SHE:301538 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	372.73	334.1	118.51	115.8	53.27	69.8
Trading Asset Securities	-	65.08	343.23	-	-	-
Cash & Short-Term Investments	372.73	399.18	461.74	115.8	53.27	69.8
Cash Growth	-19.14%	-13.55%	298.74%	117.37%	-23.67%	-26.93%
Accounts Receivable	481.41	372.28	345.58	256.13	178.17	144.37
Other Receivables	7.26	122.16	51.86	24.56	28.26	0.16
Receivables	488.67	494.44	397.44	280.69	206.43	144.53
Inventory	161.28	149.09	140.63	96.5	91.35	68.48
Other Current Assets	36.77	25.75	24.5	13.32	17.98	26.54
Total Current Assets	1,059	1,068	1,024	506.32	369.04	309.35
Property, Plant & Equipment	547.92	533.8	399.18	277.37	199.89	159.22
Other Intangible Assets	52.21	52.86	49.13	17.68	17.54	10.8
Long-Term Accounts Receivable	-	0.75	2.82	-	-	-
Long-Term Deferred Tax Assets	11.24	12.16	12.03	5.58	5.21	4.22
Long-Term Deferred Charges	4.7	5.03	6.58	4.62	5.61	2.01
Other Long-Term Assets	18.37	8.98	9.44	13.02	5.15	5.83
Total Assets	1,714	1,682	1,503	824.59	602.44	491.42
Accounts Payable	97.62	93.13	111.32	77.26	29.88	24.3
Accrued Expenses	28.32	28.63	26.29	18.97	19.66	21.71
Short-Term Debt	24.52	24.51	-	23.5	-	-
Current Portion of Leases	-	14.86	11.4	8.39	8.94	5.94
Current Income Taxes Payable	11.58	16.46	14.01	10.07	6.51	6.43
Current Unearned Revenue	3.52	5.72	4.24	2.94	3.55	4.21
Other Current Liabilities	12.87	13.73	16.2	11.9	10.33	21.12
Total Current Liabilities	193.75	197.04	183.45	153.03	78.88	83.7
Long-Term Debt	-	-	-	14.83	-	3
Long-Term Leases	38.17	41.58	35.83	2.73	9.31	6.18
Long-Term Unearned Revenue	7.2	7.58	8.17	2.47	1.62	3.44
Long-Term Deferred Tax Liabilities	3.87	5.32	6.98	3.73	4.97	2.1
Total Liabilities	243	251.52	234.44	176.79	94.78	98.43
Common Stock	78.4	78.4	56	30	30	30
Additional Paid-In Capital	498.27	493.59	515.99	57.51	57.02	56.58
Retained Earnings	894.29	858.56	697.07	560.29	420.63	306.42
Comprehensive Income & Other	-0.03	-0.03	-0.01	-	-	-
Shareholders' Equity	1,471	1,431	1,269	647.8	507.66	393
Total Liabilities & Equity	1,714	1,682	1,503	824.59	602.44	491.42
Total Debt	78.01	80.95	47.23	49.45	18.25	15.12
Net Cash (Debt)	294.72	318.23	414.5	66.35	35.02	54.67
Net Cash Growth	-26.41%	-23.23%	524.72%	89.45%	-35.94%	-42.77%
Net Cash Per Share	3.76	4.06	5.46	1.03	0.60	0.93
Filing Date Shares Outstanding	78.4	78.4	78.4	78.4	58.8	58.8
Total Common Shares Outstanding	78.4	78.4	78.4	58.8	58.8	58.8
Working Capital	865.7	871.41	840.86	353.28	290.16	225.64
Book Value Per Share	18.76	18.25	16.19	11.02	8.63	6.68
Tangible Book Value	1,419	1,378	1,220	630.12	490.12	382.2
Tangible Book Value Per Share	18.10	17.57	15.56	10.72	8.34	6.50
Buildings	-	220.95	217.37	109.53	109.53	-
Machinery	-	268.41	213.62	148.3	124.89	-
Construction In Progress	-	143.08	34.84	86.58	0.84	-

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