SHE:301111 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	124.35	143.14	159.1	131.11	179.21	485.35
Short-Term Investments	-	-	128.25	141.14	190.97	20.42
Trading Asset Securities	77.56	77.59	34.81	72.86	81.32	48.04
Cash & Short-Term Investments	201.9	220.73	322.16	345.11	451.51	553.81
Cash Growth	-34.46%	-31.49%	-6.65%	-23.57%	-18.47%	312.00%
Accounts Receivable	109.16	97.42	85.23	74	71.01	97.57
Other Receivables	3.8	2.92	2.69	3.34	2.01	1.94
Receivables	112.95	100.35	87.91	77.34	73.02	99.51
Inventory	75.76	77.31	90.13	83.43	70.69	51.91
Prepaid Expenses	-	-	0	-	-	-
Other Current Assets	305.91	302.52	14.99	3.78	5.73	3.62
Total Current Assets	696.52	700.9	515.2	509.66	600.95	708.84
Property, Plant & Equipment	81.64	83.51	115.24	58.59	55.94	74.55
Long-Term Investments	51.62	42.5	219.41	238.08	181.28	33.47
Goodwill	7.32	7.32	7.32	-	-	-
Other Intangible Assets	29.01	29.52	29.88	30.18	7.83	7.89
Long-Term Deferred Tax Assets	14.54	13.81	13.91	8.51	8.52	1.22
Long-Term Deferred Charges	15.36	15.79	28.71	0.4	-	-
Other Long-Term Assets	1.89	0.76	3.49	10.13	2.56	0.23
Total Assets	897.92	894.13	933.17	855.54	857.07	826.2
Accounts Payable	67.32	63.72	56	34.87	29.04	37.59
Accrued Expenses	4.63	7.49	12.71	11.4	17.25	9.38
Current Portion of Long-Term Debt	5.72	5.24	-	-	-	-
Current Portion of Leases	-	-	1.29	3.87	0.16	0.93
Current Income Taxes Payable	5.15	5.09	1.29	0.2	9.85	5.09
Current Unearned Revenue	17.27	13.49	12.44	5.39	26.88	5.66
Other Current Liabilities	7.47	7.24	11.13	10.24	10.19	7.44
Total Current Liabilities	107.56	102.28	94.85	65.97	93.36	66.08
Long-Term Leases	39.41	40.24	70.86	10.09	-	0.16
Long-Term Unearned Revenue	0.33	0.39	0.7	1.28	5.04	7.45
Long-Term Deferred Tax Liabilities	-	-	-	-	-	1.66
Total Liabilities	147.3	142.91	166.42	77.33	98.39	75.34
Common Stock	160	160	160	160	160	160
Additional Paid-In Capital	405.78	405.78	406.94	406.94	406.94	406.94
Retained Earnings	181.6	184.91	197.4	209.23	191.73	183.91
Total Common Equity	747.39	750.69	764.34	776.17	758.67	750.85
Minority Interest	3.23	0.53	2.41	2.03	-0	-
Shareholders' Equity	750.62	751.22	766.75	778.21	758.67	750.85
Total Liabilities & Equity	897.92	894.13	933.17	855.54	857.07	826.2
Total Debt	45.13	45.49	72.15	13.95	0.16	1.09
Net Cash (Debt)	156.77	175.24	250.01	331.15	451.35	552.72
Net Cash Growth	-35.91%	-29.91%	-24.50%	-26.63%	-18.34%	311.19%
Net Cash Per Share	1.05	1.17	1.80	2.08	2.84	4.64
Filing Date Shares Outstanding	159.74	118.41	160	160	160	160
Total Common Shares Outstanding	159.74	118.41	160	160	160	160
Working Capital	588.96	598.63	420.34	443.69	507.59	642.77
Book Value Per Share	4.68	6.34	4.78	4.85	4.74	4.69
Tangible Book Value	711.05	713.85	727.13	745.99	750.85	742.96
Tangible Book Value Per Share	4.45	6.03	4.54	4.66	4.69	4.64
Buildings	-	-	76.38	68.76	74.73	79.72
Machinery	-	-	86.7	78.07	78.59	93.14
Construction In Progress	-	-	-	0.72	0.72	-

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