SHE:301131 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	118.65	149.8	266.53	201.95	157.83	91.49
Short-Term Investments	-	-	26.56	-	50.75	-
Trading Asset Securities	-	-	60.1	-	-	-
Cash & Short-Term Investments	118.65	149.8	353.19	201.95	208.59	91.49
Cash Growth	-59.67%	-57.59%	74.89%	-3.18%	128.00%	-17.25%
Accounts Receivable	774.53	877.54	803.82	751.69	640.32	646.45
Other Receivables	11.31	11.38	4.45	5.88	9.1	2.07
Receivables	785.84	888.92	808.28	757.57	649.42	648.52
Inventory	341.49	226.07	253.91	250.08	240.59	239.52
Prepaid Expenses	-	-	-	-	-	4.31
Other Current Assets	58.35	30.27	38.59	34.49	11.33	26.03
Total Current Assets	1,304	1,295	1,454	1,244	1,110	1,010
Property, Plant & Equipment	624.43	611.94	500.91	368.14	274.34	200.1
Long-Term Investments	-	-	10.27	10.24	-	-
Other Intangible Assets	55.69	56.15	57.2	38.16	20.08	20.61
Long-Term Deferred Tax Assets	4.94	4.97	4.22	4.03	4.73	5.62
Long-Term Deferred Charges	2.85	3.49	5.2	5.24	3.87	2.43
Other Long-Term Assets	20.29	26.95	11	7.7	11.32	4.84
Total Assets	2,013	1,999	2,043	1,678	1,424	1,243
Accounts Payable	270.9	265.38	308.67	280.12	169.06	184.98
Accrued Expenses	6.18	7.27	8.23	10.89	9.28	12.5
Short-Term Debt	126.68	184.56	291	356.45	319.54	322.4
Current Portion of Long-Term Debt	192.57	174.36	80.84	147.33	17.59	30.32
Current Income Taxes Payable	2.88	12.23	0.15	-	-	-
Current Unearned Revenue	13.57	3.28	1.21	1.49	1.13	3.1
Other Current Liabilities	10.76	8.13	10.26	5.13	36.39	130.65
Total Current Liabilities	623.53	655.21	700.36	801.41	552.99	683.95
Long-Term Debt	286.3	476.41	482.17	67.25	81.16	86.61
Long-Term Unearned Revenue	14.74	15.25	14.05	12.65	14.37	16.52
Long-Term Deferred Tax Liabilities	3.42	6.76	0.99	-	-	-
Other Long-Term Liabilities	1.83	1.83	-	-	-	-
Total Liabilities	929.82	1,155	1,198	881.3	648.52	787.08
Common Stock	54.66	47.79	47.78	47.78	47.78	35.83
Additional Paid-In Capital	757.57	505.48	504.96	495.77	495.77	198.48
Retained Earnings	293.7	284.45	280.87	260.07	232.47	221.87
Comprehensive Income & Other	2.32	30.95	37.16	1.8	1.49	0.21
Total Common Equity	1,108	868.68	870.77	805.42	777.52	456.38
Minority Interest	-25.56	-25.56	-25.56	-9.13	-1.76	-
Shareholders' Equity	1,083	843.11	845.21	796.29	775.76	456.38
Total Liabilities & Equity	2,013	1,999	2,043	1,678	1,424	1,243
Total Debt	605.55	835.33	854	571.02	418.29	439.33
Net Cash (Debt)	-486.9	-685.53	-500.81	-369.07	-209.7	-347.85
Net Cash Per Share	-9.56	-13.86	-10.26	-7.72	-4.68	-9.71
Filing Date Shares Outstanding	53.77	47.82	47.78	47.78	47.78	35.83
Total Common Shares Outstanding	53.77	47.82	47.78	47.78	47.78	35.83
Working Capital	680.8	639.86	753.61	442.68	556.95	325.91
Book Value Per Share	20.61	18.17	18.22	16.86	16.27	12.74
Tangible Book Value	1,053	812.52	813.57	767.26	757.44	435.78
Tangible Book Value Per Share	19.58	16.99	17.03	16.06	15.85	12.16
Buildings	-	-	296.76	168.12	118.37	113.34
Machinery	-	-	267.22	201.43	161.44	111.82
Construction In Progress	-	-	51.4	88.01	62.75	27.19

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