SHE:301149 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	741.61	1,137	617.9	442.03	398.84	816.38
Short-Term Investments	21.31	46.25	159.55	31.1	-	-
Trading Asset Securities	346.55	131.34	146.16	327.84	278.89	71.24
Cash & Short-Term Investments	1,109	1,315	923.62	800.97	677.73	887.62
Cash Growth	22.23%	42.35%	15.31%	18.18%	-23.65%	271.33%
Accounts Receivable	355.05	263.38	241.28	261.02	128.08	118.77
Other Receivables	1.76	72.29	73.15	21.63	62.46	6.46
Receivables	356.81	335.67	314.44	282.65	190.54	125.23
Inventory	502.73	369.68	357.29	251.63	195.42	247.1
Prepaid Expenses	-	-	-	-	0.3	-
Other Current Assets	372.27	145.42	85.72	62.77	12.79	21.28
Total Current Assets	2,341	2,166	1,681	1,398	1,077	1,281
Property, Plant & Equipment	1,478	1,478	1,233	824.88	441.74	368.34
Long-Term Investments	131.06	10.86	62.14	146.57	131.93	30.04
Other Intangible Assets	198.73	199.91	204.43	206.39	78.51	42.67
Long-Term Deferred Tax Assets	25.19	21.97	11.13	6.42	3.31	2.84
Other Long-Term Assets	40.27	46.29	40.87	63.02	170.02	14.99
Total Assets	4,215	3,923	3,232	2,645	1,902	1,740
Accounts Payable	980.22	734.57	242.4	131.64	81.86	77.8
Accrued Expenses	7.49	13.92	10.54	9.96	5.88	5.74
Short-Term Debt	-	30	-	136.27	-	-
Current Portion of Long-Term Debt	311.79	227.04	318.36	3.11	-	-
Current Portion of Leases	-	0.91	1.03	0.61	0.64	0.57
Current Income Taxes Payable	16.54	8.44	3.21	14.65	8.4	8.34
Current Unearned Revenue	233.95	180.59	185.39	161.11	138.53	89.7
Other Current Liabilities	49.85	72.77	61.91	72.29	32.82	18.75
Total Current Liabilities	1,600	1,268	822.84	529.64	268.13	200.91
Long-Term Debt	173.35	263.46	490.19	271.3	-	-
Long-Term Leases	-	-	0.34	0.63	-	0.71
Long-Term Unearned Revenue	13.78	12.14	-	-	-	-
Long-Term Deferred Tax Liabilities	-	-	-	-	-	0.19
Total Liabilities	1,787	1,544	1,313	801.57	268.13	201.8
Common Stock	430	430	430	430	430	430
Additional Paid-In Capital	584.92	584.92	574.44	574.44	574.44	574.44
Retained Earnings	1,047	1,001	875.92	799.14	594.11	510.12
Comprehensive Income & Other	50.27	46.4	38.54	40.14	35.6	23.75
Total Common Equity	2,113	2,062	1,919	1,844	1,634	1,538
Minority Interest	315.41	316.7	-	-	-	-
Shareholders' Equity	2,428	2,379	1,919	1,844	1,634	1,538
Total Liabilities & Equity	4,215	3,923	3,232	2,645	1,902	1,740
Total Debt	485.15	521.4	809.92	411.92	0.64	1.28
Net Cash (Debt)	624.32	793.37	113.7	389.05	677.1	886.34
Net Cash Growth	-	597.78%	-70.78%	-42.54%	-23.61%	270.79%
Net Cash Per Share	1.46	1.84	0.27	0.91	1.60	2.42
Filing Date Shares Outstanding	430	430	430	430	430	430
Total Common Shares Outstanding	430	430	430	430	430	430
Working Capital	741.44	897.3	858.22	868.38	808.65	1,080
Book Value Per Share	4.91	4.80	4.46	4.29	3.80	3.58
Tangible Book Value	1,914	1,862	1,714	1,637	1,556	1,496
Tangible Book Value Per Share	4.45	4.33	3.99	3.81	3.62	3.48
Buildings	-	314.26	275.28	129.92	110.83	114.49
Machinery	-	1,231	988.46	493.22	483.67	341.1
Construction In Progress	-	301.08	233.96	425	78.48	104.61

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