SHE:301231 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	304.6	435.4	496.72	548.43	630.18	189.22
Trading Asset Securities	90	20	-	-	-	-
Cash & Short-Term Investments	394.6	455.4	496.72	548.43	630.18	189.22
Cash Growth	-20.27%	-8.32%	-9.43%	-12.97%	233.04%	20.21%
Accounts Receivable	56.56	50.39	58.01	71.38	104.58	98.02
Other Receivables	2.78	3.13	1.17	1.09	0.96	0.98
Receivables	59.34	53.53	59.18	72.46	105.53	99
Inventory	184.63	174.44	143.22	154.24	144.99	131.14
Other Current Assets	40.29	21.52	26.61	32.89	21.59	25.29
Total Current Assets	678.86	704.89	725.74	808.03	902.3	444.65
Property, Plant & Equipment	104.19	96.34	43.76	36.12	28.08	24.3
Long-Term Investments	124.63	126.27	111.66	92.75	53.54	49.44
Goodwill	8.59	8.49	-	-	-	-
Other Intangible Assets	17.23	17.4	17.84	18.06	18.34	10.77
Long-Term Deferred Tax Assets	22.33	21.54	13.76	4.28	4.15	3.58
Long-Term Deferred Charges	0.99	1.09	1.22	0.78	1.02	1.38
Other Long-Term Assets	0.33	0.06	0.35	1.35	1.04	-
Total Assets	957.14	976.08	914.33	961.37	1,008	534.13
Accounts Payable	105.61	107.67	36.28	34.84	55.06	73.06
Accrued Expenses	4.61	8.44	6.2	6.02	4.45	7
Current Portion of Long-Term Debt	3.6	4.35	-	-	4	1
Current Portion of Leases	-	-	1.83	2.31	2.31	2.1
Current Income Taxes Payable	1.08	0.94	0.1	0.15	6.54	2.81
Current Unearned Revenue	3.45	2.51	2.97	3.32	5.57	11.81
Other Current Liabilities	2.49	3.6	0.21	0.25	0.47	3.26
Total Current Liabilities	120.84	127.52	47.59	46.89	78.41	101.04
Long-Term Debt	11.2	11.9	-	-	-	4
Long-Term Leases	0.27	0.26	0.07	1.9	4.33	0.11
Long-Term Deferred Tax Liabilities	0	0	-	-	0.35	0.3
Other Long-Term Liabilities	2.12	2.12	-	-	-	-
Total Liabilities	134.42	141.8	47.65	48.78	83.09	105.45
Common Stock	84.4	84.4	84.4	84.4	84.4	63.3
Additional Paid-In Capital	625.86	625.86	625.86	625.86	625.86	177.91
Retained Earnings	135.95	147.87	166	210.8	214.34	190.93
Treasury Stock	-33.96	-33.96	-11.96	-10.03	-	-
Comprehensive Income & Other	-0.01	1	2.37	1.55	0.77	-3.46
Total Common Equity	812.24	825.17	866.68	912.58	925.38	428.68
Minority Interest	10.47	9.11	-0	-	-	-
Shareholders' Equity	822.72	834.28	866.68	912.58	925.38	428.68
Total Liabilities & Equity	957.14	976.08	914.33	961.37	1,008	534.13
Total Debt	15.07	16.51	1.9	4.21	10.64	7.21
Net Cash (Debt)	379.54	438.89	494.82	544.22	619.54	182.01
Net Cash Growth	-23.11%	-11.30%	-9.08%	-12.16%	240.38%	27.83%
Net Cash Per Share	4.62	5.32	5.91	6.56	9.00	2.87
Filing Date Shares Outstanding	82.62	75	83.89	83.89	84.4	63.3
Total Common Shares Outstanding	82.62	75	83.89	84.01	84.4	63.3
Working Capital	558.02	577.38	678.15	761.14	823.89	343.61
Book Value Per Share	9.83	11.00	10.33	10.86	10.96	6.77
Tangible Book Value	786.43	799.29	848.84	894.52	907.04	417.91
Tangible Book Value Per Share	9.52	10.66	10.12	10.65	10.75	6.60
Buildings	-	-	22.02	22.02	22.02	22.02
Machinery	-	-	8.64	8.51	8.4	7.45
Construction In Progress	-	-	22.16	11.36	-	-

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