SHE:301012 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	562.44	235.01	205.47	333.37	35.27	73.14
Trading Asset Securities	60.21	120.21	110.04	-	-	-
Cash & Short-Term Investments	622.65	355.22	315.51	333.37	35.27	73.14
Cash Growth	116.83%	12.59%	-5.36%	845.28%	-51.78%	50.29%
Accounts Receivable	572.38	512.16	704.93	471.42	300.17	442.41
Other Receivables	12.02	4.19	15.51	4.9	16.47	13.91
Receivables	584.4	516.34	720.44	476.31	316.65	456.32
Inventory	387.7	334.21	320.85	292.56	356.01	177.81
Other Current Assets	95.88	19.59	10.28	2.15	16.85	17.77
Total Current Assets	1,691	1,225	1,367	1,104	724.77	725.05
Property, Plant & Equipment	283.21	222.92	226.51	182.37	152.13	90.23
Long-Term Investments	7.38	7.87	-	-	-	-
Other Intangible Assets	41.33	41.65	42.35	43.61	44.8	24.41
Long-Term Accounts Receivable	-	-	24.79	19.13	6.66	3.42
Long-Term Deferred Tax Assets	6.95	6.43	7.26	5.29	5.38	6.17
Long-Term Deferred Charges	11.13	12	11.8	11.15	11.82	1.35
Other Long-Term Assets	27.95	27.97	7.23	33.63	3.58	5.18
Total Assets	2,069	1,544	1,687	1,400	949.13	855.82
Accounts Payable	143.43	110.12	184.07	110.82	74.59	152.37
Accrued Expenses	2.43	4.58	6.63	4.62	7.42	3.16
Short-Term Debt	615.16	226.55	318.26	145	241.11	125.31
Current Portion of Long-Term Debt	7.01	7.01	2.01	-	-	-
Current Income Taxes Payable	12.42	4.79	3.63	-	0.03	2.45
Current Unearned Revenue	79.8	4.89	1.24	1.57	1.22	6.29
Other Current Liabilities	3.14	1.34	0.21	0.46	0.51	0.84
Total Current Liabilities	863.39	359.27	516.05	262.46	324.87	290.42
Long-Term Debt	-	-	7	-	-	-
Long-Term Unearned Revenue	5.2	5.38	5.29	4.22	0.65	0.64
Long-Term Deferred Tax Liabilities	-	-	0.05	0.05	1.41	0.09
Other Long-Term Liabilities	0.74	0.73	0.08	0.08	0.08	0.08
Total Liabilities	869.32	365.38	528.48	266.81	327.01	291.23
Common Stock	196.96	196.96	142.49	142.49	84	84
Additional Paid-In Capital	714.69	714.69	799.35	799.35	352.88	352.88
Retained Earnings	279.74	259.19	239.88	183.6	185.24	127.7
Treasury Stock	-	-	-30.18	-	-	-
Comprehensive Income & Other	-	-	0.19	0.19	-	-
Total Common Equity	1,191	1,171	1,152	1,126	622.12	564.58
Minority Interest	7.86	7.98	6.82	7.14	-	-
Shareholders' Equity	1,199	1,179	1,159	1,133	622.12	564.58
Total Liabilities & Equity	2,069	1,544	1,687	1,400	949.13	855.82
Total Debt	622.16	233.55	327.27	145	241.11	125.31
Net Cash (Debt)	0.49	121.67	-11.75	188.37	-205.84	-52.17
Net Cash Per Share	0.00	0.62	-0.06	1.05	-1.25	-0.36
Filing Date Shares Outstanding	197.05	197.03	196.96	199.49	164.64	164.64
Total Common Shares Outstanding	197.05	197.03	196.96	199.49	164.64	164.64
Working Capital	827.25	866.1	851.03	841.93	399.89	434.63
Book Value Per Share	6.05	5.94	5.85	5.64	3.78	3.43
Tangible Book Value	1,150	1,129	1,109	1,082	577.32	540.18
Tangible Book Value Per Share	5.84	5.73	5.63	5.42	3.51	3.28
Buildings	-	-	133.94	130.81	79.93	47.65
Machinery	-	-	152.46	102.55	6.22	51.43
Construction In Progress	-	-	25.83	15.58	38.02	34.96

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