SHE:301162 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Cash & Equivalents	345.48	501.86	730.75	799.76	82.7
Trading Asset Securities	362.44	140.45	10.02	-	50.02
Cash & Short-Term Investments	707.92	642.31	740.77	799.76	132.72
Cash Growth	10.21%	-13.29%	-7.38%	502.61%	35.66%
Accounts Receivable	505.89	395.99	314.83	250.91	199.24
Other Receivables	13.51	8.02	10.67	3.96	3.06
Receivables	519.39	404.01	325.5	254.86	202.3
Inventory	100.06	106.27	84.12	80.71	68.15
Other Current Assets	85.71	37.15	8.23	2.27	6.43
Total Current Assets	1,413	1,190	1,159	1,138	409.6
Property, Plant & Equipment	656.51	399.82	63.62	16.03	13.23
Long-Term Investments	290.42	151.13	139.97	74.91	-
Other Intangible Assets	7.95	8.68	1.23	0.28	0.36
Long-Term Accounts Receivable	-	5.43	3.47	2.88	3.64
Long-Term Deferred Tax Assets	12.05	9.98	10.21	5.35	3.47
Long-Term Deferred Charges	27.66	16.99	17.71	0.89	1.21
Other Long-Term Assets	11.34	11.9	3.79	0.54	-
Total Assets	2,419	1,794	1,399	1,238	431.51
Accounts Payable	238.36	189.96	132.71	102.79	98.22
Accrued Expenses	30.84	43.61	38.66	28.58	19.44
Short-Term Debt	29.91	32.11	-	-	-
Current Portion of Long-Term Debt	38.24	0.96	-	-	-
Current Portion of Leases	-	19.9	15.82	3.38	3.3
Current Income Taxes Payable	11.26	1.44	1.78	1.85	4.55
Current Unearned Revenue	96.37	96.11	81.63	74.83	50.54
Other Current Liabilities	37.94	66.96	22.77	18.05	7.05
Total Current Liabilities	482.92	451.04	293.37	229.47	183.09
Long-Term Debt	62.05	17.8	-	-	-
Long-Term Leases	52.95	129.83	30.2	1.66	2.02
Long-Term Unearned Revenue	2.09	-	-	-	-
Long-Term Deferred Tax Liabilities	1.97	1.82	1.87	1.3	0
Other Long-Term Liabilities	188.11	-	-	-	-
Total Liabilities	790.09	600.49	325.44	232.43	185.11
Common Stock	132.58	100.15	99.25	70.89	53.16
Additional Paid-In Capital	1,093	751.08	715.88	722.68	24.35
Retained Earnings	358.84	300.21	251.28	206.02	170.84
Comprehensive Income & Other	-0	5.87	5.84	5.5	-2
Total Common Equity	1,584	1,157	1,072	1,005	246.35
Minority Interest	45	35.85	0.91	0.95	0.04
Shareholders' Equity	1,629	1,193	1,073	1,006	246.39
Total Liabilities & Equity	2,419	1,794	1,399	1,238	431.51
Total Debt	183.15	200.59	46.03	5.04	5.32
Net Cash (Debt)	524.77	441.72	694.74	794.72	127.4
Net Cash Growth	18.80%	-36.42%	-12.58%	523.81%	30.22%
Net Cash Per Share	4.15	3.66	5.70	7.21	1.42
Filing Date Shares Outstanding	129.99	120.18	119.1	119.1	89.31
Total Common Shares Outstanding	129.99	120.18	119.1	119.1	89.31
Working Capital	930.17	738.69	865.24	908.14	226.51
Book Value Per Share	12.18	9.63	9.00	8.44	2.76
Tangible Book Value	1,576	1,149	1,071	1,005	245.99
Tangible Book Value Per Share	12.12	9.56	8.99	8.44	2.75
Machinery	-	359.51	28.69	18.07	13.23
Construction In Progress	-	27.73	12.95	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.