SHE:301456 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	504.38	216.56	194.38	87.44	130.07	98.54
Short-Term Investments	-	-	74.17	732.66	-	-
Trading Asset Securities	524.09	882.59	953.77	690.85	93.53	-
Cash & Short-Term Investments	1,028	1,099	1,222	1,511	223.6	98.54
Cash Growth	-11.03%	-10.08%	-19.10%	575.74%	126.91%	-7.47%
Accounts Receivable	670.53	684.09	436.73	362.37	287.11	318.56
Other Receivables	21.27	26.16	9.06	1.26	1.3	0.9
Receivables	691.8	710.25	445.79	363.63	288.41	319.47
Inventory	192.11	164.39	113.71	83.52	73.24	52.46
Other Current Assets	13.21	8.06	10.35	5.74	18.18	10.8
Total Current Assets	1,926	1,982	1,792	1,964	603.43	481.27
Property, Plant & Equipment	338.76	338.39	285.98	212.42	148.19	126.79
Long-Term Investments	145.89	145.89	169.65	-	-	-
Goodwill	27.05	27.05	-	-	-	-
Other Intangible Assets	84.08	65.96	40.59	39.6	40.63	41.65
Long-Term Deferred Tax Assets	16.97	15.98	12.58	5.45	4.2	3.82
Long-Term Deferred Charges	0.06	0.09	0.18	0.27	0.37	0.46
Other Long-Term Assets	26.95	48.64	17.6	2.23	3.92	2.38
Total Assets	2,565	2,624	2,319	2,224	800.75	656.36
Accounts Payable	179.06	173.69	125.45	82.27	56.01	30.63
Accrued Expenses	13.81	34.12	21.14	14.91	18.15	13.47
Short-Term Debt	28.85	29.4	-	1.08	0.35	-
Current Portion of Leases	-	0.38	0.33	-	-	-
Current Income Taxes Payable	10.61	2.56	5.19	5.57	9.94	9.39
Current Unearned Revenue	2.45	3.22	1.23	1.12	1.99	1.65
Other Current Liabilities	14.08	29.51	29.62	40.98	17.37	16.33
Total Current Liabilities	248.85	272.88	182.96	145.94	103.82	71.47
Long-Term Leases	0.13	0.13	0.43	-	-	-
Long-Term Unearned Revenue	0.92	0.61	1.77	1.2	1.45	0.25
Long-Term Deferred Tax Liabilities	16.48	17.17	8.63	6.4	5.61	3.01
Total Liabilities	285.78	290.78	193.8	153.54	110.88	74.73
Common Stock	150.45	150.45	148.58	148.58	111.43	111.43
Additional Paid-In Capital	1,604	1,626	1,572	1,533	281.05	281.05
Retained Earnings	399.95	453.5	400.22	387.43	296.77	188.53
Comprehensive Income & Other	71.13	-0.12	0.05	-0	-	-
Total Common Equity	2,225	2,229	2,121	2,069	689.26	581.01
Minority Interest	54.35	103.6	3.79	1.2	0.61	0.62
Shareholders' Equity	2,280	2,333	2,125	2,070	689.87	581.63
Total Liabilities & Equity	2,565	2,624	2,319	2,224	800.75	656.36
Total Debt	48.37	29.91	0.77	1.08	0.35	-
Net Cash (Debt)	980.1	1,069	1,222	1,510	223.25	98.54
Net Cash Growth	-15.19%	-12.47%	-19.10%	576.31%	126.55%	-7.47%
Net Cash Per Share	6.44	7.05	8.20	11.86	2.00	0.88
Filing Date Shares Outstanding	150.45	150.45	148.58	148.58	111.43	111.43
Total Common Shares Outstanding	150.45	150.45	148.58	148.58	111.43	111.43
Working Capital	1,677	1,709	1,609	1,818	499.61	409.8
Book Value Per Share	14.79	14.82	14.28	13.93	6.19	5.21
Tangible Book Value	2,114	2,136	2,081	2,029	648.63	539.36
Tangible Book Value Per Share	14.05	14.20	14.00	13.66	5.82	4.84
Buildings	-	288.34	239.45	113.3	112.66	89.68
Machinery	-	186.81	117.83	85.67	67.98	46.62
Construction In Progress	-	5.98	-	65.32	2.56	11.87