SHE:301348 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	357.92	336.43	401.69	862.01	105.84	99.66
Cash & Short-Term Investments	357.92	336.43	401.69	862.01	105.84	99.66
Cash Growth	-17.10%	-16.25%	-53.40%	714.42%	6.21%	-49.35%
Accounts Receivable	410.38	457.94	470.46	467.72	401.48	309.33
Other Receivables	2.41	2.47	3.65	8.34	3.04	105.63
Receivables	412.8	460.42	474.11	476.06	404.52	414.96
Inventory	148.85	121.02	110.23	127.37	106.41	126.08
Other Current Assets	61.02	72.87	7.91	7.52	12.07	14.22
Total Current Assets	980.59	990.74	993.94	1,473	628.84	654.91
Property, Plant & Equipment	560.91	567.09	479.09	426.17	472.34	451.93
Long-Term Investments	88.35	378.68	326.94	1.52	0.47	0.47
Other Intangible Assets	10.81	10.71	9.33	6.61	7.02	7.49
Long-Term Deferred Tax Assets	17.64	15.35	5.07	3.84	4.53	3.85
Other Long-Term Assets	352.58	20.84	60.03	6.17	8.04	14.16
Total Assets	2,011	1,983	1,874	1,917	1,121	1,133
Accounts Payable	437.01	434.62	315.66	296.05	300.41	393.89
Accrued Expenses	13.24	14.59	10.36	11.84	13.86	24.59
Short-Term Debt	64.98	38.49	10.63	-	21.02	50.83
Current Portion of Long-Term Debt	-	-	-	15.73	1.26	-
Current Portion of Leases	0.05	0.04	-	-	-	-
Current Income Taxes Payable	1.34	-	-	1.22	-	-
Current Unearned Revenue	2.64	2.91	0.94	0.81	1.34	1.12
Other Current Liabilities	0.75	2.34	0.84	0.98	1	1.63
Total Current Liabilities	520.01	492.99	338.44	326.63	338.88	472.06
Long-Term Debt	11.02	-	-	10.9	44.62	-
Long-Term Leases	0.04	0.05	-	-	-	-
Long-Term Unearned Revenue	10.5	13.04	9.25	12.15	9.26	6.9
Long-Term Deferred Tax Liabilities	-	-	-	-	3.26	0.05
Total Liabilities	541.58	506.08	347.69	349.68	396.02	479.01
Common Stock	240	240	200	200	150	150
Additional Paid-In Capital	960.36	960.36	1,000	1,000	266.35	266.35
Retained Earnings	268.94	276.97	326.34	367.23	308.86	237.44
Shareholders' Equity	1,469	1,477	1,527	1,568	725.22	653.79
Total Liabilities & Equity	2,011	1,983	1,874	1,917	1,121	1,133
Total Debt	76.11	38.59	10.63	26.63	66.89	50.83
Net Cash (Debt)	281.81	297.85	391.06	835.38	38.95	48.82
Net Cash Growth	-23.56%	-23.84%	-53.19%	2044.76%	-20.23%	-70.01%
Net Cash Per Share	1.21	1.28	1.55	4.17	0.22	0.27
Filing Date Shares Outstanding	240	240	240	240	180	178.33
Total Common Shares Outstanding	240	240	240	240	180	178.33
Working Capital	460.58	497.75	655.5	1,146	289.96	182.85
Book Value Per Share	6.12	6.16	6.36	6.53	4.03	3.67
Tangible Book Value	1,458	1,467	1,517	1,561	718.2	646.31
Tangible Book Value Per Share	6.08	6.11	6.32	6.50	3.99	3.62
Buildings	-	188.01	179.93	152.85	88.01	87.09
Machinery	-	1,186	1,077	945.7	918.66	841.53
Construction In Progress	-	31.01	-	16.28	69.74	41.53

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