SHE:301539 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	66.1	79.07	208.64	56.78	60.76	231.75
Cash & Short-Term Investments	66.1	79.07	208.64	56.78	60.76	231.75
Cash Growth	-61.92%	-62.10%	267.45%	-6.54%	-73.78%	76.56%
Accounts Receivable	316.54	267.23	251.69	254.57	188.73	162.85
Other Receivables	4.67	23.73	17.43	0.89	3.01	5.42
Receivables	321.22	290.96	269.12	255.45	191.74	168.27
Inventory	440.14	401.15	244.81	156.36	153.71	189.26
Prepaid Expenses	-	-	-	6.23	2.83	-
Other Current Assets	45.55	29.8	18.87	9.91	13.39	20.97
Total Current Assets	873.02	800.97	741.44	484.74	422.43	610.25
Property, Plant & Equipment	988.65	928.07	759.5	468.47	454.26	390.79
Other Intangible Assets	80.31	81.36	83.71	85.32	84.96	86.31
Long-Term Accounts Receivable	-	0.49	0.57	0.53	3.47	3.38
Long-Term Deferred Tax Assets	5.81	5.25	0.41	-	-	1.22
Long-Term Deferred Charges	16.68	17.16	9.64	10.43	13.28	13
Other Long-Term Assets	149.1	137.95	23.17	72.22	41.16	14.06
Total Assets	2,114	1,971	1,618	1,122	1,020	1,119
Accounts Payable	681.78	653.17	628.53	503.74	462.05	451.45
Accrued Expenses	17.07	22.65	20.84	15.33	16.63	24.84
Short-Term Debt	232.55	174.72	114.76	86.07	86.46	141.63
Current Portion of Long-Term Debt	15.94	12.89	1.55	-	-	-
Current Portion of Leases	-	7.7	11.1	20.09	23.01	31.16
Current Income Taxes Payable	0.63	-	1.7	4.75	-	1.15
Current Unearned Revenue	19.6	18.37	10.93	8.69	6.99	7.75
Other Current Liabilities	8.07	5.98	15.95	20.29	14.37	98.99
Total Current Liabilities	975.63	895.48	805.36	658.96	609.51	756.98
Long-Term Debt	354.01	258.92	28.47	-	-	-
Long-Term Leases	-	-	7.65	18.75	38.79	55.81
Long-Term Unearned Revenue	12.12	12.46	-	-	-	-
Long-Term Deferred Tax Liabilities	-	0.19	-	0.32	1.55	-
Other Long-Term Liabilities	0.23	0.23	0.14	0.16	0.52	10.77
Total Liabilities	1,342	1,167	841.62	678.2	650.36	823.56
Common Stock	148	148	148	111	111	111
Additional Paid-In Capital	368.43	368.43	368.43	98.23	98.23	98.23
Retained Earnings	253.84	268.55	255.74	235.21	162.27	89.81
Comprehensive Income & Other	1.32	19	4.64	-0.93	-2.3	-3.6
Shareholders' Equity	771.59	803.98	776.82	443.51	369.19	295.44
Total Liabilities & Equity	2,114	1,971	1,618	1,122	1,020	1,119
Total Debt	602.5	454.23	163.53	124.91	148.26	228.61
Net Cash (Debt)	-536.39	-375.17	45.11	-68.13	-87.5	3.14
Net Cash Growth	-	-	-	-	-	-97.17%
Net Cash Per Share	-3.61	-2.53	0.33	-0.62	-0.78	0.03
Filing Date Shares Outstanding	148	148	148	148	111	111
Total Common Shares Outstanding	148	148	148	111	111	111
Working Capital	-102.61	-94.51	-63.92	-174.23	-187.09	-146.73
Book Value Per Share	5.21	5.43	5.25	4.00	3.33	2.66
Tangible Book Value	691.28	722.62	693.11	358.2	284.23	209.13
Tangible Book Value Per Share	4.67	4.88	4.68	3.23	2.56	1.88
Land	-	18.04	17.24	16.81	16.33	15.5
Buildings	-	357.78	195.29	197.01	141.61	88.06
Machinery	-	653.23	491.07	449.99	8.34	365.23
Construction In Progress	-	234.44	344.61	52	81	103.37