SHE:301173 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	281	257.19	125.46	333.8	323.61	351.99
Trading Asset Securities	775	703	171	60	30	-
Cash & Short-Term Investments	1,056	960.19	296.46	393.8	353.61	351.99
Cash Growth	19.25%	223.88%	-24.72%	11.36%	0.46%	156.76%
Accounts Receivable	408.91	723.4	871.77	1,362	1,092	789.29
Other Receivables	4.78	4.24	4.08	2.88	2.34	1.97
Receivables	413.69	727.64	875.86	1,365	1,094	791.26
Inventory	403.48	365.33	388.28	399.23	343.48	379.07
Prepaid Expenses	-	7.56	9.47	9.05	0.81	0.64
Other Current Assets	33.3	21.07	44.69	20.05	15.32	20.29
Total Current Assets	1,906	2,082	1,615	2,187	1,808	1,543
Property, Plant & Equipment	361.4	372.66	461.46	421.02	340.63	340.33
Long-Term Investments	21.35	21.35	-	-	-	-
Other Intangible Assets	40.98	43.23	56.94	54.37	56.11	52.07
Long-Term Accounts Receivable	6.73	8.01	8.22	6.16	1.53	5.42
Long-Term Deferred Tax Assets	42.95	44.38	47.7	36.42	24.62	24.5
Long-Term Deferred Charges	50.14	43.96	59.26	59.21	82.09	62.58
Other Long-Term Assets	36.52	37.26	10.21	14.4	1.13	3.99
Total Assets	2,467	2,653	2,259	2,779	2,314	2,032

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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Accounts Payable	710.75	874.91	958.81	1,779	1,393	1,245
Accrued Expenses	29.43	53.8	53.19	56.58	51.44	30.9
Short-Term Debt	-	-	40.03	41.04	245.3	304.48
Current Portion of Long-Term Debt	-	-	-	0.04	-	6.01
Current Portion of Leases	12.62	11.16	13.36	9.41	12.23	9.37
Current Income Taxes Payable	7.89	10.78	26.99	17.13	17.08	1.31
Current Unearned Revenue	16.28	15.73	4.04	7.51	5.34	3.53
Other Current Liabilities	22.52	36.61	111.89	50.94	37.25	56.87
Total Current Liabilities	799.47	1,003	1,208	1,961	1,761	1,658
Long-Term Debt	-	-	82.41	40.06	-	-
Long-Term Leases	57.44	59.1	80.4	79.48	37.17	41.08
Long-Term Unearned Revenue	8.19	8.63	11.86	11.71	9.08	8.51
Long-Term Deferred Tax Liabilities	12.11	12.72	18.29	15.78	8.34	10.09
Other Long-Term Liabilities	42	41.18	41.04	31.12	22.65	32.96
Total Liabilities	919.21	1,125	1,442	2,140	1,839	1,750

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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Common Stock	87.83	87.83	65.88	65.88	65.88	60.31
Additional Paid-In Capital	848.52	847.14	310.19	304.4	299.26	182.09
Retained Earnings	612.3	594.29	441.28	270.48	110.82	39.45
Total Common Equity	1,549	1,529	817.34	640.75	475.96	281.85
Minority Interest	-1.32	-1.26	-1.12	-1.56	-0.95	-
Shareholders' Equity	1,547	1,528	816.22	639.19	475.01	281.85
Total Liabilities & Equity	2,467	2,653	2,259	2,779	2,314	2,032

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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Total Debt	70.05	70.26	216.2	170.02	294.7	360.94
Net Cash (Debt)	985.95	889.93	80.26	223.77	58.91	-8.95
Net Cash Growth	43.99%	1008.87%	-64.13%	279.87%	-	-
Net Cash Per Share	11.00	10.57	1.22	3.40	0.98	-0.16
Filing Date Shares Outstanding	87.83	87.83	87.83	65.88	65.88	56.01
Total Common Shares Outstanding	87.83	87.83	65.88	65.88	65.88	56.01
Working Capital	1,107	1,079	406.44	225.76	46.12	-114.4
Book Value Per Share	17.63	17.41	12.41	9.73	7.23	5.03
Tangible Book Value	1,508	1,486	760.4	586.38	419.85	229.78
Tangible Book Value Per Share	17.16	16.92	11.54	8.90	6.37	4.10
Buildings	-	190.61	85.14	85.14	85.18	85.15
Machinery	-	419.04	419.16	398.34	387.5	337.96
Construction In Progress	-	1.82	148.87	86.36	15.06	18.67