SHE:301085 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	326.93	552.86	473.18	442.4	375.24	223.75
Trading Asset Securities	0.68	-	-	-	-	212.19
Cash & Short-Term Investments	327.6	552.86	473.18	442.4	375.24	435.94
Cash Growth	25.62%	16.84%	6.96%	17.90%	-13.93%	121.62%
Accounts Receivable	498.6	519.88	600.75	780.65	559.54	514.77
Other Receivables	73.17	0.03	0.05	0.03	0	0
Receivables	571.77	519.9	600.8	780.68	559.54	514.77
Inventory	213.95	155.24	331.87	344.68	102.06	53.78
Other Current Assets	281.6	166.24	340.92	502.09	56.48	46.36
Total Current Assets	1,395	1,394	1,747	2,070	1,093	1,051
Property, Plant & Equipment	163.7	172.32	160.5	10.13	12.55	11.57
Long-Term Investments	49.39	49.47	30.54	20	-	-
Goodwill	-	-	0.87	0.87	0.87	0.87
Other Intangible Assets	0.09	0.1	0.27	0.49	0.74	1.01
Long-Term Deferred Tax Assets	53.47	50.37	18.2	6.42	2.67	0.92
Long-Term Deferred Charges	3.67	3.77	5.14	1.39	1.92	0.25
Other Long-Term Assets	8.24	8.21	6.13	-	-	-
Total Assets	1,673	1,678	1,968	2,109	1,112	1,065
Accounts Payable	166.71	163.54	196.12	393.4	238.01	162.28
Accrued Expenses	42.12	45.09	31.77	39.27	42.47	41.16
Short-Term Debt	270.58	290.42	368.69	431.42	6.51	30.94
Current Portion of Leases	45.69	45.5	32.88	1.72	2.33	3.64
Current Income Taxes Payable	19.34	15.23	16.84	14.44	14.93	8.85
Current Unearned Revenue	72.59	73.9	85.94	7.39	22.18	22.19
Other Current Liabilities	8.74	7.22	48.56	115.77	4.11	3.94
Total Current Liabilities	625.77	640.89	780.79	1,003	330.55	273.01
Long-Term Leases	92.68	105.14	107.63	0.44	1.86	1.82
Long-Term Deferred Tax Liabilities	0.47	0.53	0.22	0.18	0.56	0.03
Total Liabilities	718.92	746.56	888.64	1,004	332.97	274.86
Common Stock	86.78	86.78	86.78	86.78	80	80
Additional Paid-In Capital	718.55	718.55	718.55	718.55	470.16	470.16
Retained Earnings	169.73	146	298.74	295.41	227.55	247.02
Treasury Stock	-30.54	-30.54	-30.54	-	-	-
Comprehensive Income & Other	10.84	11.36	5.52	4.39	1.37	-6.57
Total Common Equity	955.35	932.15	1,079	1,105	779.08	790.61
Minority Interest	-0.78	-0.23	0.75	-	-	-
Shareholders' Equity	954.57	931.92	1,080	1,105	779.08	790.61
Total Liabilities & Equity	1,673	1,678	1,968	2,109	1,112	1,065
Total Debt	408.96	441.06	509.2	433.58	10.7	36.4
Net Cash (Debt)	-81.35	111.8	-36.02	8.82	364.53	399.54
Net Cash Growth	-	-	-	-97.58%	-8.76%	201.01%
Net Cash Per Share	-0.94	1.30	-0.42	0.11	4.57	6.34
Filing Date Shares Outstanding	86.13	86.13	86.13	86.36	80	80
Total Common Shares Outstanding	86.13	86.13	86.13	86.78	80	80
Working Capital	769.16	753.35	965.98	1,066	762.76	777.84
Book Value Per Share	11.09	10.82	12.53	12.74	9.74	9.88
Tangible Book Value	955.26	932.05	1,078	1,104	777.48	788.74
Tangible Book Value Per Share	11.09	10.82	12.51	12.72	9.72	9.86
Machinery	-	225.44	180.31	23.34	21.32	18.13