SHE:301235 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	402.89	522.89	1,048	267.94	252.29	235.62
Trading Asset Securities	-	-	40.05	-	405.55	-
Cash & Short-Term Investments	402.89	522.89	1,088	267.94	657.84	235.62
Cash Growth	-53.22%	-51.94%	306.06%	-59.27%	179.19%	57.68%
Accounts Receivable	2,154	2,006	1,720	1,469	1,169	727.1
Other Receivables	37.61	15.05	12.09	15.64	19.1	18.73
Receivables	2,191	2,021	1,732	1,485	1,189	745.82
Inventory	832.41	717.48	508.18	274.91	265.76	149.88
Other Current Assets	215.98	164.12	69.6	86.45	21.28	8.98
Total Current Assets	3,643	3,426	3,398	2,114	2,133	1,140
Property, Plant & Equipment	466.99	471.07	635.71	624.66	100.04	48.19
Long-Term Investments	20	20	10	10	-	-
Other Intangible Assets	65.34	65.74	67.81	66.96	33.16	18.98
Long-Term Deferred Tax Assets	98.75	97.83	78.68	56.56	46.39	29.91
Long-Term Deferred Charges	27.86	26.92	22.38	12.9	5.01	1.39
Other Long-Term Assets	196.99	189.35	13.95	5.17	50.38	-
Total Assets	4,518	4,296	4,226	2,890	2,368	1,239
Accounts Payable	668.62	697.64	619.24	324.36	318.39	198.98
Accrued Expenses	22.63	51.77	47	52.83	70.82	51.92
Short-Term Debt	70	9.4	276.96	409.55	-	112.84
Current Portion of Long-Term Debt	42.5	31.4	10.51	-	-	1
Current Portion of Leases	-	-	7.8	5.83	9.6	7.53
Current Income Taxes Payable	17.62	29.67	21.43	14.26	25.71	17.85
Current Unearned Revenue	667.73	539.24	429.94	222.25	235.5	196.93
Other Current Liabilities	144.18	112.23	75.83	56.85	30.38	29.44
Total Current Liabilities	1,633	1,471	1,489	1,086	690.39	616.49
Long-Term Debt	908.28	837.58	885.37	-	-	8.51
Long-Term Leases	6.47	11.04	9.51	12.86	7.59	5.18
Long-Term Unearned Revenue	26.44	26.63	27.39	28.15	10.46	11.22
Other Long-Term Liabilities	15.54	15.99	11.89	9.61	7.21	5.3
Total Liabilities	2,590	2,363	2,423	1,137	715.65	646.71
Common Stock	107.78	107.77	105.6	105.6	105.6	79.2
Additional Paid-In Capital	1,335	1,323	1,255	1,282	1,274	331.86
Retained Earnings	517.75	535.45	422.78	366.53	272.93	181
Treasury Stock	-70	-70	-4.98	-	-	-
Comprehensive Income & Other	14.98	14.98	20.27	-	-	-
Total Common Equity	1,906	1,912	1,799	1,754	1,653	592.06
Minority Interest	22.9	22.35	4.84	-	-	-
Shareholders' Equity	1,928	1,934	1,803	1,754	1,653	592.06
Total Liabilities & Equity	4,518	4,296	4,226	2,890	2,368	1,239
Total Debt	1,027	889.42	1,190	428.23	17.19	135.06
Net Cash (Debt)	-624.36	-366.53	-102.16	-160.29	640.65	100.57
Net Cash Growth	-	-	-	-	537.05%	-0.80%
Net Cash Per Share	-4.80	-3.23	-0.96	-1.52	6.19	1.27
Filing Date Shares Outstanding	109.12	175.22	103.47	105.6	105.6	79.2
Total Common Shares Outstanding	109.12	175.22	105.36	105.6	105.6	79.2
Working Capital	2,009	1,954	1,909	1,028	1,443	523.81
Book Value Per Share	17.46	10.91	17.07	16.61	15.65	7.48
Tangible Book Value	1,840	1,846	1,731	1,687	1,620	573.08
Tangible Book Value Per Share	16.86	10.53	16.43	15.97	15.34	7.24
Buildings	-	-	587.32	578.61	38.26	38.26
Machinery	-	-	42.02	39.61	30.51	21.56
Construction In Progress	-	-	49.56	25.3	40.96	-
Order Backlog	-	-	2,753	-	-	-

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