SHE:301172 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	907.55	992.9	989.4	1,168	278.74	284.2
Cash & Short-Term Investments	957.55	992.9	989.4	1,168	278.74	284.2
Cash Growth	-1.69%	0.35%	-15.26%	318.88%	-1.92%	3.96%
Accounts Receivable	410.48	440.8	438.16	392.11	388.4	357.73
Other Receivables	7.03	6.87	5.85	5.77	9.14	13.28
Receivables	417.51	447.67	444.02	397.88	397.54	371.01
Inventory	260.19	222.96	158.58	158.27	180.83	247.94
Other Current Assets	43.82	34.43	12.2	8.68	5.7	13.39
Total Current Assets	1,679	1,698	1,604	1,732	862.81	916.53
Property, Plant & Equipment	159.59	129.78	13.97	4.8	2.7	4.73
Long-Term Investments	21.31	21.23	1.56	-	-	-
Goodwill	33.67	8.03	8.03	-	-	-
Other Intangible Assets	17.53	2.81	3.29	1.16	1.17	1.23
Long-Term Accounts Receivable	-	-	12.03	15.55	18.98	17.73
Long-Term Deferred Tax Assets	39.18	41.31	34.38	28.3	28.07	25.58
Long-Term Deferred Charges	1.51	-	-	-	-	0.47
Other Long-Term Assets	18.09	14.72	115.27	3.84	3.38	3.56
Total Assets	1,970	1,916	1,793	1,786	917.11	969.83
Accounts Payable	120.58	139.61	134.06	110	137.51	156.7
Accrued Expenses	4.2	8.01	10.51	10.66	13.13	18.31
Short-Term Debt	3.5	3.5	1.26	-	-	4.36
Current Portion of Long-Term Debt	0.94	0.97	-	-	-	-
Current Portion of Leases	-	-	1.44	2.28	1.41	2.45
Current Income Taxes Payable	5.16	12.96	4.29	4.19	6.37	8.49
Current Unearned Revenue	275.63	261.77	180.19	203.38	231.59	324.07
Other Current Liabilities	1.49	1.65	1.05	3.82	0.28	0.16
Total Current Liabilities	411.51	428.48	332.81	334.33	390.29	514.53
Long-Term Leases	0.82	-	-	1.49	0.22	1.25
Long-Term Unearned Revenue	0.2	0.2	-	-	-	-
Long-Term Deferred Tax Liabilities	2.75	0.63	0.53	0.55	0.22	-
Other Long-Term Liabilities	0.85	1.07	1.1	1.71	1.43	1.35
Total Liabilities	416.13	430.38	334.43	338.09	392.17	517.14
Common Stock	172.48	172.48	123.2	123.2	92.4	92.4
Additional Paid-In Capital	928.9	926.14	970.06	970.06	122.74	122.74
Retained Earnings	388.58	386.35	363.87	354.73	309.81	237.56
Total Common Equity	1,490	1,485	1,457	1,448	524.95	452.69
Minority Interest	63.86	0.49	1.15	-	-	-
Shareholders' Equity	1,554	1,485	1,458	1,448	524.95	452.69
Total Liabilities & Equity	1,970	1,916	1,793	1,786	917.11	969.83
Total Debt	5.27	4.48	2.71	3.78	1.63	8.06
Net Cash (Debt)	952.28	988.42	986.7	1,164	277.11	276.14
Net Cash Growth	-1.85%	0.18%	-15.22%	319.98%	0.35%	2.70%
Net Cash Per Share	5.49	5.71	5.66	7.87	2.14	2.13
Filing Date Shares Outstanding	172.94	172.35	172.48	172.48	129.36	129.36
Total Common Shares Outstanding	172.94	172.35	172.48	172.48	129.36	129.36
Working Capital	1,268	1,269	1,271	1,398	472.52	402
Book Value Per Share	8.62	8.62	8.45	8.40	4.06	3.50
Tangible Book Value	1,439	1,474	1,446	1,447	523.77	451.46
Tangible Book Value Per Share	8.32	8.55	8.38	8.39	4.05	3.49
Buildings	-	-	8.28	-	-	-
Machinery	-	-	7.9	5.03	4.69	4.77

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