SHE:301669 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
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
Cash & Equivalents	180.51	356.11	289.34	310.65	12.09
Cash & Short-Term Investments	180.51	356.11	289.34	310.65	12.09
Cash Growth	-41.89%	23.08%	-6.86%	2469.53%	-
Accounts Receivable	723.43	755.83	602.51	512.61	243.19
Other Receivables	0.94	1.65	1.88	1.95	24.77
Receivables	724.36	757.48	604.39	514.55	267.97
Inventory	217.4	151.65	98.02	114.2	134.52
Other Current Assets	50.94	36.18	12.16	4.38	11.06
Total Current Assets	1,173	1,301	1,004	943.78	425.64
Property, Plant & Equipment	416.8	365.21	100.84	24.07	14.48
Other Intangible Assets	30.08	28.38	28.8	0.56	0.17
Long-Term Deferred Tax Assets	13.45	13.14	11.99	8.17	5.36
Long-Term Deferred Charges	2.66	2.91	3.58	4.08	0.71
Other Long-Term Assets	1.21	2.65	11.73	0.41	1.43
Total Assets	1,637	1,714	1,161	981.07	447.8
Accounts Payable	251.21	308.24	168.54	141.68	120.35
Accrued Expenses	20.86	27.79	24.51	20.55	11.04
Short-Term Debt	-	-	14.89	19.07	60.58
Current Portion of Leases	4.52	5.45	4.61	1.96	3.14
Current Income Taxes Payable	1.82	7.05	6.52	9.58	0.02
Current Unearned Revenue	13.5	11.36	2.92	17.7	23.97
Other Current Liabilities	152.4	208.04	88.4	67.05	44.65
Total Current Liabilities	444.31	567.92	310.4	277.59	263.74
Long-Term Debt	235.98	204.74	44.7	-	-
Long-Term Leases	2.36	2.33	6.96	5.85	7.81
Long-Term Unearned Revenue	0.3	0.3	-	-	-
Long-Term Deferred Tax Liabilities	-	-	-	-	4.49
Total Liabilities	682.96	775.29	362.06	283.44	276.04
Common Stock	360	360	360	88.99	29.39
Additional Paid-In Capital	261.25	260.57	257.83	526.1	148.05
Retained Earnings	338.34	322.89	185.96	87.53	-0.7
Comprehensive Income & Other	-5.13	-5.03	-5	-5	-5
Total Common Equity	954.47	938.42	798.79	697.62	171.74
Minority Interest	-	-	-	0.01	0.01
Shareholders' Equity	954.47	938.42	798.79	697.63	171.76
Total Liabilities & Equity	1,637	1,714	1,161	981.07	447.8
Total Debt	242.86	212.52	71.17	26.88	71.53
Net Cash (Debt)	-62.36	143.58	218.17	283.77	-59.44
Net Cash Growth	-	-34.19%	-23.12%	-	-
Net Cash Per Share	-0.17	0.40	0.61	0.84	-0.20
Filing Date Shares Outstanding	360	360	360	338.41	290.94
Total Common Shares Outstanding	360	360	360	338.41	290.94
Working Capital	728.91	733.5	693.5	666.19	161.9
Book Value Per Share	2.65	2.61	2.22	2.06	0.59
Tangible Book Value	924.39	910.04	769.98	697.06	171.57
Tangible Book Value Per Share	2.57	2.53	2.14	2.06	0.59
Buildings	-	-	-	0.92	0.92
Machinery	-	26.43	23.81	16.04	4.69
Construction In Progress	-	342.98	71.66	2.95	0.69