SHE:301531 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
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
Cash & Equivalents	115.58	148.79	64.96	32.67	12.36
Trading Asset Securities	-	-	-	-	0.01
Cash & Short-Term Investments	115.58	148.79	64.96	32.67	12.37
Cash Growth	124.67%	129.03%	98.87%	163.99%	-
Receivables	639.72	550.99	570.26	462.78	504.03
Inventory	267.81	235.82	193.94	192.58	154.37
Prepaid Expenses	-	-	-	-	0.13
Other Current Assets	43.41	33.51	25.68	21.12	29.6
Total Current Assets	1,067	969.1	854.84	709.15	700.51
Property, Plant & Equipment	420.28	424.08	286.97	233.97	167.18
Long-Term Investments	-	-	5.59	6.19	6.57
Other Intangible Assets	115.15	115.81	76.96	20.71	20.22
Long-Term Deferred Tax Assets	10.51	7.32	6.88	3.43	1.01
Long-Term Deferred Charges	3.73	2.85	3	3.85	2.75
Other Long-Term Assets	6.11	3.67	51.33	72.54	42.62
Total Assets	1,622	1,523	1,286	1,050	940.87
Accounts Payable	374.44	179.77	143.74	122.26	152.7
Accrued Expenses	7.68	34.43	28.21	22.11	11.05
Short-Term Debt	195.52	205.48	178.97	101.06	45.93
Current Portion of Long-Term Debt	1.55	0.08	-	-	-
Current Portion of Leases	-	1.53	1.69	1.75	10.76
Current Income Taxes Payable	13.5	12.19	11.01	6.71	-
Current Unearned Revenue	1.44	0.97	1.06	1.08	1.76
Other Current Liabilities	79.92	191	204.37	179.86	223.89
Total Current Liabilities	674.05	625.44	569.05	434.82	446.09
Long-Term Debt	95.11	84.87	-	-	-
Long-Term Leases	30.79	30.5	31.95	33.67	1.58
Long-Term Unearned Revenue	16.67	6.03	8.1	3.75	1.5
Long-Term Deferred Tax Liabilities	0.01	0.01	-	-	0.23
Total Liabilities	816.63	746.85	609.1	472.24	449.39
Common Stock	164.8	164.8	164.8	164.8	164.8
Additional Paid-In Capital	164.02	164.02	164.02	164.02	164.02
Retained Earnings	476.85	447.16	347.66	248.77	162.65
Shareholders' Equity	805.67	775.99	676.48	577.59	491.48
Total Liabilities & Equity	1,622	1,523	1,286	1,050	940.87
Total Debt	322.97	322.46	212.62	136.47	58.26
Net Cash (Debt)	-207.4	-173.67	-147.65	-103.81	-45.89
Net Cash Per Share	-1.26	-1.05	-0.90	-0.63	-0.28
Filing Date Shares Outstanding	164.92	164.8	164.8	164.8	166.07
Total Common Shares Outstanding	164.92	164.8	164.8	164.8	166.07
Working Capital	392.47	343.66	285.79	274.33	254.43
Book Value Per Share	4.89	4.71	4.10	3.50	2.96
Tangible Book Value	690.52	660.17	599.52	556.88	471.25
Tangible Book Value Per Share	4.19	4.01	3.64	3.38	2.84
Buildings	-	253.22	98.4	96.51	94.34
Machinery	-	207.37	172.06	157.54	129.68
Construction In Progress	-	54.44	80.96	21.56	0.27

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