SHE:301068 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	167.72	287.46	309.74	147.07	104.6	138.97
Cash & Short-Term Investments	167.72	287.46	309.74	147.07	104.6	138.97
Cash Growth	-19.39%	-7.19%	110.60%	40.61%	-24.73%	239.45%
Accounts Receivable	641.78	704.89	690.7	580.5	488.2	441.77
Other Receivables	5.07	4.97	8.65	8.47	7.47	7.92
Receivables	646.85	709.86	699.35	588.96	495.66	449.68
Inventory	82.71	32.81	48.32	23.9	26.66	30.22
Prepaid Expenses	-	-	0.09	-	-	-
Other Current Assets	33.89	28.54	34.64	25.83	29.62	28.96
Total Current Assets	931.18	1,059	1,092	785.77	656.54	647.84
Property, Plant & Equipment	474.01	485.87	473.17	423.44	449.02	447.45
Goodwill	57.57	57.57	30.68	39.66	28.8	-
Other Intangible Assets	98.31	99.21	86.15	43.81	44.4	45.37
Long-Term Deferred Tax Assets	23.75	25.52	25.89	35.2	49.92	39.71
Long-Term Deferred Charges	19.86	21.01	27.66	6.58	3.22	0.02
Other Long-Term Assets	2.81	2.04	0.54	-	0.01	1.83
Total Assets	1,607	1,750	1,736	1,334	1,232	1,182
Accounts Payable	53.89	49.91	71.08	100	114.98	169.97
Accrued Expenses	21	43.84	48	16.86	17.29	20.6
Short-Term Debt	353.75	400.19	409.18	244.26	149.76	111.16
Current Portion of Long-Term Debt	-	105.11	0	-	-	-
Current Portion of Leases	3.58	10.01	9.47	2.23	1.26	-
Current Income Taxes Payable	19.3	5.04	8.76	5.62	7.77	1.05
Current Unearned Revenue	46.31	35.78	36.88	8.08	5.06	5.24
Other Current Liabilities	4.54	6.12	7.31	3.77	7.11	1.59
Total Current Liabilities	502.36	656	590.68	380.82	303.23	309.61
Long-Term Debt	147.65	150.7	3	-	-	-
Long-Term Leases	12.84	12.98	4.95	1.25	2.23	-
Long-Term Unearned Revenue	111.2	113.42	118.3	124.5	120.11	111.07
Long-Term Deferred Tax Liabilities	2.34	2.51	0.02	0.03	19.16	19.57
Other Long-Term Liabilities	1.68	1.79	2.71	1.06	1.23	1.17
Total Liabilities	778.07	937.4	719.66	507.65	445.95	441.41
Common Stock	141.32	141.32	108.92	84	84	84
Additional Paid-In Capital	259.18	255.75	409.4	385.94	385.94	385.94
Retained Earnings	403.8	390.19	496.33	354.25	315.58	270.4
Treasury Stock	-0.45	-0.45	-20	-	-	-
Comprehensive Income & Other	1.32	1.19	0.54	0.44	0.44	0.46
Total Common Equity	805.16	788.01	995.19	824.63	785.96	740.8
Minority Interest	24.26	24.49	21.37	2.18	-	-
Shareholders' Equity	829.42	812.49	1,017	826.8	785.96	740.8
Total Liabilities & Equity	1,607	1,750	1,736	1,334	1,232	1,182
Total Debt	517.81	678.99	426.61	247.73	153.25	111.16
Net Cash (Debt)	-350.09	-391.53	-116.87	-100.66	-48.65	27.81
Net Cash Per Share	-2.52	-2.82	-0.83	-0.71	-0.34	0.24
Filing Date Shares Outstanding	141.27	133.34	140.02	141.96	141.96	141.96
Total Common Shares Outstanding	141.27	133.34	140.02	141.96	141.96	141.96
Working Capital	428.82	402.67	501.45	404.94	353.31	338.23
Book Value Per Share	5.70	5.91	7.11	5.81	5.54	5.22
Tangible Book Value	649.29	631.23	878.36	741.16	712.76	695.43
Tangible Book Value Per Share	4.60	4.73	6.27	5.22	5.02	4.90
Buildings	-	393	338.82	306.77	308.73	292.34
Machinery	-	338.88	287.02	213.71	202.74	186.84
Construction In Progress	-	0.55	1.28	0.93	1.86	2.02

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