SHE:301072 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	155.89	126.5	179.73	126.37	161.45	235.4
Trading Asset Securities	0.14	0.12	-	5	0.69	-
Cash & Short-Term Investments	156.03	126.62	179.73	131.37	162.14	235.4
Cash Growth	7.74%	-29.55%	36.81%	-18.97%	-31.12%	21.46%
Accounts Receivable	260.03	307.65	291.16	253.41	256.01	209.03
Other Receivables	3.03	2.16	1.23	1.26	1.51	1.37
Receivables	263.06	309.8	292.39	254.67	257.52	210.4
Inventory	179.66	169.71	170.13	147.55	168.73	166.88
Other Current Assets	6.42	5.78	12.8	19.42	12.86	20.75
Total Current Assets	605.17	611.92	655.04	553.01	601.25	633.43
Property, Plant & Equipment	519.78	528.01	548.61	493.81	379.65	204.89
Long-Term Investments	11	11	3	3	-	-
Goodwill	4.49	4.49	4.49	10.67	10.67	4.49
Other Intangible Assets	61.99	62.73	65.84	63.27	54.48	56.8
Long-Term Deferred Tax Assets	31.54	31.82	28.37	20.24	21.82	3.51
Long-Term Deferred Charges	20.52	23.43	13.86	12.34	13.53	13.67
Other Long-Term Assets	2.91	3.4	15.03	38.19	59.77	57.36
Total Assets	1,257	1,277	1,334	1,195	1,141	974.15
Accounts Payable	364.71	372.74	357.63	292.98	256.51	142.07
Accrued Expenses	11.98	14.2	14.79	14.02	16.38	13.77
Short-Term Debt	66.93	77.45	156.64	17.64	30.49	29.8
Current Portion of Long-Term Debt	1.16	5.16	-	-	-	-
Current Income Taxes Payable	2.26	4.33	0.09	0.1	0.11	0.74
Current Unearned Revenue	0.16	0.54	0.22	0.4	0.09	0.21
Other Current Liabilities	24.25	21.82	18.68	27.23	15.4	9.99
Total Current Liabilities	471.44	496.23	548.05	352.38	318.98	196.58
Long-Term Debt	60.21	45.92	-	-	-	-
Long-Term Leases	4.82	2.03	-	-	0.41	-
Long-Term Deferred Tax Liabilities	-	-	-	0.03	0.13	-
Other Long-Term Liabilities	3.48	4.02	1.18	-	-	-
Total Liabilities	539.96	548.2	549.23	352.42	319.53	196.58
Common Stock	105.05	105.05	105.05	105.05	105.05	105.05
Additional Paid-In Capital	435.14	434.83	432.68	435.47	435.47	435.47
Retained Earnings	182.6	193.27	247.74	283.55	260.29	229.3
Treasury Stock	-11.46	-11.46	-11.56	-	-	-
Comprehensive Income & Other	2.97	2.97	1.67	1.39	0.39	-
Total Common Equity	714.3	724.66	775.58	825.46	801.21	769.82
Minority Interest	3.15	3.95	9.44	16.66	20.44	7.75
Shareholders' Equity	717.45	728.61	785.02	842.12	821.65	777.57
Total Liabilities & Equity	1,257	1,277	1,334	1,195	1,141	974.15
Total Debt	133.12	130.56	156.64	17.64	30.91	29.8
Net Cash (Debt)	22.92	-3.94	23.09	113.73	131.23	205.61
Net Cash Growth	-	-	-79.70%	-13.33%	-36.17%	27.94%
Net Cash Per Share	0.22	-0.04	0.22	1.08	1.25	2.39
Filing Date Shares Outstanding	106.67	100.43	104.3	105.05	105.05	105.05
Total Common Shares Outstanding	106.67	100.43	104.3	105.05	105.05	105.05
Working Capital	133.72	115.69	107	200.63	282.27	436.85
Book Value Per Share	6.70	7.22	7.44	7.86	7.63	7.33
Tangible Book Value	647.82	657.43	705.25	751.52	736.06	708.53
Tangible Book Value Per Share	6.07	6.55	6.76	7.15	7.01	6.74
Buildings	-	-	277.58	87.85	334.09	52.47
Machinery	-	-	466.47	419.27	20.04	289.86
Construction In Progress	-	-	49.94	204.28	219.51	33.98

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