SHE:301075 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	152.88	85.28	262.13	405.27	425.76	610.93
Trading Asset Securities	150	20.04	141.68	77.57	80	-
Cash & Short-Term Investments	302.88	105.32	403.81	482.84	505.76	610.93
Cash Growth	-	-73.92%	-16.37%	-4.53%	-17.21%	484.67%
Accounts Receivable	81.55	87.89	107.94	85.51	92.3	100.33
Other Receivables	4.93	17.09	19.55	11.2	7.88	2.28
Receivables	86.47	104.98	127.49	96.7	100.18	102.6
Inventory	108.62	83.54	45.85	33.13	32.77	9.82
Prepaid Expenses	-	-	0	0.05	0.06	0.06
Other Current Assets	29.59	35.23	53.61	36.23	8.66	5.64
Total Current Assets	527.57	329.06	630.75	648.95	647.43	729.05
Property, Plant & Equipment	702.18	694.53	652.8	209.8	110.68	103.41
Long-Term Investments	99.8	110.99	108.18	155.36	112.62	-
Goodwill	18.62	18.7	19.22	3.69	-	-
Other Intangible Assets	60.49	76.64	78.48	34.19	21.24	16.85
Long-Term Deferred Tax Assets	0.3	3.49	3.09	1.25	0.78	0.65
Long-Term Deferred Charges	0.34	2.01	2.84	2.7	0.33	1.46
Other Long-Term Assets	52.97	47.8	39.64	16.33	5.8	-
Total Assets	1,462	1,283	1,535	1,072	898.87	851.42

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	96.29	77.29	58.14	26.77	12.13	23.01
Accrued Expenses	4.02	7.63	9	8.58	13.09	10.46
Short-Term Debt	34.62	229.47	275.54	50.13	100.06	20
Current Portion of Long-Term Debt	171	108.14	115.21	11.01	-	-
Current Portion of Leases	-	2.22	3.03	0.6	0.29	0.48
Current Income Taxes Payable	0.61	-	1.26	2.41	1.35	2.87
Current Unearned Revenue	8.69	7.55	2.78	5.08	4.16	3.72
Other Current Liabilities	331.26	9.84	44.41	24.6	13.49	2.25
Total Current Liabilities	646.49	442.14	509.37	129.18	144.57	62.79
Long-Term Debt	-	88.5	137.5	118.08	-	-
Long-Term Leases	1.78	3.73	7.21	0.31	0.88	-
Long-Term Unearned Revenue	99.19	105.02	106.9	2.12	-	-
Long-Term Deferred Tax Liabilities	20.1	20.29	20.54	0.9	-	-
Total Liabilities	767.56	659.67	781.52	250.59	145.45	62.79

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	80	80	80	80	80	80
Additional Paid-In Capital	559.22	506.89	506.94	509.22	509.5	520.5
Retained Earnings	16.23	7.47	109.64	182.17	163.32	192.42
Treasury Stock	-	-20.99	-20.99	-	-	-
Comprehensive Income & Other	1.14	1.14	1.14	0.68	-1.3	-
Total Common Equity	656.6	574.51	676.73	772.06	751.53	792.92
Minority Interest	38.1	49.03	76.74	49.61	1.89	-4.28
Shareholders' Equity	694.7	623.54	753.47	821.68	753.41	788.63
Total Liabilities & Equity	1,462	1,283	1,535	1,072	898.87	851.42

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	207.4	432.06	538.5	180.12	101.24	20.48
Net Cash (Debt)	95.48	-326.74	-134.69	302.72	404.53	590.45
Net Cash Growth	-	-	-	-25.17%	-31.49%	750.31%
Net Cash Per Share	1.20	-4.13	-1.70	3.85	5.13	9.05
Filing Date Shares Outstanding	79.99	78.96	78.96	80	80	80
Total Common Shares Outstanding	79.99	78.96	78.96	80	80	80
Working Capital	-118.92	-113.07	121.38	519.77	502.85	666.26
Book Value Per Share	8.21	7.28	8.57	9.65	9.39	9.91
Tangible Book Value	577.48	479.17	579.04	734.19	730.29	776.06
Tangible Book Value Per Share	7.22	6.07	7.33	9.18	9.13	9.70
Buildings	-	530.63	506.96	167.55	117.46	103.71
Machinery	-	259.16	251.45	126.2	63.47	60.37
Construction In Progress	-	64.09	5.67	9.08	3.94	0.36