SHE:301520 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	58	150.3	179.29	253.5	186.35	161.55
Trading Asset Securities	1,083	1,001	1,023	902.81	-	-
Cash & Short-Term Investments	1,141	1,151	1,203	1,156	186.35	161.55
Cash Growth	-1.48%	-4.30%	4.02%	520.52%	15.35%	34.61%
Accounts Receivable	186.36	191.52	176.48	135.09	92.68	57.88
Other Receivables	3.28	2.07	3.99	3.24	-	-
Receivables	189.64	193.59	180.47	138.33	92.68	57.88
Inventory	1.32	0.87	1.96	0.67	0.44	0.18
Other Current Assets	19.38	14.68	17.54	66.88	6.75	6.36
Total Current Assets	1,351	1,360	1,403	1,362	286.22	225.97
Property, Plant & Equipment	204.84	200.64	176.43	150.01	97.28	42.15
Long-Term Investments	-	24	3	-	-	-
Other Intangible Assets	9.71	9.92	11.57	12	10.09	9.48
Long-Term Deferred Tax Assets	0.08	0.03	-	0.11	1.35	1
Long-Term Deferred Charges	0.95	0.85	2.75	9.58	5.39	3.16
Other Long-Term Assets	34.27	6.94	7.32	10.7	4.28	1.88
Total Assets	1,601	1,603	1,604	1,545	404.6	283.63
Accounts Payable	28.31	33.42	37.83	27.02	7.86	4.75
Accrued Expenses	5.43	7.18	13.95	15.59	15.95	11.68
Short-Term Debt	2.42	1.6	1.6	1	-	-
Current Portion of Leases	-	-	-	-	0.03	0.12
Current Income Taxes Payable	0.66	0.06	0.27	0.31	1.67	3.62
Current Unearned Revenue	27.61	19.08	19.7	20.65	17.64	16.54
Other Current Liabilities	1.15	4.09	1.36	2.36	22.1	7.57
Total Current Liabilities	65.58	65.44	74.72	66.94	65.24	44.26
Long-Term Leases	-	-	-	-	-	0.03
Long-Term Unearned Revenue	9.45	9.9	7.41	6.55	2.94	2.95
Long-Term Deferred Tax Liabilities	5.24	6.79	8.31	7.1	4.8	3.51
Other Long-Term Liabilities	5	5	-	-	-	-
Total Liabilities	85.28	87.13	90.44	80.58	72.98	50.75
Common Stock	66.67	66.67	66.67	66.67	50	50
Additional Paid-In Capital	1,039	1,039	1,037	1,037	29.79	29.79
Retained Earnings	425.09	425.35	412.12	359.92	251.83	153.1
Treasury Stock	-15.23	-15.23	-2.84	-	-	-
Total Common Equity	1,516	1,515	1,513	1,464	331.62	232.88
Shareholders' Equity	1,516	1,515	1,513	1,464	331.62	232.88
Total Liabilities & Equity	1,601	1,603	1,604	1,545	404.6	283.63
Total Debt	2.42	1.6	1.6	1	0.03	0.15
Net Cash (Debt)	1,138	1,149	1,201	1,155	186.32	161.41
Net Cash Growth	-1.54%	-4.31%	3.97%	520.08%	15.43%	34.49%
Net Cash Per Share	17.10	17.35	17.98	21.38	3.72	3.23
Filing Date Shares Outstanding	66.26	66.26	66.67	66.67	50	49.92
Total Common Shares Outstanding	66.26	66.26	66.67	66.67	50	49.92
Working Capital	1,285	1,295	1,328	1,295	220.97	181.71
Book Value Per Share	22.87	22.87	22.70	21.96	6.63	4.67
Tangible Book Value	1,506	1,505	1,502	1,452	321.52	223.4
Tangible Book Value Per Share	22.73	22.72	22.53	21.78	6.43	4.48
Buildings	-	94.1	94.1	90.51	8.95	8.95
Machinery	-	121.49	117.62	83.24	49.03	36.97
Construction In Progress	-	36.97	1.67	-	56.93	9.16