SHE:003020 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	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Cash & Equivalents	375.77	413.89	439.69	502.93	642.58	654.25
Short-Term Investments	-	-	10.67	-	-	-
Trading Asset Securities	230.34	40.27	58	61.52	0.12	0.13
Cash & Short-Term Investments	606.11	454.16	508.36	564.45	642.7	654.39
Cash Growth	25.42%	-10.66%	-9.94%	-12.17%	-1.79%	-14.64%
Accounts Receivable	372.79	487.5	415.63	295.19	321.02	318.37
Other Receivables	5.01	4.62	8.08	19.97	36.03	6.08
Receivables	377.8	492.12	423.7	315.16	357.05	324.45
Inventory	245.11	204.5	220.48	242.91	361.76	188.86
Prepaid Expenses	-	7.26	1.41	1.11	-	-
Other Current Assets	38.02	18.19	31.54	27.51	91.03	51.95
Total Current Assets	1,267	1,176	1,185	1,151	1,453	1,220
Property, Plant & Equipment	964.54	985.66	972.75	898.62	538.12	299.03
Long-Term Investments	172.89	196.77	194.11	180.39	14.4	20.71
Goodwill	74.44	74.44	74.44	74.44	-	-
Other Intangible Assets	91.86	97.61	105.24	113.29	83.38	89.51
Long-Term Deferred Tax Assets	18.59	15.81	14.51	16.13	8.58	5.86
Long-Term Deferred Charges	6.49	3.86	6.94	7.41	7.61	8.8
Other Long-Term Assets	47.21	35.43	32.49	42.26	16.76	30.9
Total Assets	2,643	2,586	2,586	2,484	2,121	1,674

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Accounts Payable	309.14	349.46	347.53	301.25	460.66	242.93
Accrued Expenses	29.21	60.85	63.19	53.95	45.25	50.5
Short-Term Debt	19.18	50	50	50.05	-	-
Current Portion of Leases	-	2.54	4.36	4.54	10.03	-
Current Income Taxes Payable	20.73	7.47	9.08	15.53	12.71	6.05
Current Unearned Revenue	13.77	7.59	33.08	33.09	42.62	14.69
Other Current Liabilities	92.48	42.68	74.71	84.32	51.36	13.88
Total Current Liabilities	487.04	520.58	581.95	542.73	622.63	328.05
Long-Term Debt	108.07	59.64	59.65	31.01	-	-
Long-Term Leases	1.8	1.71	4.57	2.84	3.38	24.58
Long-Term Unearned Revenue	41.96	44.9	18.28	20.16	12.98	13.24
Long-Term Deferred Tax Liabilities	6.28	7.36	8.93	13.43	1.39	-
Other Long-Term Liabilities	-	-	-	-	1.16	4.66
Total Liabilities	645.15	634.19	673.38	610.18	641.53	370.53

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Common Stock	228.22	190.18	191.57	159.68	122.47	92.64
Additional Paid-In Capital	472.01	510.05	518	551.89	554.93	526.16
Retained Earnings	1,161	1,109	1,038	994.95	829.51	685.11
Treasury Stock	-	-	-9.39	-20.99	-27.05	-
Total Common Equity	1,861	1,809	1,738	1,686	1,480	1,304
Minority Interest	136.99	142.69	174.71	187.97	-	-
Shareholders' Equity	1,998	1,952	1,913	1,873	1,480	1,304
Total Liabilities & Equity	2,643	2,586	2,586	2,484	2,121	1,674

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Total Debt	131.59	113.9	118.58	88.44	13.41	24.58
Net Cash (Debt)	474.52	340.27	389.78	476	629.28	629.8
Net Cash Growth	13.78%	-12.70%	-18.11%	-24.36%	-0.08%	-17.84%
Net Cash Per Share	2.06	1.49	1.70	2.06	2.78	2.79
Filing Date Shares Outstanding	228.19	228.22	229.51	229.93	229.26	225.45
Total Common Shares Outstanding	228.19	228.22	229.89	229.93	229.26	225.45
Working Capital	779.99	655.66	603.54	608.42	829.92	891.59
Book Value Per Share	8.16	7.93	7.56	7.33	6.46	5.78
Tangible Book Value	1,695	1,637	1,558	1,498	1,396	1,214
Tangible Book Value Per Share	7.43	7.17	6.78	6.51	6.09	5.39
Buildings	-	753.46	547.66	395.67	140.12	127.89
Machinery	-	562.23	480.99	303.79	174.84	139.8
Construction In Progress	-	51.66	269.34	459.66	340.89	130.35