SHE:301501 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	304.46	321.14	295.71	225.31	265.55	132.37
Trading Asset Securities	318.26	368.43	-	-	-	0.02
Cash & Short-Term Investments	622.72	689.58	295.71	225.31	265.55	132.39
Cash Growth	-45.20%	133.19%	31.24%	-15.15%	100.58%	36.13%
Accounts Receivable	159.47	180.08	172.83	158.98	104.95	67.45
Other Receivables	4.64	3.67	2.26	3.34	2.9	1.96
Receivables	164.11	183.75	175.08	162.33	107.85	69.4
Inventory	299.51	281.2	202.51	217.31	193	144.81
Other Current Assets	56.57	58.29	43.43	38.82	24.47	16.01
Total Current Assets	1,143	1,213	716.74	643.77	590.87	362.62
Property, Plant & Equipment	1,432	1,421	1,140	809.34	547.69	292.59
Long-Term Investments	-	50	-	-	2.15	7.62
Other Intangible Assets	105.22	106.2	63.36	49.06	41.47	32.27
Long-Term Deferred Tax Assets	6.72	6.25	24.77	21.36	11.2	7.58
Long-Term Deferred Charges	23.06	24.22	7.37	8.13	7.9	8.74
Other Long-Term Assets	89.75	33.15	32.49	40.7	12.02	21.76
Total Assets	2,800	2,854	1,985	1,572	1,213	733.19
Accounts Payable	331.97	369.24	332.09	307.19	291.03	144.19
Accrued Expenses	25.73	41.8	37.34	32.46	23.66	18.88
Short-Term Debt	80.03	100.04	259.16	95.08	75.07	12.36
Current Portion of Long-Term Debt	40.4	26.66	32.42	-	-	-
Current Portion of Leases	-	14.11	8.73	9.74	4.77	3.66
Current Income Taxes Payable	7.84	8.19	9.08	11.25	11.1	5.14
Current Unearned Revenue	7.34	8.7	9.37	7.74	8.77	7.74
Other Current Liabilities	1.68	2.96	5.1	25.3	6.78	1.17
Total Current Liabilities	495	571.69	693.29	488.77	421.18	193.14
Long-Term Debt	72.49	67.49	94.07	110.46	74.43	-
Long-Term Leases	3.77	6.44	12.81	25.44	19.45	19.38
Long-Term Unearned Revenue	33.38	32.09	25.98	19.28	8.36	2.84
Long-Term Deferred Tax Liabilities	-	-	5.96	9.23	6.6	5.43
Other Long-Term Liabilities	-	-	37.29	37.29	35.69	30.69
Total Liabilities	604.63	677.7	869.4	690.49	565.71	251.48
Common Stock	147.9	147.9	76.5	76.5	76.5	76.5
Additional Paid-In Capital	1,152	1,152	345.57	345.57	346.72	346.51
Retained Earnings	824.47	792.17	619.33	399.44	185.58	38.11
Comprehensive Income & Other	-3.32	13.26	5.06	-	-	-
Total Common Equity	2,121	2,105	1,046	821.51	608.8	461.13
Minority Interest	74.32	71.2	68.68	60.36	38.78	20.58
Shareholders' Equity	2,195	2,176	1,115	881.87	647.57	481.71
Total Liabilities & Equity	2,800	2,854	1,985	1,572	1,213	733.19
Total Debt	196.68	214.74	407.2	240.73	173.72	35.4
Net Cash (Debt)	426.04	474.83	-111.48	-15.42	91.83	96.99
Net Cash Growth	-43.93%	-	-	-	-5.32%	55.88%
Net Cash Per Share	3.02	3.42	-1.01	-0.14	0.83	0.93
Filing Date Shares Outstanding	147.9	147.9	110.93	110.93	110.8	110.93
Total Common Shares Outstanding	147.9	147.9	110.93	110.93	110.8	110.93
Working Capital	647.91	641.13	23.46	154.99	169.69	169.48
Book Value Per Share	14.34	14.23	9.43	7.41	5.49	4.16
Tangible Book Value	2,016	1,999	983.1	772.45	567.33	428.85
Tangible Book Value Per Share	13.63	13.52	8.86	6.96	5.12	3.87
Land	-	21.2	19.22	-	-	-
Buildings	-	671.39	466.23	197.48	113.4	107.01
Machinery	-	829.27	607.87	428.1	300.04	231
Construction In Progress	-	201.07	259.59	319.72	246.9	39.59

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