SHE:301002 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	74.79	105.73	78.81	72.28	246.94	73.73
Short-Term Investments	-	-	220.19	303	150	160
Trading Asset Securities	-	-	12.04	-	100.17	40.07
Cash & Short-Term Investments	74.79	105.73	311.04	375.28	497.11	273.8
Cash Growth	25.37%	-66.01%	-17.12%	-24.51%	81.56%	235.49%
Accounts Receivable	416.26	436.8	319	276.98	355.15	424.87
Other Receivables	8.48	9.22	17.48	18.24	20.15	20.22
Receivables	424.74	446.02	336.48	295.22	375.3	445.09
Inventory	164.21	150.13	134.13	109.16	102.36	170.83
Other Current Assets	158.11	160.72	48.48	23.98	23.09	5.38
Total Current Assets	821.85	862.59	830.14	803.63	997.87	895.09
Property, Plant & Equipment	616.42	622.48	633.74	615.81	585.89	239.93
Long-Term Investments	33.9	22.97	-	-	-	-
Other Intangible Assets	29.04	29.74	30.4	32.61	24.82	27.25
Long-Term Deferred Tax Assets	17.83	17.75	11.98	10.02	7.36	6.6
Long-Term Deferred Charges	2.59	2.67	3.92	5.25	7.2	5.71
Other Long-Term Assets	4.41	1.75	5.19	7.29	1.9	5.81
Total Assets	1,526	1,560	1,515	1,475	1,625	1,180
Accounts Payable	245.01	272.94	276.62	187.89	201.25	241.73
Accrued Expenses	18.54	21.11	24.47	17.53	14.1	14.29
Short-Term Debt	77.25	67.66	12	40.02	135.83	102.13
Current Portion of Long-Term Debt	0.19	0.18	17.43	17.44	18.52	-
Current Portion of Leases	-	-	0.18	2.16	4.66	11.42
Current Income Taxes Payable	4.24	8.55	1	0.05	-	5.51
Current Unearned Revenue	2.71	8.92	3.86	1.81	4.58	6.16
Other Current Liabilities	69.6	85.43	52.95	49.14	70.34	40.92
Total Current Liabilities	417.52	464.79	388.51	316.04	449.28	422.16
Long-Term Debt	-	264.99	321.71	323.24	320.38	-
Long-Term Leases	1.63	1.68	1.87	-	2.17	8.62
Long-Term Unearned Revenue	27.78	27.26	25.21	17	2.47	1.88
Long-Term Deferred Tax Liabilities	0.26	0.51	0.31	0.32	0.03	0.01
Other Long-Term Liabilities	13.06	13.06	6.36	3.36	3.11	3.36
Total Liabilities	460.25	772.3	743.97	659.97	777.44	436.02
Common Stock	134.94	124.06	122.88	122.88	122.88	94.52
Additional Paid-In Capital	770.61	486.15	454.95	457.56	442.53	470.89
Retained Earnings	191.1	175.85	174.63	200.81	238.02	178.96
Comprehensive Income & Other	0.05	30.08	44.21	44.17	44.17	-
Total Common Equity	1,097	816.14	796.66	825.42	847.6	744.37
Minority Interest	-30.91	-28.49	-25.26	-10.77	-	-
Shareholders' Equity	1,066	787.65	771.4	814.65	847.6	744.37
Total Liabilities & Equity	1,526	1,560	1,515	1,475	1,625	1,180
Total Debt	79.07	334.52	353.18	382.86	481.57	122.16
Net Cash (Debt)	-4.27	-228.79	-42.14	-7.58	15.54	151.63
Net Cash Growth	-	-	-	-	-89.75%	85.80%
Net Cash Per Share	-0.03	-1.73	-0.33	-0.06	0.12	1.41
Filing Date Shares Outstanding	127.45	182.84	122.88	122.88	122.88	122.88
Total Common Shares Outstanding	127.45	182.84	122.88	122.88	122.88	122.88
Working Capital	404.32	397.8	441.63	487.58	548.59	472.94
Book Value Per Share	8.60	4.46	6.48	6.72	6.90	6.06
Tangible Book Value	1,068	786.4	766.27	792.8	822.78	717.12
Tangible Book Value Per Share	8.38	4.30	6.24	6.45	6.70	5.84
Buildings	-	-	664.18	336.08	326.21	-
Machinery	-	-	49.05	132.26	116.32	111.81
Construction In Progress	-	-	0.1	202.09	173.47	134.01

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