SHE:301187 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	800.56	786.94	929.29	1,100	832.82	204.02
Short-Term Investments	-	-	-	-	-	255
Trading Asset Securities	123.81	123.33	120	200	455	-
Cash & Short-Term Investments	924.37	910.27	1,049	1,300	1,288	459.02
Cash Growth	-21.94%	-13.25%	-19.26%	0.91%	180.56%	35.89%
Accounts Receivable	413.31	293.2	252.41	177.63	175.07	173.01
Other Receivables	15.62	19.27	22.51	11.2	13.01	9.27
Receivables	428.93	312.47	274.93	188.83	188.07	182.28
Inventory	559.24	509.21	211.35	139.89	175.1	215.17
Other Current Assets	109.79	70.61	27.77	17.51	20.59	32.79
Total Current Assets	2,022	1,803	1,563	1,646	1,672	889.26
Property, Plant & Equipment	1,799	1,763	1,241	538.83	194.46	177.99
Long-Term Investments	6.7	6.96	-	-	-	-
Goodwill	67.9	70.36	7.28	7.17	-	-
Other Intangible Assets	156.33	154.64	114.19	110.75	113.83	28.42
Long-Term Deferred Tax Assets	24.26	25.23	26.37	17.18	16.02	11.04
Long-Term Deferred Charges	38.11	32.91	-	-	-	0
Other Long-Term Assets	101.52	103.58	2.62	1.72	40.76	4.53
Total Assets	4,216	3,959	2,955	2,321	2,037	1,111

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	1,254	1,126	765.96	466.56	399.51	483.82
Accrued Expenses	32.2	43.8	36.84	26.24	26.96	16.13
Short-Term Debt	572.52	582.28	402.38	173.77	25.11	-
Current Portion of Long-Term Debt	120.83	113.57	7.24	1.85	1.77	1.58
Current Portion of Leases	-	7.48	3.21	1.42	0.74	0.42
Current Income Taxes Payable	16.83	10.65	15.82	19.91	0.54	-
Current Unearned Revenue	27.73	11.95	13.27	7.24	7.85	5.76
Other Current Liabilities	26.69	51.26	3.54	20.31	4.2	2.31
Total Current Liabilities	2,050	1,947	1,248	717.29	466.69	510.01
Long-Term Debt	611.52	415.82	115.74	54.01	54.88	51.81
Long-Term Leases	25.56	26.22	21.65	0.68	0.54	0.57
Long-Term Unearned Revenue	7.24	7.56	8.81	10.07	11.33	12.59
Long-Term Deferred Tax Liabilities	8.13	7.96	9.4	8.33	9.53	8.78
Other Long-Term Liabilities	47.55	54.63	60.73	37.45	43.43	38.27
Total Liabilities	2,750	2,459	1,465	827.84	586.4	622.03

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	254.93	254.93	182.61	182.61	182.61	136.96
Additional Paid-In Capital	819.12	819.12	910.81	910.81	910.81	63.15
Retained Earnings	423.38	412.26	428.9	415.94	368.9	298.93
Treasury Stock	-9.74	-9.74	-30	-	-	-
Comprehensive Income & Other	-23.13	22.6	-1.64	-15.77	-12.05	-9.83
Total Common Equity	1,465	1,499	1,491	1,494	1,450	489.2
Minority Interest	0.87	0.93	-	-	-	-
Shareholders' Equity	1,465	1,500	1,491	1,494	1,450	489.2
Total Liabilities & Equity	4,216	3,959	2,955	2,321	2,037	1,111

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	1,330	1,145	550.22	231.72	83.05	54.38
Net Cash (Debt)	-406.06	-235.1	499.07	1,068	1,205	404.64
Net Cash Growth	-	-	-53.26%	-11.37%	197.74%	30.14%
Net Cash Per Share	-1.59	-0.92	1.95	4.19	5.12	2.12
Filing Date Shares Outstanding	253.14	253.63	253.14	255.65	255.65	255.65
Total Common Shares Outstanding	253.14	253.63	253.14	255.65	255.65	191.74
Working Capital	-28.12	-144.1	315.08	928.47	1,205	379.25
Book Value Per Share	5.79	5.91	5.89	5.84	5.67	2.55
Tangible Book Value	1,240	1,274	1,369	1,376	1,336	460.79
Tangible Book Value Per Share	4.90	5.02	5.41	5.38	5.23	2.40
Land	-	586.37	203.64	127.27	30.56	-
Buildings	-	869.48	194.41	189.66	184.28	192.63
Machinery	-	203.64	86.12	60.43	54.26	46.83
Construction In Progress	-	218.72	842.77	252.22	2.04	-