SHE:301125 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	75.9	77.87	58.65	72.81	147.64	28.3
Trading Asset Securities	-	-	-	-	50	-
Cash & Short-Term Investments	75.9	77.87	58.65	72.81	197.64	28.3
Cash Growth	131.57%	32.76%	-19.44%	-63.16%	598.42%	-45.24%
Accounts Receivable	142.98	133.81	81.41	40.07	15.52	55.47
Other Receivables	25.94	9.59	5.26	2.74	2.13	7.33
Receivables	168.92	143.4	86.67	42.81	17.64	62.8
Inventory	148.43	133.1	132.12	124.68	81.97	93.27
Prepaid Expenses	-	-	-	-	0.46	-
Other Current Assets	41.28	38.97	47.72	69.17	33.25	13.35
Total Current Assets	434.54	393.34	325.16	309.47	330.96	197.72
Property, Plant & Equipment	554.88	565.77	552.4	577.53	300.6	205.04
Long-Term Investments	-	-	-	-	0.77	-
Goodwill	19.03	19.03	19.03	19.03	-	-
Other Intangible Assets	120.12	121.37	124.52	148.62	78.22	74.79
Long-Term Deferred Tax Assets	4.39	3.74	3.52	6.72	5.33	4.81
Long-Term Deferred Charges	3.85	3.98	3.82	4.05	-	-
Other Long-Term Assets	32.75	32.51	35.1	3.88	3.4	2.41
Total Assets	1,170	1,140	1,064	1,069	719.28	484.76
Accounts Payable	129.76	126.56	112.34	121.05	35.78	38.45
Accrued Expenses	14.71	26.23	23.02	26.13	11.83	11.92
Short-Term Debt	30.03	29.87	30.02	63.05	9.81	83.11
Current Portion of Long-Term Debt	169.82	146.58	53.42	31.23	-	-
Current Portion of Leases	-	4.21	4.4	4.22	3.75	2.32
Current Income Taxes Payable	3.62	0.41	0.35	5.51	0.37	2.38
Current Unearned Revenue	28.31	16.96	14.5	20.65	14.52	18.05
Other Current Liabilities	7.46	6.18	3.14	4.73	1.94	0.54
Total Current Liabilities	383.72	357.01	241.19	276.58	78	156.77
Long-Term Debt	137.09	108.3	152.13	107.48	-	-
Long-Term Leases	16.16	17.94	-	4.4	2.57	5.97
Long-Term Unearned Revenue	2.2	2.37	3.07	3.77	4.26	3.4
Long-Term Deferred Tax Liabilities	-	0.16	-	0.39	7.01	5.4
Other Long-Term Liabilities	-	-	-	14.55	-	-
Total Liabilities	539.16	485.78	396.39	407.17	91.85	171.54
Common Stock	141.76	141.76	141.76	101.36	72.4	54.3
Additional Paid-In Capital	395.14	394.64	398.15	419.45	441.54	116.77
Retained Earnings	45.01	65.78	65.13	57.77	110.92	139.83
Treasury Stock	-5.02	-5.02	-5.02	-	-	-
Comprehensive Income & Other	4.43	4.24	3.42	3.03	2.56	2.32
Total Common Equity	581.31	601.38	603.44	581.61	627.43	313.22
Minority Interest	49.09	52.57	63.72	80.53	-	-
Shareholders' Equity	630.4	653.95	667.16	662.14	627.43	313.22
Total Liabilities & Equity	1,170	1,140	1,064	1,069	719.28	484.76
Total Debt	353.1	306.9	239.97	210.38	16.13	91.4
Net Cash (Debt)	-277.19	-229.03	-181.32	-137.57	181.51	-63.1
Net Cash Per Share	-1.40	-1.15	-0.91	-0.69	1.02	-0.42
Filing Date Shares Outstanding	197.95	197.95	197.95	198.67	198.67	149
Total Common Shares Outstanding	197.95	197.95	197.95	198.67	198.67	149
Working Capital	50.82	36.33	83.98	32.89	252.95	40.95
Book Value Per Share	2.94	3.04	3.05	2.93	3.16	2.10
Tangible Book Value	442.17	460.99	459.89	413.96	549.2	238.43
Tangible Book Value Per Share	2.23	2.33	2.32	2.08	2.76	1.60
Buildings	-	456.3	454.68	495.33	71.85	71.85
Machinery	-	224.29	188.75	138.4	76.78	68.26
Construction In Progress	-	11.41	10.34	16.5	202.52	100.14