SHE:301043 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	42.85	95.51	164.34	34.16	81.7	188.4
Short-Term Investments	-	35.03	23.13	92.52	-	100
Trading Asset Securities	659.66	556.53	504.04	477.56	408.21	205
Cash & Short-Term Investments	702.51	687.07	691.51	604.24	489.91	493.4
Cash Growth	8.29%	-0.64%	14.44%	23.34%	-0.71%	203.64%
Accounts Receivable	92.45	72.55	112.91	80.79	60.63	53.55
Other Receivables	2.55	2.57	2.6	2.67	3.91	2.19
Receivables	94.99	75.12	115.51	83.46	64.53	55.74
Inventory	112.51	117.73	104.25	99.05	150.1	129.57
Other Current Assets	9.51	6.64	18.3	16.74	10.73	13.35
Total Current Assets	919.52	886.57	929.58	803.49	715.28	692.05
Property, Plant & Equipment	234.05	236.16	224.53	202.68	182.55	155.63
Other Intangible Assets	91.34	92.02	90.11	91.9	82.71	17.04
Long-Term Deferred Tax Assets	4.72	4.68	4.99	6.16	6.15	5.06
Long-Term Deferred Charges	2.83	3.43	5.82	2.77	5.48	6.94
Other Long-Term Assets	16.34	15	18.11	14.32	13.43	39.39
Total Assets	1,270	1,238	1,273	1,121	1,006	916.1
Accounts Payable	46.72	46.07	54.87	48.02	46.85	82.67
Accrued Expenses	17.09	16.51	18.97	23.69	13.65	20.62
Short-Term Debt	301.91	278.63	272.55	165	120	20
Current Portion of Leases	0.43	0.64	1.52	1.84	3.32	2.85
Current Income Taxes Payable	-	4.64	6.87	7.41	0.52	3.35
Current Unearned Revenue	13.77	19.73	13.23	10.66	11.72	14.6
Other Current Liabilities	2.17	3.15	2.16	1.47	1.34	1.53
Total Current Liabilities	382.1	369.37	370.17	258.09	197.39	145.61
Long-Term Leases	-	-	0.25	1.77	3.36	4.7
Long-Term Unearned Revenue	5.49	5.93	6.8	8.47	8.44	8.34
Long-Term Deferred Tax Liabilities	7.55	7.14	8.16	9.3	9.03	6.82
Other Long-Term Liabilities	10.36	10.14	11.77	12.86	11.27	10.78
Total Liabilities	405.49	392.58	397.14	290.49	229.5	176.25
Common Stock	68	68	68	68	68	68
Additional Paid-In Capital	454.49	454.49	454.49	454.49	454.49	454.49
Retained Earnings	341.72	322.78	353.51	308.35	253.61	217.36
Shareholders' Equity	864.21	845.27	876	830.84	776.11	739.85
Total Liabilities & Equity	1,270	1,238	1,273	1,121	1,006	916.1
Total Debt	302.34	279.27	274.32	168.61	126.68	27.55
Net Cash (Debt)	400.17	407.8	417.19	435.63	363.23	465.85
Net Cash Growth	6.63%	-2.25%	-4.23%	19.93%	-22.03%	326.79%
Net Cash Per Share	5.88	6.01	6.12	6.38	5.31	8.20
Filing Date Shares Outstanding	68	68	68	68	68	68
Total Common Shares Outstanding	68	68	68	68	68	68
Working Capital	537.43	517.2	559.4	545.4	517.89	546.44
Book Value Per Share	12.71	12.43	12.88	12.22	11.41	10.88
Tangible Book Value	772.87	753.25	785.89	738.94	693.4	722.81
Tangible Book Value Per Share	11.37	11.08	11.56	10.87	10.20	10.63
Buildings	-	203.13	139.2	106.27	97.65	91.93
Machinery	-	181	171.96	164.01	159.35	100.45
Construction In Progress	-	4.7	45.58	43.45	18.98	7.14

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