SHE:301229 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	224.48	303.02	419.42	530.99	165.22	31.51
Cash & Short-Term Investments	224.48	303.02	419.42	530.99	165.22	31.51
Cash Growth	-40.05%	-27.75%	-21.01%	221.39%	424.35%	-30.59%
Accounts Receivable	403.27	437.01	422.05	366.51	296.73	204.5
Other Receivables	3.08	3.4	2.15	1.35	3.07	7.66
Receivables	406.35	440.42	424.2	367.86	299.8	212.16
Inventory	247.45	254.54	157.84	144.07	125.74	105.23
Other Current Assets	24.75	30.95	20.77	14.32	21.3	12.39
Total Current Assets	903.03	1,029	1,022	1,057	612.06	361.3
Property, Plant & Equipment	726.25	713.56	564.5	525.72	376.09	218.15
Long-Term Investments	22.93	23.32	25.36	-	-	-
Goodwill	28.04	28.04	28.04	28.04	28.04	-
Other Intangible Assets	38.25	38.7	41.67	40	32.21	29.26
Long-Term Accounts Receivable	-	-	-	-	0.66	4.73
Long-Term Deferred Tax Assets	1.07	2.56	2.71	0.49	5.43	2.73
Long-Term Deferred Charges	30.5	30.05	27.95	18.47	25.59	12.26
Other Long-Term Assets	57.28	15.2	6.68	5.5	25.91	2.69
Total Assets	1,807	1,880	1,719	1,675	1,106	631.12
Accounts Payable	331.59	419.3	292.35	261.01	183.57	137.74
Accrued Expenses	13.43	14.17	26.41	25.1	20.55	14.68
Short-Term Debt	84.45	58.91	50.67	145.28	79.09	30.03
Current Portion of Long-Term Debt	3.73	3.94	-	-	-	-
Current Portion of Leases	-	-	3.59	1.02	3.71	1.42
Current Income Taxes Payable	7.48	7.72	8.4	1.29	6.73	3.36
Current Unearned Revenue	2.97	2.59	1.98	11.2	8.66	2.56
Other Current Liabilities	13.22	13.81	8	4.39	1.35	0.83
Total Current Liabilities	456.88	520.44	391.42	449.29	303.66	190.6
Long-Term Debt	48.03	48.03	305.34	286.33	-	-
Long-Term Leases	2.8	3.19	5.01	2.17	4.95	0.53
Long-Term Unearned Revenue	53.78	52.33	47.42	11.6	4.2	2.55
Long-Term Deferred Tax Liabilities	1.65	4.4	8.83	15.21	11.29	7.78
Total Liabilities	563.13	628.39	758.02	764.6	324.1	201.46
Common Stock	181.78	181.78	112.82	80	80	60
Additional Paid-In Capital	766.68	765.45	435.81	440.65	435.05	137.18
Retained Earnings	372.36	382.06	374.12	330.51	265.86	232.47
Treasury Stock	-79.99	-79.99	-20	-	-	-
Comprehensive Income & Other	-0.29	0.03	57.86	57.99	-	-
Total Common Equity	1,241	1,249	960.61	909.14	780.91	429.65
Minority Interest	3.69	2.63	0.5	1.72	0.98	-
Shareholders' Equity	1,244	1,252	961.11	910.87	781.89	429.65
Total Liabilities & Equity	1,807	1,880	1,719	1,675	1,106	631.12
Total Debt	139	114.07	364.61	434.8	87.75	31.98
Net Cash (Debt)	85.48	188.95	54.8	96.19	77.47	-0.47
Net Cash Growth	94.10%	244.78%	-43.03%	24.18%	-	-
Net Cash Per Share	0.52	1.20	0.35	0.61	0.51	-0.00
Filing Date Shares Outstanding	181.76	157.36	156.73	156.8	156.8	117.6
Total Common Shares Outstanding	181.76	157.36	156.73	156.8	156.8	117.6
Working Capital	446.15	508.49	630.81	607.95	308.4	170.69
Book Value Per Share	6.82	7.94	6.13	5.80	4.98	3.65
Tangible Book Value	1,174	1,183	890.91	841.1	720.66	400.39
Tangible Book Value Per Share	6.46	7.52	5.68	5.36	4.60	3.40
Buildings	-	-	303.92	183.07	115.73	96.07
Machinery	-	-	368.68	320.8	277.81	173.82
Construction In Progress	-	-	47.66	141.8	74.97	19.52

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