SHE:301183 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	176.41	204.03	331.31	369.9	439.89	24.7
Trading Asset Securities	-	-	-	-	5	24.7
Cash & Short-Term Investments	176.41	204.03	331.31	369.9	444.89	49.4
Cash Growth	-47.89%	-38.42%	-10.43%	-16.86%	800.53%	11.12%
Accounts Receivable	580.63	593.88	478.9	286.61	205.64	252.32
Other Receivables	0.84	0.76	0.7	0.58	0.82	0.8
Receivables	581.47	594.64	479.6	287.19	206.46	253.12
Inventory	139.36	120.05	96.41	77.69	85.84	70.69
Prepaid Expenses	-	-	7.34	-	0.01	4
Other Current Assets	34.9	33.46	10.84	12.72	7.57	2.02
Total Current Assets	932.15	952.18	925.49	747.5	744.76	379.23
Property, Plant & Equipment	443.76	412.03	338.77	262.13	268.58	279.85
Long-Term Investments	7.84	8.05	8.68	8.47	-	-
Other Intangible Assets	4.59	4.62	4.6	4.1	4.29	4.48
Long-Term Deferred Tax Assets	13.29	13.01	18.1	20.06	6.45	3.19
Long-Term Deferred Charges	14.42	14.79	17.84	22.47	21.09	6.61
Other Long-Term Assets	1.63	1.95	2.19	28.58	10.3	15.9
Total Assets	1,418	1,407	1,316	1,093	1,055	689.26
Accounts Payable	361.2	360.29	277.59	228.87	155.75	181.08
Accrued Expenses	12.78	12.73	15.52	9.64	10.68	9.66
Short-Term Debt	19.01	39.33	123.37	23.06	10.01	38.27
Current Portion of Long-Term Debt	1.36	1.33	-	-	-	-
Current Portion of Leases	-	-	1.26	1.22	1.17	1.12
Current Income Taxes Payable	4.32	6.26	0.23	-	1.7	1.29
Current Unearned Revenue	1.16	0.31	0.24	0.21	0.14	0.23
Other Current Liabilities	3.7	0.85	8.55	0.23	0.28	0.09
Total Current Liabilities	403.53	421.1	426.77	263.24	179.72	231.73
Long-Term Leases	17.44	17.81	19.14	20.4	21.62	22.79
Long-Term Unearned Revenue	10.83	11.42	13.47	11.03	12.85	14.67
Total Liabilities	431.8	450.33	459.38	294.67	214.2	269.19
Common Stock	80.08	80.08	80	80	80	60
Additional Paid-In Capital	561.09	559.58	550.24	548.39	548.39	164.9
Retained Earnings	344.71	316.65	226.06	170.24	212.88	195.17
Total Common Equity	985.88	956.31	856.3	798.63	841.27	420.07
Shareholders' Equity	985.88	956.31	856.3	798.63	841.27	420.07
Total Liabilities & Equity	1,418	1,407	1,316	1,093	1,055	689.26
Total Debt	37.82	58.47	143.78	44.67	32.8	62.18
Net Cash (Debt)	138.6	145.56	187.53	325.22	412.09	-12.78
Net Cash Growth	-30.70%	-22.38%	-42.34%	-21.08%	-	-
Net Cash Per Share	1.74	1.82	2.35	4.09	5.75	-0.21
Filing Date Shares Outstanding	80.19	79.23	80	80	80	60
Total Common Shares Outstanding	80.19	79.23	80	80	80	60
Working Capital	528.62	531.09	498.72	484.26	565.04	147.5
Book Value Per Share	12.29	12.07	10.70	9.98	10.52	7.00
Tangible Book Value	981.29	951.69	851.7	794.53	836.98	415.59
Tangible Book Value Per Share	12.24	12.01	10.65	9.93	10.46	6.93
Buildings	-	-	19.18	19.18	19.18	19.18
Machinery	-	-	466.09	388.05	376.21	344.74
Construction In Progress	-	-	66.53	25.34	4.54	11.12

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