23.11	58.51	6.3
Short-Term Debt	-	0.25	4.9	30.03	-	-
Current Portion of Long-Term Debt	49.93	25.08	10.2	-	-	-
Current Portion of Leases	-	1.45	1.16	1.19	-	-
Current Income Taxes Payable	17.23	7.67	30.91	21.1	17.48	1.78
Current Unearned Revenue	9.14	15.62	22.4	65.65	77.24	12.96
Other Current Liabilities	36.87	69.04	73.44	53.7	45.08	14.64
Total Current Liabilities	445.44	457.74	541.69	438.34	407.32	68.32
Long-Term Debt	103.35	103.35	95.84	109.6	-	-
Long-Term Leases	2.17	2.38	2.58	3.72	-	-
Long-Term Unearned Revenue	52.46	46.9	40.08	26.44	26.89	22.92
Long-Term Deferred Tax Liabilities	3.05	3.05	1.54	0.24	-	0
Other Long-Term Liabilities	-	-	23.75	46.8	-	-
Total Liabilities	606.47	613.42	705.47	625.14	434.21	91.24
Common Stock	303.35	303.35	303.35	303.35	303.35	303.35
Additional Paid-In Capital	97.15	97.15	92.15	66.68	324	231.49
Retained Earnings	333.67	309.01	277.19	263.68	202.03	185.42
Comprehensive Income & Other	-1.05	-1.05	-2.24	-	-	-
Total Common Equity	733.11	708.45	670.45	633.71	829.38	720.25
Minority Interest	80.84	72.62	69.21	77.8	53.92	12.59
Shareholders' Equity	813.96	781.08	739.66	711.51	883.3	732.84
Total Liabilities & Equity	1,420	1,394	1,445	1,337	1,318	824.07
Total Debt	155.45	132.51	114.68	144.54	-	-
Net Cash (Debt)	79.16	108.82	195.34	144.4	369.24	99.12
Net Cash Growth	-54.50%	-44.29%	35.27%	-60.89%	272.52%	105.97%
Net Cash Per Share	0.26	0.36	0.64	0.48	1.22	0.33
Filing Date Shares Outstanding	303.34	303.35	303.35	303.35	303.35	303.35
Total Common Shares Outstanding	303.34	303.35	303.35	303.35	303.35	303.35
Working Capital	239.21	196.56	171.84	208.65	320.22	240.38
Book Value Per Share	2.42	2.34	2.21	2.09	2.73	2.37
Tangible Book Value	651.53	626.08	593.66	557.91	753.43	655.78
Tangible Book Value Per Share	2.15	2.06	1.96	1.84	2.48	2.16
Buildings	-	524.52	483.38	339.21	338.42	283.91
Machinery	-	240.33	205.81	148.61	125.14	66.35
Construction In Progress	-	5.64	27.61	105.7	6.09	37.76

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