SHE:301261 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	87.08	156.05	172.67	332.98	58.79	52.64
Trading Asset Securities	70.62	10.38	418.13	318.3	6.5	-
Cash & Short-Term Investments	157.7	166.43	590.8	651.29	65.29	52.64
Cash Growth	-73.77%	-71.83%	-9.29%	897.57%	24.02%	311.52%
Accounts Receivable	519.43	456.7	366.98	298.23	232.6	229.19
Other Receivables	1.3	1.32	3.35	5.58	7.52	0.07
Receivables	520.73	458.02	370.33	303.81	240.12	229.26
Inventory	295.87	270.96	210.45	188.53	166.85	157.74
Prepaid Expenses	-	-	0	0.01	0.01	-
Other Current Assets	96.54	112.17	126.28	242.11	34.47	13.74
Total Current Assets	1,071	1,008	1,298	1,386	506.74	453.38
Property, Plant & Equipment	1,100	1,092	818.84	580.18	428.56	377.58
Long-Term Investments	181.21	122.37	68.95	-	-	-
Other Intangible Assets	60.13	60.53	62.29	51.07	52.68	27.54
Long-Term Deferred Tax Assets	40.08	37.42	19.89	4.98	10.75	2.03
Long-Term Deferred Charges	2.05	2.25	1.58	2.15	3.09	3.22
Other Long-Term Assets	18.33	18.29	468.21	335.27	4.13	16.57
Total Assets	2,473	2,340	2,738	2,359	1,006	880.32
Accounts Payable	170.93	245.88	161.02	132.7	48.1	73.53
Accrued Expenses	17.75	24.58	22.13	16.42	9.39	14.28
Short-Term Debt	318.86	258.82	780.98	530.52	166.09	70.09
Current Portion of Long-Term Debt	52.15	47.56	23.09	3.2	-	-
Current Portion of Leases	-	3.01	2.22	10.58	18.74	9.89
Current Income Taxes Payable	16.99	8.47	2.48	6	2.93	1.71
Current Unearned Revenue	21.09	19.1	9.01	7.56	8.26	14.17
Other Current Liabilities	137.5	112.16	90.18	73.63	52.1	106.12
Total Current Liabilities	735.27	719.58	1,091	780.62	305.6	289.79
Long-Term Debt	71.53	35.35	102	77.06	-	-
Long-Term Leases	3.13	3.25	3.27	1.42	10.91	9.87
Long-Term Unearned Revenue	41.27	30.61	23.91	16.21	15.53	5.45
Long-Term Deferred Tax Liabilities	5.84	0.1	2.33	0.07	11.38	-
Total Liabilities	857.04	788.88	1,223	875.38	343.42	305.11
Common Stock	87.89	87.89	87.89	87.89	65.92	65.92
Additional Paid-In Capital	1,074	1,072	1,071	1,071	372.18	372.18
Retained Earnings	449.04	387.09	350.7	320.58	220.3	131.83
Comprehensive Income & Other	5.21	4.22	5.51	4.63	4.14	5.28
Shareholders' Equity	1,616	1,551	1,515	1,484	662.53	575.21
Total Liabilities & Equity	2,473	2,340	2,738	2,359	1,006	880.32
Total Debt	445.66	347.99	911.56	622.78	195.74	89.86
Net Cash (Debt)	-287.96	-181.56	-320.76	28.51	-130.45	-37.22
Net Cash Per Share	-3.25	-2.06	-3.64	0.38	-1.98	-0.56
Filing Date Shares Outstanding	87.89	87.89	87.89	87.89	65.92	65.92
Total Common Shares Outstanding	87.89	87.89	87.89	87.89	65.92	65.92
Working Capital	335.57	288	206.76	605.13	201.14	163.59
Book Value Per Share	18.39	17.65	17.24	16.88	10.05	8.73
Tangible Book Value	1,556	1,491	1,453	1,433	609.85	547.67
Tangible Book Value Per Share	17.70	16.96	16.53	16.30	9.25	8.31
Buildings	-	305.04	305.56	156.41	149.31	119.58
Machinery	-	970.9	620.43	368.78	343.55	286.99
Construction In Progress	-	126.06	115.7	179.43	15.48	41.54