SHE:301413 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 2020
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 '20 Dec 31, 2020
Cash & Equivalents	149.25	169.05	171.33	580.4	39.48	77.74
Cash & Short-Term Investments	149.25	169.05	171.33	580.4	39.48	77.74
Cash Growth	-31.92%	-1.33%	-70.48%	1370.10%	-49.21%	87.79%
Accounts Receivable	506.78	513.05	473.88	391.46	323.32	183.05
Other Receivables	15.21	14.09	5.72	9.47	6.71	3.51
Receivables	521.99	527.14	479.6	400.93	330.02	186.56
Inventory	391.64	347.6	294.82	199.66	198.32	134.15
Prepaid Expenses	-	10.12	11.8	-	10	1.02
Other Current Assets	37.43	16.58	3.22	15.21	25.57	3.97
Total Current Assets	1,100	1,070	960.77	1,196	603.39	403.45
Property, Plant & Equipment	977.65	954.71	847.73	794.78	692.42	95.02
Long-Term Investments	9	43.6	35.05	2.45	2.45	-
Other Intangible Assets	57.98	59.89	59.84	59.54	59.2	18.36
Long-Term Deferred Tax Assets	30.53	28.02	26.73	19.93	29.54	7.74
Long-Term Deferred Charges	26.01	26.62	19.18	16.42	20.15	11.3
Other Long-Term Assets	50.84	17.73	21.28	11.08	5.52	13.48
Total Assets	2,252	2,201	1,971	2,100	1,413	549.36
Accounts Payable	299.97	274.6	228.32	167.42	280.69	87.28
Accrued Expenses	24.97	55.87	43.67	49.38	36.77	22.94
Short-Term Debt	374.24	328.24	145.12	221.73	211.34	48.31
Current Portion of Long-Term Debt	104.69	48.58	156.98	58.64	31.24	-
Current Portion of Leases	-	32.17	4.7	7.13	5.83	-
Current Income Taxes Payable	4.29	0.02	3.51	-	-	2.62
Current Unearned Revenue	1.22	0.92	0.76	0.99	0.39	1.2
Other Current Liabilities	69.58	40.09	37.08	26.11	0.3	0.32
Total Current Liabilities	878.96	780.49	620.13	531.39	566.57	162.68
Long-Term Debt	-	36	52	385.25	290.84	-
Long-Term Leases	8.87	40.03	10.34	3.06	7.66	-
Long-Term Unearned Revenue	61.98	63.2	59.53	9.19	9.37	5.82
Long-Term Deferred Tax Liabilities	11.14	11.65	12.49	13.03	14.15	-
Other Long-Term Liabilities	21.23	1.14	10.27	10.27	0.03	0.62
Total Liabilities	982.19	932.52	764.77	952.18	888.61	169.12
Common Stock	98.4	98.4	98.4	75.69	56.77	56.77
Additional Paid-In Capital	698.81	698.81	698.81	721.52	196.16	195.3
Retained Earnings	474.12	471.03	409.81	349.88	269.99	128.17
Comprehensive Income & Other	-1.13	0.33	-1.21	1.13	1.13	0
Total Common Equity	1,270	1,269	1,206	1,148	524.05	380.24
Minority Interest	-0.08	-0.03	-	-	-	-
Shareholders' Equity	1,270	1,269	1,206	1,148	524.05	380.24
Total Liabilities & Equity	2,252	2,201	1,971	2,100	1,413	549.36
Total Debt	487.81	485.03	369.14	675.8	546.91	48.31
Net Cash (Debt)	-338.56	-315.98	-197.81	-95.39	-507.43	29.43
Net Cash Growth	-	-	-	-	-	61.04%
Net Cash Per Share	-3.38	-3.20	-2.01	-1.30	-6.86	0.41
Filing Date Shares Outstanding	98.4	98.4	98.4	98.4	73.95	73.8
Total Common Shares Outstanding	98.4	98.4	98.4	98.4	73.95	73.8
Working Capital	221.35	289.99	340.64	664.81	36.82	240.77
Book Value Per Share	12.91	12.89	12.25	11.67	7.09	5.15
Tangible Book Value	1,212	1,209	1,146	1,089	464.85	361.88
Tangible Book Value Per Share	12.32	12.28	11.65	11.06	6.29	4.90
Buildings	-	637.88	617.06	606.37	27.1	27.1
Machinery	-	377.05	309.88	210.58	169.85	94.09
Construction In Progress	-	94.09	27.06	49.06	541.91	9.86

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