SHE:301255 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	66.54	103.2	155.38	440.71	711.59	43.57
Trading Asset Securities	296.68	300.01	301.29	212.49	41.68	30.39
Cash & Short-Term Investments	363.22	403.2	456.67	653.2	753.27	73.96
Cash Growth	-11.95%	-11.71%	-30.09%	-13.28%	918.53%	48.06%
Accounts Receivable	166.59	107.99	143.63	136.33	121.58	107.86
Other Receivables	5.64	0.57	0.82	0.96	3.1	0.1
Receivables	172.23	108.57	144.45	137.3	124.68	107.96
Inventory	219.19	114.26	117.81	130.1	127.99	131.14
Other Current Assets	56.54	43.66	25.49	5.45	0.94	5.97
Total Current Assets	811.18	669.69	744.42	926.05	1,007	319.02
Property, Plant & Equipment	631.9	565.69	489.01	268.22	207.7	170.74
Long-Term Investments	67.7	67.8	31.05	-	-	-
Other Intangible Assets	124.43	92.87	95.71	98.83	57.01	58.37
Long-Term Deferred Tax Assets	9.69	5.21	1.51	0.09	-	2.22
Long-Term Deferred Charges	2.77	0.94	-	-	-	-
Other Long-Term Assets	6.53	4.82	30.81	28.83	8.81	15.37
Total Assets	1,658	1,407	1,392	1,322	1,280	565.73
Accounts Payable	281.36	247.39	292.77	204.37	184.56	141.65
Accrued Expenses	9.55	11.74	15.54	13	13.16	14.56
Short-Term Debt	109.78	40.03	-	9	8.84	6.01
Current Portion of Long-Term Debt	1.35	1.58	0.46	0.46	-	-
Current Income Taxes Payable	5.96	9.87	1.41	4.29	0.91	5.66
Current Unearned Revenue	13.05	12.51	8.72	12.33	12.73	16.18
Other Current Liabilities	12.2	5.21	2.4	2.49	2.17	3.31
Total Current Liabilities	433.26	328.33	321.31	245.95	222.37	187.37
Long-Term Debt	58.61	3.33	24.76	25.21	22.71	-
Long-Term Leases	0.03	0.03	0.05	0.03	0.04	0.13
Long-Term Unearned Revenue	12.53	13.12	6.35	7.9	3.81	4.47
Long-Term Deferred Tax Liabilities	7.44	0.8	0.51	0.99	2.26	-
Total Liabilities	511.87	345.61	352.99	280.07	251.19	191.97
Common Stock	152.32	152.32	108.8	108.8	68	51
Additional Paid-In Capital	511.91	511.91	555.43	555.43	596.23	54.58
Retained Earnings	403.86	397.14	375.24	377.69	364.93	268.18
Comprehensive Income & Other	0.06	0.05	0.04	0.04	0.04	-
Total Common Equity	1,068	1,061	1,040	1,042	1,029	373.76
Minority Interest	77.69	-0.01	-	-	-	-
Shareholders' Equity	1,146	1,061	1,040	1,042	1,029	373.76
Total Liabilities & Equity	1,658	1,407	1,392	1,322	1,280	565.73
Total Debt	169.77	44.97	25.27	34.7	31.6	6.14
Net Cash (Debt)	193.45	358.23	431.4	618.5	721.67	67.82
Net Cash Growth	-49.45%	-16.96%	-30.25%	-14.29%	964.12%	1890.92%
Net Cash Per Share	1.25	2.38	2.85	4.05	6.34	0.60
Filing Date Shares Outstanding	168.12	219.7	152.32	152.32	152.32	114.24
Total Common Shares Outstanding	168.12	219.7	152.32	152.32	152.32	114.24
Working Capital	377.92	341.36	423.11	680.11	784.51	131.65
Book Value Per Share	6.35	4.83	6.82	6.84	6.76	3.27
Tangible Book Value	940.21	968.55	943.8	943.13	972.2	315.39
Tangible Book Value Per Share	5.59	4.41	6.20	6.19	6.38	2.76
Buildings	-	-	143.96	146.1	129.97	129.97
Machinery	-	-	275.99	276.99	279.85	239.46
Construction In Progress	38.02	-	316.4	73.1	0.5	4.38

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