SHE:301005 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	104.44	103.25	62.63	28.51	56.84	44.49
Trading Asset Securities	77.94	80.3	108.53	206.22	202.92	345.23
Cash & Short-Term Investments	182.38	183.55	171.16	234.74	259.76	389.72
Cash Growth	41.18%	7.24%	-27.08%	-9.63%	-33.35%	902.47%
Accounts Receivable	344.44	408.97	257.92	212.51	200.68	117.92
Other Receivables	1.81	1.75	11.9	11.75	15.62	18.28
Receivables	346.25	410.72	269.82	224.26	216.3	136.21
Inventory	282.71	259.54	235.24	169.33	155.99	113.81
Prepaid Expenses	-	-	-	-	0.8	-
Other Current Assets	21.75	12.64	8.42	5.13	30.2	1.97
Total Current Assets	833.11	866.45	684.64	633.46	663.06	641.71
Property, Plant & Equipment	412.83	423.29	444.84	431.07	347.02	189.89
Goodwill	5.74	5.74	10.4	15.41	47.78	-
Other Intangible Assets	40.24	40.11	42.28	43.26	45.08	31.44
Long-Term Deferred Tax Assets	16	17.56	6.45	4.97	5.25	2
Long-Term Deferred Charges	11	8.33	11.21	10.21	3.74	2.48
Other Long-Term Assets	4.43	4.04	3.3	3.07	23.19	12.79
Total Assets	1,323	1,366	1,203	1,141	1,135	880.31
Accounts Payable	282.69	329.71	228.69	148.17	143.57	80.5
Accrued Expenses	15.71	23.25	24.75	20.99	18.68	14.21
Short-Term Debt	184.09	174.09	138.11	90.09	55.05	5.01
Current Portion of Long-Term Debt	4.97	14.8	0.21	-	-	-
Current Portion of Leases	-	-	5.91	5.33	3.88	0.65
Current Income Taxes Payable	2.26	9.2	0.75	0.97	1.89	1.56
Current Unearned Revenue	5.31	0.97	0.71	1.01	0.56	0.77
Other Current Liabilities	13.15	10.75	17.59	16.9	20.5	0.44
Total Current Liabilities	508.18	562.78	416.72	283.47	244.12	103.14
Long-Term Debt	8	8	9.8	-	-	-
Long-Term Leases	19.32	20.57	21.15	23.94	21.71	3.19
Long-Term Unearned Revenue	1.14	1.18	1.35	-	-	-
Long-Term Deferred Tax Liabilities	0.16	0.2	0.77	1.96	1.32	-
Other Long-Term Liabilities	-	-	0.58	-	-	-
Total Liabilities	536.79	592.72	450.36	309.37	267.16	106.34
Common Stock	134.26	134.27	134.86	104.5	104.16	57.13
Additional Paid-In Capital	451.74	451.8	446.25	500.63	503.95	531.76
Retained Earnings	240.61	226.38	216.74	216.28	218.66	185.08
Treasury Stock	-44.87	-44.93	-50.47	-25.6	-15.6	-
Total Common Equity	781.74	767.51	747.39	795.8	811.17	773.97
Minority Interest	4.81	5.29	5.39	36.29	56.8	-
Shareholders' Equity	786.55	772.8	752.78	832.08	867.96	773.97
Total Liabilities & Equity	1,323	1,366	1,203	1,141	1,135	880.31
Total Debt	216.38	217.45	175.17	119.35	80.63	8.85
Net Cash (Debt)	-33.99	-33.9	-4.01	115.38	179.12	380.87
Net Cash Growth	-	-	-	-35.58%	-52.97%	3427.58%
Net Cash Per Share	-0.25	-0.25	-0.03	0.83	1.33	3.24
Filing Date Shares Outstanding	129.35	136.14	133.45	134.57	135.41	133.68
Total Common Shares Outstanding	129.35	136.14	133.45	135.85	135.41	133.68
Working Capital	324.93	303.68	267.93	349.99	418.94	538.56
Book Value Per Share	6.04	5.64	5.60	5.86	5.99	5.79
Tangible Book Value	735.76	721.66	694.7	737.13	718.3	742.53
Tangible Book Value Per Share	5.69	5.30	5.21	5.43	5.30	5.55
Buildings	-	-	238.22	217.93	163.74	14.51
Machinery	-	-	314.23	278.01	14.14	113.46
Construction In Progress	-	-	17.73	25.56	40.24	130.85

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