SHE:301178 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	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	362.42	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	370.87	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	70.22	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	48.58	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	1.83	-	-	11.89	-	-
Total Assets	1,407	1,446	1,334	1,044	1,016	1,008

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
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	241.42	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
Total Liabilities	614.34	656.27	567.35	208.05	177.18	189.74

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
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

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
Total Debt	401.74	406.93	110.47	17.36	8.08	9.54
Net Cash (Debt)	-68.65	-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	-0.72	-1.04	2.39	5.69	6.36	9.01
Filing Date Shares Outstanding	91.88	91.88	92.54	93.47	92.34	92.34
Total Common Shares Outstanding	91.88	91.88	92.54	93.47	92.34	92.34
Working Capital	505.92	431	293.91	723.23	813.16	782.24
Book Value Per Share	8.50	8.46	8.19	8.90	9.09	8.87
Tangible Book Value	778.56	774.61	756.21	826.08	834.77	812.84
Tangible Book Value Per Share	8.47	8.43	8.17	8.84	9.04	8.80
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	-	-	-