SHE:301309 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	414.99	356.44	136.45	736.02	927.03	68.37
Trading Asset Securities	7.01	14	90.12	-	-	0.83
Cash & Short-Term Investments	421.99	370.44	226.56	736.02	927.03	69.2
Cash Growth	47.53%	63.51%	-69.22%	-20.61%	1239.62%	-5.18%
Accounts Receivable	181.13	196.77	211.1	157.23	130.79	133.17
Other Receivables	2.51	5.76	5.39	4.17	0.27	8.22
Receivables	183.64	202.53	216.5	161.4	131.06	141.39
Inventory	450.36	412.93	357.44	287.55	176.53	272.8
Other Current Assets	89.01	143.79	7.82	3.78	13.33	7.89
Total Current Assets	1,145	1,130	808.31	1,189	1,248	491.27
Property, Plant & Equipment	589.24	588.87	513.3	391.56	241.04	153.08
Long-Term Investments	-	-	407.76	-	-	-
Other Intangible Assets	83.88	84.91	89.93	91.96	77.81	67.38
Long-Term Deferred Tax Assets	11.67	10.45	6.91	2.63	5.26	5.19
Other Long-Term Assets	39.66	31.77	4.92	0.37	13.87	24.1
Total Assets	1,869	1,846	1,831	1,675	1,586	741.03
Accounts Payable	69.54	93.38	126.55	123.4	88.12	107.29
Accrued Expenses	7.91	13.96	19.86	16.57	18.99	22.26
Short-Term Debt	47.28	22.11	77.77	80.59	62.42	185.12
Current Portion of Long-Term Debt	19.07	19.67	-	-	-	-
Current Portion of Leases	-	-	0.46	0.35	0.33	0.3
Current Income Taxes Payable	2.09	5.48	7.06	5.57	-	5.77
Current Unearned Revenue	2.11	0.98	0.28	1.34	1.34	8.94
Other Current Liabilities	2.76	3.05	1.06	0.32	5.4	0.54
Total Current Liabilities	150.77	158.64	233.05	228.13	176.59	330.23
Long-Term Leases	-	-	0.26	0.18	0.53	0.86
Long-Term Unearned Revenue	32.86	31.87	25.51	9.77	3.73	2.45
Long-Term Deferred Tax Liabilities	-	0	0	0	4.33	1.16
Total Liabilities	183.63	190.51	258.83	238.09	185.18	334.7
Common Stock	100.53	100.53	100	100	100	75
Additional Paid-In Capital	893.49	890.44	875.86	872	872.51	35.7
Retained Earnings	700.51	667.94	584.21	464.07	426.75	294.97
Comprehensive Income & Other	-19.14	-14.13	1.1	1.43	1.1	-0.16
Total Common Equity	1,675	1,645	1,561	1,437	1,400	405.51
Minority Interest	10.44	10.41	11.13	-0.31	0.37	0.82
Shareholders' Equity	1,686	1,655	1,572	1,437	1,401	406.33
Total Liabilities & Equity	1,869	1,846	1,831	1,675	1,586	741.03
Total Debt	66.36	41.78	78.49	81.12	63.28	186.29
Net Cash (Debt)	355.64	328.66	148.07	654.9	863.75	-117.09
Net Cash Growth	71.54%	121.96%	-77.39%	-24.18%	-	-
Net Cash Per Share	3.51	3.27	1.48	6.56	10.64	-1.56
Filing Date Shares Outstanding	101.78	100.53	100	100	100	75
Total Common Shares Outstanding	101.78	100.53	100	100	100	75
Working Capital	994.24	971.05	575.26	960.62	1,071	161.05
Book Value Per Share	16.46	16.36	15.61	14.37	14.00	5.41
Tangible Book Value	1,592	1,560	1,471	1,346	1,323	338.13
Tangible Book Value Per Share	15.64	15.52	14.71	13.46	13.23	4.51
Buildings	-	-	102.65	102.49	101.9	75.84
Machinery	-	-	274.48	240.98	127.27	100.92
Construction In Progress	-	-	239.15	124.95	68.12	15.98

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