SHE:301004 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	593.21	513.83	653.92	602.19	443.23	273.58
Trading Asset Securities	398.21	447.25	264.78	91.08	34.13	49.9
Cash & Short-Term Investments	991.42	961.08	918.71	693.27	477.36	323.48
Cash Growth	-5.01%	4.61%	32.52%	45.23%	47.57%	82.98%
Accounts Receivable	252.46	218.16	421.16	165.12	119.64	60.56
Other Receivables	4.51	3.39	28.26	12.77	17.35	10.19
Receivables	256.97	221.55	449.42	177.88	136.99	70.75
Inventory	280.12	301.92	407.67	175.89	149.59	112.72
Other Current Assets	18.48	36.3	47.67	22.7	27.04	10.93
Total Current Assets	1,547	1,521	1,823	1,070	790.99	517.88
Property, Plant & Equipment	935.82	941.09	842.05	417.61	277.74	160.07
Long-Term Investments	1.05	1.08	1.01	1.09	1.09	1.14
Other Intangible Assets	104.04	105.4	114.76	117.67	44.74	47.91
Long-Term Deferred Tax Assets	0.66	0.66	13.47	10.12	8.81	1.5
Long-Term Deferred Charges	29.87	31.15	18.44	5.98	2.75	4.12
Other Long-Term Assets	4.76	3.65	25.02	21.18	5.74	4.5
Total Assets	2,623	2,604	2,838	1,643	1,132	737.12
Accounts Payable	184.54	215.31	360.3	164.78	144.71	66.75
Accrued Expenses	67.78	79.73	77.01	81.4	58.74	33.45
Short-Term Debt	80.64	88.41	28.93	30.03	-	-
Current Portion of Long-Term Debt	3.37	3.33	-	-	-	-
Current Portion of Leases	-	-	12.57	0.72	0.38	0.19
Current Income Taxes Payable	18.69	16.44	30.48	20.77	12.85	7.29
Current Unearned Revenue	19.68	11.67	7.09	5.85	5.49	18.68
Other Current Liabilities	2.09	2.86	17.11	30.49	37.64	1.55
Total Current Liabilities	376.78	417.75	533.48	334.04	259.8	127.9
Long-Term Debt	349.34	343.67	324.75	-	-	-
Long-Term Leases	0.27	0.38	13.24	0.42	0.5	0.13
Long-Term Unearned Revenue	18.61	7.62	2.03	2.65	3.52	4.4
Long-Term Deferred Tax Liabilities	24.98	26.46	-	-	-	-
Total Liabilities	769.99	795.88	873.49	337.12	263.82	132.43
Common Stock	145.81	145.81	103.87	104	103.2	100
Additional Paid-In Capital	353.36	354.82	372.6	326.25	266.13	213.73
Retained Earnings	1,470	1,408	1,427	901.54	533.5	291.6
Treasury Stock	-130.46	-130.46	-10.25	-27.12	-34.88	-
Comprehensive Income & Other	14.98	29.75	71.65	1.62	0.08	-1
Total Common Equity	1,853	1,808	1,965	1,306	868.04	604.34
Minority Interest	-	-	-	-	-	0.35
Shareholders' Equity	1,853	1,808	1,965	1,306	868.04	604.69
Total Liabilities & Equity	2,623	2,604	2,838	1,643	1,132	737.12
Total Debt	433.62	435.79	379.48	31.17	0.88	0.32
Net Cash (Debt)	557.8	525.29	539.23	662.1	476.48	323.17
Net Cash Growth	-15.96%	-2.59%	-18.56%	38.95%	47.44%	82.80%
Net Cash Per Share	3.84	3.63	3.73	4.65	3.40	2.64
Filing Date Shares Outstanding	146.23	146.65	145.42	145.6	141.01	140
Total Common Shares Outstanding	146.23	146.65	145.42	145.6	141.01	140
Working Capital	1,170	1,103	1,290	735.7	531.19	389.98
Book Value Per Share	12.67	12.33	13.51	8.97	6.16	4.32
Tangible Book Value	1,749	1,703	1,850	1,189	823.3	556.43
Tangible Book Value Per Share	11.96	11.61	12.72	8.16	5.84	3.97
Buildings	-	-	364.34	218.29	180.15	62.15
Machinery	-	-	463.74	211.32	145.93	98.66
Construction In Progress	-	-	98.94	73.68	17.08	60.03

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