SHE:301295 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	243.07	247.22	555.08	672.74	20.22	14.98
Trading Asset Securities	1	30.27	20.01	-	-	-
Cash & Short-Term Investments	244.07	277.48	575.1	672.74	20.22	14.98
Cash Growth	-57.20%	-51.75%	-14.51%	3227.17%	34.94%	-34.43%
Accounts Receivable	360.96	273.32	278.56	161.34	176.27	184.82
Other Receivables	2.58	2.32	4.84	5.43	3.18	2.35
Receivables	363.54	275.63	283.41	166.77	179.45	187.17
Inventory	178.75	181.29	151	107.98	82.6	105.34
Other Current Assets	15.52	10.49	7.58	8.03	12.03	6.47
Total Current Assets	801.89	744.89	1,017	955.52	294.3	313.97
Property, Plant & Equipment	203.9	204.87	206.83	207.31	198.11	175.87
Long-Term Investments	7.41	5.41	-	-	-	-
Other Intangible Assets	30.18	30.34	24.81	21.62	21.93	17.2
Long-Term Deferred Tax Assets	0	0.01	0	0	0	0
Other Long-Term Assets	397	395.84	6.47	0.69	0.63	5.79
Total Assets	1,440	1,381	1,255	1,185	514.97	512.83
Accounts Payable	276.48	249.85	245.74	172.23	148.37	215.45
Accrued Expenses	14.37	18.03	19.35	19.33	16.2	24.61
Short-Term Debt	147.42	133.01	5.35	-	10.01	5.93
Current Portion of Long-Term Debt	1.03	1.01	-	-	0.42	-
Current Portion of Leases	-	-	1.67	0.73	-	-
Current Income Taxes Payable	0.88	1.45	0.09	-	0.02	0.22
Current Unearned Revenue	4.91	4.46	7.59	5.67	2.43	3.63
Other Current Liabilities	0.32	0.23	1.43	0.6	0.18	0.4
Total Current Liabilities	445.41	408.04	281.22	198.57	177.64	250.24
Long-Term Leases	1.04	1.04	-	0.71	-	-
Long-Term Unearned Revenue	14.48	15.29	13.29	16.16	14.82	6.76
Long-Term Deferred Tax Liabilities	2.98	0.77	2.83	3.13	3.37	2.37
Total Liabilities	463.92	425.14	297.35	218.58	195.82	259.38
Common Stock	100.8	100.8	100.8	72	54	54
Additional Paid-In Capital	598.1	598.1	598.1	626.9	40.88	40.88
Retained Earnings	277.55	257.31	258.95	267.66	224.27	158.57
Shareholders' Equity	976.45	956.22	957.86	966.56	319.15	253.45
Total Liabilities & Equity	1,440	1,381	1,255	1,185	514.97	512.83
Total Debt	149.48	135.07	7.02	1.44	10.43	5.93
Net Cash (Debt)	94.59	142.42	568.07	671.3	9.79	9.05
Net Cash Growth	-82.97%	-74.93%	-15.38%	6758.27%	8.13%	62.89%
Net Cash Per Share	0.93	1.39	5.62	7.58	0.13	0.12
Filing Date Shares Outstanding	101.16	102.73	100.8	100.8	75.6	75.6
Total Common Shares Outstanding	101.16	102.73	100.8	100.8	75.6	75.6
Working Capital	356.47	336.85	735.87	756.95	116.66	63.72
Book Value Per Share	9.65	9.31	9.50	9.59	4.22	3.35
Tangible Book Value	946.27	925.88	933.05	944.94	297.22	236.25
Tangible Book Value Per Share	9.35	9.01	9.26	9.37	3.93	3.12
Buildings	-	-	81.91	80.8	76.84	75.44
Machinery	-	-	224.07	203.16	170.88	139.53
Construction In Progress	-	-	21.47	20.99	29.48	20.21

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