SHE:301053 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	212.27	267.31	380.2	176.28	264.52	297.02
Trading Asset Securities	34.95	24.95	-	-	-	-
Cash & Short-Term Investments	247.22	292.26	380.2	176.28	264.52	297.02
Cash Growth	-26.23%	-23.13%	115.68%	-33.36%	-10.94%	108.27%
Accounts Receivable	282.91	264.52	204.38	182.13	173.37	119.14
Other Receivables	2.52	2.58	6.33	5.52	3.19	3.02
Receivables	285.44	267.1	210.71	187.65	176.56	122.15
Inventory	249.3	237.61	248.64	206.73	159.21	263.49
Other Current Assets	38.64	28.74	18.92	13.38	5.8	7.47
Total Current Assets	820.6	825.71	858.47	584.04	606.08	690.12
Property, Plant & Equipment	492.18	492.89	432.03	374.97	256.71	250.1
Long-Term Investments	0.48	0.48	0.48	0.48	0.48	-
Other Intangible Assets	65.86	66.19	65.88	67.5	34.41	35.17
Long-Term Deferred Tax Assets	17.72	9.12	0.85	6.81	5.11	3.95
Long-Term Deferred Charges	0.53	0.59	0.92	1.32	0.5	0.74
Other Long-Term Assets	-	5.25	8.38	7.88	3.28	2.99
Total Assets	1,397	1,400	1,367	1,043	906.57	983.07
Accounts Payable	249.66	222.5	190.07	246.63	208.87	223.04
Accrued Expenses	12.62	25.12	29.88	27.65	21.67	23.31
Short-Term Debt	17.51	17.51	20.38	21.85	5.42	-
Current Portion of Long-Term Debt	0.59	0.77	-	-	-	-
Current Portion of Leases	-	-	1.22	0.71	1.24	0.89
Current Income Taxes Payable	12.32	10.66	6.31	1.47	1.79	4.14
Current Unearned Revenue	113.56	150.87	130.18	72.9	60.69	162.88
Other Current Liabilities	16.45	28.3	41.68	9.95	9.53	27.6
Total Current Liabilities	422.72	455.73	419.72	381.16	309.2	441.86
Long-Term Debt	41.58	190.17	219.56	25.73	-	-
Long-Term Leases	0.96	1.11	1.66	2.32	3.52	3.42
Long-Term Unearned Revenue	9.71	8.26	7.9	6.03	7.35	8.67
Other Long-Term Liabilities	11.61	11.65	15.14	23.96	0.35	-
Total Liabilities	486.59	666.92	663.98	439.19	320.42	453.95
Common Stock	91.97	84.22	81.75	81.75	81.75	81.75
Additional Paid-In Capital	423.26	234.92	176.5	176.86	176.13	176.13
Retained Earnings	380.33	363.45	371.33	329.51	319.38	269.67
Comprehensive Income & Other	10.5	46.33	57.88	0.13	-0	-0.11
Total Common Equity	906.05	728.91	687.47	588.25	577.25	527.43
Minority Interest	4.75	4.4	15.58	15.54	8.9	1.69
Shareholders' Equity	910.8	733.32	703.04	603.79	586.16	529.13
Total Liabilities & Equity	1,397	1,400	1,367	1,043	906.57	983.07
Total Debt	60.65	209.56	242.82	50.6	10.17	4.31
Net Cash (Debt)	186.57	82.7	137.38	125.68	254.34	292.7
Net Cash Growth	96.24%	-39.80%	9.32%	-50.59%	-13.11%	122.28%
Net Cash Per Share	2.24	1.00	1.68	1.51	3.11	4.29
Filing Date Shares Outstanding	84.4	87.21	81.75	81.75	81.75	81.75
Total Common Shares Outstanding	84.4	87.21	81.75	81.75	81.75	81.75
Working Capital	397.88	369.98	438.75	202.88	296.89	248.27
Book Value Per Share	10.74	8.36	8.41	7.20	7.06	6.45
Tangible Book Value	840.19	662.72	621.58	520.76	542.84	492.27
Tangible Book Value Per Share	9.96	7.60	7.60	6.37	6.64	6.02
Buildings	-	-	240.51	161.73	150.71	150.33
Machinery	-	-	194.22	182.59	134.09	129.89
Construction In Progress	-	-	145.83	156.21	74.01	53.4

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