SHE:301448 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	213.34	183.09	281.1	522.22	151.55	77.6
Trading Asset Securities	40.91	82.45	125	0.04	0.04	0.58
Cash & Short-Term Investments	254.26	265.54	406.1	522.26	151.6	78.18
Cash Growth	-41.20%	-34.61%	-22.24%	244.51%	93.90%	-26.67%
Accounts Receivable	99.42	129.3	182.55	92.9	95.96	88.39
Other Receivables	6.87	10.46	8.38	5.75	5.78	13.64
Receivables	106.29	139.76	190.93	98.65	101.74	102.03
Inventory	146.06	141.06	128.51	101.38	102.81	156.87
Other Current Assets	38.81	39.3	14.85	10.81	14.04	13.34
Total Current Assets	545.41	585.67	740.39	733.1	370.19	350.42
Property, Plant & Equipment	244.39	215.97	92.69	60.18	65.6	71.82
Other Intangible Assets	88.3	89.73	94.57	10.9	11.64	10.93
Long-Term Deferred Tax Assets	20.28	20.93	15.02	12.82	12.8	11.66
Long-Term Deferred Charges	-	-	0.08	0.15	-	-
Other Long-Term Assets	6.21	1.93	4.6	14.67	0.2	-
Total Assets	904.6	914.23	947.36	831.83	460.43	444.82
Accounts Payable	178.12	183.92	200.7	120.34	99.03	134.62
Accrued Expenses	18.35	19.66	17.47	13.85	12.62	14.09
Current Portion of Leases	-	-	0.76	0.82	0.2	0.19
Current Income Taxes Payable	2.46	3.98	8.63	3.23	6.73	2.24
Current Unearned Revenue	8.07	4.53	6.35	15.25	6.64	11.26
Other Current Liabilities	0.67	0.52	0.88	1.12	1	1.37
Total Current Liabilities	207.68	212.61	234.79	154.61	126.22	163.76
Long-Term Leases	-	-	-	0.76	0.12	0.31
Long-Term Unearned Revenue	11.84	12.49	14.91	17.58	14.53	3.74
Long-Term Deferred Tax Liabilities	-	-	-	-	1.48	1.82
Other Long-Term Liabilities	0.53	0.34	0.51	0.36	0.3	0.11
Total Liabilities	220.05	225.44	250.21	173.31	142.65	169.73
Common Stock	104.6	104.6	104	80	60	60
Additional Paid-In Capital	355.69	355.1	342.36	365.31	82.12	82.12
Retained Earnings	231.98	233.23	257.27	219.36	180.75	133.63
Comprehensive Income & Other	-0.19	0.3	0.42	-0	-	-
Total Common Equity	692.08	693.23	704.05	664.67	322.87	275.75
Minority Interest	-7.54	-4.45	-6.9	-6.15	-5.09	-0.66
Shareholders' Equity	684.54	688.78	697.15	658.52	317.78	275.09
Total Liabilities & Equity	904.6	914.23	947.36	831.83	460.43	444.82
Total Debt	-	-	0.76	1.59	0.32	0.5
Net Cash (Debt)	254.26	265.54	405.34	520.68	151.27	77.69
Net Cash Growth	-41.20%	-34.49%	-22.15%	244.19%	94.72%	-27.13%
Net Cash Per Share	2.85	2.42	3.92	5.67	1.95	1.00
Filing Date Shares Outstanding	31.15	125.9	104	104	78	78
Total Common Shares Outstanding	31.15	125.9	104	104	78	78
Working Capital	337.73	373.07	505.6	578.49	243.97	186.66
Book Value Per Share	22.21	5.51	6.77	6.39	4.14	3.54
Tangible Book Value	603.78	603.5	609.48	653.77	311.23	264.82
Tangible Book Value Per Share	19.38	4.79	5.86	6.29	3.99	3.40
Buildings	-	-	39.57	39.57	39.61	28.58
Machinery	-	-	76.96	72.43	71.25	70.89
Construction In Progress	-	-	36.04	0.01	0.41	10.08

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