SHE:301153 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	872.69	1,682	1,617	1,745	1,374	579.66
Short-Term Investments	-	-	32.96	144.4	317.74	314.57
Trading Asset Securities	905	185	100	-	185	-
Cash & Short-Term Investments	1,778	1,867	1,750	1,889	1,877	894.22
Cash Growth	8.91%	6.70%	-7.40%	0.69%	109.85%	29.51%
Accounts Receivable	412.22	404.73	403.01	350.69	179.47	162.67
Other Receivables	10.97	38.19	51.16	45.87	50.26	46.08
Receivables	423.19	442.92	454.17	396.56	229.72	208.74
Inventory	55.48	50.8	52.87	44.42	53.69	33.77
Other Current Assets	34.96	4.52	6.04	7.23	30.25	36.76
Total Current Assets	2,291	2,365	2,263	2,338	2,190	1,173
Property, Plant & Equipment	4.16	5.36	8.24	11.52	10.68	13.22
Long-Term Investments	3.54	3.54	9.56	11.68	13.09	15.59
Goodwill	26.76	26.76	26.76	1.03	1.03	-
Other Intangible Assets	15.41	16.24	17.45	1.47	1.11	0.42
Long-Term Deferred Tax Assets	38.38	37.73	31.02	21.78	7.37	4.71
Long-Term Deferred Charges	0.13	0.27	0.74	1.77	1.89	2.76
Other Long-Term Assets	0.92	0.9	1.88	1.48	0.92	-
Total Assets	2,381	2,456	2,358	2,388	2,226	1,210
Accounts Payable	368.72	408.96	406.9	380.73	148.3	132.77
Accrued Expenses	24.8	76.14	61.43	88.19	86.4	85.02
Short-Term Debt	0.67	0.67	-	-	-	-
Current Portion of Leases	-	2.23	1.91	3.23	4.17	4.2
Current Income Taxes Payable	7.26	3.14	6.85	15.23	15.54	5.36
Current Unearned Revenue	59.36	56.8	67.26	71.16	383.2	384.69
Other Current Liabilities	14.48	14.13	15.53	9.6	31.97	31.47
Total Current Liabilities	477.03	562.05	559.87	568.13	669.58	643.51
Long-Term Leases	0.66	0.68	2.13	3.19	3.15	6.8
Long-Term Deferred Tax Liabilities	-	-	-	0.17	0.09	-
Total Liabilities	477.69	562.73	562	571.49	672.82	650.31
Common Stock	355.66	352.85	349.92	194.4	108	81
Additional Paid-In Capital	798.73	766.01	707.51	823.56	842.73	29.94
Retained Earnings	709.02	734.09	696.2	786.17	594.58	444.13
Comprehensive Income & Other	-5.12	-5.12	-	-	-	-
Total Common Equity	1,858	1,848	1,754	1,804	1,545	555.07
Minority Interest	44.64	45.32	42.68	12.82	8.19	4.82
Shareholders' Equity	1,903	1,893	1,796	1,817	1,553	559.88
Total Liabilities & Equity	2,381	2,456	2,358	2,388	2,226	1,210
Total Debt	3.06	3.57	4.04	6.42	7.32	11
Net Cash (Debt)	1,775	1,863	1,746	1,883	1,869	883.22
Net Cash Growth	8.99%	6.74%	-7.30%	0.74%	111.64%	27.92%
Net Cash Per Share	5.08	5.36	5.01	5.34	5.95	3.37
Filing Date Shares Outstanding	358.11	352.85	349.92	349.92	349.92	262.44
Total Common Shares Outstanding	358.11	352.85	349.92	349.92	349.92	262.44
Working Capital	1,814	1,803	1,703	1,770	1,521	529.98
Book Value Per Share	5.19	5.24	5.01	5.16	4.42	2.12
Tangible Book Value	1,816	1,805	1,709	1,802	1,543	554.65
Tangible Book Value Per Share	5.07	5.12	4.89	5.15	4.41	2.11
Machinery	-	8.42	8.31	8.21	5.84	4.51

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