SHE:301266 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	607.37	547.82	342.16	910.02	274.93	137.16
Trading Asset Securities	89	139.1	449.78	183.56	368.26	87.69
Cash & Short-Term Investments	696.37	686.92	791.94	1,094	643.19	224.85
Cash Growth	-0.70%	-13.26%	-27.58%	70.02%	186.06%	1.46%
Accounts Receivable	1,837	1,619	1,891	1,527	1,178	701.58
Other Receivables	0.18	0.18	0.18	0.17	0.4	0.06
Receivables	1,837	1,619	1,891	1,527	1,179	701.64
Inventory	318.85	355.05	216.14	187.68	128.61	125.08
Prepaid Expenses	-	1.77	1.94	0.91	-	-
Other Current Assets	37.61	52.54	31.33	5.99	5.73	10.06
Total Current Assets	2,890	2,715	2,933	2,815	1,956	1,062
Property, Plant & Equipment	432.87	445.54	437.23	250.84	192.48	149.72
Long-Term Investments	22.17	22.43	10	3.32	4.82	5.05
Other Intangible Assets	20.04	20.53	18.22	22.97	12.86	13.25
Long-Term Deferred Tax Assets	13.68	13.68	10.35	11.79	8.94	6.61
Long-Term Deferred Charges	0.17	0.19	-	-	-	-
Other Long-Term Assets	26.28	26.77	35.82	0.25	7.63	0.32
Total Assets	3,406	3,244	3,444	3,104	2,183	1,237
Accounts Payable	435.19	269.6	515.59	375.3	325.04	147.76
Accrued Expenses	4.82	8.77	6.79	10.93	8.1	6.46
Short-Term Debt	470.55	549.1	573.21	551.27	331.15	315.79
Current Portion of Long-Term Debt	27	53.67	11.4	56.9	13.2	4.75
Current Portion of Leases	-	0.24	-	-	-	-
Current Income Taxes Payable	12.29	0.02	4.34	6.44	4.86	3.02
Current Unearned Revenue	11.48	8.81	14.46	1.9	4.45	1.08
Other Current Liabilities	263.89	250.76	236.17	71.85	59.1	75.98
Total Current Liabilities	1,225	1,141	1,362	1,075	745.89	554.85
Long-Term Debt	298.66	253.67	261.05	386.51	55.9	13
Long-Term Leases	8.37	8.07	-	-	-	-
Long-Term Unearned Revenue	0.75	0.79	0.94	0.6	-	-
Long-Term Deferred Tax Liabilities	-	-	-	18.89	0.19	0.22
Total Liabilities	1,533	1,404	1,624	1,481	801.98	568.07
Common Stock	109.98	109.98	109.88	104	104	78
Additional Paid-In Capital	1,110	1,110	1,109	882.97	879.78	293.54
Retained Earnings	590.66	558.72	540.53	530	397.38	296.96
Comprehensive Income & Other	60.89	60.9	60.9	106.9	-	-
Total Common Equity	1,872	1,840	1,820	1,624	1,381	668.5
Minority Interest	0.88	0.95	0.52	-	-	-
Shareholders' Equity	1,873	1,841	1,821	1,624	1,381	668.5
Total Liabilities & Equity	3,406	3,244	3,444	3,104	2,183	1,237
Total Debt	804.58	864.76	845.66	994.68	400.25	333.54
Net Cash (Debt)	-108.2	-177.83	-53.72	98.89	242.95	-108.69
Net Cash Growth	-	-	-	-59.29%	-	-
Net Cash Per Share	-1.00	-1.65	-0.51	0.94	2.66	-1.39
Filing Date Shares Outstanding	110.11	109.98	109.88	104	104	78
Total Common Shares Outstanding	110.11	109.98	109.88	104	104	78
Working Capital	1,665	1,574	1,571	1,741	1,211	506.77
Book Value Per Share	17.00	16.73	16.56	15.61	13.28	8.57
Tangible Book Value	1,852	1,819	1,802	1,601	1,368	655.25
Tangible Book Value Per Share	16.82	16.54	16.40	15.39	13.16	8.40
Buildings	-	243.62	152.59	132.12	107.99	80.93
Machinery	-	297.45	252.13	163.16	121.93	90.93
Construction In Progress	-	5.14	117.56	36.85	27.31	30.47

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