SHE:301173 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	137.92	257.19	125.46	333.8	323.61	351.99
Trading Asset Securities	1,021	703	171	60	30	-
Cash & Short-Term Investments	1,159	960.19	296.46	393.8	353.61	351.99
Cash Growth	28.64%	223.88%	-24.72%	11.36%	0.46%	156.76%
Accounts Receivable	435.26	723.4	871.77	1,362	1,092	789.29
Other Receivables	4.32	4.24	4.08	2.88	2.34	1.97
Receivables	439.59	727.64	875.86	1,365	1,094	791.26
Inventory	428.47	365.33	388.28	399.23	343.48	379.07
Prepaid Expenses	-	7.56	9.47	9.05	0.81	0.64
Other Current Assets	38.74	21.07	44.69	20.05	15.32	20.29
Total Current Assets	2,066	2,082	1,615	2,187	1,808	1,543
Property, Plant & Equipment	337.52	372.66	461.46	421.02	340.63	340.33
Long-Term Investments	44.35	21.35	-	-	-	-
Other Intangible Assets	40.48	43.23	56.94	54.37	56.11	52.07
Long-Term Accounts Receivable	-	8.01	8.22	6.16	1.53	5.42
Long-Term Deferred Tax Assets	38.08	44.38	47.7	36.42	24.62	24.5
Long-Term Deferred Charges	58.36	43.96	59.26	59.21	82.09	62.58
Other Long-Term Assets	42.06	37.26	10.21	14.4	1.13	3.99
Total Assets	2,627	2,653	2,259	2,779	2,314	2,032

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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Accounts Payable	860.56	874.91	958.81	1,779	1,393	1,245
Accrued Expenses	30.44	53.8	53.19	56.58	51.44	30.9
Short-Term Debt	-	-	40.03	41.04	245.3	304.48
Current Portion of Long-Term Debt	11.72	-	-	0.04	-	6.01
Current Portion of Leases	-	11.16	13.36	9.41	12.23	9.37
Current Income Taxes Payable	10.79	10.78	26.99	17.13	17.08	1.31
Current Unearned Revenue	19.02	15.73	4.04	7.51	5.34	3.53
Other Current Liabilities	29.21	36.61	111.89	50.94	37.25	56.87
Total Current Liabilities	961.74	1,003	1,208	1,961	1,761	1,658
Long-Term Debt	-	-	82.41	40.06	-	-
Long-Term Leases	44.77	59.1	80.4	79.48	37.17	41.08
Long-Term Unearned Revenue	7.32	8.63	11.86	11.71	9.08	8.51
Long-Term Deferred Tax Liabilities	9.95	12.72	18.29	15.78	8.34	10.09
Other Long-Term Liabilities	41.96	41.18	41.04	31.12	22.65	32.96
Total Liabilities	1,066	1,125	1,442	2,140	1,839	1,750

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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Common Stock	87.83	87.83	65.88	65.88	65.88	60.31
Additional Paid-In Capital	853.84	847.14	310.19	304.4	299.26	182.09
Retained Earnings	658.27	594.29	441.28	270.48	110.82	39.45
Total Common Equity	1,561	1,529	817.34	640.75	475.96	281.85
Minority Interest	-0.43	-1.26	-1.12	-1.56	-0.95	-
Shareholders' Equity	1,561	1,528	816.22	639.19	475.01	281.85
Total Liabilities & Equity	2,627	2,653	2,259	2,779	2,314	2,032

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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Total Debt	56.5	70.26	216.2	170.02	294.7	360.94
Net Cash (Debt)	1,102	889.93	80.26	223.77	58.91	-8.95
Net Cash Growth	33.68%	1008.87%	-64.13%	279.87%	-	-
Net Cash Per Share	12.59	10.57	1.22	3.40	0.98	-0.16
Filing Date Shares Outstanding	86.87	87.83	87.83	65.88	65.88	56.01
Total Common Shares Outstanding	86.87	87.83	65.88	65.88	65.88	56.01
Working Capital	1,104	1,079	406.44	225.76	46.12	-114.4
Book Value Per Share	17.97	17.41	12.41	9.73	7.23	5.03
Tangible Book Value	1,521	1,486	760.4	586.38	419.85	229.78
Tangible Book Value Per Share	17.51	16.92	11.54	8.90	6.37	4.10
Buildings	-	190.61	85.14	85.14	85.18	85.15
Machinery	-	419.04	419.16	398.34	387.5	337.96
Construction In Progress	-	1.82	148.87	86.36	15.06	18.67