SHE:301237 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	32.09	109.44	56.17	231.84	783.83	53.9
Trading Asset Securities	-	-	151.44	231.33	-	-
Cash & Short-Term Investments	32.09	109.44	207.61	463.17	783.83	53.9
Cash Growth	-82.20%	-47.28%	-55.18%	-40.91%	1354.14%	25.97%
Accounts Receivable	215.97	144.91	161.35	88	93.74	116.16
Other Receivables	3.76	5.7	0.77	1.08	1.79	0.07
Receivables	219.73	150.61	162.12	89.09	95.53	116.22
Inventory	193.05	198.73	194.38	186.05	145.34	90.27
Other Current Assets	84.12	78.02	14.54	14.33	5.21	21.45
Total Current Assets	528.99	536.81	578.65	752.64	1,030	281.84
Property, Plant & Equipment	1,139	1,141	794.45	799.19	438.21	278.63
Long-Term Investments	2.95	2.98	3.01	-	-	-
Other Intangible Assets	100.79	101.4	105.55	59.82	57.05	58.31
Long-Term Deferred Tax Assets	6.99	7.24	12.5	1.65	0.33	3.77
Other Long-Term Assets	0.8	1.4	93.69	1.21	85.76	39.47
Total Assets	1,779	1,791	1,588	1,615	1,611	662.01
Accounts Payable	108.17	151.29	62.01	79.87	34.44	39.17
Accrued Expenses	5.84	15.38	9.26	7.88	4.95	12.61
Short-Term Debt	34.08	53.72	62.71	58.55	30.53	100.63
Current Portion of Long-Term Debt	2.99	2.3	2.02	0.77	0.05	-
Current Portion of Leases	-	0.66	-	-	-	-
Current Income Taxes Payable	2.95	0.72	-	2.56	0.55	5.58
Current Unearned Revenue	7.6	4.08	4.73	2.75	1.47	2.41
Other Current Liabilities	16.37	0.88	1.01	0.83	9.26	9.34
Total Current Liabilities	178.01	229.02	141.74	153.21	81.26	169.75
Long-Term Debt	408.94	369.8	67.77	14.94	15.5	-
Long-Term Leases	0.83	0.88	-	-	-	-
Long-Term Unearned Revenue	22.08	22.92	16.5	11.89	12.52	14.14
Long-Term Deferred Tax Liabilities	-	-	-	0.05	2.16	5.74
Total Liabilities	609.85	622.62	226.02	180.09	111.44	189.62
Common Stock	80	80	80	80	80	60
Additional Paid-In Capital	1,111	1,111	1,111	1,111	1,111	113.16
Retained Earnings	-0.29	-1.46	188.09	243.22	308.58	299.23
Treasury Stock	-40	-40	-36.89	-	-	-
Total Common Equity	1,150	1,149	1,342	1,434	1,500	472.39
Minority Interest	19.08	19.33	19.52	-0.03	-	-
Shareholders' Equity	1,169	1,169	1,362	1,434	1,500	472.39
Total Liabilities & Equity	1,779	1,791	1,588	1,615	1,611	662.01
Total Debt	446.83	427.35	132.5	74.27	46.08	100.63
Net Cash (Debt)	-414.74	-317.91	75.11	388.9	737.75	-46.73
Net Cash Growth	-	-	-80.69%	-47.28%	-	-
Net Cash Per Share	-5.29	-4.06	0.94	4.78	9.82	-0.78
Filing Date Shares Outstanding	78.29	78.18	78.3	80	80	60
Total Common Shares Outstanding	78.29	78.18	78.3	80	80	60
Working Capital	350.99	307.78	436.91	599.43	948.65	112.1
Book Value Per Share	14.69	14.70	17.14	17.93	18.75	7.87
Tangible Book Value	1,050	1,048	1,237	1,375	1,443	414.08
Tangible Book Value Per Share	13.41	13.40	15.80	17.18	18.03	6.90
Buildings	-	483.56	353.02	265.16	90.96	90.88
Machinery	-	535.62	634.27	255.79	251.44	237.8
Construction In Progress	-	421.35	27.2	432.64	217.2	40.71

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