SHE:301392 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	313.1	332.31	191.76	128.91	149.56	158.63
Cash & Short-Term Investments	313.1	332.31	191.76	128.91	149.56	158.63
Cash Growth	72.48%	73.29%	48.76%	-13.80%	-5.72%	87.55%
Accounts Receivable	196.55	223.34	343.36	237.25	115.11	199.78
Other Receivables	5.79	2.56	4.04	2.51	0.2	0.3
Receivables	202.33	225.9	347.41	239.76	115.31	200.08
Inventory	458.81	435.07	333.41	236.91	234.99	368.82
Other Current Assets	47.75	31.88	14.25	17	19.39	19.04
Total Current Assets	1,022	1,025	886.83	622.59	519.24	746.56
Property, Plant & Equipment	197.4	201.25	189.49	181.66	177.93	180.07
Long-Term Investments	10	10	-	-	-	1.55
Other Intangible Assets	23.9	24.3	25.65	26.94	28.71	31.05
Long-Term Deferred Tax Assets	10.95	12.15	10	7.86	10.68	10.91
Long-Term Deferred Charges	-	-	-	12.34	7.97	6.69
Other Long-Term Assets	7.82	11.57	0.2	0.42	-	-
Total Assets	1,272	1,284	1,112	851.8	744.54	976.83
Accounts Payable	197.87	207.62	167.44	148.91	126.26	214.8
Accrued Expenses	10.2	12.19	11.8	11.4	13.83	10.75
Short-Term Debt	1	20.02	30.03	51.05	30.04	135.67
Current Portion of Long-Term Debt	0.47	-	-	10.15	10.17	4.94
Current Portion of Leases	-	0.47	0.11	0.03	0.05	1.31
Current Income Taxes Payable	0.57	0.05	0.12	0.5	0.09	0.02
Current Unearned Revenue	286.53	303.21	154.02	97.5	90.79	141.99
Other Current Liabilities	17.55	10.37	10.47	9.54	21.9	58.32
Total Current Liabilities	514.2	553.94	373.99	329.07	293.13	567.8
Long-Term Debt	-	-	-	68.98	79.02	84.57
Long-Term Leases	0.5	0.62	0.55	0.63	-	0.06
Long-Term Unearned Revenue	-	-	0.03	0.3	0.77	1.19
Long-Term Deferred Tax Liabilities	0.1	0.11	0.1	0.13	0	0.24
Total Liabilities	514.8	554.67	374.67	399.11	372.92	653.86
Common Stock	100	100	100	75	75	75
Additional Paid-In Capital	311.33	311.33	311.33	94.6	94.6	102.87
Retained Earnings	345.92	318.43	326.18	283.09	202.01	130.72
Total Common Equity	757.26	729.76	737.51	452.69	371.62	308.59
Minority Interest	-	-	-	-	-	14.38
Shareholders' Equity	757.26	729.76	737.51	452.69	371.62	322.97
Total Liabilities & Equity	1,272	1,284	1,112	851.8	744.54	976.83
Total Debt	1.98	21.11	30.69	130.84	119.28	226.54
Net Cash (Debt)	311.12	311.2	161.07	-1.93	30.27	-67.91
Net Cash Growth	137.81%	93.20%	-	-	-	-
Net Cash Per Share	3.08	3.08	1.80	-0.03	0.40	-0.90
Filing Date Shares Outstanding	100.01	100	100	75	75.04	75
Total Common Shares Outstanding	100.01	100	100	75	75.04	75
Working Capital	507.79	471.21	512.84	293.51	226.11	178.76
Book Value Per Share	7.57	7.30	7.38	6.04	4.95	4.11
Tangible Book Value	733.36	705.46	711.86	425.75	342.9	277.54
Tangible Book Value Per Share	7.33	7.05	7.12	5.68	4.57	3.70
Buildings	-	208.96	191.96	185.54	171.74	166.85
Machinery	-	50.74	43.83	28.29	24.68	24.36
Construction In Progress	-	4.56	1.41	2.6	8.16	5.68

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