SHE:301522 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 2021	FY 2020
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	299.77	360.69	671.03	221.19	20.83	64.11
Trading Asset Securities	-	70.37	-	-	-	-
Cash & Short-Term Investments	299.77	431.07	671.03	221.19	20.83	64.11
Cash Growth	-46.61%	-35.76%	203.37%	962.04%	-67.51%	-41.61%
Accounts Receivable	1,295	1,105	1,008	885.83	344.23	217.29
Other Receivables	0.33	0.29	0.72	1.15	2.72	0.47
Receivables	1,295	1,105	1,009	886.98	346.95	217.75
Inventory	1,078	964.32	936.08	869.52	495.12	415.58
Prepaid Expenses	-	-	-	11.21	-	-
Other Current Assets	7.81	20.15	12.52	15.02	7.44	13.11
Total Current Assets	2,681	2,520	2,628	2,004	870.34	710.55
Property, Plant & Equipment	1,193	1,175	1,005	903.21	859.35	760.63
Long-Term Investments	1.27	1.27	-	-	-	-
Other Intangible Assets	72.8	73.54	49.95	51.93	78.79	80.6
Long-Term Deferred Tax Assets	12.57	11.41	9.55	8.69	5.24	12.41
Other Long-Term Assets	141.57	142.72	7.16	49.12	3.15	19.75
Total Assets	4,102	3,924	3,700	3,017	1,817	1,584
Accounts Payable	920.23	893.58	866.22	638.94	155.8	88.33
Accrued Expenses	11.05	22.86	27.56	26.32	16.65	10.1
Short-Term Debt	565.11	447.35	353.31	371.28	166.39	172.99
Current Portion of Long-Term Debt	90.05	26.98	134.54	149.9	15	-
Current Portion of Leases	-	-	0.67	0.13	0.1	-
Current Income Taxes Payable	2.83	1.66	4.48	6.53	0.16	-
Current Unearned Revenue	50.52	46.07	19.84	28.5	17.72	10.77
Other Current Liabilities	80.34	69.22	48.47	92.62	101.07	51.61
Total Current Liabilities	1,720	1,508	1,455	1,314	472.89	333.8
Long-Term Debt	169.85	223.21	73.11	220.17	135.22	120.17
Long-Term Leases	0.92	0.93	1.25	0.02	0.17	-
Long-Term Unearned Revenue	270.62	276.27	311.47	334.27	299.43	309.76
Long-Term Deferred Tax Liabilities	0.07	0.14	0.04	0.06	-	-
Other Long-Term Liabilities	-	-	-	-	19.3	-
Total Liabilities	2,162	2,008	1,841	1,869	927.01	763.73
Common Stock	371.87	371.87	371.87	278.9	278.9	278.9
Additional Paid-In Capital	961.83	961.83	961.56	505.6	505.23	504.69
Retained Earnings	606.3	582.21	525.21	363.63	105.74	36.61
Comprehensive Income & Other	0.23	0.23	-	-	-	-
Shareholders' Equity	1,940	1,916	1,859	1,148	889.86	820.2
Total Liabilities & Equity	4,102	3,924	3,700	3,017	1,817	1,584
Total Debt	825.93	698.47	562.88	741.5	316.87	293.16
Net Cash (Debt)	-526.16	-267.4	108.16	-520.31	-296.05	-229.05
Net Cash Per Share	-1.41	-0.72	0.37	-1.87	-1.06	-0.84
Filing Date Shares Outstanding	371.74	371.67	371.87	278.85	278.9	271.27
Total Common Shares Outstanding	371.74	371.67	371.87	278.85	278.9	271.27
Working Capital	960.61	1,013	1,173	689.7	397.45	376.75
Book Value Per Share	5.22	5.16	5.00	4.12	3.19	3.02
Tangible Book Value	1,867	1,843	1,809	1,096	811.07	739.6
Tangible Book Value Per Share	5.02	4.96	4.86	3.93	2.91	2.73
Buildings	-	-	525.97	507.29	455.57	443.75
Machinery	-	-	761.01	648.36	543.03	346.37
Construction In Progress	-	-	78.56	44.52	51.45	125.18