SHE:301180 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	112.81	121.09	164.49	223.86	249.95	483.8
Short-Term Investments	-	28.18	14.39	-	-	-
Trading Asset Securities	-	-	-	50	144.85	-
Cash & Short-Term Investments	112.81	149.27	178.88	273.86	394.8	483.8
Cash Growth	15.55%	-16.55%	-34.68%	-30.63%	-18.39%	683.22%
Accounts Receivable	524.21	565.24	423.55	296.38	327.31	450.05
Other Receivables	28.46	22.17	30.15	14.83	21.02	29.24
Receivables	552.68	587.41	453.7	311.21	348.32	479.28
Inventory	152.38	159.56	142.74	142.03	220.94	225.66
Other Current Assets	59.09	16.15	20.06	9.92	9.35	6.88
Total Current Assets	876.96	912.4	795.38	737.02	973.41	1,196
Property, Plant & Equipment	868.53	863.79	919.84	750	570.48	509.53
Goodwill	1.6	1.63	1.67	1.64	-	-
Other Intangible Assets	85.45	86.4	91.31	115.97	66.66	65.29
Long-Term Accounts Receivable	-	1.02	-	-	-	-
Long-Term Deferred Tax Assets	11.4	11.08	15.48	12.37	9.31	10.77
Long-Term Deferred Charges	40.33	40.32	16.29	12.09	5.94	5.2
Other Long-Term Assets	52.22	42.67	15.52	15.29	25.87	20.78
Total Assets	1,937	1,959	1,855	1,644	1,652	1,807

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	248.75	276.94	330.67	185.02	180.79	230.09
Accrued Expenses	15.06	21.07	16.65	18.55	20.45	22.8
Short-Term Debt	199.32	202.96	123.57	-	12.01	239.83
Current Portion of Long-Term Debt	-	-	-	-	-	8.04
Current Portion of Leases	-	-	3.49	3.29	2.97	4.15
Current Income Taxes Payable	8.88	0.86	6.87	4.26	11.1	15.42
Current Unearned Revenue	0.45	0.72	0.62	0.54	0.98	0.51
Other Current Liabilities	2.62	2.98	13.43	31.58	30.75	30.04
Total Current Liabilities	475.08	505.53	495.31	243.26	259.06	550.88
Long-Term Debt	144.35	90.07	-	-	-	28
Long-Term Leases	5.74	-	0.51	3.16	0.79	2
Long-Term Unearned Revenue	-	54.29	54.29	68.87	77.5	82.5
Long-Term Deferred Tax Liabilities	2.6	1.73	2.77	3.38	0.76	-
Total Liabilities	627.78	651.61	552.88	318.66	338.11	663.38

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	400.01	400.01	400.01	400.01	400.01	400.01
Additional Paid-In Capital	450.79	449.11	442.29	437.43	429.61	425.44
Retained Earnings	460.1	461.13	462.67	489.06	483.97	318.42
Comprehensive Income & Other	-2.13	-2.51	-2.36	-0.77	-0.04	-0.07
Total Common Equity	1,309	1,308	1,303	1,326	1,314	1,144
Minority Interest	-0.05	-0.05	-	-	-	-
Shareholders' Equity	1,309	1,308	1,303	1,326	1,314	1,144
Total Liabilities & Equity	1,937	1,959	1,855	1,644	1,652	1,807

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	349.42	293.02	127.57	6.45	15.77	282.02
Net Cash (Debt)	-236.61	-143.75	51.31	267.41	379.03	201.78
Net Cash Growth	-	-	-80.81%	-29.45%	87.85%	-
Net Cash Per Share	-0.59	-0.36	0.13	0.64	0.94	0.55
Filing Date Shares Outstanding	400.01	400.01	400.01	400.01	400.01	400.01
Total Common Shares Outstanding	400.01	400.01	400.01	400.01	400.01	400.01
Working Capital	401.88	406.86	300.07	493.76	714.35	644.74
Book Value Per Share	3.27	3.27	3.26	3.31	3.28	2.86
Tangible Book Value	1,222	1,220	1,210	1,208	1,247	1,079
Tangible Book Value Per Share	3.05	3.05	3.02	3.02	3.12	2.70
Buildings	-	616.17	576.85	377.04	301.69	310.44
Machinery	-	510.19	408.24	318.01	261.47	205.14
Construction In Progress	-	47.73	174.31	233.93	146.04	100.88