SHE:301141 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	Dec '21 Dec 31, 2021
Cash & Equivalents	339.03	393.36	234.7	850.73	85.73	24.43
Trading Asset Securities	-	-	346.82	-	-	-
Cash & Short-Term Investments	339.03	393.36	581.52	850.73	85.73	24.43
Cash Growth	-33.45%	-32.36%	-31.64%	892.31%	250.89%	-33.91%
Accounts Receivable	432.61	397.95	289.57	229.85	248.47	262.09
Other Receivables	5.35	6.61	2.13	4.21	0.03	0.08
Receivables	437.96	404.56	291.7	234.06	248.49	262.17
Inventory	324.91	266.92	159.4	143.74	123.62	176.77
Other Current Assets	17.62	14.21	3.92	2.97	9.91	7.3
Total Current Assets	1,120	1,079	1,037	1,231	467.76	470.68
Property, Plant & Equipment	660.42	648.79	373.31	151.4	118.21	114.71
Other Intangible Assets	56.21	56.63	52.7	53.03	6.98	7.27
Long-Term Deferred Tax Assets	17.8	17.47	8.8	4.68	4.53	3.76
Long-Term Deferred Charges	8.64	9.16	2.79	1.54	1.13	1.7
Other Long-Term Assets	70.18	18.74	102.77	12.96	9.42	18.82
Total Assets	1,933	1,830	1,577	1,455	608.03	616.94
Accounts Payable	371.73	333.52	221.42	103.17	73.61	78.54
Accrued Expenses	18.27	23.52	31.04	24.96	20.41	21.55
Short-Term Debt	138.99	81.24	-	18.59	44.26	129.88
Current Portion of Long-Term Debt	3.05	1.21	-	-	-	-
Current Portion of Leases	-	-	0.13	0.06	0.1	0.1
Current Income Taxes Payable	10.89	10.49	3.48	1.9	0.17	5.77
Current Unearned Revenue	1.75	2.09	0.53	7.58	1.2	0.7
Other Current Liabilities	15.04	14.59	24.61	14.79	39.47	47.43
Total Current Liabilities	559.73	466.67	281.21	171.06	179.21	283.96
Long-Term Leases	11.09	5.74	0.18	-	0.06	0.16
Long-Term Unearned Revenue	76.34	76.97	37.26	15.98	15.32	9.33
Long-Term Deferred Tax Liabilities	-	-	-	-	0.56	-
Total Liabilities	647.16	549.37	318.65	187.05	195.16	293.45
Common Stock	124.03	124.03	124.03	88.59	66.44	66.44
Additional Paid-In Capital	842.9	842.9	842.9	878.34	75.66	75.66
Retained Earnings	318.13	311.96	291.16	301.17	270.76	181.38
Comprehensive Income & Other	-2.09	-1.51	0.17	-0.05	-	-
Total Common Equity	1,283	1,277	1,258	1,268	412.87	323.49
Minority Interest	2.61	3.09	-	-	-	-
Shareholders' Equity	1,286	1,280	1,258	1,268	412.87	323.49
Total Liabilities & Equity	1,933	1,830	1,577	1,455	608.03	616.94
Total Debt	153.13	88.19	0.31	18.65	44.42	130.14
Net Cash (Debt)	185.9	305.16	581.21	832.08	41.31	-105.71
Net Cash Growth	-62.92%	-47.49%	-30.15%	1914.27%	-	-
Net Cash Per Share	1.51	2.48	4.56	7.16	0.45	-1.14
Filing Date Shares Outstanding	123.52	130.98	124.03	124.03	91.7	93.02
Total Common Shares Outstanding	123.52	130.98	124.03	124.03	91.7	93.02
Working Capital	559.79	612.39	755.33	1,060	288.55	186.71
Book Value Per Share	10.39	9.75	10.14	10.22	4.50	3.48
Tangible Book Value	1,227	1,221	1,206	1,215	405.89	316.22
Tangible Book Value Per Share	9.93	9.32	9.72	9.80	4.43	3.40
Buildings	-	-	133.8	64.93	56.26	56.26
Machinery	-	-	219.92	132.99	128.28	111.85
Construction In Progress	-	-	118.12	36.17	0.28	0.28

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