SHE:301128 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

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	315.6	298.41	321.34	106.82	379.64	573.42
Short-Term Investments	-	-	-	-	-	17
Trading Asset Securities	50.23	51.25	40.59	307.7	127.85	-
Cash & Short-Term Investments	365.83	349.66	361.94	414.52	507.49	590.42
Cash Growth	-11.29%	-3.39%	-12.69%	-18.32%	-14.04%	503.63%
Accounts Receivable	833.66	676.79	509.87	347.47	172.26	160.78
Other Receivables	22.94	10.9	7.71	6.34	4.89	2.5
Receivables	856.6	687.69	517.58	353.81	177.15	163.27
Inventory	525.73	371.36	332.36	122.34	76.23	47.03
Other Current Assets	148.63	33.48	42.82	2.91	3.99	4.61
Total Current Assets	1,897	1,442	1,255	893.58	764.87	805.33
Property, Plant & Equipment	405.79	299.72	246.25	213.95	192.72	94.03
Long-Term Investments	11.09	72.46	-	5	-	-
Goodwill	175.91	163.55	29.78	29.78	6.7	-
Other Intangible Assets	53.8	29.96	11.79	12.79	3.83	3.1
Long-Term Deferred Tax Assets	37.25	27.3	25.36	23.92	16.95	6.11
Long-Term Deferred Charges	18.02	14.58	9.99	4.66	1.75	2.23
Other Long-Term Assets	85.77	62.89	7.33	4.66	5.99	2.51
Total Assets	2,684	2,113	1,585	1,188	992.81	913.3

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
Accounts Payable	593.91	381.92	356.74	141.83	53.42	39.07
Accrued Expenses	41.52	71.06	45.82	40.04	21.22	15.18
Short-Term Debt	329.81	199.96	59.73	7.5	-	-
Current Portion of Long-Term Debt	85.03	12.37	-	-	-	-
Current Portion of Leases	-	34.62	28.77	19.45	12.89	8.77
Current Income Taxes Payable	13.68	9.39	8.59	2.44	2.82	1.39
Current Unearned Revenue	102.33	97.31	76.68	15.81	3.08	1.61
Other Current Liabilities	72.21	35.68	8.68	12	1.26	12.52
Total Current Liabilities	1,238	842.31	585.01	239.07	94.69	78.53
Long-Term Debt	159.2	153.9	-	-	-	-
Long-Term Leases	49.34	42.68	40	41.57	42.37	-
Long-Term Unearned Revenue	21.03	18.57	14.34	14.72	16.25	6.48
Long-Term Deferred Tax Liabilities	25.53	16.27	16.6	18.14	15.57	8.35
Total Liabilities	1,494	1,074	655.94	313.5	168.89	93.36

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
Common Stock	103.44	103.44	73.89	73.89	73.89	73.89
Additional Paid-In Capital	467.06	467.06	549.03	563.19	563.19	563.19
Retained Earnings	366.7	346.35	249.03	203.21	184.41	182.87
Total Common Equity	937.2	916.86	871.95	840.28	821.48	819.95
Minority Interest	253.63	122.05	57.29	34.56	2.44	-
Shareholders' Equity	1,191	1,039	929.25	874.84	823.92	819.95
Total Liabilities & Equity	2,684	2,113	1,585	1,188	992.81	913.3

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
Total Debt	623.38	443.53	128.5	68.51	55.27	8.77
Net Cash (Debt)	-257.55	-93.88	233.44	346.01	452.23	581.65
Net Cash Growth	-	-	-32.53%	-23.49%	-22.25%	494.66%
Net Cash Per Share	-1.78	-0.65	1.61	2.39	3.12	5.21
Filing Date Shares Outstanding	144.82	144.82	144.82	144.82	144.82	144.82
Total Common Shares Outstanding	144.82	144.82	144.82	144.82	144.82	144.82
Working Capital	658.3	599.87	669.68	654.51	670.18	726.79
Book Value Per Share	6.47	6.33	6.02	5.80	5.67	5.66
Tangible Book Value	707.48	723.35	830.39	797.72	810.94	816.84
Tangible Book Value Per Share	4.89	4.99	5.73	5.51	5.60	5.64
Buildings	-	7.89	-	-	-	-
Machinery	-	322.81	260.69	217.35	173.82	109.17
Construction In Progress	-	1.37	-	-	0.98	-