SHE:301251 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	Dec '21 Dec 31, 2021
Cash & Equivalents	518.37	631.17	698.91	759.05	109.64	171.44
Trading Asset Securities	64.72	57.38	154.62	158.4	-	1.93
Cash & Short-Term Investments	583.09	688.55	853.53	917.46	109.64	173.37
Cash Growth	-25.58%	-19.33%	-6.97%	736.79%	-36.76%	62.70%
Accounts Receivable	568.55	542.57	343.75	294.5	263.58	263.85
Other Receivables	1.36	1.34	2.73	1.93	2.06	6.42
Receivables	569.91	543.91	346.47	296.42	265.64	270.26
Inventory	509.47	403.93	258.93	161.76	152.18	220.53
Other Current Assets	81.27	74.43	44.79	21.75	5.01	13.81
Total Current Assets	1,744	1,711	1,504	1,397	532.47	677.97
Property, Plant & Equipment	1,089	1,108	862.65	474.57	350.49	346.03
Other Intangible Assets	62.26	65.09	60.74	59.57	15.05	11.59
Long-Term Deferred Tax Assets	19.24	20.85	21.77	5.23	5.12	5.91
Long-Term Deferred Charges	13.74	12.73	9.9	4.75	3.91	3.36
Other Long-Term Assets	114.23	80.23	9.23	19.83	1.9	3.39
Total Assets	3,042	2,998	2,468	1,961	908.95	1,048
Accounts Payable	909.43	853.83	664.39	371	272.52	518.6
Accrued Expenses	22.43	19.46	17.73	14.32	12.73	11.77
Short-Term Debt	413.17	388.17	241.09	99.97	95.08	80.03
Current Portion of Long-Term Debt	-	30.04	-	-	0.41	-
Current Portion of Leases	59.31	0.2	0.22	3.7	5.88	17.87
Current Income Taxes Payable	2.91	-	0.06	1.15	0.72	3.39
Current Unearned Revenue	1.97	1.13	1.06	0.43	0	0.15
Other Current Liabilities	72.41	87.76	35.58	22.64	28.28	28.07
Total Current Liabilities	1,482	1,381	960.12	513.22	415.62	659.88
Long-Term Debt	-	30	-	-	9.6	-
Long-Term Leases	0.52	0.21	0.4	3.6	7.25	3.6
Long-Term Unearned Revenue	4.85	4.95	5.37	5.8	6.23	6.67
Long-Term Deferred Tax Liabilities	0.3	0.24	0.37	0.44	0.4	0.31
Other Long-Term Liabilities	-	-	-	0.19	0.38	0.38
Total Liabilities	1,487	1,416	966.26	523.25	439.48	670.85
Common Stock	134.69	134.69	134.62	134.62	100.97	100.97
Additional Paid-In Capital	1,079	1,072	1,061	1,053	210.92	206.12
Retained Earnings	341.64	334.84	285.57	247.75	157.58	70.3
Comprehensive Income & Other	-0.63	40.94	20.52	2.77	-	-
Shareholders' Equity	1,555	1,582	1,502	1,438	469.47	377.39
Total Liabilities & Equity	3,042	2,998	2,468	1,961	908.95	1,048
Total Debt	473	448.61	241.71	107.27	118.23	101.5
Net Cash (Debt)	110.09	239.94	611.83	810.19	-8.59	71.86
Net Cash Growth	-78.28%	-60.78%	-24.48%	-	-	-
Net Cash Per Share	0.58	1.27	3.21	5.26	-0.06	0.55
Filing Date Shares Outstanding	188.56	188.56	188.47	188.47	141.35	141.35
Total Common Shares Outstanding	188.56	188.56	188.47	188.47	141.35	141.35
Working Capital	262.11	330.25	543.61	884.17	116.85	18.09
Book Value Per Share	8.25	8.39	7.97	7.63	3.32	2.67
Tangible Book Value	1,492	1,517	1,441	1,379	454.42	365.81
Tangible Book Value Per Share	7.91	8.05	7.65	7.31	3.21	2.59
Buildings	-	548.81	497.9	171.75	165.19	137.89
Machinery	-	710.1	562.14	375.61	347.24	320.51
Construction In Progress	-	185.36	59.57	133.01	4.61	9.21