SHE:301372 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	29.55	48.93	188.86	463.28	42.59	33.01
Cash & Short-Term Investments	29.55	48.93	188.86	463.28	42.59	33.01
Cash Growth	-67.67%	-74.09%	-59.23%	987.74%	29.02%	3.25%
Accounts Receivable	484.36	452.55	528.17	536.92	411.89	293.96
Other Receivables	39.96	31.05	17.32	17.93	0.34	0.69
Receivables	524.32	483.6	545.49	554.85	412.23	294.66
Inventory	123.07	118.4	98.44	44.27	30.44	98.48
Other Current Assets	73.34	63.61	61.58	100.72	42.52	34.59
Total Current Assets	750.29	714.54	894.38	1,163	527.78	460.74
Property, Plant & Equipment	539.98	539.98	477.28	275.27	174.03	110.71
Long-Term Investments	5.05	-	-	-	-	-
Other Intangible Assets	57.75	63.43	70.57	73.74	68.33	71.51
Long-Term Accounts Receivable	-	1.21	2.16	15.29	8.33	-
Long-Term Deferred Tax Assets	68.03	69.32	61.22	36.48	23.65	18.88
Long-Term Deferred Charges	0.26	0.28	-	0.11	0.43	2.17
Other Long-Term Assets	1.46	-	-	4.35	9.44	12.05
Total Assets	1,423	1,389	1,506	1,568	811.98	676.06
Accounts Payable	316.24	354.06	343.01	256.9	248.23	213.6
Accrued Expenses	4.42	56.55	49.64	47.91	56.15	35.48
Short-Term Debt	173.18	176.51	213.09	155.74	180.21	102.15
Current Portion of Long-Term Debt	1.25	-	2.09	2.09	-	2.2
Current Portion of Leases	-	1.25	1.59	1.98	0.07	-
Current Income Taxes Payable	53.6	0.75	0.51	6.49	19.66	4.24
Current Unearned Revenue	52.1	35.75	17	10.8	6.39	92.34
Other Current Liabilities	72.59	20.29	25.65	83.56	19.88	31.28
Total Current Liabilities	673.38	645.15	652.58	565.47	530.6	481.29
Long-Term Debt	-	-	75	77	-	-
Long-Term Leases	3.5	3.46	0.66	0.93	4.2	4.58
Long-Term Unearned Revenue	3.64	3.64	3.64	3.64	3.64	3.64
Long-Term Deferred Tax Liabilities	0.94	0.94	0.12	0.17	0.45	-
Other Long-Term Liabilities	1.22	1.17	0.94	0.74	0.55	0.44
Total Liabilities	682.68	654.35	732.94	647.95	539.44	489.94
Common Stock	68.57	68.57	68.57	68.57	51.43	51.43
Additional Paid-In Capital	658.96	658.96	658.96	658.96	47.32	47.32
Retained Earnings	13.59	7.85	45.55	193.02	173.62	87.16
Comprehensive Income & Other	0	0	-	-	-	-
Total Common Equity	741.13	735.39	773.09	920.56	272.37	185.9
Minority Interest	-0.98	-0.98	-0.42	-0.16	0.18	0.22
Shareholders' Equity	740.14	734.41	772.67	920.4	272.54	186.12
Total Liabilities & Equity	1,423	1,389	1,506	1,568	811.98	676.06
Total Debt	177.94	181.21	292.44	237.74	184.48	108.93
Net Cash (Debt)	-148.39	-132.28	-103.57	225.54	-141.89	-75.92
Net Cash Per Share	-2.15	-1.93	-1.51	3.95	-2.76	-1.48
Filing Date Shares Outstanding	68.57	68.57	68.57	68.57	51.43	51.39
Total Common Shares Outstanding	68.57	68.57	68.57	68.57	51.43	51.39
Working Capital	76.91	69.39	241.8	597.65	-2.83	-20.55
Book Value Per Share	10.81	10.72	11.27	13.42	5.30	3.62
Tangible Book Value	683.37	671.95	702.52	846.82	204.04	114.39
Tangible Book Value Per Share	9.97	9.80	10.25	12.35	3.97	2.23
Buildings	-	4.09	4.09	9.81	9.81	9.81
Machinery	-	51.56	46.35	18.74	27.58	29.89
Construction In Progress	-	504.04	445.71	259.14	153.06	89