SHE:301601 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 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	186.63	391.24	237.64	323.46	567.85	443.76
Short-Term Investments	-	20.65	80	-	-	-
Trading Asset Securities	230.02	131.05	-	-	-	-
Cash & Short-Term Investments	416.66	542.94	317.64	323.46	567.85	443.76
Cash Growth	-21.28%	70.93%	-1.80%	-43.04%	27.96%	217.54%
Accounts Receivable	281.31	264.23	260.51	291.6	243.55	108.29
Other Receivables	4.6	4.21	4.01	4.18	29.16	40.07
Receivables	285.9	268.44	264.52	295.79	272.7	148.36
Inventory	196.82	184.58	206.97	230.24	223.63	189.7
Prepaid Expenses	-	-	0.12	-	-	-
Other Current Assets	154.01	139.83	123.75	131.74	123.6	86.58
Total Current Assets	1,053	1,136	913	981.23	1,188	868.41
Property, Plant & Equipment	741.72	737.48	670.07	608.79	130.77	54.33
Long-Term Investments	81.71	80.18	116.67	108.82	112.2	116.71
Goodwill	36.83	36.83	36.83	36.83	36.83	36.83
Other Intangible Assets	51.45	52.55	55.77	51.15	49.76	13.27
Long-Term Deferred Tax Assets	25.74	24.1	18.14	8.55	4.33	3
Long-Term Deferred Charges	8.06	8.23	2.33	2.39	2.73	0.16
Other Long-Term Assets	41.7	41.35	39.56	43.83	136.38	71.78
Total Assets	2,041	2,117	1,852	1,842	1,661	1,164

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
Accounts Payable	152.48	178.13	125.75	215.22	193.34	122.02
Accrued Expenses	1.03	31.16	30.31	32.16	34.94	31.22
Short-Term Debt	-	-	-	0.03	-	-
Current Portion of Long-Term Debt	0.81	0.17	35.33	0.34	0.14	-
Current Portion of Leases	-	0.37	2.56	1.88	0.81	0.77
Current Income Taxes Payable	0.64	9.91	9	0.56	13.04	7.44
Current Unearned Revenue	233.91	214.32	263.83	352.54	489.32	349.39
Other Current Liabilities	37.71	72.6	102.16	112.11	72.08	54.17
Total Current Liabilities	426.58	506.67	568.94	714.84	803.67	565.01
Long-Term Debt	230	230	315	311.28	137.3	-
Long-Term Leases	1.14	0.38	3.87	4.76	4.79	5.6
Long-Term Unearned Revenue	52.42	51.82	41.4	-	-	-
Long-Term Deferred Tax Liabilities	2.54	1.92	1.37	1.71	1.7	2.14
Total Liabilities	712.68	790.79	930.57	1,033	947.46	572.75

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
Common Stock	140.48	140.48	105.36	105.36	105.36	105.36
Additional Paid-In Capital	750.35	746.97	413.53	399	384.43	369.84
Retained Earnings	485.91	487.67	437.89	330	231.3	118.43
Comprehensive Income & Other	-48.97	-49.56	-33.97	-23.36	-6.45	-1.33
Total Common Equity	1,328	1,326	922.81	811	714.64	592.3
Minority Interest	0.17	0.17	-1	-1.99	-1.31	-0.57
Shareholders' Equity	1,328	1,326	921.81	809	713.33	591.73
Total Liabilities & Equity	2,041	2,117	1,852	1,842	1,661	1,164

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
Total Debt	231.95	230.92	356.76	318.28	143.04	6.37
Net Cash (Debt)	184.71	312.03	-39.12	5.18	424.81	437.39
Net Cash Growth	-5.72%	-	-	-98.78%	-2.88%	212.98%
Net Cash Per Share	1.31	2.27	-0.37	0.05	4.05	5.27
Filing Date Shares Outstanding	140.48	140.48	140.48	105.36	104.95	105.36
Total Common Shares Outstanding	140.48	140.48	105.36	105.36	104.95	105.36
Working Capital	626.81	629.13	344.07	266.39	384.12	303.4
Book Value Per Share	9.45	9.44	8.76	7.70	6.81	5.62
Tangible Book Value	1,239	1,236	830.21	723.01	628.05	542.2
Tangible Book Value Per Share	8.82	8.80	7.88	6.86	5.98	5.15
Buildings	-	224.33	57.84	57.84	-	-
Machinery	-	91.62	71.38	70.03	-	-
Construction In Progress	-	500.07	609.52	541.19	-	-