SHE:301198 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	72.96	147.24	319.07	256.11	320.71	506.95
Short-Term Investments	-	-	-	30	-	-
Trading Asset Securities	30.02	-	30.09	100.01	103.49	-
Cash & Short-Term Investments	102.98	147.24	349.16	386.12	424.2	506.95
Cash Growth	-50.02%	-57.83%	-9.57%	-8.98%	-16.32%	979.41%
Accounts Receivable	235.42	265.22	231.34	269.78	241.17	193.67
Other Receivables	4.79	3.62	1.27	2.93	4.17	3.57
Receivables	240.22	268.84	232.61	272.71	245.34	197.25
Inventory	89.73	111.36	92.58	110.73	88.92	69.66
Prepaid Expenses	-	-	-	-	0.75	0.25
Other Current Assets	16.71	14.65	21.41	12.76	10.6	6.28
Total Current Assets	449.65	542.1	695.76	782.32	769.81	780.39
Property, Plant & Equipment	342.38	428.93	411.24	311.03	218.71	146.29
Long-Term Investments	23.07	22.68	21.76	20.92	-	-
Other Intangible Assets	54.63	55.24	56.43	54.37	55.62	46.86
Long-Term Deferred Tax Assets	1.05	1.4	-	2.1	1.9	4.54
Long-Term Deferred Charges	145.54	151	130.91	117.56	74.62	40.27
Other Long-Term Assets	90.84	0.77	4.4	6.08	2.78	2.21
Total Assets	1,107	1,202	1,320	1,294	1,123	1,021
Accounts Payable	100.75	134.38	114.78	116.74	67.43	48.92
Accrued Expenses	4.84	9.26	12.09	11.34	13.29	11.54
Short-Term Debt	69.34	119.47	212.07	180.15	80.07	27.99
Current Portion of Long-Term Debt	9.77	19.2	49.94	20.02	-	10.01
Current Portion of Leases	-	-	4.62	2.92	4.93	3.06
Current Income Taxes Payable	6.59	4.05	-	1.71	5.15	2.01
Current Unearned Revenue	1.02	1.34	0.56	0.53	1.4	0.46
Other Current Liabilities	0.47	0.39	0.64	0.32	0.39	0.28
Total Current Liabilities	192.77	288.09	394.7	333.73	172.66	104.27
Long-Term Leases	3.99	3.04	3.08	1.51	3.08	5.21
Long-Term Unearned Revenue	1.04	1.07	-	-	-	-
Long-Term Deferred Tax Liabilities	4.32	4.74	3.87	4.86	1.84	6.39
Total Liabilities	202.11	296.94	401.65	340.1	177.58	115.88
Common Stock	169	169	169	169	130	100
Additional Paid-In Capital	508.08	508.08	508.08	511.34	552.02	577.08
Retained Earnings	228.05	228.17	241.49	273.6	263.48	227.61
Comprehensive Income & Other	-0.07	-0.07	-	-	-	-
Total Common Equity	905.06	905.18	918.56	953.94	945.5	904.68
Minority Interest	-	-	0.29	0.34	0.36	-
Shareholders' Equity	905.06	905.18	918.85	954.28	945.86	904.68
Total Liabilities & Equity	1,107	1,202	1,320	1,294	1,123	1,021
Total Debt	83.09	141.71	269.71	204.6	88.08	46.27
Net Cash (Debt)	19.89	5.53	79.45	181.52	336.12	460.68
Net Cash Growth	-33.91%	-93.03%	-56.23%	-46.00%	-27.04%	997.90%
Net Cash Per Share	0.12	0.03	0.47	1.06	1.99	3.56
Filing Date Shares Outstanding	170.98	159.7	169	169	169	169
Total Common Shares Outstanding	170.98	159.7	169	169	169	169
Working Capital	256.88	254.01	301.06	448.59	597.15	676.12
Book Value Per Share	5.29	5.67	5.44	5.64	5.59	5.35
Tangible Book Value	850.42	849.93	862.14	899.57	889.88	857.82
Tangible Book Value Per Share	4.97	5.32	5.10	5.32	5.27	5.08
Buildings	-	-	218.39	91.48	91.12	90.15
Machinery	-	-	177.35	136.05	125.51	91.29
Construction In Progress	-	-	114.48	161.29	61.22	8.4

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