SHE:301281 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	363.6	359.08	178.13	325.22	148.97	66.01
Short-Term Investments	-	-	-	210.26	-	-
Trading Asset Securities	-	-	254.43	150.54	-	-
Cash & Short-Term Investments	363.6	359.08	432.56	686.02	148.97	66.01
Cash Growth	-8.56%	-16.99%	-36.95%	360.50%	125.69%	76.29%
Accounts Receivable	198.13	117.97	95.85	75.85	56.87	43.71
Other Receivables	13.35	12.32	27.11	0.65	0.31	0.69
Receivables	211.48	130.29	122.96	76.5	57.18	44.4
Inventory	141.48	147.45	128.94	108.05	67.92	86.44
Other Current Assets	15.01	15.57	6.26	8.22	8.2	6.53
Total Current Assets	731.57	652.39	690.73	878.79	282.27	203.38
Property, Plant & Equipment	683.33	679.36	477	314.2	308.83	290.27
Long-Term Investments	190.92	191.52	190.31	184.08	-	-
Goodwill	1.03	1.03	1.82	-	-	-
Other Intangible Assets	112.94	112.74	107.17	46.02	49.08	51.76
Long-Term Deferred Tax Assets	4.34	4.26	3.06	2.92	2.09	1.62
Long-Term Deferred Charges	2.61	3.59	2.39	0.73	1.73	3.15
Other Long-Term Assets	64.06	42.78	79.98	43.22	7.79	9.34
Total Assets	1,791	1,688	1,552	1,470	651.79	559.51
Accounts Payable	102.94	105.65	42.25	50.18	54.98	60.58
Accrued Expenses	12.91	49.6	44.59	39.71	29.23	23.65
Short-Term Debt	39.44	-	-	-	-	-
Current Income Taxes Payable	9.35	0	1.08	0	-	4.59
Current Unearned Revenue	6.41	6.77	20.24	3.5	3.02	3.09
Other Current Liabilities	68.63	13.96	11.63	17.75	20.64	18.83
Total Current Liabilities	239.67	175.99	119.78	111.14	107.86	110.75
Long-Term Debt	117.15	112.34	45.66	-	-	-
Long-Term Unearned Revenue	7.86	8.41	9.27	10.53	9.04	10.11
Long-Term Deferred Tax Liabilities	16.27	18.29	17.78	17.25	15.16	7.66
Other Long-Term Liabilities	16.45	16.45	0.38	-	-	-
Total Liabilities	397.4	331.48	192.87	138.93	132.06	128.52
Common Stock	108.29	108.29	108.29	108.29	58	58
Additional Paid-In Capital	912.8	907.68	907.67	909.97	195.34	195.34
Retained Earnings	365.23	335.16	340.26	312.3	266.2	174.93
Comprehensive Income & Other	5.98	4.42	2.57	0.48	0.19	2.72
Total Common Equity	1,392	1,356	1,359	1,331	519.73	430.98
Minority Interest	1.09	0.63	0.81	-	-	-
Shareholders' Equity	1,393	1,356	1,360	1,331	519.73	430.98
Total Liabilities & Equity	1,791	1,688	1,552	1,470	651.79	559.51
Total Debt	156.58	112.34	45.66	-	-	-
Net Cash (Debt)	207.02	246.73	386.9	686.02	148.97	66.01
Net Cash Growth	-37.45%	-36.23%	-43.60%	360.50%	125.69%	76.29%
Net Cash Per Share	1.88	2.24	3.58	6.77	1.83	0.81
Filing Date Shares Outstanding	108.29	108.29	108.29	108.29	81.2	81.2
Total Common Shares Outstanding	108.29	108.29	108.29	108.29	81.2	81.2
Working Capital	491.9	476.4	570.95	767.65	174.4	92.64
Book Value Per Share	12.86	12.52	12.55	12.29	6.40	5.31
Tangible Book Value	1,278	1,242	1,250	1,285	470.65	379.23
Tangible Book Value Per Share	11.80	11.47	11.54	11.87	5.80	4.67
Buildings	-	220.06	216.15	213.26	208.05	186.34
Machinery	-	373.66	342.54	316.21	275.82	210.37
Construction In Progress	-	390.16	183.15	12.15	19.99	66.23

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