SHE:301213 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	153.28	191.24	356.7	383.83	475.83	623
Short-Term Investments	-	-	-	-	2.36	-
Trading Asset Securities	17.56	22.01	-	-	-	-
Cash & Short-Term Investments	170.84	213.25	356.7	383.83	478.19	623
Cash Growth	-34.94%	-40.22%	-7.07%	-19.73%	-23.24%	2213.93%
Accounts Receivable	247.84	273.09	269.57	258.51	251.62	238.69
Other Receivables	6.72	-	-	0.07	0.06	0.01
Receivables	254.56	273.09	269.57	258.58	251.68	238.7
Inventory	187.73	181.8	158.51	110.74	69.41	36.48
Prepaid Expenses	-	-	-	0.5	0.18	-
Other Current Assets	68.61	57.5	51.45	48.47	20.98	10.28
Total Current Assets	681.75	725.64	836.22	802.12	820.45	908.47
Property, Plant & Equipment	190.17	183.2	46.07	21.9	15.16	11.55
Long-Term Investments	4.77	4.77	4.77	-	-	-
Other Intangible Assets	17.38	18.06	4.21	4.61	1.77	2.1
Long-Term Accounts Receivable	-	7.25	19.96	17.48	18.73	2.28
Long-Term Deferred Tax Assets	22.85	23.34	20.55	12.43	6.92	3.47
Long-Term Deferred Charges	4.48	4.81	11.51	9.17	12.71	1.95
Other Long-Term Assets	55.12	40.36	31.12	17.56	14.9	7.47
Total Assets	976.52	1,007	974.42	885.26	890.64	937.29
Accounts Payable	87.77	102.44	65.56	44.89	44.26	27.61
Accrued Expenses	3.95	7.59	28.81	10.56	9.32	9.32
Short-Term Debt	9.9	27.95	17.11	10.02	22.02	56.77
Current Portion of Long-Term Debt	45.9	29.75	9.5	0.5	-	-
Current Portion of Leases	-	7.43	5.33	2.2	1.36	2.81
Current Income Taxes Payable	1.44	0.77	0.2	-0.6	1.2	9.31
Current Unearned Revenue	3.23	2.86	39.62	0.87	0.7	0.21
Other Current Liabilities	1.73	2.05	2.77	1.58	1.58	12.74
Total Current Liabilities	153.92	180.84	168.89	70.03	80.46	118.76
Long-Term Debt	-	9.5	-	9.5	-	-
Long-Term Leases	4.35	5.31	7.12	2.33	0.08	1.93
Long-Term Unearned Revenue	0.46	0.47	-	-	-	-
Long-Term Deferred Tax Liabilities	0.04	0.09	-	-	0.26	0.31
Total Liabilities	158.78	196.22	176.01	81.86	80.79	121
Common Stock	80	80	80	80	80	80
Additional Paid-In Capital	564.27	564.27	564.27	564.27	564.27	564.27
Retained Earnings	159.88	152.9	139.59	156.3	165.58	172.02
Total Common Equity	804.15	797.17	783.85	800.57	809.85	816.29
Minority Interest	13.59	14.07	14.56	2.84	-	-
Shareholders' Equity	817.74	811.23	798.41	803.4	809.85	816.29
Total Liabilities & Equity	976.52	1,007	974.42	885.26	890.64	937.29
Total Debt	60.15	79.94	39.06	24.55	23.46	61.51
Net Cash (Debt)	110.69	133.31	317.64	359.28	454.73	561.49
Net Cash Growth	-35.16%	-58.03%	-11.59%	-20.99%	-19.01%	3220.56%
Net Cash Per Share	1.38	1.67	3.97	4.50	5.68	9.11
Filing Date Shares Outstanding	80	80	80	80	80	80
Total Common Shares Outstanding	80	80	80	80	80	80
Working Capital	527.83	544.81	667.33	732.09	739.99	789.71
Book Value Per Share	10.05	9.96	9.80	10.01	10.12	10.20
Tangible Book Value	786.77	779.1	779.64	795.95	808.08	814.19
Tangible Book Value Per Share	9.83	9.74	9.75	9.95	10.10	10.18
Buildings	-	9.02	9.02	8.97	8.97	1.91
Machinery	-	180.15	36.77	16.28	10.61	8.69
Construction In Progress	-	0.18	-	-	-	-

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