SHE:301265 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	525.48	691.35	883.49	991.29	1,158	245.95
Short-Term Investments	-	14.1	6.07	6.68	-	-
Trading Asset Securities	-	-	5.01	-	-	-
Cash & Short-Term Investments	525.48	705.45	894.57	997.98	1,158	245.95
Cash Growth	-35.39%	-21.14%	-10.36%	-13.85%	370.98%	21.29%
Accounts Receivable	395.57	590.78	627.53	629.18	591.93	532.7
Other Receivables	260.15	3.61	1.94	9.15	11.06	3.54
Receivables	655.72	594.39	629.47	638.34	603	536.24
Inventory	470.95	119.95	74.66	27.41	20.57	27.35
Prepaid Expenses	-	-	-	-	0.47	-
Other Current Assets	138.95	94.58	61.31	36.7	20.18	14.53
Total Current Assets	1,791	1,514	1,660	1,700	1,803	824.07
Property, Plant & Equipment	787.76	796.86	569.46	450.68	377.4	292.01
Long-Term Investments	6.98	7.56	-	-	-	-
Goodwill	35.26	35.26	-	-	-	-
Other Intangible Assets	151.35	159.39	100.9	82.92	73.7	75.87
Long-Term Deferred Tax Assets	10.54	19.62	14.57	10.95	7.41	5.43
Long-Term Deferred Charges	21.23	20.16	8.43	2.96	1.4	2.56
Other Long-Term Assets	68.92	66.07	24.58	25.14	5.04	9.43
Total Assets	2,873	2,619	2,378	2,273	2,268	1,209
Accounts Payable	205.11	93.64	57.53	26.18	36.88	34.55
Accrued Expenses	16.95	29.97	22.21	22.54	38.32	33.6
Short-Term Debt	121.8	43.68	1.37	1.8	-	48.64
Current Portion of Long-Term Debt	-	-	-	-	-	21.42
Current Portion of Leases	3.01	3.11	2.99	3.16	2.41	0.71
Current Income Taxes Payable	6.88	4.3	2.04	2.94	7.16	2.63
Current Unearned Revenue	81.59	57.9	22.26	10.72	18.82	26.48
Other Current Liabilities	59.75	58.96	22.26	15.55	16.44	15.87
Total Current Liabilities	495.09	291.55	130.65	82.9	120.02	183.9
Long-Term Leases	4.55	3.57	5.64	8.73	11.1	4.91
Long-Term Unearned Revenue	28.48	28.77	28.03	30.74	33.64	37.02
Long-Term Deferred Tax Liabilities	2.38	2.77	0.09	0.13	0.19	-
Other Long-Term Liabilities	102.06	95.5	81.5	77.69	74.06	-
Total Liabilities	632.55	422.17	245.91	200.19	239.01	225.83
Common Stock	302.97	302.97	302.97	302.97	302.97	227.22
Additional Paid-In Capital	1,125	1,124	1,117	1,115	1,116	266.23
Retained Earnings	751.05	718.71	670.63	623.39	595.36	483.87
Treasury Stock	-65.93	-65.93	-33.51	-	-	-
Comprehensive Income & Other	13.18	12.67	11.08	8.87	6.56	4.3
Total Common Equity	2,127	2,092	2,068	2,050	2,021	981.63
Minority Interest	113.98	105.05	64.36	22.84	7.81	1.92
Shareholders' Equity	2,241	2,197	2,132	2,073	2,029	983.55
Total Liabilities & Equity	2,873	2,619	2,378	2,273	2,268	1,209
Total Debt	129.35	50.36	10	13.69	13.51	75.68
Net Cash (Debt)	396.13	655.09	884.57	984.29	1,145	170.28
Net Cash Growth	-50.70%	-25.94%	-10.13%	-14.03%	572.36%	12.26%
Net Cash Per Share	1.29	2.18	2.95	3.22	5.03	0.75
Filing Date Shares Outstanding	297.62	297.62	299.2	302.97	302.97	227.22
Total Common Shares Outstanding	297.62	297.62	299.2	302.97	302.97	227.22
Working Capital	1,296	1,223	1,529	1,618	1,683	640.17
Book Value Per Share	7.15	7.03	6.91	6.77	6.67	4.32
Tangible Book Value	1,940	1,897	1,967	1,967	1,947	905.76
Tangible Book Value Per Share	6.52	6.38	6.57	6.49	6.43	3.99
Buildings	-	233.41	235.84	231.44	225.35	211.17
Machinery	-	312.38	299.78	299.59	257.79	147.4
Construction In Progress	-	468.36	220.6	78.65	26.66	48.59

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