SHE:001309 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	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	3,832	706.17	915.86	274.36	108.87	117.63
Short-Term Investments	2.05	22.32	-	-	-	-
Trading Asset Securities	-	-	-	-	140.59	-
Cash & Short-Term Investments	3,835	728.48	915.86	274.36	249.46	117.63
Cash Growth	342.15%	-20.46%	233.82%	9.98%	112.08%	63.34%
Accounts Receivable	3,781	842.26	404.98	434.43	398.16	146.79
Other Receivables	148.75	15.84	38.65	8.79	28.71	57.79
Receivables	3,929	858.1	443.62	443.22	426.87	204.57
Inventory	21,412	7,058	4,436	1,932	755.45	565.55
Prepaid Expenses	6.7	4.57	2.22	1.72	1.16	7.52
Other Current Assets	2,013	1,194	270.68	217.19	231.85	78.14
Total Current Assets	31,196	9,843	6,069	2,868	1,665	973.4
Property, Plant & Equipment	864.75	593.98	246.88	172.54	225.53	140.37
Long-Term Investments	84.46	58.15	33.03	1.5	3.88	-
Other Intangible Assets	29.34	29.04	22.06	4.94	6.63	-
Long-Term Deferred Tax Assets	580.48	79.73	46.51	54.3	32.29	8.55
Long-Term Deferred Charges	140.48	116.88	136.08	145.73	34.26	16.64
Other Long-Term Assets	72.97	129.17	14.82	40.7	29.54	6.99
Total Assets	32,969	10,850	6,568	3,288	1,997	1,146

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Accounts Payable	4,958	730.96	926.7	242.92	330.82	176.09
Accrued Expenses	200.02	175.7	46.45	23.45	12.75	11.98
Short-Term Debt	7,775	3,472	1,953	1,580	359.47	262.13
Current Portion of Long-Term Debt	1,499	1,162	50.85	-	-	13.5
Current Portion of Leases	30.71	27.94	22.85	20.71	19.46	8.38
Current Income Taxes Payable	623.75	39.84	3.53	1.95	-	14.15
Current Unearned Revenue	892.66	623.73	33.71	18.8	6.37	21.8
Other Current Liabilities	305.57	164.09	94.85	32.47	5.25	16.03
Total Current Liabilities	16,284	6,396	3,132	1,920	734.12	524.07
Long-Term Debt	6,680	952.4	785.77	73.73	-	-
Long-Term Leases	116.57	116.87	96.29	112.91	133.54	28.47
Long-Term Unearned Revenue	79	87.28	37.6	31.97	14.17	39.68
Long-Term Deferred Tax Liabilities	30.78	27.85	34.42	26.52	22.38	-
Total Liabilities	23,191	7,581	4,086	2,165	904.21	592.22

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Common Stock	226.85	226.85	161.77	113.3	80.18	60
Additional Paid-In Capital	2,435	1,844	1,774	750.6	739.27	295.56
Retained Earnings	7,182	1,255	615.33	279.49	269.49	204.28
Treasury Stock	-50.6	-53.77	-73.24	-25.2	-	-
Comprehensive Income & Other	-14.99	-3.4	2.03	3.84	3.84	-6.12
Total Common Equity	9,778	3,269	2,480	1,122	1,093	553.72
Minority Interest	-	-	1.37	1.2	-0.07	-
Shareholders' Equity	9,778	3,269	2,482	1,123	1,093	553.72
Total Liabilities & Equity	32,969	10,850	6,568	3,288	1,997	1,146

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Total Debt	16,101	5,731	2,909	1,787	512.47	312.48
Net Cash (Debt)	-12,267	-5,003	-1,993	-1,513	-263.01	-194.86
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-53.07	-22.02	-9.61	-7.35	-1.48	-1.26
Filing Date Shares Outstanding	317.58	226.85	226.48	209.24	204.29	152.88
Total Common Shares Outstanding	226.85	226.85	226.48	209.24	204.29	152.88
Working Capital	14,912	3,447	2,936	948.68	930.67	449.33
Book Value Per Share	43.10	14.41	10.95	5.36	5.35	3.62
Tangible Book Value	9,748	3,240	2,458	1,117	1,086	553.72
Tangible Book Value Per Share	42.97	14.28	10.85	5.34	5.32	3.62
Machinery	480.76	397.46	156.53	64.27	49.24	37.45
Construction In Progress	345.67	131.98	22.87	6.44	46.07	79.77