SHE:301007 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	220.43	157.19	174.92	109.07	111.88	63.83
Cash & Short-Term Investments	220.43	157.19	174.92	109.07	111.88	63.83
Cash Growth	22.33%	-10.14%	60.37%	-2.51%	75.28%	72.05%
Accounts Receivable	177.91	184.69	194.81	213.25	180.48	132.63
Other Receivables	-	0.94	0.08	1.39	2.55	0.33
Receivables	177.91	185.63	194.89	214.63	183.04	132.96
Inventory	139.6	131.3	121.38	121.36	108.49	112.39
Other Current Assets	11.51	7.98	6.59	6.44	5.95	11.78
Total Current Assets	549.45	482.09	497.78	451.51	409.37	320.96
Property, Plant & Equipment	437.34	447.78	465.74	471.07	442.8	419.44
Long-Term Investments	12.5	12.5	-	-	-	-
Goodwill	50.77	50.77	50.77	50.77	50.77	50.77
Other Intangible Assets	18.01	18.19	18.4	14.5	15	15.5
Long-Term Accounts Receivable	0.03	0.12	0.47	-	-	-
Long-Term Deferred Tax Assets	0.17	0.2	0.21	0.18	7.18	6.72
Long-Term Deferred Charges	0.86	0.91	1.12	5.07	4.98	2.42
Other Long-Term Assets	13.14	10.93	7.59	2.34	2.51	3.26
Total Assets	1,082	1,023	1,042	995.45	932.62	819.07
Accounts Payable	178.65	189.64	200.47	214.73	182.92	105.44
Accrued Expenses	4.99	6.95	9.36	9.64	10.61	6.96
Short-Term Debt	190.12	125.08	120.34	83.54	81	91
Current Portion of Leases	0.39	1.15	1.1	-	-	-
Current Income Taxes Payable	2.55	0.43	-	-	0.01	0.06
Current Unearned Revenue	0.28	0.22	0.21	0.05	0.26	0.48
Other Current Liabilities	5.42	7.51	6.17	6.2	2.36	1.69
Total Current Liabilities	382.39	330.99	337.65	314.16	277.17	205.64
Long-Term Leases	0.44	1.55	2.43	-	-	-
Long-Term Unearned Revenue	23.8	24.66	16.08	18.51	20.49	13.87
Long-Term Deferred Tax Liabilities	17.51	17.02	15.24	10.81	13.35	9.53
Total Liabilities	424.15	374.23	371.4	343.49	311	229.04
Common Stock	153.34	153.34	153.34	153.34	153.34	153.34
Additional Paid-In Capital	195.87	195.87	195.87	195.87	195.87	195.87
Retained Earnings	359.02	350.15	321.47	302.76	272.41	240.82
Treasury Stock	-50.1	-50.1	-	-	-	-
Shareholders' Equity	658.12	649.26	670.68	651.96	621.62	590.03
Total Liabilities & Equity	1,082	1,023	1,042	995.45	932.62	819.07
Total Debt	190.95	127.79	123.86	83.54	81	91
Net Cash (Debt)	29.48	29.4	51.06	25.53	30.88	-27.17
Net Cash Growth	-48.03%	-42.41%	99.96%	-17.32%	-	-
Net Cash Per Share	0.20	0.19	0.33	0.17	0.20	-0.20
Filing Date Shares Outstanding	153.34	153.34	153.34	153.34	153.34	153.34
Total Common Shares Outstanding	153.34	153.34	153.34	153.34	153.34	153.34
Working Capital	167.06	151.1	160.13	137.35	132.2	115.32
Book Value Per Share	4.29	4.23	4.37	4.25	4.05	3.85
Tangible Book Value	589.34	580.3	601.5	586.69	555.84	523.76
Tangible Book Value Per Share	3.84	3.78	3.92	3.83	3.62	3.42
Buildings	-	202.36	202.36	199.96	193.66	189.25
Machinery	-	685.92	657.63	631.74	551.61	486.72
Construction In Progress	-	9.64	9.63	16.01	29.45	8.27

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