SHE:301022 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	124.77	95.32	122.29	111.03	155.76	323.45
Trading Asset Securities	98.35	117.33	220.15	331.33	122.43	218.79
Cash & Short-Term Investments	223.12	212.65	342.45	442.36	278.19	542.24
Cash Growth	-34.21%	-37.90%	-22.59%	59.02%	-48.70%	597.22%
Accounts Receivable	424.28	440.42	346.88	356.22	229.92	215.76
Other Receivables	2.65	4.36	3.46	1.96	4.35	3.54
Receivables	426.93	444.79	350.35	358.18	234.27	219.3
Inventory	563.34	580.39	533.62	458.18	369.57	280.44
Other Current Assets	16.09	15.07	15.09	31.03	29.87	24.85
Total Current Assets	1,229	1,253	1,242	1,290	911.9	1,067
Property, Plant & Equipment	621.47	630.44	513.3	392.66	247.19	175.53
Long-Term Investments	41.79	41.02	21.02	21.02	21.02	-
Other Intangible Assets	57.56	59.81	59.62	54.94	23.65	24.67
Long-Term Deferred Tax Assets	28.08	25.9	22.83	20.57	12.92	8.69
Long-Term Deferred Charges	0.15	0.19	0.33	0.6	0.09	1.05
Other Long-Term Assets	228.43	180.04	63.2	70.8	113.65	19.46
Total Assets	2,207	2,190	1,922	1,850	1,330	1,296
Accounts Payable	175.95	210.53	245.44	214.19	222.19	232.1
Accrued Expenses	18.86	31.35	31.23	28.21	24.05	25.13
Short-Term Debt	209.55	129.75	-	-	-	-
Current Portion of Long-Term Debt	0.24	0.22	1.33	1.02	-	-
Current Portion of Leases	-	-	2	3.96	1.81	1.15
Current Income Taxes Payable	4.17	5.5	2.53	6.71	4.09	2.89
Current Unearned Revenue	290.7	309.2	251.06	246.34	144.21	145.4
Other Current Liabilities	6.47	7.78	8.61	9.52	8.41	9.27
Total Current Liabilities	705.94	694.33	542.2	509.95	404.76	415.95
Long-Term Debt	52.41	35.62	286.23	277.82	-	-
Long-Term Leases	-	-	-	1.88	2.85	-
Long-Term Unearned Revenue	8.5	8.81	4.34	4.46	5.58	6.16
Long-Term Deferred Tax Liabilities	1.16	1.07	22.33	32.65	2.57	0.6
Other Long-Term Liabilities	37.13	37.53	22.31	17.49	15.59	12.86
Total Liabilities	805.15	777.37	877.42	844.25	431.35	435.57
Common Stock	99.48	99.48	84.76	83.2	64	64
Additional Paid-In Capital	996.25	995.41	588.37	541.6	555.99	555.99
Retained Earnings	293.79	299.15	271.84	277.72	273.63	238.47
Comprehensive Income & Other	12.29	18.87	99.4	103.58	5.44	2.2
Total Common Equity	1,402	1,413	1,044	1,006	899.07	860.65
Minority Interest	-	-	-	-	0	0
Shareholders' Equity	1,402	1,413	1,044	1,006	899.07	860.65
Total Liabilities & Equity	2,207	2,190	1,922	1,850	1,330	1,296
Total Debt	262.19	165.59	289.56	284.68	4.66	1.15
Net Cash (Debt)	-39.07	47.06	52.89	157.68	273.53	541.09
Net Cash Growth	-	-11.02%	-66.46%	-42.35%	-49.45%	771.04%
Net Cash Per Share	-0.42	0.53	0.63	1.89	3.29	7.43
Filing Date Shares Outstanding	99.43	99.48	84.76	83.2	83.2	83.2
Total Common Shares Outstanding	99.43	99.48	84.76	83.2	83.2	83.2
Working Capital	523.54	558.57	699.31	779.82	507.14	650.89
Book Value Per Share	14.10	14.20	12.32	12.09	10.81	10.34
Tangible Book Value	1,344	1,353	984.75	951.16	875.41	835.99
Tangible Book Value Per Share	13.52	13.60	11.62	11.43	10.52	10.05
Buildings	-	-	247.86	180.36	65.27	65.27
Machinery	-	-	401.07	317.4	191.44	166.35
Construction In Progress	-	-	13.15	-	66.45	9.56
Order Backlog	-	-	938	-	-	-

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