SHE:301210 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	Dec '21 Dec 31, 2021
Cash & Equivalents	307.73	298.98	201.71	195.38	69.73	60.87
Short-Term Investments	-	-	50.06	110.9	10.62	-
Cash & Short-Term Investments	307.73	298.98	251.77	306.28	80.35	60.87
Cash Growth	119.45%	18.75%	-17.80%	281.16%	32.00%	50.10%
Accounts Receivable	832.05	718.52	571.66	458.68	380.5	443.36
Other Receivables	14.38	14.13	5	2.08	0.64	0.57
Receivables	846.43	732.64	576.66	460.77	381.13	443.94
Inventory	436.48	375.71	321.83	359.43	295.64	213.19
Other Current Assets	65.13	54.32	29.05	11.54	26.29	12.51
Total Current Assets	1,656	1,462	1,179	1,138	783.42	730.51
Property, Plant & Equipment	1,220	1,158	829.37	654.45	576.68	485.28
Long-Term Investments	82.57	82.57	328.28	373.81	-	10.3
Other Intangible Assets	165.15	166.84	97.87	62.32	50.43	58.1
Long-Term Deferred Tax Assets	23.29	18.51	16.51	11.84	21.71	16.27
Long-Term Deferred Charges	36.69	30.43	21.84	18.55	15.37	3.24
Other Long-Term Assets	153.76	187.82	41.36	26.94	12.98	11.42
Total Assets	3,337	3,106	2,515	2,286	1,461	1,315
Accounts Payable	819.89	716.19	414.5	263.3	258.51	178.95
Accrued Expenses	18.6	25.64	22.9	17	18.48	37.97
Short-Term Debt	113.32	112.83	33.63	41.05	278.8	196.67
Current Portion of Long-Term Debt	8.5	7.66	1.97	-	8.12	-
Current Income Taxes Payable	14.35	9.3	3.26	1.25	3.04	6.5
Current Unearned Revenue	1.81	1.7	3.09	2.53	2.16	3.15
Other Current Liabilities	34.83	26.76	28.43	18.58	14.22	136.48
Total Current Liabilities	1,011	900.1	507.79	343.72	583.34	559.72
Long-Term Debt	264.34	182.98	43.63	-	91.79	109.81
Long-Term Unearned Revenue	33.25	19.72	12.22	8.16	15.63	11.33
Long-Term Deferred Tax Liabilities	-	-	-	-	7.43	-
Total Liabilities	1,309	1,103	563.64	351.88	698.2	680.86
Common Stock	114.61	114.61	82.46	82.46	61.84	61.84
Additional Paid-In Capital	1,314	1,312	1,328	1,326	269.45	264.41
Retained Earnings	469.03	443.56	427.85	408.69	347.5	239.05
Comprehensive Income & Other	-13.44	-12.69	-20.55	-	-	-
Total Common Equity	1,884	1,858	1,818	1,818	678.78	565.3
Minority Interest	144.6	145.02	132.91	116.48	83.62	68.98
Shareholders' Equity	2,029	2,003	1,951	1,934	762.41	634.28
Total Liabilities & Equity	3,337	3,106	2,515	2,286	1,461	1,315
Total Debt	386.16	303.48	79.24	41.05	378.71	306.48
Net Cash (Debt)	-78.42	-4.49	172.53	265.23	-298.35	-245.61
Net Cash Growth	-	-	-34.95%	-	-	-
Net Cash Per Share	-0.69	-0.04	1.50	2.65	-3.46	-2.85
Filing Date Shares Outstanding	115.76	105.09	114.61	114.61	85.96	86.03
Total Common Shares Outstanding	115.76	105.09	114.61	114.61	85.96	86.03
Working Capital	644.48	561.55	671.51	794.29	200.08	170.79
Book Value Per Share	16.27	17.68	15.86	15.86	7.90	6.57
Tangible Book Value	1,719	1,691	1,720	1,755	628.35	507.2
Tangible Book Value Per Share	14.85	16.09	15.01	15.31	7.31	5.90
Buildings	-	-	384.27	271.06	272.31	88.67
Machinery	-	-	599.82	523.61	415.67	330.66
Construction In Progress	-	-	105.2	72.11	87.25	233.45

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