SHE:301491 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	1,354	1,407	882.44	601.38	653.07	233.73
Trading Asset Securities	503.27	501.71	-	-	-	-
Cash & Short-Term Investments	1,857	1,909	882.44	601.38	653.07	233.73
Cash Growth	92.81%	116.35%	46.73%	-7.92%	179.42%	57.76%
Accounts Receivable	231.35	420.58	206.3	121.24	124.11	150.57
Other Receivables	16.31	18.22	22.86	9.87	15.27	34.88
Receivables	247.66	438.8	229.16	131.11	139.38	185.45
Inventory	313.71	304.04	265.96	270.12	338.57	416.33
Other Current Assets	66.45	13.52	20.46	20.44	12.22	10.86
Total Current Assets	2,485	2,666	1,398	1,023	1,143	846.37
Property, Plant & Equipment	164.58	151.56	91.71	76.93	99.24	74.29
Long-Term Investments	-	-	-	-	-	0.06
Other Intangible Assets	15.02	15.38	15.82	5.9	6.28	5.61
Long-Term Deferred Tax Assets	9.27	9.01	5.99	3.68	3.88	4.23
Long-Term Deferred Charges	3.42	3.88	1.97	3.38	3.48	3.6
Other Long-Term Assets	1.83	0.02	1.8	0.13	1.03	1.49
Total Assets	2,679	2,845	1,515	1,113	1,257	935.65
Accounts Payable	334.05	469.17	275.33	147.92	292.16	198.05
Accrued Expenses	22.29	66.73	55.62	46.16	53.56	36.45
Short-Term Debt	-	-	-	-	1.93	-
Current Portion of Long-Term Debt	-	-	-	-	122	-
Current Portion of Leases	4.61	8.27	16.76	14.55	16.73	12.77
Current Income Taxes Payable	2.29	1.76	0.11	0.11	0.72	-
Current Unearned Revenue	33.34	41.55	32.44	41.75	47.23	68.33
Other Current Liabilities	3.2	7.39	4.28	2.23	2.89	34.55
Total Current Liabilities	399.78	594.88	384.54	252.74	537.22	350.16
Long-Term Debt	-	-	-	-	0.42	111.63
Long-Term Leases	27.92	27.97	9.79	19.85	32.09	15.78
Pension & Post-Retirement Benefits	0.83	0.87	0.94	0.75	0.58	0.75
Long-Term Deferred Tax Liabilities	76.71	68.54	57.59	37.18	32.34	20.71
Total Liabilities	505.25	692.26	452.87	310.52	602.65	499.03
Common Stock	129	129	96.75	96.75	96.75	79.02
Additional Paid-In Capital	1,249	1,247	407.47	401.25	388.52	299.29
Retained Earnings	814.51	785.36	561.83	308.18	172.18	70.82
Comprehensive Income & Other	-15.48	-5.41	-0.16	-0.26	0.5	-2.82
Total Common Equity	2,177	2,156	1,066	805.91	657.96	446.32
Minority Interest	-3.01	-3.22	-3.47	-3.36	-3.47	-9.7
Shareholders' Equity	2,174	2,153	1,062	802.56	654.49	436.62
Total Liabilities & Equity	2,679	2,845	1,515	1,113	1,257	935.65
Total Debt	32.54	36.25	26.55	34.4	173.17	140.18
Net Cash (Debt)	1,825	1,873	855.89	566.98	479.9	93.55
Net Cash Growth	108.73%	118.83%	50.96%	18.14%	413.02%	30.94%
Net Cash Per Share	15.51	17.01	8.84	5.86	4.96	-
Filing Date Shares Outstanding	129	129	96.75	96.75	96.75	-
Total Common Shares Outstanding	129	129	96.75	96.75	96.75	-
Working Capital	2,085	2,071	1,013	770.31	606.02	496.2
Book Value Per Share	16.87	16.72	11.02	8.33	6.80	-
Tangible Book Value	2,162	2,141	1,050	800.02	651.69	440.71
Tangible Book Value Per Share	16.76	16.60	10.85	8.27	6.74	-
Buildings	-	24.34	24.34	24.34	24.34	24.34
Machinery	-	118.97	94.46	93.77	93.02	79.69
Construction In Progress	-	54.75	26.89	2.17	2.37	2.22

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