SHE:301489 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	170.53	191.78	273.38	437.58	78.5	77.5
Trading Asset Securities	55.1	135.12	50.13	50	-	-
Cash & Short-Term Investments	225.63	326.9	323.52	487.58	78.5	77.5
Cash Growth	-41.10%	1.05%	-33.65%	521.09%	1.29%	-24.07%
Accounts Receivable	364.01	371.77	328.42	200.18	184.78	144.94
Other Receivables	7.85	14.92	7.78	2.86	3.27	16.59
Receivables	371.86	386.68	336.19	203.03	188.05	161.53
Inventory	208.59	240.01	181.16	103.87	93.61	94.83
Other Current Assets	26.01	13.96	5.39	6.17	10.72	6.07
Total Current Assets	832.09	967.56	846.26	800.66	370.88	339.94
Property, Plant & Equipment	646.5	615.52	564.72	363.6	262.11	144.11
Long-Term Investments	10.71	10.68	-	-	-	-
Goodwill	15.13	15.13	17.13	1.67	1.67	1.67
Other Intangible Assets	55.66	56.91	62.03	17.54	17.62	17.82
Long-Term Accounts Receivable	-	-	2.7	-	-	-
Long-Term Deferred Tax Assets	9.55	7.83	10.74	2.47	1.94	1.98
Long-Term Deferred Charges	14.81	11.74	6.46	5.5	8.08	9.43
Other Long-Term Assets	39.36	39.5	10.56	6.81	7.13	8.13
Total Assets	1,624	1,725	1,521	1,198	669.42	523.07
Accounts Payable	274.01	358.22	321.27	153.86	94.76	64.09
Accrued Expenses	19.96	18.92	25.61	9.36	6.96	7.39
Short-Term Debt	74.93	110.55	80.41	10.79	9.55	57.65
Current Portion of Long-Term Debt	15.59	15.71	-	-	-	-
Current Portion of Leases	-	-	6.77	5.3	5.74	-
Current Income Taxes Payable	33.79	28.16	5.91	2.83	-	2.31
Current Unearned Revenue	2.32	2.52	0.73	0.09	0.05	0.01
Other Current Liabilities	22.3	24.44	0.44	0.21	0.17	6.83
Total Current Liabilities	442.9	558.5	441.15	182.43	117.24	138.28
Long-Term Debt	14	24	-	-	121.12	10.01
Long-Term Leases	26.74	29.98	30.64	5.31	11.05	16.37
Long-Term Unearned Revenue	11.21	11.48	6.53	4.55	1.91	2.23
Long-Term Deferred Tax Liabilities	2.75	2.86	3.08	2.93	3.2	-
Other Long-Term Liabilities	-	0.59	-	-	0.1	-
Total Liabilities	497.6	627.41	481.4	195.22	254.64	166.9
Common Stock	80.75	80.75	57.68	57.68	43.26	43.26
Additional Paid-In Capital	635.99	637.92	665.9	667.38	148.43	148.43
Retained Earnings	382.33	355.81	309.97	272.17	217.59	159.05
Comprehensive Income & Other	-4.79	-2.49	0.57	-0	-0	0.01
Total Common Equity	1,094	1,072	1,034	997.23	409.28	350.75
Minority Interest	31.92	25.47	5.07	5.79	5.51	5.43
Shareholders' Equity	1,126	1,097	1,039	1,003	414.79	356.17
Total Liabilities & Equity	1,624	1,725	1,521	1,198	669.42	523.07
Total Debt	131.26	180.24	117.82	21.4	147.47	84.03
Net Cash (Debt)	94.36	146.66	205.69	466.18	-68.97	-6.53
Net Cash Growth	-60.79%	-28.70%	-55.88%	-	-	-
Net Cash Per Share	1.18	1.83	2.55	7.32	-1.14	-0.11
Filing Date Shares Outstanding	80.38	80.27	80.75	80.75	60.57	60.57
Total Common Shares Outstanding	80.38	80.27	80.75	80.75	60.57	60.57
Working Capital	389.19	409.05	405.11	618.22	253.64	201.65
Book Value Per Share	13.61	13.36	12.81	12.35	6.76	5.79
Tangible Book Value	1,023	999.95	954.97	978.01	389.99	331.26
Tangible Book Value Per Share	12.73	12.46	11.83	12.11	6.44	5.47
Buildings	-	-	348.01	-	-	-
Machinery	-	-	253.92	178.64	158.19	126.53
Construction In Progress	-	-	6.34	234.68	131.67	23.62

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