SHE:301449 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	287.55	690.68	164.09	132.99	107.8	19.97
Short-Term Investments	-	-	10.08	-	-	-
Trading Asset Securities	410.83	65.29	6.44	-	-	81.56
Cash & Short-Term Investments	698.38	755.97	180.61	132.99	107.8	101.53
Cash Growth	-	318.57%	35.81%	23.37%	6.17%	8.72%
Accounts Receivable	250.87	246.46	206.83	163.78	132.57	82.87
Other Receivables	10.67	9.07	8.98	7.35	6.4	-
Receivables	261.54	255.53	215.8	171.13	138.96	82.87
Inventory	11.57	10.21	8.54	5.74	3.17	1.9
Other Current Assets	14.8	11.63	17.58	14.59	8	11.56
Total Current Assets	986.3	1,033	422.54	324.45	257.94	197.87
Property, Plant & Equipment	245.75	250.71	224.15	199.23	171.61	127.33
Goodwill	2.07	2.07	2.07	2.07	2.07	2.07
Other Intangible Assets	5.7	5.79	5.87	5.75	5.89	6.25
Long-Term Deferred Tax Assets	9.07	8.74	14.8	11.97	9.58	8.78
Long-Term Deferred Charges	23.47	23.41	15.77	13.27	14.23	8.32
Other Long-Term Assets	11.3	10.56	7.65	3.17	3.23	8.52
Total Assets	1,284	1,335	692.84	559.91	464.55	359.14
Accounts Payable	31.21	60.88	30.87	20.06	23.62	13.88
Accrued Expenses	25.66	52.48	51.02	49.79	41.48	37.11
Current Portion of Long-Term Debt	14.93	15.69	-	-	-	-
Current Portion of Leases	-	-	17.19	16.24	12.81	11.43
Current Income Taxes Payable	7.37	4.92	5.8	4.64	10.84	6.53
Current Unearned Revenue	22.32	20.02	18.38	18.65	22.46	15
Other Current Liabilities	5.98	6.45	7.37	3.92	3.43	6.12
Total Current Liabilities	107.49	160.45	130.62	113.3	114.64	90.06
Long-Term Leases	19.01	20.73	31.05	29.92	11.98	13.98
Long-Term Unearned Revenue	5.04	5.09	2.93	0.88	3.7	6.63
Long-Term Deferred Tax Liabilities	0.02	0.02	7.94	7.12	4.12	4.61
Total Liabilities	131.55	186.29	172.54	151.22	134.44	115.29
Common Stock	65.22	65.22	48.91	48.91	48.91	32.61
Additional Paid-In Capital	566.52	566.52	57.95	57.4	55.61	70.04
Retained Earnings	520.37	516.58	413.43	302.38	225.58	141.2
Total Common Equity	1,152	1,148	520.3	408.69	330.11	243.85
Shareholders' Equity	1,152	1,148	520.3	408.69	330.11	243.85
Total Liabilities & Equity	1,284	1,335	692.84	559.91	464.55	359.14
Total Debt	33.94	36.42	48.24	46.16	24.79	25.42
Net Cash (Debt)	664.44	719.56	132.37	86.83	83	76.12
Net Cash Growth	-	443.58%	52.45%	4.61%	9.05%	-18.49%
Net Cash Per Share	12.55	14.72	2.71	1.78	1.70	2.34
Filing Date Shares Outstanding	65.16	48.72	48.91	48.91	48.91	32.52
Total Common Shares Outstanding	65.16	48.72	48.91	48.91	48.91	32.52
Working Capital	878.81	872.89	291.92	211.15	143.3	107.81
Book Value Per Share	17.68	23.57	10.64	8.36	6.75	7.50
Tangible Book Value	1,144	1,140	512.36	400.87	322.15	235.52
Tangible Book Value Per Share	17.56	23.41	10.47	8.20	6.59	7.24
Buildings	-	-	22.78	22.66	6.85	6.85
Machinery	-	-	303.86	258.12	220.71	172.25
Construction In Progress	-	-	16.31	2.88	23.66	1.08