SHE:301117 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	276.26	329.46	436.86	554.32	724.09	62.11
Cash & Short-Term Investments	280.92	329.46	436.86	554.32	724.09	62.11
Cash Growth	-16.94%	-24.59%	-21.19%	-23.45%	1065.91%	-23.89%
Accounts Receivable	361.7	365.31	404.48	277.8	336.96	266.99
Other Receivables	5.62	11.74	6.68	5.81	9.68	4.21
Receivables	367.32	377.05	411.16	283.61	346.63	271.2
Inventory	425.53	424.27	388.42	392.31	255.85	101.66
Other Current Assets	45.84	41.99	21.98	28.86	11.52	9.61
Total Current Assets	1,120	1,173	1,258	1,259	1,338	444.57
Property, Plant & Equipment	311.11	322.6	242.6	128.26	9.85	10.26
Long-Term Investments	0.5	0.5	-	-	-	-
Goodwill	5.13	5.13	5.13	7.89	-	-
Other Intangible Assets	22.65	15.98	9.98	10.02	0.39	0.5
Long-Term Deferred Tax Assets	28.74	25.12	13.24	10.23	6.88	5.23
Long-Term Deferred Charges	0.05	0.12	1.16	1.71	2.19	2.35
Other Long-Term Assets	10.07	3.8	0.08	6.38	33.16	-
Total Assets	1,498	1,546	1,531	1,424	1,391	462.9
Accounts Payable	66.83	107.56	111.83	66.28	59.01	48.49
Accrued Expenses	5.07	10.88	13.63	10.15	6.65	14.94
Short-Term Debt	120	94.48	62.14	1	-	78.52
Current Portion of Long-Term Debt	-	-	-	-	-	0.94
Current Portion of Leases	1.95	2.35	2.91	5.42	2.3	1.92
Current Income Taxes Payable	0.25	0.15	0.15	0	-	8.45
Current Unearned Revenue	31.6	27.54	4.72	5.77	2.99	8.62
Other Current Liabilities	25.99	33.13	13.77	23.02	0.45	0.3
Total Current Liabilities	251.69	276.08	209.14	111.65	71.4	162.16
Long-Term Leases	0.64	-	0.46	2.72	2.13	3.71
Long-Term Deferred Tax Liabilities	0.36	0.35	0.39	0.96	0.29	-
Total Liabilities	252.7	276.43	209.99	115.33	73.82	165.87
Common Stock	129.17	129.17	92.26	92.26	92.26	69.19
Additional Paid-In Capital	959.31	959.17	1,003	1,002	995.7	23.37
Retained Earnings	150.61	174.79	219.58	208.14	227.33	202.85
Total Common Equity	1,239	1,263	1,315	1,303	1,315	295.41
Minority Interest	6.06	6.46	5.9	5.38	1.45	1.61
Shareholders' Equity	1,245	1,270	1,321	1,308	1,317	297.02
Total Liabilities & Equity	1,498	1,546	1,531	1,424	1,391	462.9
Total Debt	122.59	96.83	65.5	9.14	4.43	85.08
Net Cash (Debt)	158.32	232.63	371.36	545.19	719.66	-22.98
Net Cash Growth	-41.86%	-37.36%	-31.88%	-24.24%	-	-
Net Cash Per Share	0.81	1.28	2.09	3.12	4.05	-0.17
Filing Date Shares Outstanding	180.84	180.84	180.84	180.84	180.84	180.84
Total Common Shares Outstanding	180.84	180.84	180.84	180.84	180.84	135.61
Working Capital	867.91	896.7	1,049	1,147	1,267	282.41
Book Value Per Share	6.85	6.98	7.27	7.20	7.27	2.18
Tangible Book Value	1,211	1,242	1,300	1,285	1,315	294.91
Tangible Book Value Per Share	6.70	6.87	7.19	7.11	7.27	2.17
Buildings	-	75.71	75.71	75.71	1.02	1.02
Machinery	-	173.14	85.92	35.73	6.27	5.51
Construction In Progress	-	60.36	37	0.96	-	0.05