SHE:301092 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	519.33	540.44	577.54	797.54	818.95	818.78
Trading Asset Securities	151.48	140.56	395.37	491.91	533.24	430.92
Cash & Short-Term Investments	670.82	680.99	972.92	1,289	1,352	1,250
Cash Growth	-23.96%	-30.00%	-24.55%	-4.64%	8.20%	1210.32%
Accounts Receivable	145.67	156.62	134.89	114.4	108.21	86.68
Other Receivables	4.37	5.7	43.38	21.7	10.8	12.54
Receivables	150.04	162.32	178.27	136.1	119.01	99.22
Inventory	133.64	133.31	154.01	118.51	113.31	112.99
Other Current Assets	75.03	66.91	5.59	12.04	8.43	29.1
Total Current Assets	1,030	1,044	1,311	1,556	1,593	1,491
Property, Plant & Equipment	1,079	1,043	817.37	423.5	207.71	139.04
Long-Term Investments	1.2	1.2	1.2	1.2	1.2	1.2
Other Intangible Assets	75.59	77.4	49.82	50.95	39.58	9.47
Long-Term Accounts Receivable	-	-	-	-	0.39	-
Long-Term Deferred Tax Assets	12.86	13.22	8.12	5.09	5	3.2
Long-Term Deferred Charges	3.34	2.95	2.04	1.75	0.37	0.55
Other Long-Term Assets	4.24	11.29	20.99	0.85	0.12	0.14
Total Assets	2,205	2,192	2,210	2,039	1,847	1,645
Accounts Payable	155.55	156.37	211.29	131.04	54.31	46.06
Accrued Expenses	15.51	27.98	33.27	30.95	26.48	23.07
Short-Term Debt	20	10	10.1	5.12	12.45	19.27
Current Portion of Long-Term Debt	0.14	0.14	28.02	2.02	-	-
Current Portion of Leases	-	-	0.13	0.12	0.11	0.09
Current Income Taxes Payable	5.98	7.06	4.99	4.78	27.94	0.27
Current Unearned Revenue	17.08	13.75	22.92	9.65	4.27	8.17
Other Current Liabilities	5.65	6.45	3.77	2.95	5.86	2.51
Total Current Liabilities	219.9	221.74	314.5	186.64	131.42	99.44
Long-Term Debt	-	-	-	28	-	-
Long-Term Leases	0.53	0.56	0.69	0.81	0.89	0.89
Long-Term Unearned Revenue	3.57	3.71	4.28	-	-	-
Long-Term Deferred Tax Liabilities	4.42	6.45	4.81	4.61	2.73	0.01
Total Liabilities	228.41	232.46	324.28	220.06	135.05	100.34
Common Stock	134.54	134.54	134.05	133.69	133.33	133.33
Additional Paid-In Capital	1,114	1,114	1,108	1,099	1,086	1,080
Retained Earnings	737.36	719.67	654.08	585.74	492.95	331.12
Treasury Stock	-10	-10	-10	-	-	-
Comprehensive Income & Other	0.59	1.23	0.33	1.11	0.34	0.01
Total Common Equity	1,977	1,960	1,886	1,819	1,712	1,544
Minority Interest	-0.06	-0.03	-	-	-	-
Shareholders' Equity	1,977	1,960	1,886	1,819	1,712	1,544
Total Liabilities & Equity	2,205	2,192	2,210	2,039	1,847	1,645
Total Debt	20.67	10.7	38.94	36.07	13.45	20.25
Net Cash (Debt)	650.15	670.29	933.97	1,253	1,339	1,229
Net Cash Growth	-22.99%	-28.23%	-25.48%	-6.38%	8.89%	1315.21%
Net Cash Per Share	4.85	5.01	6.98	9.33	10.01	11.68
Filing Date Shares Outstanding	136.01	132.75	133.63	133.42	133.33	133.33
Total Common Shares Outstanding	136.01	132.75	133.63	133.69	133.33	133.33
Working Capital	809.62	821.81	996.29	1,369	1,462	1,392
Book Value Per Share	14.54	14.76	14.11	13.61	12.84	11.58
Tangible Book Value	1,901	1,883	1,836	1,768	1,673	1,535
Tangible Book Value Per Share	13.98	14.18	13.74	13.23	12.55	11.51
Buildings	-	-	201.6	173.6	110.06	111.63
Machinery	-	-	255.04	236.92	153.11	131.66
Construction In Progress	-	-	545.15	173.13	90.11	30.12

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