SHE:300016 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	Jan '22 Jan 1, 2022
Cash & Equivalents	595.78	295.44	257.46	748.45	766.73	895.02
Trading Asset Securities	194.38	379.75	350.77	-	-	-
Cash & Short-Term Investments	790.16	675.18	608.23	748.45	766.73	895.02
Cash Growth	13.54%	11.01%	-18.73%	-2.38%	-14.33%	-11.71%
Accounts Receivable	227.06	265.25	176.36	188.55	112.67	142.52
Other Receivables	0.63	8.07	9.54	5.87	8.39	5.81
Receivables	227.69	273.32	185.9	194.42	121.06	148.33
Inventory	427.96	383.75	362.09	244.86	276.22	250.01
Other Current Assets	84.59	44.56	14.95	9.07	14	12.72
Total Current Assets	1,530	1,377	1,171	1,197	1,178	1,306
Property, Plant & Equipment	1,147	1,125	976.03	876.23	840.46	795.3
Long-Term Investments	585.16	576.63	536.76	556.06	561.19	553.2
Goodwill	46.92	46.92	46.92	-	31.82	51.23
Other Intangible Assets	141.57	147.22	160.82	128.39	125.1	138.99
Long-Term Accounts Receivable	1.35	1.31	1.43	-	-	-
Long-Term Deferred Tax Assets	53.54	37	41.33	41.38	39.32	18.15
Long-Term Deferred Charges	23.9	25.27	24.94	17.2	36.95	32.4
Other Long-Term Assets	11.76	11.43	18.11	3.38	5.83	8.92
Total Assets	3,541	3,348	2,978	2,819	2,819	2,904

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	Jan '22 Jan 1, 2022
Accounts Payable	222.08	214.38	171.32	115.12	140.9	141.13
Accrued Expenses	16.68	55.08	44.5	34.89	32.05	26.06
Short-Term Debt	186.19	216.96	140.02	175.56	107.61	79.08
Current Portion of Long-Term Debt	-	37.55	49	12.4	10.09	20.13
Current Portion of Leases	-	0.92	3.26	3.04	2.74	0.27
Current Income Taxes Payable	18.39	7.84	-	-	-	0.01
Current Unearned Revenue	6.14	6.66	8.76	2.01	4.45	3.8
Other Current Liabilities	84.92	35.01	38.38	16.14	4.83	15.09
Total Current Liabilities	534.4	574.39	455.23	359.17	302.67	285.56
Long-Term Debt	235.58	248.79	600.24	592.55	516.28	476.1
Long-Term Leases	2.24	2.16	4.8	7.17	9.98	0.14
Long-Term Unearned Revenue	19.59	24.52	16.84	11.74	7.89	10.45
Long-Term Deferred Tax Liabilities	88.49	80.5	70.93	62.48	58.56	45.98
Total Liabilities	880.29	930.36	1,148	1,033	895.39	818.22

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	Jan '22 Jan 1, 2022
Common Stock	581.69	562.87	491.95	491.93	491.96	492.72
Additional Paid-In Capital	834.36	697.91	135.34	135.22	135.3	201.27
Retained Earnings	1,074	994.58	926.45	912.79	1,019	1,042
Treasury Stock	-	-	-	-	-0.1	-9.06
Comprehensive Income & Other	5.02	3.36	113.86	110.67	130.27	130.04
Total Common Equity	2,495	2,259	1,668	1,651	1,776	1,857
Minority Interest	166.54	158.45	161.9	135.69	146.88	229.03
Shareholders' Equity	2,661	2,417	1,829	1,786	1,923	2,086
Total Liabilities & Equity	3,541	3,348	2,978	2,819	2,819	2,904

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	Jan '22 Jan 1, 2022
Total Debt	424.01	506.37	797.32	790.72	646.71	575.72
Net Cash (Debt)	366.15	168.81	-189.09	-42.28	120.03	319.31
Net Cash Growth	79.09%	-	-	-	-62.41%	2.79%
Net Cash Per Share	0.64	0.33	-0.42	-0.09	0.21	0.66
Filing Date Shares Outstanding	581.69	562.87	491.95	491.93	491.96	492.72
Total Common Shares Outstanding	581.69	562.87	491.95	491.93	491.96	492.72
Working Capital	995.99	802.42	715.95	837.62	875.34	1,021
Book Value Per Share	4.29	4.01	3.39	3.36	3.61	3.77
Tangible Book Value	2,306	2,065	1,460	1,522	1,619	1,667
Tangible Book Value Per Share	3.96	3.67	2.97	3.09	3.29	3.38
Buildings	-	699.61	700.49	561.7	557.21	532.04
Machinery	-	609.14	567.37	503.01	470.31	400.02
Construction In Progress	-	260.87	70.26	110.39	44.99	49