SHE:301203 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	785.92	839.84	946.55	1,077	241.81	230.22
Short-Term Investments	-	-	50	-	-	-
Trading Asset Securities	60.02	63.04	32	-	-	-
Cash & Short-Term Investments	845.94	902.89	1,029	1,077	241.81	230.22
Cash Growth	-9.29%	-12.22%	-4.53%	345.55%	5.04%	-8.50%
Accounts Receivable	164.14	191.71	164.82	140.04	162.29	108.43
Other Receivables	18.89	14.32	10.88	11.53	15.56	13.88
Receivables	183.03	206.02	175.69	151.57	177.84	122.31
Inventory	25.43	0.98	14.15	2.23	2.2	1.76
Other Current Assets	85.3	76.16	4.72	10.35	11.51	4.44
Total Current Assets	1,140	1,186	1,223	1,242	433.36	358.72
Property, Plant & Equipment	254.64	251.57	239.86	211.06	165.86	90.72
Long-Term Investments	41.83	41.62	30	25	-	-
Other Intangible Assets	26.59	26.76	27.45	28.17	28.92	29.48
Long-Term Accounts Receivable	-	-	-	-	-	53.41
Long-Term Deferred Tax Assets	3	3.28	2.06	1.65	1.55	1.25
Long-Term Deferred Charges	-	-	-	-	4.73	0.2
Total Assets	1,466	1,509	1,522	1,507	634.42	533.79
Accounts Payable	28.49	27.53	36.9	33.37	36.01	25.68
Accrued Expenses	5.11	12.44	13.23	14.22	14.19	14.49
Current Portion of Long-Term Debt	2.57	2.53	-	-	-	-
Current Portion of Leases	-	-	2.55	2.13	1.79	1.52
Current Income Taxes Payable	5.11	4.77	4.18	4.26	7.63	5.13
Current Unearned Revenue	0.37	0.42	2.44	1.92	-	-
Other Current Liabilities	1.18	1.39	1.38	2.17	1.47	5.49
Total Current Liabilities	53.53	49.07	60.67	58.07	61.1	52.31
Long-Term Leases	1.76	2.3	1.82	1.3	1.66	2.16
Long-Term Unearned Revenue	-	-	-	-	-	0.64
Long-Term Deferred Tax Liabilities	0.02	0.02	0	0.02	0.16	0.05
Total Liabilities	55.31	51.39	62.49	59.39	62.92	55.16
Common Stock	80	80	80	80	60	60
Additional Paid-In Capital	894.93	894.93	894.93	894.93	58.4	58.4
Retained Earnings	420.68	466.08	472.2	460.28	441.71	353.52
Total Common Equity	1,396	1,441	1,447	1,435	560.11	471.92
Minority Interest	14.84	16.87	12.86	12.83	11.4	6.71
Shareholders' Equity	1,410	1,458	1,460	1,448	571.5	478.63
Total Liabilities & Equity	1,466	1,509	1,522	1,507	634.42	533.79
Total Debt	15.04	4.82	4.37	3.44	3.45	3.68
Net Cash (Debt)	830.9	898.07	1,024	1,074	238.36	226.53
Net Cash Growth	-10.47%	-12.31%	-4.63%	350.55%	5.22%	-9.96%
Net Cash Per Share	10.35	11.20	12.81	14.34	3.97	3.77
Filing Date Shares Outstanding	80.86	81.36	80	80	80	60
Total Common Shares Outstanding	80.86	81.36	80	80	60	60
Working Capital	1,086	1,137	1,162	1,183	372.27	306.42
Book Value Per Share	17.26	17.71	18.09	17.94	9.34	7.87
Tangible Book Value	1,369	1,414	1,420	1,407	531.19	442.44
Tangible Book Value Per Share	16.93	17.38	17.75	17.59	8.85	7.37
Buildings	-	-	22.04	22.01	35.46	35.46
Machinery	-	-	61.16	58.53	56.59	53.13
Construction In Progress	-	-	221.26	193.21	137.69	58.13

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