SHE:301161 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	160.69	166.72	306.57	388.72	410.85	10.22
Trading Asset Securities	0.03	4.3	24.3	10	-	-
Cash & Short-Term Investments	160.71	171.02	330.87	398.72	410.85	10.22
Cash Growth	-51.13%	-48.31%	-17.02%	-2.95%	3921.35%	-15.03%
Accounts Receivable	522.32	545.91	529.02	319.66	307.47	313.68
Other Receivables	28.77	2.96	3.36	1.77	0.57	0.31
Receivables	551.1	548.86	532.37	321.43	308.04	313.99
Inventory	166.81	160.31	168.01	143.84	132.36	128.84
Prepaid Expenses	-	-	-	-	1	-
Other Current Assets	10.89	8.71	10.85	6.84	8.92	20.15
Total Current Assets	889.51	888.91	1,042	870.82	861.16	473.2
Property, Plant & Equipment	215.2	220.13	225.44	136.21	133.29	129.11
Long-Term Investments	0.38	0.38	-	-	-	-
Goodwill	103.49	103.49	103.49	-	-	-
Other Intangible Assets	24.82	23.04	25.05	10.38	10.68	11.15
Long-Term Deferred Tax Assets	19.63	19.82	18.42	11.11	12.27	6.02
Long-Term Deferred Charges	14.51	14.35	15.2	1.71	0.59	2.09
Other Long-Term Assets	9.01	5.89	3.59	1.92	1.86	0.24
Total Assets	1,277	1,276	1,433	1,032	1,020	621.82
Accounts Payable	123.22	126.8	117.68	72.89	63.07	75.21
Accrued Expenses	31.44	50.21	42.95	17.38	17.83	11.53
Short-Term Debt	-	-	3.5	-	2	76.33
Current Portion of Long-Term Debt	-	-	-	-	-	10.06
Current Portion of Leases	12.4	14.51	16.1	1.57	0.76	0.83
Current Income Taxes Payable	7.83	1.55	4.94	-	3.64	0.75
Current Unearned Revenue	5.57	4.4	6.97	0.56	0.96	0.41
Other Current Liabilities	75.04	73.34	51.35	5.32	15.28	30.35
Total Current Liabilities	255.5	270.82	243.49	97.71	103.53	205.47
Long-Term Debt	-	19	19	-	-	36.63
Long-Term Leases	55.8	55.82	63.45	1.87	0.59	1.35
Total Liabilities	311.29	345.63	325.94	99.58	104.12	243.45
Common Stock	120	120	120	120	120	90
Additional Paid-In Capital	525.63	524.66	639.55	639.55	639.55	178.51
Retained Earnings	324.7	295.43	219.06	173.09	156.4	110.19
Treasury Stock	-9.6	-9.6	-	-	-	-
Comprehensive Income & Other	-0.23	-0.12	-0.11	-0.08	-0.21	-0.34
Total Common Equity	960.51	930.37	978.5	932.56	915.74	378.36
Minority Interest	4.75	-	128.86	-	-	-
Shareholders' Equity	965.26	930.37	1,107	932.56	915.74	378.36
Total Liabilities & Equity	1,277	1,276	1,433	1,032	1,020	621.82
Total Debt	68.19	89.32	102.05	3.44	3.35	125.21
Net Cash (Debt)	92.52	81.69	228.83	395.28	407.5	-114.99
Net Cash Growth	-60.77%	-64.30%	-42.11%	-3.00%	-	-
Net Cash Per Share	0.77	0.69	1.89	3.30	4.15	-1.27
Filing Date Shares Outstanding	120	120	120	120	120	90
Total Common Shares Outstanding	120	120	120	120	120	90
Working Capital	634.01	618.09	798.61	773.11	757.63	267.73
Book Value Per Share	8.00	7.75	8.15	7.77	7.63	4.20
Tangible Book Value	832.19	803.84	849.96	922.18	905.06	367.22
Tangible Book Value Per Share	6.93	6.70	7.08	7.68	7.54	4.08
Land	-	-	-	-	89.21	-
Buildings	-	88.59	89.05	88.58	-	88.42
Machinery	-	147.74	131.58	87.75	77.49	59.29
Construction In Progress	-	4.53	2.57	2.96	1.38	6.06