SHE:301011 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	165.97	242.23	168.71	159.11	78.21	124.72
Trading Asset Securities	25	0.87	-	-	-	-
Cash & Short-Term Investments	190.97	243.1	168.71	159.11	78.21	124.72
Cash Growth	58.18%	44.09%	6.03%	103.45%	-37.29%	172.28%
Accounts Receivable	285.77	295.51	293.85	256.21	280.02	276.85
Other Receivables	14.34	16.92	16.54	11.79	22.34	22.76
Receivables	300.1	312.43	310.4	268	302.35	299.6
Inventory	342.84	323.12	267.32	265.46	269.43	243.87
Other Current Assets	82.31	61.87	42.14	34.99	43.19	26.77
Total Current Assets	916.22	940.51	788.57	727.56	693.17	694.96
Property, Plant & Equipment	458.39	448.22	395.5	328.94	336.95	355.13
Long-Term Investments	0.99	0.82	1.07	-	-	2.85
Goodwill	13.7	13.7	15.54	-	-	45.78
Other Intangible Assets	62.72	63.84	29.75	31.79	33.69	31.04
Long-Term Deferred Tax Assets	35.41	34.99	30.81	25.87	32.75	29.94
Long-Term Deferred Charges	34.61	36.45	27.55	32.08	43.7	38.94
Other Long-Term Assets	3.6	14.7	17.72	12.85	13.1	14.61
Total Assets	1,526	1,553	1,307	1,159	1,153	1,213
Accounts Payable	154.69	191.51	189.91	187.12	194.8	219
Accrued Expenses	9.21	19.83	26.18	20.93	14.39	12.14
Short-Term Debt	107.45	90.67	40.03	30.03	95.36	19.34
Current Portion of Long-Term Debt	27.9	-	-	38.78	23.4	20.48
Current Portion of Leases	-	27.79	23.74	18.58	27.35	29.09
Current Income Taxes Payable	7.64	6.66	7.71	4.04	-	6.94
Current Unearned Revenue	35.41	27.51	57.29	38.42	23.19	21.17
Other Current Liabilities	143.74	139.65	116.74	69.03	43.36	32.37
Total Current Liabilities	486.05	503.64	461.59	406.93	421.86	360.54
Long-Term Debt	-	-	-	6.55	40.77	54.08
Long-Term Leases	88.5	90.99	95.69	54.99	53.15	75.96
Total Liabilities	574.54	594.63	557.28	468.47	515.78	490.57
Common Stock	154.35	154.18	146.69	146.69	112.84	86.8
Additional Paid-In Capital	512.08	507.06	342.91	340.79	374.64	400.68
Retained Earnings	286.81	297.3	257.59	202.28	150.32	238.89
Comprehensive Income & Other	-2.41	-0.25	2.04	0.86	-0.22	-3.7
Total Common Equity	950.84	958.29	749.23	690.61	637.58	722.67
Minority Interest	0.26	0.32	-	-	-	-
Shareholders' Equity	951.1	958.61	749.23	690.61	637.58	722.67
Total Liabilities & Equity	1,526	1,553	1,307	1,159	1,153	1,213
Total Debt	223.85	209.45	159.46	148.93	240.04	198.95
Net Cash (Debt)	-32.88	33.64	9.25	10.18	-161.84	-74.24
Net Cash Growth	-	263.80%	-9.13%	-	-	-
Net Cash Per Share	-0.22	0.23	0.06	0.07	-1.11	-0.58
Filing Date Shares Outstanding	149.75	154.18	146.69	146.69	146.69	146.69
Total Common Shares Outstanding	149.75	154.18	146.69	146.69	146.69	146.69
Working Capital	430.18	436.87	326.97	320.63	271.32	334.42
Book Value Per Share	6.35	6.22	5.11	4.71	4.35	4.93
Tangible Book Value	874.42	880.75	703.94	658.83	603.89	645.85
Tangible Book Value Per Share	5.84	5.71	4.80	4.49	4.12	4.40
Buildings	-	145.09	145.09	145.09	145.09	145.09
Machinery	-	466.66	370.94	362.37	331.1	286.81
Construction In Progress	-	-	15.04	-	0.65	0.62

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