SHE:001237 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
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	2,615	1,509	1,555	813.21	666.85
Short-Term Investments	-	-	31.08	160.57	10.08
Trading Asset Securities	569.42	25.03	-	60.16	-
Cash & Short-Term Investments	3,185	1,534	1,586	1,034	676.94
Cash Growth	-	-3.24%	53.37%	52.74%	-
Accounts Receivable	848.51	591.83	458.35	464.05	203.93
Other Receivables	48.88	35.39	49.91	48.9	5.14
Receivables	897.39	627.22	508.27	512.95	209.06
Inventory	412.18	282.23	229.74	228.52	193.05
Prepaid Expenses	-	-	-	-	0.56
Other Current Assets	93.45	74.62	49	12.19	57.39
Total Current Assets	4,588	2,518	2,373	1,788	1,137
Property, Plant & Equipment	395.01	394.56	232.55	200.86	152.8
Long-Term Investments	14.8	-	-	31.05	-
Other Intangible Assets	199.16	203.87	155.45	161.24	166.27
Long-Term Deferred Tax Assets	28.12	22.78	23.93	18.81	16.25
Long-Term Deferred Charges	31.91	33.09	36.31	13.78	7.75
Other Long-Term Assets	23.57	10.52	5.16	3.01	72.27
Total Assets	5,280	3,183	2,826	2,216	1,552

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Accounts Payable	1,705	1,614	1,648	1,426	1,007
Accrued Expenses	64.7	52.75	41.21	33.25	23.12
Current Portion of Leases	0.15	1.14	1.6	0.79	0.9
Current Income Taxes Payable	19.58	18.16	25.06	16.71	0.01
Current Unearned Revenue	30.41	34.68	36.25	28.54	45.44
Other Current Liabilities	4.94	2.57	7.59	6.65	5.62
Total Current Liabilities	1,825	1,724	1,760	1,511	1,082
Long-Term Leases	-	0.02	-	1.31	-
Long-Term Unearned Revenue	8.53	7.25	-	-	-
Long-Term Deferred Tax Liabilities	5.94	6.19	8.07	7.93	7.45
Other Long-Term Liabilities	35.83	35.12	48.93	45.92	46.14
Total Liabilities	1,875	1,772	1,817	1,567	1,135

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Common Stock	148.35	111.26	111.26	111.26	111.26
Additional Paid-In Capital	2,019	247.07	240.57	234.06	227.55
Retained Earnings	1,231	1,049	657.63	304.41	78.03
Comprehensive Income & Other	6.84	3.75	-0	-	-
Total Common Equity	3,405	1,411	1,009	649.73	416.84
Minority Interest	-0.19	0.03	-	-	-
Shareholders' Equity	3,405	1,411	1,009	649.73	416.84
Total Liabilities & Equity	5,280	3,183	2,826	2,216	1,552

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Total Debt	0.55	1.16	1.6	2.1	0.9
Net Cash (Debt)	3,184	1,533	1,584	1,032	676.04
Net Cash Growth	-	-3.22%	53.53%	52.63%	-
Net Cash Per Share	27.80	13.79	14.22	9.26	6.41
Filing Date Shares Outstanding	148.35	148.35	111.26	111.43	105.46
Total Common Shares Outstanding	148.35	111.26	111.26	111.43	105.46
Working Capital	2,763	794.74	613.05	276.14	55.11
Book Value Per Share	22.95	12.68	9.07	5.83	3.95
Tangible Book Value	3,206	1,207	854.01	488.49	250.58
Tangible Book Value Per Share	21.61	10.85	7.68	4.38	2.38
Buildings	242.61	242.49	208.44	173.37	131.73
Machinery	160.63	155.31	149.69	109.71	112.79
Construction In Progress	150.53	140.81	7.87	29.76	14.38