SHE:301587 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2019
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 '19 Dec 31, 2019
Cash & Equivalents	377.3	439.84	536.4	163.95	87.76	52.26
Trading Asset Securities	106.46	135.6	348.25	-	-	-
Cash & Short-Term Investments	483.76	575.44	884.65	163.95	87.76	52.26
Cash Growth	-37.56%	-34.95%	439.58%	86.81%	67.93%	-67.78%
Accounts Receivable	156.73	231.54	193.15	224.04	258.02	229.79
Other Receivables	135.72	5.14	2.78	2.67	2.79	24.51
Receivables	292.45	236.68	195.93	226.72	260.81	254.3
Inventory	133.22	120.77	118.44	109.92	96.64	42.59
Prepaid Expenses	-	-	1.46	0.13	2.58	0.06
Other Current Assets	23.88	24.57	6.14	8.35	7.67	11.02
Total Current Assets	933.31	957.45	1,207	509.07	455.46	360.22
Property, Plant & Equipment	1,245	1,251	1,158	973.52	933.27	444.85
Long-Term Investments	11.77	11.8	-	-	-	-
Other Intangible Assets	97.08	98.14	71.18	71.89	72.65	34.35
Long-Term Accounts Receivable	-	-	-	15.72	-	-
Long-Term Deferred Tax Assets	1.18	1.26	10.6	8.61	18.2	7.57
Long-Term Deferred Charges	1.69	1.98	0.2	0.46	0.8	0.46
Other Long-Term Assets	32.7	31.39	19.52	-	13.72	15.95
Total Assets	2,323	2,353	2,466	1,579	1,494	863.4

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2019
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 '19 Dec 31, 2019
Accounts Payable	163.21	205.68	301.01	234.74	107.61	129.4
Accrued Expenses	19.23	16.26	17.62	17.86	20.57	5.81
Short-Term Debt	2.52	0.23	0.21	1.01	50.06	77.15
Current Portion of Long-Term Debt	0.42	0.02	-	1.4	-	10.02
Current Portion of Leases	-	2.13	0.85	0.97	0.94	-
Current Income Taxes Payable	1.2	-	-	-	-	1.95
Current Unearned Revenue	13.17	14.98	1.3	4	1.2	-
Other Current Liabilities	1.94	3.18	3	2.89	136.87	1.83
Total Current Liabilities	201.69	242.49	324	262.87	317.25	226.15
Long-Term Debt	17.93	8.95	-	1.6	10.01	4.25
Long-Term Leases	1.75	0.58	0.41	-	0.72	-
Long-Term Unearned Revenue	21.87	22.6	25.49	14.84	16.64	8.08
Long-Term Deferred Tax Liabilities	71.84	70.79	80.13	73.62	67.81	11.32
Total Liabilities	315.08	345.4	430.02	352.93	412.44	249.8

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2019
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 '19 Dec 31, 2019
Common Stock	147.33	147.33	147.33	110.5	110.5	107.28
Additional Paid-In Capital	1,183	1,183	1,182	494.34	485.61	442.54
Retained Earnings	691.44	676.37	696.59	621.51	485.54	63.78
Treasury Stock	-20	-10	-	-	-	-
Comprehensive Income & Other	-6.57	-4.29	-2.67	-	-	-
Total Common Equity	1,996	1,993	2,023	1,226	1,082	613.6
Minority Interest	12.36	15.11	12.87	-	-	-
Shareholders' Equity	2,008	2,008	2,036	1,226	1,082	613.6
Total Liabilities & Equity	2,323	2,353	2,466	1,579	1,494	863.4

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2019
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 '19 Dec 31, 2019
Total Debt	22.62	11.91	1.47	4.98	61.74	91.41
Net Cash (Debt)	461.14	563.53	883.18	158.97	26.03	-39.15
Net Cash Growth	-40.34%	-36.19%	455.57%	510.80%	-	-
Net Cash Per Share	3.15	3.83	6.35	1.44	0.24	-0.36
Filing Date Shares Outstanding	146.88	146.9	147.33	147.33	110.55	107.28
Total Common Shares Outstanding	146.88	146.9	147.33	110.5	110.55	107.28
Working Capital	731.62	714.97	882.62	246.2	138.21	134.07
Book Value Per Share	13.59	13.57	13.73	11.10	9.78	5.72
Tangible Book Value	1,899	1,895	1,952	1,154	1,009	579.25
Tangible Book Value Per Share	12.93	12.90	13.25	10.45	9.13	5.40
Buildings	-	532.3	535.66	239.5	239.5	104.15
Machinery	-	1,083	953.17	839.11	753.03	284.41
Construction In Progress	-	179.3	102.97	229.55	181.31	124.46