SHE:301208 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	844.69	1,175	1,123	1,081	1,202	453.18
Short-Term Investments	-	-	5.8	5.72	5.69	5.37
Cash & Short-Term Investments	844.69	1,175	1,129	1,087	1,207	458.55
Cash Growth	-13.99%	4.07%	3.85%	-9.98%	163.28%	26.63%
Accounts Receivable	433.63	405.24	379.56	514.06	425.96	247.33
Other Receivables	31.27	24.64	17.84	20.36	13.49	11.14
Receivables	464.91	429.88	397.4	534.43	439.45	258.47
Inventory	401.07	240.65	175.41	159.41	163.47	178.35
Other Current Assets	55.75	28.45	25.29	21.24	20.58	25.5
Total Current Assets	1,766	1,874	1,727	1,802	1,831	920.88
Property, Plant & Equipment	186.65	187.43	190.55	188.33	6.42	4.94
Long-Term Investments	-	-	-	0.49	-	-
Other Intangible Assets	7.35	5.89	3.65	3.23	3.71	2.84
Long-Term Deferred Tax Assets	5.36	5.37	4.78	4.02	3.37	2.87
Long-Term Deferred Charges	0.08	0.09	-	0.01	0.09	0.21
Total Assets	1,966	2,072	1,926	1,998	1,844	931.73
Accounts Payable	232.44	320.66	216.63	329.99	241.53	134.6
Accrued Expenses	26.74	56.14	76.33	75.61	104.81	89.5
Current Portion of Long-Term Debt	1.69	1.59	-	-	-	-
Current Portion of Leases	-	-	0.8	1.73	1.43	0.91
Current Income Taxes Payable	3.31	20.55	3.18	7.7	12.96	11.22
Current Unearned Revenue	133.48	110.02	97.82	98.64	119.12	155.9
Other Current Liabilities	0.23	2.41	1.79	2.75	2.31	1.22
Total Current Liabilities	397.9	511.37	396.55	516.42	482.15	393.35
Long-Term Leases	2.15	1.67	0.43	0.73	1.44	0.46
Long-Term Deferred Tax Liabilities	1	1.05	0.99	0.85	0.34	0.09
Total Liabilities	401.04	514.1	397.97	518	483.94	393.89
Common Stock	120	120	120	100	66.67	50
Additional Paid-In Capital	691.97	691.97	691.97	711.97	745.3	56.9
Retained Earnings	752.84	746.38	715.87	668.05	548.47	430.94
Shareholders' Equity	1,565	1,558	1,528	1,480	1,360	537.84
Total Liabilities & Equity	1,966	2,072	1,926	1,998	1,844	931.73
Total Debt	3.84	3.26	1.23	2.47	2.87	1.37
Net Cash (Debt)	840.85	1,171	1,127	1,084	1,204	457.19
Net Cash Growth	-14.23%	3.90%	3.98%	-9.96%	163.44%	26.26%
Net Cash Per Share	6.84	9.67	9.35	9.05	11.13	5.08
Filing Date Shares Outstanding	129.16	124.54	120	120	120	90
Total Common Shares Outstanding	129.16	124.54	120	120	120	90
Working Capital	1,369	1,362	1,330	1,286	1,349	527.53
Book Value Per Share	12.12	12.51	12.73	12.33	11.34	5.98
Tangible Book Value	1,557	1,552	1,524	1,477	1,357	535.01
Tangible Book Value Per Share	12.06	12.47	12.70	12.31	11.31	5.94
Buildings	-	-	187.23	4.82	-	-
Machinery	-	-	15.11	13.72	13.82	12.83
Construction In Progress	-	-	-	177.85	-	-

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