SHE:301008 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	503.95	596.36	537.93	794.15	382.97	440.34
Trading Asset Securities	241.99	312.95	239.58	81	80.56	110.16
Cash & Short-Term Investments	745.94	909.31	777.51	875.15	463.53	550.5
Cash Growth	-14.87%	16.95%	-11.16%	88.80%	-15.80%	1071.60%
Accounts Receivable	583.16	490.33	579.82	555.32	581.11	449.72
Other Receivables	3.56	3.21	2.89	0.95	0.21	0.46
Receivables	586.72	493.53	582.71	556.28	581.32	450.18
Inventory	196.48	191.27	152.23	149.94	125.56	123.52
Other Current Assets	10.38	7.58	4.65	3.15	3.48	1.58
Total Current Assets	1,540	1,602	1,517	1,585	1,174	1,126
Property, Plant & Equipment	459.51	472.8	435.21	355.3	251.13	207.45
Long-Term Investments	115.12	68.5	-	-	-	-
Goodwill	-	-	13.59	-	-	-
Other Intangible Assets	64.14	64.23	64.53	64.73	64.26	31.77
Long-Term Deferred Tax Assets	6.24	5.88	6.24	6.38	6.49	5.14
Long-Term Deferred Charges	18.04	19.92	5.15	3.28	2.16	1.82
Other Long-Term Assets	5.79	4.45	9.84	7.28	6.36	6.65
Total Assets	2,208	2,237	2,052	2,021	1,504	1,379
Accounts Payable	512.09	572.05	475.12	367.13	357.78	340.64
Accrued Expenses	23.22	42.12	39.66	33.11	28.48	25.54
Short-Term Debt	103.66	60.63	30.03	115.24	63.75	39.55
Current Portion of Leases	-	1.38	1.72	1.33	2.04	-
Current Income Taxes Payable	9.26	4.55	2.3	6.24	1.73	2.57
Current Unearned Revenue	2.91	2.14	2.66	1.99	1.06	2.53
Other Current Liabilities	20.54	20.36	14.22	9.79	5.28	2.22
Total Current Liabilities	672.86	703.24	565.7	534.82	460.13	413.06
Long-Term Debt	-	-	333.48	326.16	-	-
Long-Term Leases	0.61	1.45	3.7	4.38	5.71	-
Long-Term Unearned Revenue	22.19	23.67	18.04	19.19	8.02	5.98
Long-Term Deferred Tax Liabilities	0.01	-	0.34	-	1.49	-
Total Liabilities	695.67	728.36	921.26	884.56	475.34	419.04
Common Stock	130.96	130.96	111.93	80	80	66.67
Additional Paid-In Capital	1,089	1,086	695.99	719.59	721.33	732.92
Retained Earnings	306.7	305.27	283.71	278.68	224.77	157.5
Treasury Stock	-24.77	-24.77	-24.77	-	-	-
Comprehensive Income & Other	7.78	7.31	57.45	55.66	-	-
Total Common Equity	1,509	1,505	1,124	1,134	1,026	957.09
Minority Interest	3.49	3.93	6.08	3	2.86	2.49
Shareholders' Equity	1,513	1,509	1,130	1,137	1,029	959.58
Total Liabilities & Equity	2,208	2,237	2,052	2,021	1,504	1,379
Total Debt	105.44	63.47	368.93	447.11	71.5	39.55
Net Cash (Debt)	640.5	845.84	408.58	428.04	392.03	510.95
Net Cash Growth	36.78%	107.02%	-4.55%	9.19%	-23.27%	3006.22%
Net Cash Per Share	5.07	6.95	3.66	3.84	3.50	5.23
Filing Date Shares Outstanding	129.39	129.76	110.73	112	112	112
Total Common Shares Outstanding	129.39	129.76	110.73	112	112	112
Working Capital	866.66	898.44	951.4	1,050	713.77	712.73
Book Value Per Share	11.66	11.60	10.15	10.12	9.16	8.55
Tangible Book Value	1,445	1,441	1,046	1,069	961.84	925.32
Tangible Book Value Per Share	11.17	11.10	9.45	9.55	8.59	8.26
Buildings	-	274.16	274.16	174.2	150.64	98.67
Machinery	-	375.32	319.91	249.82	191.7	162.28
Construction In Progress	-	76.95	42.52	90.23	33.75	49.56

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