SHE:301105 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	190.69	81.73	210.81	371.2	460.46	143.47
Trading Asset Securities	186.6	265.45	190.76	51	79.4	27
Cash & Short-Term Investments	377.29	347.18	401.56	422.2	539.86	170.47
Cash Growth	-5.89%	-13.54%	-4.89%	-21.79%	216.68%	-16.46%
Accounts Receivable	57.4	59.41	58.15	81.44	98.97	90.28
Other Receivables	1.29	0.76	0.83	1.71	3.08	2.69
Receivables	58.69	60.17	58.98	83.16	102.04	92.98
Inventory	127.58	122.13	143.95	144.87	144.89	138.94
Other Current Assets	25.54	59.43	13.71	15.48	11.17	4.2
Total Current Assets	589.1	588.9	618.21	665.7	797.96	406.59
Property, Plant & Equipment	272.05	276.42	276.3	259.37	241.9	161.5
Long-Term Investments	0.38	0.38	0.38	-	-	-
Other Intangible Assets	17.57	17.8	16.12	21.86	22.09	22.66
Long-Term Deferred Tax Assets	21.38	20.4	16.18	13.97	10.3	6.4
Long-Term Deferred Charges	1.56	1.7	1.35	0.21	0.1	0.44
Other Long-Term Assets	17.8	18.05	20.37	4.75	1.01	0.34
Total Assets	919.83	923.66	948.9	965.86	1,073	597.93
Accounts Payable	48.92	48.29	41.28	53.09	73.17	82.82
Accrued Expenses	6.07	7.23	8.83	9.34	8.52	12.61
Short-Term Debt	-	-	-	-	28.22	-
Current Portion of Long-Term Debt	3.28	3.15	-	-	-	-
Current Portion of Leases	-	-	2.88	4.1	6.05	5.15
Current Income Taxes Payable	0.71	0.43	-	-	0.42	0.08
Current Unearned Revenue	23.92	18.6	25.52	14.06	3.26	8.8
Other Current Liabilities	4.53	8.65	6.92	7.93	5.29	4.45
Total Current Liabilities	87.43	86.35	85.44	88.52	124.93	113.91
Long-Term Leases	9.62	10.25	13.39	16.29	21.94	26.67
Long-Term Unearned Revenue	3.83	3.98	4.56	5.14	5.72	6.3
Long-Term Deferred Tax Liabilities	1.8	2.02	2.42	3.17	3.89	-
Other Long-Term Liabilities	-	-	-	-	0.03	0.29
Total Liabilities	102.68	102.6	105.81	113.13	156.5	147.17
Common Stock	50	50	50	50	50	37.5
Additional Paid-In Capital	507.5	507.5	510.77	510.24	507.5	92.45
Retained Earnings	253.69	257.59	275.95	285.73	352.5	312.82
Comprehensive Income & Other	5.94	5.94	6.05	6.3	6.86	7.98
Total Common Equity	817.13	821.03	842.78	852.27	916.86	450.76
Minority Interest	0.03	0.03	0.31	0.46	-	-
Shareholders' Equity	817.16	821.06	843.09	852.73	916.86	450.76
Total Liabilities & Equity	919.83	923.66	948.9	965.86	1,073	597.93
Total Debt	12.89	13.4	16.28	20.39	56.21	31.82
Net Cash (Debt)	364.39	333.77	385.28	401.81	483.65	138.65
Net Cash Growth	-5.43%	-13.37%	-4.11%	-16.92%	248.82%	-32.06%
Net Cash Per Share	7.34	6.73	7.89	8.14	12.85	3.70
Filing Date Shares Outstanding	49.99	48.45	50	50	50	37.5
Total Common Shares Outstanding	49.99	48.45	50	50	50	37.5
Working Capital	501.66	502.55	532.77	577.19	673.03	292.68
Book Value Per Share	16.35	16.94	16.86	17.05	18.34	12.02
Tangible Book Value	799.56	803.23	826.66	830.4	894.76	428.1
Tangible Book Value Per Share	15.99	16.58	16.53	16.61	17.90	11.42
Buildings	-	-	240.99	129.4	18.57	18.57
Machinery	-	-	56.62	48.36	46.98	44.97
Construction In Progress	-	-	0.14	91.38	173.21	85.89

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