SHE:301057 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	90.1	180.27	90.66	270.39	247.95	155.69
Short-Term Investments	-	-	-	20	-	-
Trading Asset Securities	0.11	0.02	-	-	-	90.74
Cash & Short-Term Investments	90.22	180.29	90.66	290.39	247.95	246.44
Cash Growth	-30.57%	98.85%	-68.78%	17.12%	0.61%	259.05%
Accounts Receivable	62.75	56.29	56.76	58.02	34.81	22.79
Other Receivables	3.12	10.48	6.2	5.47	0.47	0.13
Receivables	65.87	66.77	62.96	63.49	35.28	22.92
Inventory	327.24	178.9	171.4	104.39	107.28	82.29
Prepaid Expenses	-	0.23	-	-	-	-
Other Current Assets	96.53	54.61	65.62	14.27	32.46	27.94
Total Current Assets	579.85	480.8	390.65	472.55	422.97	379.58
Property, Plant & Equipment	1,258	1,169	648.69	335.53	287.95	251.11
Long-Term Investments	13	13	6	6	6	6.29
Other Intangible Assets	116.97	119.07	121.81	43.01	41.61	42.55
Long-Term Deferred Tax Assets	3.92	2.43	2.68	2.52	1.88	1.29
Long-Term Deferred Charges	2.11	0.44	0.71	-	-	-
Other Long-Term Assets	3.56	22.48	66.82	36.78	0.8	8.52
Total Assets	1,978	1,807	1,237	896.39	761.21	689.34

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	269.1	240.58	166.56	70.22	65.08	55.33
Accrued Expenses	22.49	31.61	21.73	20.09	12.48	11.05
Short-Term Debt	105.07	134.25	58.04	-	30.03	-
Current Portion of Leases	-	0.33	0.35	0.89	0.16	0.17
Current Income Taxes Payable	4.86	0.03	-	1.87	-	1.87
Current Unearned Revenue	73.62	22.17	18.92	14.28	12.12	14.21
Other Current Liabilities	11.69	10.16	13.03	7.73	12.79	1.06
Total Current Liabilities	486.81	439.14	278.63	115.08	132.68	83.69
Long-Term Debt	629.34	509.77	113.4	-	-	-
Long-Term Leases	-	0.15	0.8	0.17	-	0.16
Long-Term Unearned Revenue	87.17	90.06	90.3	9.94	4.4	4.98
Long-Term Deferred Tax Liabilities	-	-	-	-	1.22	0.15
Total Liabilities	1,203	1,039	483.13	125.18	138.3	88.98

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	116.97	116.97	117.39	117.45	110.72	109.2
Additional Paid-In Capital	359.48	347.17	348.59	350.32	241.61	227.2
Retained Earnings	316.77	318.3	306.32	310.29	282.44	263.71
Treasury Stock	-15.01	-15.01	-18.08	-6.86	-11.86	-
Comprehensive Income & Other	-5.63	-1.76	-0	-	-	0.25
Total Common Equity	772.58	765.67	754.23	771.21	622.92	600.35
Minority Interest	2	2.63	-	-	-	-
Shareholders' Equity	774.57	768.3	754.23	771.21	622.92	600.35
Total Liabilities & Equity	1,978	1,807	1,237	896.39	761.21	689.34

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	734.41	644.51	172.6	1.06	30.19	0.34
Net Cash (Debt)	-644.19	-464.23	-81.93	289.33	217.76	246.1
Net Cash Growth	-	-	-	32.87%	-11.52%	258.56%
Net Cash Per Share	-5.43	-3.96	-0.70	2.54	1.99	2.77
Filing Date Shares Outstanding	126.1	115.68	116.1	116.31	104.64	109.2
Total Common Shares Outstanding	126.1	115.68	116.1	116.31	104.64	109.2
Working Capital	93.04	41.66	112.02	357.47	290.3	295.89
Book Value Per Share	6.13	6.62	6.50	6.63	5.95	5.50
Tangible Book Value	655.61	646.6	632.42	728.2	581.31	557.8
Tangible Book Value Per Share	5.20	5.59	5.45	6.26	5.56	5.11
Buildings	-	198.54	197.41	192	146.75	110.52
Machinery	-	386.42	361.18	252.01	188.23	183.22
Construction In Progress	-	798.12	270.46	38.85	78.21	62.75