SHE:301028 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	Dec '21 Dec 31, 2021
Cash & Equivalents	189.74	390.52	362.28	525.93	789.81	705.81
Short-Term Investments	-	-	10.67	-	-	-
Cash & Short-Term Investments	392.61	390.52	372.95	525.93	789.81	705.81
Cash Growth	-29.57%	4.71%	-29.09%	-33.41%	11.90%	171.52%
Accounts Receivable	296.48	229.05	231.68	165.26	140.92	156.75
Other Receivables	1.33	1.02	1.04	0.7	0.5	0.56
Receivables	297.81	230.06	232.72	165.95	141.42	157.31
Inventory	215.21	231.55	201.61	185.39	191.83	212.52
Prepaid Expenses	-	-	-	-	2.76	-
Other Current Assets	323.21	491.48	54.51	29.67	21.81	30.27
Total Current Assets	1,229	1,344	861.8	906.94	1,148	1,106
Property, Plant & Equipment	1,080	1,013	730.95	379.81	286.87	274.54
Long-Term Investments	-	-	647.63	403.35	-	-
Other Intangible Assets	39.94	40.65	41.85	43.19	43.58	18.67
Long-Term Deferred Tax Assets	53.43	45.66	42.56	35.62	33	29.45
Long-Term Deferred Charges	-	-	-	0	0.09	0.18
Other Long-Term Assets	600.62	510.96	122.2	120.66	130	139.76
Total Assets	3,003	2,953	2,447	1,890	1,641	1,569
Accounts Payable	348.24	414.98	349.51	259.09	168.42	208.19
Accrued Expenses	24.16	42.25	42.12	33.5	25.17	24.97
Current Portion of Long-Term Debt	32.04	28	8.76	0.01	-	-
Current Income Taxes Payable	25.44	12.83	11.62	6.19	9.44	16.32
Current Unearned Revenue	328.41	332.68	280.98	244.35	218.59	187.2
Other Current Liabilities	20.94	20.91	14.51	12.05	15.7	15.53
Total Current Liabilities	779.24	851.66	707.51	555.19	437.32	452.2
Long-Term Debt	486.96	424.23	234.2	8.7	-	-
Long-Term Unearned Revenue	23.37	24.39	27.46	22.05	21.21	17.67
Total Liabilities	1,290	1,300	969.16	585.94	458.53	469.87
Common Stock	384.05	384.05	381.77	378.91	378.91	378.91
Additional Paid-In Capital	418.39	416.87	399.55	369.4	354.6	354.6
Retained Earnings	910.49	852.2	696.49	555.33	449.13	365.13
Shareholders' Equity	1,713	1,653	1,478	1,304	1,183	1,099
Total Liabilities & Equity	3,003	2,953	2,447	1,890	1,641	1,569
Total Debt	519	452.23	242.96	8.71	-	-
Net Cash (Debt)	-126.39	-61.72	129.99	517.22	789.81	705.81
Net Cash Growth	-	-	-74.87%	-34.51%	11.90%	181.28%
Net Cash Per Share	-0.33	-0.16	0.34	1.36	2.08	2.19
Filing Date Shares Outstanding	388.6	371.26	381.77	378.91	378.91	378.91
Total Common Shares Outstanding	388.6	371.26	381.77	378.91	378.91	378.91
Working Capital	449.61	491.96	154.29	351.75	710.3	653.71
Book Value Per Share	4.41	4.45	3.87	3.44	3.12	2.90
Tangible Book Value	1,673	1,612	1,436	1,260	1,139	1,080
Tangible Book Value Per Share	4.31	4.34	3.76	3.33	3.01	2.85
Buildings	-	-	115.81	115.81	115.81	115.81
Machinery	-	-	381.32	373.08	380.12	333.81
Construction In Progress	-	-	511.7	138.45	17.5	18.65

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