SHE:301696 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	259.7	196.42	145.23	126.46	160.02
Trading Asset Securities	727.58	736.93	471.64	186.91	115.23
Cash & Short-Term Investments	987.28	933.35	616.86	313.38	275.24
Cash Growth	258.69%	51.30%	96.84%	13.85%	-
Accounts Receivable	83.27	35.59	25.35	15.83	13.12
Other Receivables	3.1	6.12	5.59	0.42	1.01
Receivables	86.37	41.7	30.93	16.25	14.12
Inventory	205.72	182.26	155.94	105.59	92.52
Prepaid Expenses	-	0.03	-	-	-
Other Current Assets	49.37	48.7	15.11	10.5	6.06
Total Current Assets	1,329	1,206	818.85	445.72	387.95
Property, Plant & Equipment	209.13	172.01	122.79	122.29	42.12
Other Intangible Assets	23.02	8.95	8.58	1.97	1.96
Long-Term Deferred Tax Assets	2.57	4.97	1.72	1.58	1.79
Long-Term Deferred Charges	0.66	0.69	0.53	0.39	16.27
Other Long-Term Assets	10.43	3.19	1.75	1.41	0.25
Total Assets	1,573	1,396	954.22	573.37	450.33
Accounts Payable	113.83	54.45	28.38	29.55	12.41
Accrued Expenses	31.3	53.95	39.27	33.41	27.16
Short-Term Debt	10	0.12	-	-	-
Current Portion of Leases	-	3.52	3.98	2.89	6.55
Current Income Taxes Payable	14.73	15.73	11.42	6.91	13.46
Current Unearned Revenue	48.78	89.97	90.49	57.62	49
Other Current Liabilities	12.35	4.55	3.53	1.08	1.94
Total Current Liabilities	230.99	222.29	177.06	131.45	110.53
Long-Term Leases	6.81	5.06	6.44	9.12	15.51
Long-Term Unearned Revenue	8.64	5.15	0.95	0.54	0.67
Long-Term Deferred Tax Liabilities	0	0	-	-	0.01
Total Liabilities	246.45	232.5	184.46	141.11	126.72
Common Stock	360	360	360	360	30.14
Additional Paid-In Capital	26.55	23.44	12.34	8.07	102.63
Retained Earnings	906.77	776.48	395.12	62.62	189.3
Comprehensive Income & Other	-0.31	-0.22	-	-	-
Total Common Equity	1,293	1,160	767.46	430.69	322.07
Minority Interest	33.72	3.64	2.3	1.57	1.54
Shareholders' Equity	1,327	1,163	769.76	432.25	323.61
Total Liabilities & Equity	1,573	1,396	954.22	573.37	450.33
Total Debt	16.81	8.7	10.42	12.02	22.06
Net Cash (Debt)	970.47	924.65	606.44	301.36	253.18
Net Cash Growth	283.31%	52.47%	101.23%	19.03%	-
Net Cash Per Share	2.69	2.57	1.68	0.84	-
Filing Date Shares Outstanding	361.9	360	360	360	-
Total Common Shares Outstanding	361.9	360	360	360	-
Working Capital	1,098	983.76	641.79	314.26	277.42
Book Value Per Share	3.57	3.22	2.13	1.20	-
Tangible Book Value	1,271	1,151	758.88	428.71	320.11
Tangible Book Value Per Share	3.51	3.20	2.11	1.19	-
Buildings	-	78.82	78.82	78.82	7.53
Machinery	-	66.31	43.83	31.54	22.43
Construction In Progress	-	42.83	1.25	0.82	0.36

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