SHE:301178 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	333.09	307.38	334.62	506.72	595.49	653.7
Trading Asset Securities	-	-	-	20.02	-	-
Cash & Short-Term Investments	333.09	307.38	334.62	526.73	595.49	653.7
Cash Growth	13.38%	-8.14%	-36.47%	-11.55%	-8.91%	256.67%
Accounts Receivable	320.97	327.01	306.47	335.13	306.81	227.51
Other Receivables	8.45	7.78	3.82	5.48	6.43	0.83
Receivables	329.42	334.79	310.29	340.61	313.24	228.33
Inventory	83.35	89.76	81.22	37.31	40.15	55.24
Prepaid Expenses	-	2.93	2.17	-	-	0
Other Current Assets	111.66	72.61	68.75	16.72	29.72	20.86
Total Current Assets	857.53	807.47	797.05	921.38	978.6	958.14
Property, Plant & Equipment	445.5	528.08	484.36	77.76	9.57	13.99
Long-Term Investments	4.08	4.08	4.08	4.08	5	5
Goodwill	1.88	1.88	1.88	4.49	2.68	2.68
Other Intangible Assets	0.24	0.53	0.17	1.16	2.1	3.27
Long-Term Accounts Receivable	-	54.45	11.51	2.8	3.82	11.96
Long-Term Deferred Tax Assets	42.78	44.83	31.82	20.21	13.8	11.47
Long-Term Deferred Charges	4.27	4.46	2.89	0.56	0.84	1.7
Other Long-Term Assets	50.41	-	-	11.89	-	-
Total Assets	1,407	1,446	1,334	1,044	1,016	1,008
Accounts Payable	80.14	104.49	310.7	90.92	63.98	77.87
Accrued Expenses	5.93	62.98	61.2	49.88	43.53	46.8
Short-Term Debt	85.58	75.39	46.22	10.92	2	-
Current Portion of Long-Term Debt	68.8	64.57	4.48	-	-	-
Current Portion of Leases	-	3.41	2.73	3.43	2.31	4
Current Income Taxes Payable	49.1	0.05	0.07	2.56	4.73	6.57
Current Unearned Revenue	39.02	42.61	48.56	9.78	29.97	39.5
Other Current Liabilities	23.04	22.98	29.17	30.66	18.9	1.17
Total Current Liabilities	351.61	376.47	503.14	198.15	165.44	175.9
Long-Term Debt	203.29	252.56	51.24	-	-	-
Long-Term Leases	5.93	11	5.79	3.01	3.77	5.54
Long-Term Deferred Tax Liabilities	15.37	16.23	7.18	6.89	7.97	8.3
Other Long-Term Liabilities	38.14	-	-	-	-	-
Total Liabilities	614.34	656.27	567.35	208.05	177.18	189.74
Common Stock	66.85	66.85	67.11	67.24	65.96	47.11
Additional Paid-In Capital	608.69	605.85	598.3	590.69	572.22	591.06
Retained Earnings	154.61	153.7	146.19	202.35	201.24	180.52
Treasury Stock	-48.69	-48.69	-52.74	-27.88	-	-
Comprehensive Income & Other	-0.79	-0.7	-0.6	-0.67	0.13	0.09
Total Common Equity	780.67	777.01	758.25	831.73	839.55	818.79
Minority Interest	11.68	12.49	8.17	4.55	-0.32	-0.32
Shareholders' Equity	792.36	789.5	766.42	836.28	839.23	818.47
Total Liabilities & Equity	1,407	1,446	1,334	1,044	1,016	1,008
Total Debt	363.6	406.93	110.47	17.36	8.08	9.54
Net Cash (Debt)	-30.52	-99.54	224.16	509.37	587.41	644.16
Net Cash Growth	-	-	-55.99%	-13.29%	-8.81%	261.34%
Net Cash Per Share	-0.45	-1.46	3.35	7.97	8.91	12.62
Filing Date Shares Outstanding	66.85	65.63	66.1	66.76	65.96	65.96
Total Common Shares Outstanding	66.85	65.63	66.1	66.76	65.96	65.96
Working Capital	505.92	431	293.91	723.23	813.16	782.24
Book Value Per Share	11.68	11.84	11.47	12.46	12.73	12.41
Tangible Book Value	778.56	774.61	756.21	826.08	834.77	812.84
Tangible Book Value Per Share	11.65	11.80	11.44	12.37	12.66	12.32
Buildings	-	81.15	80.82	69.92	2.24	2.24
Machinery	-	484.1	52.75	9.03	8.38	8.27
Construction In Progress	-	-	350.74	-	-	-

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