SHE:301287 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	790.64	807.39	867.12	1,054	333.32	239.09
Short-Term Investments	-	-	51.16	-	-	-
Trading Asset Securities	399.02	482.16	329.44	-	-	-
Cash & Short-Term Investments	1,190	1,290	1,248	1,054	333.32	239.09
Cash Growth	-5.79%	3.35%	18.43%	216.08%	39.41%	2.20%
Accounts Receivable	97.89	109.9	134.77	93.55	89.14	84.98
Other Receivables	6.18	13.94	7.66	5.29	5.15	9.2
Receivables	104.07	123.84	142.43	98.83	94.29	94.18
Inventory	97.5	85.88	94.24	91.04	99.57	146.69
Prepaid Expenses	-	-	1.17	1.67	0.11	0.11
Other Current Assets	7.88	9.08	6.19	6.01	10.06	9.53
Total Current Assets	1,399	1,508	1,492	1,251	537.35	489.6
Property, Plant & Equipment	91.09	90.79	83.32	79.17	82.77	90.88
Long-Term Investments	21.8	21.8	21.8	21.8	21.8	21.8
Other Intangible Assets	52.46	52.96	54.76	54.13	55.26	27.89
Long-Term Accounts Receivable	-	-	0.42	0.48	0.73	0.56
Long-Term Deferred Tax Assets	9.39	9.83	10.92	10.01	9.32	6.13
Long-Term Deferred Charges	0.21	0.22	0.18	0.26	0.35	0.32
Other Long-Term Assets	0.43	0.7	-	1.36	-	0.5
Total Assets	1,575	1,685	1,663	1,418	707.58	637.68
Accounts Payable	191.5	189.51	174.83	108.44	90.06	105.95
Accrued Expenses	11.7	11.77	18.52	16.35	16.83	17.41
Short-Term Debt	99.55	209.55	170.12	10.01	58.21	8.91
Current Portion of Long-Term Debt	6.34	6.35	12.71	17.4	9.01	-
Current Portion of Leases	-	-	2.83	2.36	1.73	0.7
Current Income Taxes Payable	20.53	23.9	20.16	16.14	18.13	7.27
Current Unearned Revenue	5.85	6.75	18.54	13.85	16.7	15.7
Other Current Liabilities	3.42	2.08	46.79	98.31	2.74	70.74
Total Current Liabilities	338.9	449.91	464.5	282.85	213.41	226.67
Long-Term Debt	-	-	-	-	16.7	51.68
Long-Term Leases	6.24	6.86	2.53	8.19	7.11	8.08
Long-Term Unearned Revenue	29.58	29.86	30.95	30.97	63.76	28.22
Long-Term Deferred Tax Liabilities	20.53	17.09	8.19	3.71	1.69	2.92
Other Long-Term Liabilities	0.17	0.53	0.73	0.99	0.63	0.16
Total Liabilities	395.43	504.24	506.92	326.71	303.31	317.73
Common Stock	66.67	66.67	66.67	66.67	50	50
Additional Paid-In Capital	714.44	715.08	715.08	715.08	141.28	141.28
Retained Earnings	397.96	389.3	365.19	300.63	203.71	119.44
Total Common Equity	1,179	1,171	1,147	1,082	394.99	310.72
Minority Interest	-	9.36	9.29	9.25	9.28	9.24
Shareholders' Equity	1,179	1,180	1,156	1,092	404.27	319.96
Total Liabilities & Equity	1,575	1,685	1,663	1,418	707.58	637.68
Total Debt	112.14	222.75	188.2	37.96	92.77	69.37
Net Cash (Debt)	1,078	1,067	1,060	1,016	240.55	169.72
Net Cash Growth	4.45%	0.69%	4.32%	322.20%	41.73%	24.11%
Net Cash Per Share	16.15	15.98	15.91	17.39	4.82	3.39
Filing Date Shares Outstanding	66.65	66.93	66.67	66.67	50	50
Total Common Shares Outstanding	66.65	66.93	66.67	66.67	50	50
Working Capital	1,060	1,058	1,027	968.27	323.94	262.93
Book Value Per Share	17.69	17.50	17.20	16.23	7.90	6.21
Tangible Book Value	1,127	1,118	1,092	1,028	339.73	282.83
Tangible Book Value Per Share	16.90	16.71	16.38	15.42	6.79	5.66
Buildings	-	-	86.28	85.99	85	81.63
Machinery	-	-	64.75	62.69	60.41	59.69
Construction In Progress	-	-	16.4	0.84	0.71	3.15

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