SHE:301600 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	-	-	578.3	348.05	240.77	106.66
Trading Asset Securities	-	-	420.68	0.14	0.19	-
Cash & Short-Term Investments	-	-	998.98	348.18	240.97	106.66
Cash Growth	-	-	186.91%	44.49%	125.91%	109.96%
Accounts Receivable	-	-	421.66	269.51	189.52	151.14
Other Receivables	-	-	1.04	0.74	0.83	0.41
Receivables	-	-	422.71	270.25	190.35	151.55
Inventory	-	-	258.19	187.93	161.29	107.31
Other Current Assets	-	-	0.57	8.34	5.12	2.07
Total Current Assets	-	-	1,680	814.7	597.72	367.59
Property, Plant & Equipment	-	-	21.33	16.63	17.46	14.39
Long-Term Investments	-	-	33.74	-	-	-
Other Intangible Assets	-	-	5.86	6.4	5.91	4.52
Long-Term Deferred Tax Assets	-	-	11.05	8.73	6.45	5.43
Long-Term Deferred Charges	-	-	0.04	0.11	0.14	-
Other Long-Term Assets	-	-	1.43	0.68	0.47	1.08
Total Assets	-	-	1,754	847.24	628.15	393.01
Accounts Payable	-	-	378.88	301.64	221.24	122.36
Accrued Expenses	-	-	18.59	14.16	10.02	11.12
Current Portion of Leases	-	-	3.12	1.62	2.34	1.94
Current Income Taxes Payable	-	-	8.63	6	4.97	5.11
Current Unearned Revenue	-	-	15.45	13.02	5.03	6.21
Other Current Liabilities	-	-	19.77	8.27	11.69	12.8
Total Current Liabilities	-	-	444.43	344.7	255.28	159.55
Long-Term Leases	-	-	3.56	0.84	0.95	1.17
Long-Term Unearned Revenue	-	-	0.23	-	-	-
Long-Term Deferred Tax Liabilities	-	-	-	-	0	-
Other Long-Term Liabilities	-	-	8.43	7.03	4.82	2.81
Total Liabilities	-	-	456.65	352.57	261.05	163.53
Common Stock	-	-	70.15	52.6	52.6	50
Additional Paid-In Capital	-	-	677.83	68.29	68.29	18.89
Retained Earnings	-	-	549.25	373.78	246.21	160.58
Shareholders' Equity	-	-	1,297	494.68	367.1	229.47
Total Liabilities & Equity	-	-	1,754	847.24	628.15	393.01
Total Debt	-	-	6.68	2.45	3.29	3.11
Net Cash (Debt)	-	-	992.3	345.73	237.67	103.55
Net Cash Growth	-	-	187.02%	45.46%	129.53%	103.83%
Net Cash Per Share	-	-	11.69	4.41	3.04	1.39
Filing Date Shares Outstanding	104.52	104.53	104.52	78.37	78.27	74.75
Total Common Shares Outstanding	104.52	104.53	104.52	78.37	78.27	74.75
Working Capital	-	-	1,236	469.99	342.44	208.04
Book Value Per Share	-	-	12.41	6.31	4.69	3.07
Tangible Book Value	-	-	1,291	488.28	361.19	224.95
Tangible Book Value Per Share	-	-	12.35	6.23	4.61	3.01
Machinery	-	-	36.82	36.21	32.94	26.87
Construction In Progress	-	-	1.52	-	-	0.17