SHE:301176 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	230.92	227.38	104.18	278.46	336.36	90.57
Trading Asset Securities	-	-	0.67	-	100.27	-
Cash & Short-Term Investments	230.92	227.38	104.84	278.46	436.63	90.57
Cash Growth	49.19%	116.88%	-62.35%	-36.23%	382.11%	25.58%
Accounts Receivable	983.02	875.73	768.58	625.54	667.29	488.23
Other Receivables	2.18	1.74	1.8	1.97	0.76	0.61
Receivables	985.2	877.47	770.39	627.5	668.05	488.84
Inventory	422.08	377.15	239.28	231.98	209.01	184.91
Prepaid Expenses	-	-	0.6	0.18	0.25	0.19
Other Current Assets	66.23	33	41.89	17.08	60.29	58.14
Total Current Assets	1,704	1,515	1,157	1,155	1,374	822.65
Property, Plant & Equipment	1,120	1,113	1,043	805.18	741.84	638.94
Other Intangible Assets	35.39	35.7	36.79	37.93	39.13	39.52
Long-Term Deferred Tax Assets	69.37	69.14	51.19	38.46	26.44	5.33
Long-Term Deferred Charges	1.64	1.81	0.18	0.27	0.42	0.64
Other Long-Term Assets	26.15	7.79	16.8	37.42	20.42	13.45
Total Assets	2,957	2,743	2,305	2,074	2,202	1,521
Accounts Payable	981.73	743.3	466.72	275.05	294.82	172.47
Accrued Expenses	10.59	15.3	17.76	13.22	15.73	10.63
Short-Term Debt	344.66	383.88	215.12	91.14	69.54	165.49
Current Portion of Long-Term Debt	0.45	0.57	-	-	-	159.57
Current Portion of Leases	-	-	0.81	0.23	51.53	10.9
Current Income Taxes Payable	1.38	1.5	-	-	-	3.1
Current Unearned Revenue	2.69	0.24	0.15	0.07	0.29	0.46
Other Current Liabilities	102.1	92.58	49.66	63.65	64	52.48
Total Current Liabilities	1,444	1,237	750.22	443.36	495.9	575.09
Long-Term Debt	-	-	-	-	-	245.1
Long-Term Leases	0.81	0.8	0.72	0.98	23.58	3
Long-Term Unearned Revenue	15.62	16.15	1.82	2.45	3.08	3.71
Long-Term Deferred Tax Liabilities	10.13	10.37	11.32	11.84	12.54	-
Total Liabilities	1,470	1,265	764.08	458.62	535.1	826.9
Common Stock	169.07	169.07	169.07	169.07	169.07	126.8
Additional Paid-In Capital	1,173	1,173	1,173	1,173	1,173	311.72
Retained Earnings	185.78	176.39	235.01	273.87	325.43	255.1
Treasury Stock	-40.5	-40.5	-35.9	-	-	-
Shareholders' Equity	1,487	1,478	1,541	1,616	1,667	693.62
Total Liabilities & Equity	2,957	2,743	2,305	2,074	2,202	1,521
Total Debt	345.92	385.25	216.65	92.35	144.65	584.06
Net Cash (Debt)	-115	-157.86	-111.81	186.1	291.98	-493.49
Net Cash Growth	-	-	-	-36.26%	-	-
Net Cash Per Share	-0.70	-0.95	-0.66	1.07	2.12	-3.88
Filing Date Shares Outstanding	165.62	154.8	165.79	169.07	169.07	126.8
Total Common Shares Outstanding	165.62	154.8	165.79	169.07	169.07	126.8
Working Capital	260.83	277.65	406.79	711.84	878.34	247.56
Book Value Per Share	8.98	9.55	9.30	9.56	9.86	5.47
Tangible Book Value	1,452	1,442	1,504	1,578	1,628	654.1
Tangible Book Value Per Share	8.77	9.32	9.07	9.33	9.63	5.16
Buildings	-	-	307.01	288.09	287.62	279.37
Machinery	-	-	727.15	666.08	529.15	494.22
Construction In Progress	-	-	382.63	161.82	180.65	67.85

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