SHE:300946 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	171.82	140.39	115.54	117.23	124.2	73.35
Short-Term Investments	-	-	-	-	-	120
Trading Asset Securities	45.15	-	-	50.11	107.07	248.15
Cash & Short-Term Investments	216.96	140.39	115.54	167.34	231.27	441.49
Cash Growth	44.98%	21.51%	-30.95%	-27.64%	-47.62%	474.00%
Accounts Receivable	248.17	224.64	193.64	192.58	177.48	175.01
Other Receivables	0.85	1.08	0.37	0.15	0.13	-
Receivables	249.02	225.73	194.01	192.74	177.61	175.01
Inventory	378.4	377.8	375.15	323.01	262.4	217.23
Other Current Assets	29.97	29.4	25.13	38.64	44.99	28.01
Total Current Assets	874.36	773.32	709.83	721.72	716.27	861.75
Property, Plant & Equipment	753.88	739.14	711.13	667.27	438.46	212.75
Other Intangible Assets	107.8	109.18	50.16	50.05	51.3	52.34
Long-Term Deferred Tax Assets	0.58	0.6	0.37	0.35	3.29	2.79
Long-Term Deferred Charges	6.7	6.77	3.96	3.54	2.15	1.37
Other Long-Term Assets	4.3	3.64	6.56	10.77	22.19	21.43
Total Assets	1,748	1,633	1,482	1,454	1,234	1,152
Accounts Payable	103.97	113.04	141.31	170.07	111.25	111.28
Accrued Expenses	9.6	16.23	27.68	27.82	25.05	22.6
Short-Term Debt	198.56	163.44	37.5	52.42	15.76	11.67
Current Portion of Long-Term Debt	20.4	20.01	11.66	7.15	1.56	-
Current Portion of Leases	-	-	-	-	-	0.06
Current Income Taxes Payable	8.77	5.12	3.42	0.01	0	3.48
Current Unearned Revenue	23.37	11.35	9.53	9.13	2.15	3.05
Other Current Liabilities	83.59	18.6	1.36	2.02	1.44	5.17
Total Current Liabilities	448.25	347.8	232.46	268.62	157.22	157.31
Long-Term Debt	81.64	80.43	56.69	52.24	13.89	-
Long-Term Unearned Revenue	18.95	19.51	6.43	3.47	1.6	1.96
Long-Term Deferred Tax Liabilities	1.03	1.29	5.87	8.44	-	-
Total Liabilities	549.88	449.03	301.45	332.76	172.7	159.27
Common Stock	156.01	156.01	120.01	120.01	120.01	66.67
Additional Paid-In Capital	560.33	558.36	594.36	594.36	594.36	647.7
Retained Earnings	479.91	465.55	465.42	405.71	346.03	278.79
Comprehensive Income & Other	-1.33	0.88	-	-	-	-
Total Common Equity	1,195	1,181	1,180	1,120	1,060	993.15
Minority Interest	2.81	2.82	0.77	0.86	0.56	-
Shareholders' Equity	1,198	1,184	1,181	1,121	1,061	993.15
Total Liabilities & Equity	1,748	1,633	1,482	1,454	1,234	1,152
Total Debt	300.6	263.88	105.84	111.81	31.2	11.73
Net Cash (Debt)	-83.64	-123.49	9.69	55.52	200.06	429.76
Net Cash Growth	-	-	-82.55%	-72.25%	-53.45%	1058.54%
Net Cash Per Share	-0.54	-0.80	0.06	0.36	1.28	2.89
Filing Date Shares Outstanding	159.6	142.18	156.01	156.01	156.01	156.01
Total Common Shares Outstanding	159.6	142.18	156.01	156.01	156.01	156.01
Working Capital	426.1	425.52	477.37	453.1	559.05	704.44
Book Value Per Share	7.49	8.31	7.56	7.18	6.80	6.37
Tangible Book Value	1,087	1,072	1,130	1,070	1,009	940.82
Tangible Book Value Per Share	6.81	7.54	7.24	6.86	6.47	6.03
Buildings	-	-	268.65	263.03	90.18	34.94
Machinery	-	-	482.05	359.65	270.89	196.06
Construction In Progress	-	-	151.86	196.67	203.68	87.99

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