SHE:301552 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	419.82	402.42	314.85	130.03	125.39	20.64
Trading Asset Securities	370.35	401.75	575.01	40.03	-	0
Cash & Short-Term Investments	790.17	804.17	889.86	170.06	125.39	20.64
Cash Growth	-10.70%	-9.63%	423.28%	35.62%	507.50%	-64.17%
Accounts Receivable	214.25	231.29	156.63	192.87	148.48	129.76
Other Receivables	0.12	0.17	0.12	0.09	0.03	0.02
Receivables	214.37	231.45	156.81	192.97	148.5	129.77
Inventory	91.43	98.16	94.41	81.25	78.25	79.55
Prepaid Expenses	-	-	-	4.42	3.35	0.3
Other Current Assets	6.32	5.66	3.47	3.59	2.07	4.8
Total Current Assets	1,102	1,139	1,145	452.28	357.57	235.07
Property, Plant & Equipment	281.81	267.19	187.19	113.51	91.52	79.18
Goodwill	33.39	33.39	-	-	-	-
Other Intangible Assets	31.76	31.76	32.96	33.76	11.86	12.25
Long-Term Deferred Tax Assets	2.21	2.17	2.37	2.12	1.94	1.68
Long-Term Deferred Charges	11.82	8.34	3.92	3.47	7.42	11.25
Other Long-Term Assets	21.88	20.46	13.77	21.19	0.32	3.12
Total Assets	1,485	1,503	1,385	626.32	470.63	342.54
Accounts Payable	171.39	187.65	165.62	36.24	15.02	19.82
Accrued Expenses	13.12	21.75	19.39	15.39	18.3	15.37
Short-Term Debt	27.29	33.03	19.83	-	-	-
Current Portion of Leases	-	-	-	-	0.17	0.16
Current Income Taxes Payable	6.18	5.94	3.64	6.88	6.11	2.57
Current Unearned Revenue	7.43	7.17	4.32	0.75	1.48	0.78
Other Current Liabilities	39.1	56.18	7.61	12.41	11.98	7.91
Total Current Liabilities	265.65	311.71	220.4	71.67	53.06	46.61
Long-Term Leases	0.85	1.07	-	-	1.18	1.35
Long-Term Unearned Revenue	0.29	0.31	0.57	0.77	0.97	1.17
Long-Term Deferred Tax Liabilities	10.73	9.56	9.02	7.98	7.61	5.63
Total Liabilities	277.52	322.65	229.99	80.42	62.82	54.76
Common Stock	95.2	95.2	68	51	51	51
Additional Paid-In Capital	505.02	505.02	532.12	90.5	89.91	88.3
Retained Earnings	608.23	583	543.37	393.14	256.06	139.75
Comprehensive Income & Other	0.42	0.6	0.94	0.81	0.56	-0.3
Total Common Equity	1,209	1,184	1,144	535.45	397.52	278.74
Minority Interest	-1.25	-3.72	10.33	10.45	10.29	9.04
Shareholders' Equity	1,208	1,180	1,155	545.9	407.82	287.78
Total Liabilities & Equity	1,485	1,503	1,385	626.32	470.63	342.54
Total Debt	29.27	34.1	19.83	-	1.35	1.51
Net Cash (Debt)	760.89	770.08	870.03	170.06	124.04	19.13
Net Cash Growth	-13.07%	-11.49%	411.62%	37.09%	548.29%	-65.93%
Net Cash Per Share	8.03	6.22	8.24	1.83	1.34	0.15
Filing Date Shares Outstanding	93.44	123.76	123.76	92.82	92.85	130.05
Total Common Shares Outstanding	93.44	123.76	123.76	92.82	92.85	130.05
Working Capital	836.63	827.74	924.14	380.61	304.51	188.46
Book Value Per Share	12.94	9.57	9.25	5.77	4.28	2.14
Tangible Book Value	1,144	1,119	1,111	501.69	385.67	266.5
Tangible Book Value Per Share	12.24	9.04	8.98	5.40	4.15	2.05
Buildings	-	146.12	47.21	47.95	47.07	35.89
Machinery	-	107.2	95.84	83.42	76.68	61.2
Construction In Progress	-	75.18	97.91	25.86	0.71	6.5

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