SHE:301041 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	97.57	124.84	176.43	169.75	203.82	270.81
Trading Asset Securities	176.78	167.23	89.47	125.2	-	-
Cash & Short-Term Investments	274.35	292.07	265.89	294.95	203.82	270.81
Cash Growth	6.03%	9.84%	-9.85%	44.71%	-24.74%	66.72%
Accounts Receivable	244.21	251.5	259.23	228.79	248.17	276.96
Other Receivables	1.87	1.15	0.64	1.2	11.98	17.07
Receivables	246.08	252.66	259.86	229.99	260.15	294.03
Inventory	86.31	68.71	51.23	55.57	69.96	61.76
Other Current Assets	18.58	16.59	9.69	16.11	5.73	5.62
Total Current Assets	625.33	630.03	586.68	596.62	539.66	632.22
Property, Plant & Equipment	193.96	199.96	217.53	232.48	234.34	193.17
Long-Term Investments	10.26	41.69	22.21	21.26	6.52	-
Goodwill	0.04	0.04	0.04	0.04	0.04	0.04
Other Intangible Assets	23.63	14.16	12.63	12.77	12.25	11.25
Long-Term Deferred Tax Assets	14.45	14.22	14.74	14.64	13.98	6.05
Long-Term Deferred Charges	21.97	21.91	25.49	28.55	25.36	18.35
Other Long-Term Assets	48.16	3.66	4.06	0.39	3.41	8.28
Total Assets	937.79	925.66	883.39	906.74	835.56	869.37
Accounts Payable	180.68	166.32	118.99	123.95	134.46	180.46
Accrued Expenses	16.94	20.61	20.23	19.23	22.62	20.41
Short-Term Debt	-	-	-	40.06	-	-
Current Portion of Leases	-	3.9	3.97	4.11	2.7	10.08
Current Income Taxes Payable	-	0.02	1.39	0.04	0.12	0.06
Current Unearned Revenue	20.42	15.36	12.11	9.29	6.22	9.11
Other Current Liabilities	23.07	25.33	25.65	22.39	21.39	25.58
Total Current Liabilities	241.11	231.55	182.34	219.06	187.52	245.7
Long-Term Leases	3.05	4.01	4.36	8.39	3.12	4.65
Long-Term Unearned Revenue	15.61	11.52	5.72	4.89	5.2	9.24
Long-Term Deferred Tax Liabilities	0.21	0.3	3.44	5.19	4.33	0.07
Total Liabilities	259.98	247.37	195.86	237.52	200.18	259.65
Common Stock	106.68	106.68	106.68	106.68	106.68	106.68
Additional Paid-In Capital	270.87	270.87	270.87	270.87	270.87	270.87
Retained Earnings	332.68	332.86	323.24	290.55	256.04	229.95
Treasury Stock	-30.01	-30.01	-15.05	-	-	-
Total Common Equity	680.22	680.4	685.73	668.1	633.58	607.5
Minority Interest	-2.4	-2.11	1.8	1.12	1.8	2.22
Shareholders' Equity	677.81	678.28	687.53	669.22	635.38	609.72
Total Liabilities & Equity	937.79	925.66	883.39	906.74	835.56	869.37
Total Debt	3.05	7.91	8.33	52.56	5.82	14.73
Net Cash (Debt)	271.31	284.16	257.56	242.4	198	256.09
Net Cash Growth	7.98%	10.33%	6.25%	22.43%	-22.68%	86.37%
Net Cash Per Share	2.56	2.68	2.44	2.26	1.87	2.89
Filing Date Shares Outstanding	105.27	105.4	106	106.68	106.68	106.68
Total Common Shares Outstanding	105.27	105.4	106	106.68	106.68	106.68
Working Capital	384.22	398.48	404.34	377.56	352.14	386.52
Book Value Per Share	6.46	6.46	6.47	6.26	5.94	5.69
Tangible Book Value	656.55	666.2	673.06	655.29	621.29	596.2
Tangible Book Value Per Share	6.24	6.32	6.35	6.14	5.82	5.59
Buildings	-	130.4	130.4	130.4	130.4	130.4
Machinery	-	281.15	275.67	271.5	238.31	221.14
Construction In Progress	-	3.95	7.83	6.18	38.22	5.13

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