SHE:301119 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	775.39	790.05	856.23	791	700.19	388.01
Short-Term Investments	-	-	-	-	-	154
Trading Asset Securities	30.08	30.08	76.59	25.53	57	20
Cash & Short-Term Investments	805.47	820.12	932.82	816.53	757.19	562.01
Cash Growth	-27.78%	-12.08%	14.24%	7.84%	34.73%	121.82%
Accounts Receivable	165.33	150.71	140.54	128.74	128.05	123.67
Other Receivables	0.63	0.16	0.06	0.32	4.09	6.23
Receivables	165.95	150.87	140.6	129.07	132.14	129.89
Inventory	71.73	77.2	69.03	68.23	74.3	71.68
Other Current Assets	2	3.03	3.04	0.88	1.51	6.2
Total Current Assets	1,045	1,051	1,145	1,015	965.14	769.78
Property, Plant & Equipment	240.97	231.72	176.25	97.95	105.7	81.27
Long-Term Investments	78.59	63.39	3.16	1.92	4.54	-
Other Intangible Assets	45.42	31.64	32.75	34.41	10.55	10.28
Long-Term Deferred Tax Assets	4.56	4.5	4.06	4.51	3.19	2.59
Long-Term Deferred Charges	0.04	0.07	0.17	0.39	0.26	0.4
Other Long-Term Assets	3.96	4.25	1.25	4.06	1.63	2.46
Total Assets	1,419	1,387	1,363	1,158	1,091	866.78
Accounts Payable	196.63	191.36	185.49	126.29	159.42	61.4
Accrued Expenses	9.15	12.04	17.95	13.12	12.93	9.95
Short-Term Debt	110.01	104.11	105.44	15.74	23	-
Current Portion of Long-Term Debt	0.37	0.36	-	-	-	-
Current Portion of Leases	-	-	0.35	-	0.36	0.37
Current Income Taxes Payable	4.86	7.96	4.17	4.75	1.97	1.57
Current Unearned Revenue	6.25	5.12	5.74	6.16	7.04	4.34
Other Current Liabilities	3.01	3.64	0.87	0.42	0.86	0.81
Total Current Liabilities	330.28	324.6	320	166.48	205.58	78.44
Long-Term Leases	-	-	0.36	-	-	0.33
Long-Term Unearned Revenue	14.23	13.86	13.08	14.21	9.76	8.05
Long-Term Deferred Tax Liabilities	3.53	3.7	4.85	5.15	5.9	2.24
Other Long-Term Liabilities	3.3	2.78	-	-	-	-
Total Liabilities	351.34	344.95	338.3	185.84	221.24	89.05
Common Stock	104	104	104	104	80	80
Additional Paid-In Capital	527.33	527.33	527.33	527.33	551.33	551.33
Retained Earnings	436.06	410.55	393.49	323.36	238.44	146.4
Comprehensive Income & Other	-0.04	-0.04	-	-	-	-
Total Common Equity	1,067	1,042	1,025	954.69	869.77	777.73
Minority Interest	-	-	-	17.41	-	-
Shareholders' Equity	1,067	1,042	1,025	972.1	869.77	777.73
Total Liabilities & Equity	1,419	1,387	1,363	1,158	1,091	866.78
Total Debt	110.38	104.48	106.15	15.74	23.36	0.7
Net Cash (Debt)	695.09	715.65	826.67	800.8	733.83	561.31
Net Cash Growth	-17.05%	-13.43%	3.23%	9.13%	30.74%	121.54%
Net Cash Per Share	6.71	6.86	7.91	7.68	6.96	7.00
Filing Date Shares Outstanding	102.04	103.74	104	104	104	104
Total Common Shares Outstanding	102.04	103.74	104	104	104	104
Working Capital	714.87	726.62	825.48	848.23	759.56	691.34
Book Value Per Share	10.46	10.04	9.85	9.18	8.36	7.48
Tangible Book Value	1,022	1,010	992.08	920.28	859.22	767.45
Tangible Book Value Per Share	10.01	9.74	9.54	8.85	8.26	7.38
Buildings	-	-	33.46	33.42	33.52	33.52
Machinery	-	-	172.64	161.6	149.63	121.5
Construction In Progress	-	-	81.67	0.97	8.39	1.39

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