SHE:300911 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	135.94	89.18	925.51	1,455	1,019	961.12
Trading Asset Securities	275.47	411.81	260.87	-	-	280.24
Cash & Short-Term Investments	411.42	501	1,186	1,455	1,019	1,241
Cash Growth	-61.14%	-57.77%	-18.48%	42.80%	-17.90%	19.53%
Accounts Receivable	67.27	70.67	162.86	123.35	56.27	70.3
Other Receivables	1.22	33.46	18.96	1.3	10	9.13
Receivables	68.49	104.13	181.82	124.66	66.27	79.44
Inventory	46.84	49.06	81.62	88.23	97.81	105.75
Prepaid Expenses	-	1.77	0.01	4.98	-	2.22
Other Current Assets	205.37	11.92	8.87	15.5	20.91	26.01
Total Current Assets	732.13	667.87	1,459	1,689	1,204	1,455
Property, Plant & Equipment	595.62	670.03	788.92	560.34	448.84	228.81
Long-Term Investments	52.39	756.09	20.99	17.92	24.34	21.82
Other Intangible Assets	78.93	83.92	91.9	71.31	70.33	71.15
Long-Term Accounts Receivable	512.65	8.42	-	-	-	-
Long-Term Deferred Tax Assets	44.18	43.53	38.61	27.81	36.98	25.19
Long-Term Deferred Charges	-	1.25	1.12	6.52	9.2	4.25
Other Long-Term Assets	0.32	0.46	0.64	2.88	42.33	3.22
Total Assets	2,016	2,232	2,401	2,375	1,836	1,809

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	179.7	237.53	329.62	260.6	315.81	367.73
Accrued Expenses	2.78	18.41	35.83	39.18	30.81	60.11
Current Portion of Long-Term Debt	111.62	0.13	0.08	0.04	-	-
Current Portion of Leases	-	212.45	1.29	1.25	2.35	2.47
Current Income Taxes Payable	7.58	0	12.95	7.14	16.07	23.71
Current Unearned Revenue	21.82	21.64	48.19	27.89	35.61	58.31
Other Current Liabilities	81.87	30.9	24.19	27.74	45.8	64.18
Total Current Liabilities	405.37	521.06	452.16	363.84	446.44	576.51
Long-Term Debt	424.63	408.28	460.41	435.72	-	-
Long-Term Leases	14.03	55.7	1.69	-	1.25	3.44
Long-Term Unearned Revenue	63.22	70.47	79.22	43.84	41.4	36.23
Long-Term Deferred Tax Liabilities	-	-	-	-	3.41	3.03
Total Liabilities	907.25	1,056	993.48	843.4	492.5	619.22

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	183.35	183.34	138.46	106.75	107.4	108.09
Additional Paid-In Capital	-	682.98	640.34	670.12	677.29	693.69
Retained Earnings	205.56	285.08	594.33	673.28	558.7	413.84
Treasury Stock	-50	-50	-50	-	-19.1	-42.81
Comprehensive Income & Other	757.81	74.66	84.27	81.91	19.33	17.19
Total Common Equity	1,097	1,176	1,407	1,532	1,344	1,190
Minority Interest	12.25	-	-	-	-	-
Shareholders' Equity	1,109	1,176	1,407	1,532	1,344	1,190
Total Liabilities & Equity	2,016	2,232	2,401	2,375	1,836	1,809

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	550.28	676.56	463.47	437.02	3.6	5.91
Net Cash (Debt)	-138.86	-175.56	722.91	1,018	1,016	1,235
Net Cash Growth	-	-	-29.01%	0.27%	-17.80%	18.96%
Net Cash Per Share	-0.75	-0.96	4.02	5.64	5.62	6.84
Filing Date Shares Outstanding	181.59	181.05	177.72	180.41	181.5	182.68
Total Common Shares Outstanding	181.59	181.05	177.72	180.41	181.5	182.68
Working Capital	326.76	146.81	1,007	1,325	757.67	878.27
Book Value Per Share	6.04	6.50	7.92	8.49	7.40	6.51
Tangible Book Value	1,018	1,092	1,316	1,461	1,273	1,119
Tangible Book Value Per Share	5.60	6.03	7.40	8.10	7.02	6.12
Buildings	-	445.85	461.57	448.69	293.67	122.76
Machinery	-	481.24	491.56	227.43	141.58	121.13
Construction In Progress	-	4.31	8.27	12.92	106.67	58.38