SHE:301303 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	356.7	422.91	327.04	191.65	154.69	123.22
Short-Term Investments	-	-	100.57	100.8	-	-
Trading Asset Securities	938.15	449.66	410.23	307.42	27.5	22.99
Cash & Short-Term Investments	1,295	872.57	837.84	599.87	182.19	146.21
Cash Growth	104.37%	4.15%	39.67%	229.25%	24.61%	8.80%
Accounts Receivable	1,495	1,497	1,262	1,026	813.41	652.63
Other Receivables	120.43	105.04	-	8.79	-	-
Receivables	1,616	1,602	1,262	1,035	813.41	652.63
Inventory	362.99	317.28	297.78	243.44	236.58	195.42
Other Current Assets	183.95	145.42	54.31	46.4	36.82	24.16
Total Current Assets	3,457	2,937	2,452	1,925	1,269	1,018
Property, Plant & Equipment	684.5	661.84	487.17	416.09	280.05	144.08
Long-Term Investments	313.62	1,021	1,201	1,317	134.66	123.04
Goodwill	-	-	6.41	-	-	-
Other Intangible Assets	118.44	120.14	87.35	68.52	70.34	46.4
Long-Term Accounts Receivable	-	-	-	-	5.78	10.14
Long-Term Deferred Tax Assets	21.43	16.47	11.23	7.34	20.96	14.8
Long-Term Deferred Charges	-	-	0.26	0.57	1.42	1.09
Other Long-Term Assets	64.78	46.28	32.17	16.24	7.69	35.1
Total Assets	4,660	4,802	4,277	3,750	1,790	1,393
Accounts Payable	583.6	637.21	412.78	386.31	388.43	290.68
Accrued Expenses	85.02	119.44	123.25	94.1	89.48	73.33
Short-Term Debt	199.17	320.64	229.94	20.95	130.12	111.84
Current Portion of Long-Term Debt	7.33	7.24	78.1	-	-	-
Current Portion of Leases	-	-	2.68	-	11	3.45
Current Income Taxes Payable	44.57	49.99	37.09	31.02	20.62	15.95
Current Unearned Revenue	43.48	46.48	22.35	6.39	10.23	15.34
Other Current Liabilities	19.5	20.62	22.28	12.28	48.5	15.99
Total Current Liabilities	982.67	1,202	928.47	551.06	698.38	526.57
Long-Term Debt	55.83	39.37	-	80.07	73.78	14.39
Long-Term Leases	2.03	2.35	3.56	-	-	7.13
Long-Term Unearned Revenue	50.84	46.38	34.95	25.16	22.15	17.77
Long-Term Deferred Tax Liabilities	-	-	-	-	13.72	5.28
Total Liabilities	1,091	1,290	966.97	656.3	808.04	571.13
Common Stock	408.8	408.8	408.8	292	219	219
Additional Paid-In Capital	1,714	1,714	1,728	1,844	59.29	59.29
Retained Earnings	1,375	1,322	1,122	943.95	694.3	537.02
Total Common Equity	3,499	3,445	3,258	3,080	972.59	815.31
Minority Interest	70.14	67.79	52.37	13.97	9.26	6.62
Shareholders' Equity	3,569	3,512	3,310	3,094	981.86	821.93
Total Liabilities & Equity	4,660	4,802	4,277	3,750	1,790	1,393
Total Debt	264.37	369.6	314.27	101.02	214.9	136.81
Net Cash (Debt)	1,030	502.97	523.57	498.85	-32.71	9.4
Net Cash Growth	297.52%	-3.93%	4.96%	-	-	-55.97%
Net Cash Per Share	2.53	1.23	1.27	1.27	-0.11	0.03
Filing Date Shares Outstanding	414.38	404.4	408.8	408.8	408.8	306.6
Total Common Shares Outstanding	414.38	404.4	408.8	408.8	306.6	306.6
Working Capital	2,475	1,735	1,524	1,373	570.62	491.84
Book Value Per Share	8.44	8.52	7.97	7.53	3.17	2.66
Tangible Book Value	3,380	3,325	3,164	3,011	902.25	768.9
Tangible Book Value Per Share	8.16	8.22	7.74	7.37	2.94	2.51
Buildings	-	-	330.05	271.1	49.19	48.71
Machinery	-	-	274.82	220.01	175.88	129.97
Construction In Progress	-	-	58.76	47.87	137.45	19.72

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