SHE:301508 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	343.07	616.93	525.2	1,252	338.81	318.33
Short-Term Investments	10.07	10.03	-	-	-	-
Trading Asset Securities	430.89	-	6.55	-	-	-
Cash & Short-Term Investments	784.04	626.96	531.75	1,252	338.81	318.33
Cash Growth	-6.60%	17.90%	-57.53%	269.56%	6.43%	706.88%
Accounts Receivable	435.88	431.61	360.76	276.33	218.85	187.43
Other Receivables	3.27	3.58	3.93	1.97	1.77	1.56
Receivables	439.15	435.19	364.69	278.3	220.62	188.99
Inventory	1.32	1.07	0.77	1.31	-	-
Other Current Assets	32.18	33.62	51.21	13.56	13.57	8.64
Total Current Assets	1,257	1,097	948.43	1,545	573	515.97
Property, Plant & Equipment	1,109	1,116	1,097	1,072	380.42	233.06
Long-Term Investments	1.88	118.57	1.46	1.69	1.42	1.6
Goodwill	8.43	8.43	8.43	8.43	8.43	8.43
Other Intangible Assets	450.45	453.58	458.55	459.5	397.97	402.71
Long-Term Deferred Tax Assets	10.56	10.74	9.04	6.7	3.22	4.19
Long-Term Deferred Charges	3.95	4.71	6.31	11.76	6.91	7.45
Other Long-Term Assets	90.41	75.76	5.47	13.52	3.92	35.19
Total Assets	2,931	2,884	2,535	3,119	1,375	1,209
Accounts Payable	109	102.76	151.38	873.95	141.9	50.39
Accrued Expenses	44.59	39.93	46.05	35.91	29.84	28.34
Short-Term Debt	-	-	-	-	-	3.69
Current Portion of Leases	5.67	4.89	4.88	6.68	5	4.99
Current Income Taxes Payable	17.83	12.96	14.66	11.71	7.34	8.47
Current Unearned Revenue	84.01	78.8	75.21	137.17	159.85	146.54
Other Current Liabilities	11.24	16.75	19.42	14.46	22.79	83.38
Total Current Liabilities	272.35	256.09	311.6	1,080	366.71	325.81
Long-Term Debt	300.12	300.12	-	-	-	-
Long-Term Leases	3.56	3.64	8.68	4.32	3.23	5.2
Long-Term Unearned Revenue	33.57	35.17	34.8	15.89	16.15	14.65
Long-Term Deferred Tax Liabilities	35.96	35.97	36.9	37.76	38.57	39.23
Total Liabilities	645.57	630.98	391.97	1,138	424.66	384.89
Common Stock	226.09	226.09	226.09	226.09	169.56	169.56
Additional Paid-In Capital	1,327	1,327	1,327	1,327	501.46	501.46
Retained Earnings	510.87	479.65	375.74	335.78	196.37	79.11
Comprehensive Income & Other	9.27	8.95	7.82	6.92	8.55	7.63
Total Common Equity	2,073	2,041	1,936	1,895	875.94	757.76
Minority Interest	212.69	211.9	206.79	85.34	74.68	65.94
Shareholders' Equity	2,286	2,253	2,143	1,981	950.63	823.71
Total Liabilities & Equity	2,931	2,884	2,535	3,119	1,375	1,209
Total Debt	309.35	308.65	13.55	11.01	8.23	13.88
Net Cash (Debt)	474.69	318.3	518.2	1,241	330.58	304.45
Net Cash Growth	-42.52%	-38.57%	-58.25%	275.44%	8.58%	702.23%
Net Cash Per Share	2.10	1.41	2.29	7.12	1.95	1.80
Filing Date Shares Outstanding	226.09	226.09	226.09	226.09	169.56	169.56
Total Common Shares Outstanding	226.09	226.09	226.09	226.09	169.56	169.56
Working Capital	984.34	840.75	636.84	465.42	206.29	190.16
Book Value Per Share	9.17	9.03	8.56	8.38	5.17	4.47
Tangible Book Value	1,614	1,579	1,469	1,427	469.55	346.63
Tangible Book Value Per Share	7.14	6.99	6.50	6.31	2.77	2.04
Buildings	-	533.13	530.23	518.84	144.43	74.52
Machinery	-	775.62	724.05	632.08	252.86	160.18
Construction In Progress	-	72.24	19.82	23.41	56.2	48.15