SHE:300865 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	74.58	133.25	312.58	266.73	142.1	105.86
Short-Term Investments	-	-	-	40.08	30.03	-
Trading Asset Securities	284.45	224.31	8.1	84.29	155.26	255.57
Cash & Short-Term Investments	359.03	357.57	320.68	391.11	327.39	361.44
Cash Growth	48.49%	11.50%	-18.01%	19.46%	-9.42%	-32.73%
Accounts Receivable	106.77	104.14	142.2	195.19	224.08	166.63
Other Receivables	2.24	1.71	3.35	5.22	5.16	5.87
Receivables	109.01	105.85	145.55	200.4	229.24	172.5
Inventory	199.45	175.53	170.37	218.31	371.36	295.84
Other Current Assets	53.34	49.03	13.49	6.77	16.26	18.29
Total Current Assets	720.83	687.97	650.09	816.59	944.25	848.07
Property, Plant & Equipment	280.22	283.13	288.3	276.74	241.83	214.68
Long-Term Investments	73.14	42.95	42.56	21.75	2.97	2.97
Other Intangible Assets	34.58	34.84	34.1	34.99	35.91	36.71
Long-Term Deferred Tax Assets	12.98	14.89	14.75	15.2	7.74	5.99
Other Long-Term Assets	1.6	1.6	0.85	0.16	-	0.09
Total Assets	1,123	1,065	1,031	1,165	1,233	1,109
Accounts Payable	71.71	53.4	39.71	83.56	66.13	40.2
Accrued Expenses	5.11	13.65	14.07	16.88	19.25	35.04
Short-Term Debt	-	-	10.01	18.56	-	-
Current Portion of Long-Term Debt	-	-	-	27.03	3	-
Current Portion of Leases	0.43	0.42	0.33	0.58	0.89	0.42
Current Income Taxes Payable	0.53	0.06	0.01	0	0.05	0.01
Current Unearned Revenue	104.93	72.85	46.69	97.75	138.64	94.25
Other Current Liabilities	51.24	45.63	42.93	40.85	57.05	31.49
Total Current Liabilities	233.94	186	153.76	285.21	285.02	201.41
Long-Term Debt	-	-	-	-	27.04	-
Long-Term Leases	0.47	0.5	0.41	0.14	0.76	0.31
Long-Term Unearned Revenue	0.75	0.78	0.9	2.68	6.37	3.21
Long-Term Deferred Tax Liabilities	4.52	4.92	3.24	2.88	2.9	1.86
Other Long-Term Liabilities	10.98	11.01	12.72	8.43	4.78	7.02
Total Liabilities	250.67	203.21	171.04	299.34	326.86	213.8
Common Stock	95.68	95.68	95.68	95.68	95.68	95.68
Additional Paid-In Capital	493.27	493.27	493.27	493.27	493.27	493.27
Retained Earnings	275.98	265.36	262.71	269.11	308.53	297.54
Comprehensive Income & Other	7.73	7.79	7.95	8.03	8.35	8.2
Total Common Equity	872.67	862.1	859.61	866.09	905.83	894.7
Minority Interest	0.02	0.06	-	-	-	-
Shareholders' Equity	872.69	862.16	859.61	866.09	905.83	894.7
Total Liabilities & Equity	1,123	1,065	1,031	1,165	1,233	1,109
Total Debt	0.9	0.92	10.75	46.31	31.69	0.74
Net Cash (Debt)	358.13	356.65	309.93	344.79	295.7	360.7
Net Cash Growth	48.74%	15.07%	-10.11%	16.60%	-18.02%	-32.87%
Net Cash Per Share	3.74	3.72	3.24	3.60	3.09	3.77
Filing Date Shares Outstanding	95.68	95.68	95.68	95.68	95.68	95.68
Total Common Shares Outstanding	95.68	95.68	95.68	95.68	95.68	95.68
Working Capital	486.88	501.96	496.33	531.38	659.23	646.66
Book Value Per Share	9.12	9.01	8.98	9.05	9.47	9.35
Tangible Book Value	838.09	827.26	825.51	831.1	869.92	858
Tangible Book Value Per Share	8.76	8.65	8.63	8.69	9.09	8.97
Buildings	-	306.47	303.13	255.72	104.41	104.06
Machinery	-	113.64	99.61	80.45	78.77	69.02
Construction In Progress	-	0.68	2.63	41.27	148.77	123.46