SHE:301178 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	364.17	307.38	334.62	506.72	595.49	653.7
Trading Asset Securities	-	-	-	20.02	-	-
Cash & Short-Term Investments	364.17	307.38	334.62	526.73	595.49	653.7
Cash Growth	9.90%	-8.14%	-36.47%	-11.55%	-8.91%	256.67%
Accounts Receivable	269.95	327.01	306.47	335.13	306.81	227.51
Other Receivables	4.08	7.78	3.82	5.48	6.43	0.83
Receivables	274.03	334.79	310.29	340.61	313.24	228.33
Inventory	119.79	89.76	81.22	37.31	40.15	55.24
Prepaid Expenses	-	2.93	2.17	-	-	0
Other Current Assets	176.1	72.61	68.75	16.72	29.72	20.86
Total Current Assets	934.09	807.47	797.05	921.38	978.6	958.14
Property, Plant & Equipment	460.38	528.08	484.36	77.76	9.57	13.99
Long-Term Investments	4.08	4.08	4.08	4.08	5	5
Goodwill	1.88	1.88	1.88	4.49	2.68	2.68
Other Intangible Assets	0.22	0.53	0.17	1.16	2.1	3.27
Long-Term Accounts Receivable	-	54.45	11.51	2.8	3.82	11.96
Long-Term Deferred Tax Assets	37.18	44.83	31.82	20.21	13.8	11.47
Long-Term Deferred Charges	4.13	4.46	2.89	0.56	0.84	1.7
Other Long-Term Assets	45.35	-	-	11.89	-	-
Total Assets	1,487	1,446	1,334	1,044	1,016	1,008

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	72.26	104.49	310.7	90.92	63.98	77.87
Accrued Expenses	6.28	62.98	61.2	49.88	43.53	46.8
Short-Term Debt	124.99	75.39	46.22	10.92	2	-
Current Portion of Long-Term Debt	69.49	64.57	4.48	-	-	-
Current Portion of Leases	-	3.41	2.73	3.43	2.31	4
Current Income Taxes Payable	47.09	0.05	0.07	2.56	4.73	6.57
Current Unearned Revenue	46.62	42.61	48.56	9.78	29.97	39.5
Other Current Liabilities	23.48	22.98	29.17	30.66	18.9	1.17
Total Current Liabilities	390.22	376.47	503.14	198.15	165.44	175.9
Long-Term Debt	177.16	252.56	51.24	-	-	-
Long-Term Leases	5.13	11	5.79	3.01	3.77	5.54
Long-Term Deferred Tax Liabilities	4.83	16.23	7.18	6.89	7.97	8.3
Other Long-Term Liabilities	117.29	-	-	-	-	-
Total Liabilities	694.62	656.27	567.35	208.05	177.18	189.74

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	93.1	66.85	67.11	67.24	65.96	47.11
Additional Paid-In Capital	588.12	605.85	598.3	590.69	572.22	591.06
Retained Earnings	152.32	153.7	146.19	202.35	201.24	180.52
Treasury Stock	-48.65	-48.69	-52.74	-27.88	-	-
Comprehensive Income & Other	-0.97	-0.7	-0.6	-0.67	0.13	0.09
Total Common Equity	783.93	777.01	758.25	831.73	839.55	818.79
Minority Interest	8.76	12.49	8.17	4.55	-0.32	-0.32
Shareholders' Equity	792.69	789.5	766.42	836.28	839.23	818.47
Total Liabilities & Equity	1,487	1,446	1,334	1,044	1,016	1,008

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	376.77	406.93	110.47	17.36	8.08	9.54
Net Cash (Debt)	-12.6	-99.54	224.16	509.37	587.41	644.16
Net Cash Growth	-	-	-55.99%	-13.29%	-8.81%	261.34%
Net Cash Per Share	-0.13	-1.04	2.39	5.69	6.36	9.01
Filing Date Shares Outstanding	93.58	91.88	92.54	93.47	92.34	92.34
Total Common Shares Outstanding	93.58	91.88	92.54	93.47	92.34	92.34
Working Capital	543.88	431	293.91	723.23	813.16	782.24
Book Value Per Share	8.38	8.46	8.19	8.90	9.09	8.87
Tangible Book Value	781.84	774.61	756.21	826.08	834.77	812.84
Tangible Book Value Per Share	8.35	8.43	8.17	8.84	9.04	8.80
Buildings	-	81.15	80.82	69.92	2.24	2.24
Machinery	-	484.1	52.75	9.03	8.38	8.27
Construction In Progress	-	-	350.74	-	-	-