SHE:301678 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	675.48	1,055	399.23	208.34	166.72	161.36
Trading Asset Securities	230.05	-	-	-	-	-
Cash & Short-Term Investments	905.54	1,055	399.23	208.34	166.72	161.36
Cash Growth	98.77%	164.15%	91.63%	24.96%	3.32%	27.90%
Accounts Receivable	373.71	305.2	342.33	313.14	260.76	184.02
Other Receivables	28.55	19.36	2.27	2.8	3.74	0.8
Receivables	402.26	324.56	344.61	315.94	264.5	184.82
Inventory	178.14	185.07	134.96	137.29	115.74	116.25
Prepaid Expenses	-	-	0.03	0.57	-	-
Other Current Assets	17.11	11.79	15.08	11.53	5.63	26.3
Total Current Assets	1,503	1,576	893.91	673.66	552.59	488.73
Property, Plant & Equipment	461.98	458.19	391.75	436.58	459.14	454.08
Goodwill	-	-	-	1.75	1.75	1.75
Other Intangible Assets	46.07	46.44	47.07	48.21	49.87	51.5
Long-Term Deferred Tax Assets	13.69	10.92	11.59	10	8.14	6.86
Long-Term Deferred Charges	0.44	0.53	0.78	1.14	1.49	0.86
Other Long-Term Assets	121.99	21.4	14.84	0.3	5.62	9.7
Total Assets	2,147	2,113	1,360	1,172	1,079	1,013
Accounts Payable	91.28	90.75	69.52	57.67	86.88	47.23
Accrued Expenses	8.47	18.23	17.37	15.93	15.65	6.25
Short-Term Debt	80.05	40.03	-	20.02	56.3	85.11
Current Portion of Long-Term Debt	0.51	0.67	-	-	-	-
Current Portion of Leases	-	-	1.22	0.91	0.23	0.88
Current Income Taxes Payable	2.05	1.53	8.75	0.27	1.68	1.09
Current Unearned Revenue	3.89	4.4	5.17	4.21	4.25	12.47
Other Current Liabilities	11.08	6.06	5.19	6.38	2.27	58
Total Current Liabilities	197.34	161.67	107.21	105.38	167.25	211.03
Long-Term Leases	-	-	1.26	1.69	-	0.23
Long-Term Unearned Revenue	17.15	17.47	19.23	19.05	20.35	22.77
Long-Term Deferred Tax Liabilities	-	-	-	-	-	0.91
Other Long-Term Liabilities	0.73	0.73	0.19	0.29	0.47	0.59
Total Liabilities	215.23	179.87	127.9	126.41	188.07	235.53
Common Stock	239.56	239.56	179.67	179.67	179.67	179.67
Additional Paid-In Capital	1,081	1,081	458.44	458.1	457.54	456.75
Retained Earnings	591.95	582.06	575.71	389.74	237.4	127.5
Comprehensive Income & Other	8.54	20.13	5.93	4.74	3.34	2.15
Total Common Equity	1,921	1,922	1,220	1,032	877.95	766.06
Minority Interest	11.41	11.33	12.29	12.99	12.57	11.9
Shareholders' Equity	1,932	1,934	1,232	1,045	890.52	777.96
Total Liabilities & Equity	2,147	2,113	1,360	1,172	1,079	1,013
Total Debt	80.56	40.7	2.48	22.61	56.52	86.21
Net Cash (Debt)	824.98	1,014	396.75	185.73	110.2	75.15
Net Cash Growth	94.86%	155.55%	113.62%	68.54%	46.64%	-37.97%
Net Cash Per Share	3.62	4.82	2.21	1.03	0.61	0.42
Filing Date Shares Outstanding	247.32	231.49	179.67	179.67	179.67	179.67
Total Common Shares Outstanding	247.32	231.49	179.67	179.67	179.67	179.67
Working Capital	1,306	1,414	786.7	568.28	385.34	277.7
Book Value Per Share	7.77	8.30	6.79	5.75	4.89	4.26
Tangible Book Value	1,875	1,876	1,173	982.28	826.33	712.81
Tangible Book Value Per Share	7.58	8.10	6.53	5.47	4.60	3.97
Buildings	-	-	237.66	224.76	221.63	180.02
Machinery	-	-	428.29	431.26	419.13	353.31
Construction In Progress	-	-	1.02	13.87	4.82	58.59

Source: S&P Global Market Intelligence. Standard template. Financial Sources.