SHE:300540 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	408.87	406.03	479.93	121.48	168.26	93.41
Short-Term Investments	-	-	264.61	-	-	-
Cash & Short-Term Investments	408.87	406.03	744.53	121.48	168.26	93.41
Cash Growth	-27.03%	-45.46%	512.87%	-27.80%	80.14%	35.99%
Accounts Receivable	490.52	593.76	548.52	634.55	470.72	614.88
Other Receivables	33.01	32.91	43.93	61.87	63.09	55.4
Receivables	523.53	626.66	592.45	696.42	533.81	670.28
Inventory	300.06	294.99	280.09	222	152.16	109.2
Other Current Assets	215.2	86.71	110.93	148.08	112.34	72.19
Total Current Assets	1,448	1,414	1,728	1,188	966.57	945.08
Property, Plant & Equipment	173.26	176.72	178.18	180.02	153.95	127.25
Long-Term Investments	142.97	137.97	35.28	288.91	273.13	19.37
Other Intangible Assets	14.27	14.71	15.54	14.56	15.22	16.09
Long-Term Accounts Receivable	-	308.62	76.88	3.73	-	-
Long-Term Deferred Tax Assets	63.05	63.21	66.02	64.33	61.76	60.78
Long-Term Deferred Charges	1.07	1.24	0.92	1.08	0.35	0.47
Other Long-Term Assets	293.61	-	-	-	-	4
Total Assets	2,136	2,117	2,101	1,741	1,471	1,173
Accounts Payable	299.6	376.94	404.83	266.69	229.37	246.05
Accrued Expenses	19.62	38.24	49.79	36.72	21.63	26.03
Short-Term Debt	26.75	51.94	83.93	95.82	41.6	228.14
Current Portion of Long-Term Debt	28.55	15.67	27.08	2.96	19.62	0.42
Current Portion of Leases	-	2.5	2.8	4.28	1.09	0.51
Current Income Taxes Payable	4.67	6.7	8.1	0	0.17	0.68
Current Unearned Revenue	432.48	297.35	216.52	164.87	139.11	73.85
Other Current Liabilities	59.27	74.92	81.27	81.68	35.37	45.03
Total Current Liabilities	870.94	864.24	874.33	653.03	487.95	620.71
Long-Term Debt	66.8	66.8	82.4	55.65	-	19.6
Long-Term Leases	1.13	1.1	2.4	4.97	5.19	0.09
Long-Term Deferred Tax Liabilities	3.4	3.73	3.82	3.28	2.16	0.84
Other Long-Term Liabilities	24.33	24.08	18.12	3.88	-	-
Total Liabilities	966.6	959.95	981.06	720.82	495.3	641.24
Common Stock	229.56	229.56	165.38	164.78	160.69	124.69
Additional Paid-In Capital	753.72	753.72	844.61	830.79	791.14	341.76
Retained Earnings	171.47	159.18	107.29	34.92	2.28	27.37
Treasury Stock	-31.44	-31.44	-44.92	-39.24	-	-
Comprehensive Income & Other	21.5	21.27	22.37	20.29	13.45	12.2
Total Common Equity	1,145	1,132	1,095	1,012	967.56	506.02
Minority Interest	24.5	24.64	25.04	8.25	8.12	25.78
Shareholders' Equity	1,169	1,157	1,120	1,020	975.68	531.8
Total Liabilities & Equity	2,136	2,117	2,101	1,741	1,471	1,173
Total Debt	123.23	137.99	198.62	163.69	67.49	248.76
Net Cash (Debt)	285.64	268.04	545.91	-42.2	100.77	-155.35
Net Cash Growth	-25.05%	-50.90%	-	-	-	-
Net Cash Per Share	1.18	1.18	3.40	-0.19	0.46	-0.89
Filing Date Shares Outstanding	229.67	229.56	231.53	230.7	224.97	224.97
Total Common Shares Outstanding	229.67	229.56	231.53	230.7	224.97	174.57
Working Capital	576.72	550.16	853.68	534.96	478.62	324.37
Book Value Per Share	4.98	4.93	4.73	4.38	4.30	2.90
Tangible Book Value	1,131	1,118	1,079	997	952.34	489.93
Tangible Book Value Per Share	4.92	4.87	4.66	4.32	4.23	2.81
Buildings	-	109.07	109.04	108.68	104.47	103.21
Machinery	-	126.33	118.19	98.23	51.88	52.09
Construction In Progress	2.08	2.08	-	9.74	26.72	-

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