SHE:301040 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	280.93	262.67	239.7	212.55	473.64	380.44
Trading Asset Securities	80	120	128	202	-	-
Cash & Short-Term Investments	360.93	382.67	367.7	414.55	473.64	380.44
Cash Growth	0.35%	4.07%	-11.30%	-12.47%	24.50%	210.25%
Accounts Receivable	292.43	314.41	347.6	370.23	595.46	472.57
Other Receivables	0.22	0.24	0.56	5.39	0.33	1.19
Receivables	292.65	314.65	348.15	375.62	595.79	473.75
Inventory	165.04	164.67	156.81	195.46	192.27	151.27
Other Current Assets	32.42	9.98	16.83	9.94	35.77	14.05
Total Current Assets	851.03	871.97	889.49	995.57	1,297	1,020
Property, Plant & Equipment	511.07	518.22	572.53	600.43	515.79	297.47
Long-Term Investments	35.53	35.38	32.44	-	-	-
Other Intangible Assets	50.76	51.08	52.35	53.49	54.81	56.11
Long-Term Deferred Tax Assets	-	-	1.09	12.82	11.94	6.8
Long-Term Deferred Charges	-	-	0.46	2.4	4.73	2.53
Other Long-Term Assets	12.7	10.86	8.54	16.79	43.59	46.29
Total Assets	1,461	1,488	1,557	1,681	1,928	1,429
Accounts Payable	294.53	270.94	292.09	307.2	529.33	396.13
Accrued Expenses	2.34	3.43	3.94	4.3	6.08	7.13
Current Portion of Long-Term Debt	4.06	2.44	1.63	0.82	0.54	-
Current Portion of Leases	-	-	1.62	-	0.67	1.04
Current Income Taxes Payable	0.61	0.66	-	-	-	0.18
Current Unearned Revenue	1.17	1.66	1.36	0.58	1.14	4.93
Other Current Liabilities	13.77	42.5	26.78	19.77	26.5	50.4
Total Current Liabilities	316.47	321.63	327.43	332.67	564.26	459.81
Long-Term Debt	346.17	339.88	315.5	292.02	268.82	-
Long-Term Leases	-	-	1.63	-	0.76	2.02
Long-Term Unearned Revenue	19.2	19.95	22.94	14.66	15.93	-
Long-Term Deferred Tax Liabilities	4.52	5.46	3.72	2.88	3.11	-
Total Liabilities	686.37	686.93	671.23	642.22	852.87	461.83
Common Stock	100	100	100	100	100	100
Additional Paid-In Capital	517.84	517.84	517.84	517.82	517.81	517.81
Retained Earnings	82.96	108.82	178.99	332.58	368.77	349.07
Comprehensive Income & Other	73.91	73.91	88.86	88.86	88.87	-
Shareholders' Equity	774.72	800.58	885.69	1,039	1,075	966.88
Total Liabilities & Equity	1,461	1,488	1,557	1,681	1,928	1,429
Total Debt	350.22	342.32	320.38	292.83	270.79	3.06
Net Cash (Debt)	10.71	40.35	47.31	121.72	202.85	377.38
Net Cash Growth	-66.86%	-14.72%	-61.13%	-39.99%	-46.25%	235.12%
Net Cash Per Share	0.11	0.40	0.47	1.22	2.03	4.42
Filing Date Shares Outstanding	100.01	99.99	100	100	100	100
Total Common Shares Outstanding	100.01	99.99	100	100	100	100
Working Capital	534.55	550.34	562.06	662.9	733.21	559.7
Book Value Per Share	7.75	8.01	8.86	10.39	10.75	9.67
Tangible Book Value	723.95	749.5	833.34	985.78	1,021	910.77
Tangible Book Value Per Share	7.24	7.50	8.33	9.86	10.21	9.11
Buildings	-	-	225.36	227.9	132.54	66.22
Machinery	-	-	524.82	509.1	351.11	193.04
Construction In Progress	-	-	58.59	50.76	215.13	201.21

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