SHE:300927 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	412.78	424.09	675.81	322.4	304.83	185.44
Trading Asset Securities	150	-	-	-	-	112
Cash & Short-Term Investments	562.78	424.09	675.81	322.4	304.83	297.44
Cash Growth	35.54%	-37.25%	109.62%	5.76%	2.48%	4.40%
Accounts Receivable	256.63	285.4	195.4	98.32	99.84	100.65
Other Receivables	4.18	4.79	22.01	4.93	1.7	-
Receivables	260.81	290.19	217.42	103.25	101.54	100.65
Inventory	180.71	137.74	268.02	47.12	52.58	40.6
Prepaid Expenses	-	-	-	-	0	-
Other Current Assets	86.12	56.81	4.13	2.01	3.04	2.38
Total Current Assets	1,090	908.83	1,165	474.78	462	441.07
Property, Plant & Equipment	875.35	875.5	793.2	352.27	291.53	306.39
Long-Term Investments	46.86	46.86	45.94	35.79	23.03	13.01
Other Intangible Assets	132.77	134.13	126.01	104.16	12.91	13.32
Long-Term Deferred Tax Assets	55.38	55.51	2.22	1.82	1.62	0.88
Long-Term Deferred Charges	1.09	1.26	0.71	-	-	1.29
Other Long-Term Assets	88.87	80.07	65.63	31.71	3.18	0.82
Total Assets	2,291	2,102	2,199	1,001	794.28	776.79
Accounts Payable	359	348.15	269.74	120.61	49.9	50.47
Accrued Expenses	12.83	19.07	20.76	16.5	13.45	14.63
Short-Term Debt	50.03	50.03	80.06	50.04	-	-
Current Portion of Long-Term Debt	57.57	47.16	-	-	21.5	26
Current Portion of Leases	-	-	0.57	-	-	-
Current Income Taxes Payable	54.7	56.35	3.15	4	3.86	2.68
Current Unearned Revenue	17.54	5.09	2.92	5.22	9.09	6.07
Other Current Liabilities	3.52	2.03	283.85	3.66	3.73	3.14
Total Current Liabilities	555.19	527.87	661.05	200.03	101.53	103
Long-Term Debt	359.8	293.6	255.4	3.39	-	21.5
Long-Term Unearned Revenue	64.63	64.63	64.84	0.27	0.35	0.59
Long-Term Deferred Tax Liabilities	6.05	6.79	6.86	-	-	-
Other Long-Term Liabilities	320.83	239.89	248.07	110.77	55.38	55.38
Total Liabilities	1,306	1,133	1,236	314.46	157.26	180.47
Common Stock	144.36	144.36	144.36	144.36	144.36	80.2
Additional Paid-In Capital	223.2	223.2	223.2	223.2	223.2	287.36
Retained Earnings	614.72	601.83	595.31	318.51	269.45	228.76
Comprehensive Income & Other	1.96	-	-	-	-	-
Shareholders' Equity	984.24	969.39	962.88	686.07	637.01	596.32
Total Liabilities & Equity	2,291	2,102	2,199	1,001	794.28	776.79
Total Debt	467.4	390.79	336.03	53.43	21.5	47.5
Net Cash (Debt)	95.37	33.3	339.78	268.97	283.33	249.94
Net Cash Growth	113.40%	-90.20%	26.33%	-5.07%	13.36%	22.28%
Net Cash Per Share	0.66	0.23	2.35	1.86	1.96	1.73
Filing Date Shares Outstanding	144.31	144.7	144.36	144.36	144.36	144.36
Total Common Shares Outstanding	144.31	144.7	144.36	144.36	144.36	144.36
Working Capital	535.23	380.96	504.32	274.75	360.47	338.08
Book Value Per Share	6.82	6.70	6.67	4.75	4.41	4.13
Tangible Book Value	851.47	835.26	836.86	581.91	624.1	582.99
Tangible Book Value Per Share	5.90	5.77	5.80	4.03	4.32	4.04
Buildings	-	-	263.97	113.67	113.44	111.52
Machinery	-	-	1,380	491.96	487.48	455.43
Construction In Progress	-	-	481.42	128.19	39.32	56.42

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.