SHE:300048 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	1,041	1,406	1,251	668.16	523.57	294.1
Trading Asset Securities	-	150.01	-	-	-	-
Cash & Short-Term Investments	1,041	1,556	1,251	668.16	523.57	294.1
Cash Growth	-40.04%	24.44%	87.19%	27.62%	78.03%	30.63%
Accounts Receivable	2,274	1,445	1,260	1,010	919.79	666.96
Other Receivables	203.2	40.45	21.82	8.06	18.51	169.81
Receivables	2,477	1,485	1,282	1,018	938.3	836.77
Inventory	2,097	674.27	994.96	418.42	273.57	282.97
Prepaid Expenses	-	8.06	6.99	2.42	-	-
Other Current Assets	459.39	247.38	62.66	49.7	86.16	63.18
Total Current Assets	6,075	3,971	3,598	2,157	1,822	1,477
Property, Plant & Equipment	612.37	641.08	826.58	799.76	740.04	760.63
Long-Term Investments	41.94	27.05	32.85	35.18	38.55	42.54
Goodwill	25.79	25.79	25.79	31.61	31.61	31.61
Other Intangible Assets	134.42	165.72	93.8	113.01	124.47	144.17
Long-Term Deferred Tax Assets	69.3	42.68	25.03	18.32	14.5	21.77
Long-Term Deferred Charges	11.49	14.74	13.82	4.42	2.58	0.58
Other Long-Term Assets	304.94	29.7	18.28	7.2	4.69	6.45
Total Assets	7,275	4,918	4,634	3,166	2,778	2,485

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	4,045	2,397	2,315	1,056	580.59	349.45
Accrued Expenses	85.1	128.39	112.06	88.58	71.96	63.67
Current Portion of Long-Term Debt	1.5	-	-	-	10.76	29.81
Current Portion of Leases	-	5.81	10.71	0.94	6.8	-
Current Income Taxes Payable	16.56	1.16	15.9	9.22	5.44	1.71
Current Unearned Revenue	927.68	151.31	125.69	113.16	89.75	94.61
Other Current Liabilities	297.34	236.47	251.76	122.37	64.35	54.19
Total Current Liabilities	5,374	2,921	2,831	1,390	829.65	593.44
Long-Term Debt	-	-	-	-	-	14.72
Long-Term Leases	72.17	67.02	35.67	43.32	40.92	44.84
Long-Term Unearned Revenue	13.5	4.93	0.05	2.31	2.55	3.81
Long-Term Deferred Tax Liabilities	0.19	0	0.04	-	0.03	0.16
Other Long-Term Liabilities	47.55	35.64	5.02	7.27	-	-
Total Liabilities	5,507	3,028	2,872	1,443	873.14	656.98

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	1,132	1,128	1,117	1,114	1,108	1,102
Additional Paid-In Capital	1,004	971.9	921.55	904.85	878.97	850.11
Retained Earnings	-384.58	-267.38	-329.39	-339.69	-119.56	-145.52
Comprehensive Income & Other	-11.45	-11.45	-5.65	-3.32	0.05	-5.16
Total Common Equity	1,741	1,821	1,703	1,676	1,868	1,802
Minority Interest	27.65	68.32	58.27	47.12	37.12	26.16
Shareholders' Equity	1,768	1,890	1,761	1,723	1,905	1,828
Total Liabilities & Equity	7,275	4,918	4,634	3,166	2,778	2,485

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	73.68	72.82	46.38	44.26	58.47	89.38
Net Cash (Debt)	967.4	1,484	1,204	623.9	465.1	204.72
Net Cash Growth	-41.57%	23.19%	93.04%	34.14%	127.18%	698.28%
Net Cash Per Share	0.93	1.44	1.17	0.57	0.36	0.20
Filing Date Shares Outstanding	1,131	1,128	1,117	1,114	1,108	1,102
Total Common Shares Outstanding	1,131	1,128	1,117	1,114	1,108	1,102
Working Capital	701.35	1,051	766.13	766.11	991.94	883.58
Book Value Per Share	1.54	1.61	1.53	1.50	1.69	1.63
Tangible Book Value	1,580	1,630	1,584	1,531	1,712	1,626
Tangible Book Value Per Share	1.40	1.44	1.42	1.37	1.54	1.48
Buildings	-	145.9	325.03	426.85	421.37	354.84
Machinery	-	538.58	615.01	528.56	496.98	497.26
Construction In Progress	-	101.54	121.56	58.27	6.2	57.36