SHE:301592 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	271.99	616.16	519.02	84.19	99.08	44.66
Trading Asset Securities	200	-	-	-	-	20.11
Cash & Short-Term Investments	471.99	616.16	519.02	84.19	99.08	64.77
Cash Growth	10.42%	18.72%	516.49%	-15.03%	52.96%	12.57%
Accounts Receivable	712.27	717	714.2	466.02	312.15	132.32
Other Receivables	3.43	4.58	5.11	6.25	-	-
Receivables	715.69	721.58	719.31	472.28	312.15	132.32
Inventory	157.95	153.52	154.63	132.3	56.49	45.12
Other Current Assets	56.47	27.28	34.47	31.72	30.18	22.99
Total Current Assets	1,402	1,519	1,427	720.48	497.89	265.2
Property, Plant & Equipment	48.42	47.88	48.89	54.37	45.25	39.91
Long-Term Investments	5	5	5	5	5	5
Other Intangible Assets	25.66	27.92	34.35	42.93	51.52	14.11
Long-Term Accounts Receivable	-	10.95	7.67	6.8	3.72	1.99
Long-Term Deferred Tax Assets	18.23	18.61	13.71	9.19	3.58	2.08
Long-Term Deferred Charges	3.35	2.82	3.33	2.71	2.88	0.8
Other Long-Term Assets	12	0.89	4.5	4.75	4.7	4.45
Total Assets	1,515	1,633	1,545	846.24	614.55	333.56
Accounts Payable	107.61	191.26	126.66	93.16	97.78	43.62
Accrued Expenses	11.6	35.51	26.88	26.85	28.41	31.24
Short-Term Debt	270	232.19	235.12	197.49	106.3	9.21
Current Portion of Long-Term Debt	42.89	58.39	37.55	-	-	16.01
Current Portion of Leases	-	4.06	4.52	4.3	1.27	2.24
Current Income Taxes Payable	2.47	13.54	18.81	18.73	20.62	9.62
Current Unearned Revenue	15.87	19.16	11.29	1.81	0.11	4.1
Other Current Liabilities	5.2	6.64	7.27	2.78	2.28	1.08
Total Current Liabilities	455.66	560.75	468.1	345.12	256.75	117.12
Long-Term Debt	86.26	81.75	75.07	39.55	-	-
Long-Term Leases	6.31	6.02	7.68	9.53	1.6	1.71
Long-Term Unearned Revenue	5.39	5.45	5.66	5.88	4.19	2.4
Long-Term Deferred Tax Liabilities	1.21	1.34	1.29	1.92	-	0.02
Other Long-Term Liabilities	-	-	-	2	-	-
Total Liabilities	554.83	655.3	557.81	404.01	262.54	121.25
Common Stock	70	70	70	52.5	52.5	52.5
Additional Paid-In Capital	550.27	550.27	550.27	120.47	120.47	120.47
Retained Earnings	318.7	332.19	327.95	230.51	139.31	39.27
Total Common Equity	938.97	952.47	948.22	403.48	312.28	212.24
Minority Interest	20.96	24.84	38.86	38.76	39.73	0.07
Shareholders' Equity	959.93	977.31	987.08	442.24	352.01	212.31
Total Liabilities & Equity	1,515	1,633	1,545	846.24	614.55	333.56
Total Debt	405.46	382.41	359.94	250.87	109.16	29.17
Net Cash (Debt)	66.53	233.75	159.08	-166.68	-10.08	35.6
Net Cash Growth	-15.35%	46.95%	-	-	-	15.93%
Net Cash Per Share	0.95	3.34	2.84	-3.17	-0.19	0.71
Filing Date Shares Outstanding	70	70	70	52.5	52.5	52.5
Total Common Shares Outstanding	70	70	70	52.5	52.5	52.5
Working Capital	946.44	957.79	959.33	375.36	241.14	148.08
Book Value Per Share	13.41	13.61	13.55	7.69	5.95	4.04
Tangible Book Value	913.32	924.54	913.87	360.55	260.76	198.13
Tangible Book Value Per Share	13.05	13.21	13.06	6.87	4.97	3.77
Buildings	-	37.44	32.26	32.26	32.26	-
Machinery	-	23.26	20.31	18.63	15.15	11.4
Construction In Progress	-	-	0.11	-	-	26.8