SHE:301200 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	Jan '22 Jan 1, 2022
Cash & Equivalents	4,931	1,818	1,540	1,919	2,987	220.52
Cash & Short-Term Investments	4,931	1,818	1,540	1,919	2,987	220.52
Cash Growth	357.41%	18.04%	-19.75%	-35.76%	1254.72%	-60.23%
Accounts Receivable	8,137	4,333	2,871	1,775	2,287	2,478
Other Receivables	31.25	56.45	17.2	19.29	0.44	43.71
Receivables	8,168	4,389	2,888	1,795	2,287	2,522
Inventory	2,844	1,893	898.18	972.12	903.92	1,213
Prepaid Expenses	-	-	-	-	-	3.92
Other Current Assets	572.35	141.02	42.62	20.5	20.22	27.29
Total Current Assets	16,515	8,241	5,369	4,706	6,199	3,986
Property, Plant & Equipment	959.91	813.18	703.26	460.43	255.99	183.17
Long-Term Investments	739.86	54.49	51.31	42.31	39.89	99.46
Goodwill	12.92	12.92	74.32	153.96	12.92	12.92
Other Intangible Assets	437.74	446.44	455.37	466.74	475.8	420.22
Long-Term Accounts Receivable	244.11	418.22	-	-	-	-
Long-Term Deferred Tax Assets	251.63	164.98	49.97	67.09	58.11	50.84
Long-Term Deferred Charges	10.46	13.28	35.52	58.11	75.88	86.29
Other Long-Term Assets	66.12	450.36	447.55	24.04	34.35	5.69
Total Assets	19,238	10,615	7,186	5,979	7,152	4,845

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	Jan '22 Jan 1, 2022
Accounts Payable	4,011	2,810	1,376	649.9	722.51	904.35
Accrued Expenses	532.79	427.58	202.27	228.43	346.65	318.16
Short-Term Debt	943.34	473.73	0.54	75.74	17.17	641.37
Current Portion of Long-Term Debt	-	31.33	1.89	-	-	-
Current Portion of Leases	-	16.79	34.72	35.5	45.06	34.37
Current Income Taxes Payable	220.04	102.36	9.25	5.72	37.36	96.11
Current Unearned Revenue	497.92	198.42	54.9	65.75	25.96	61.57
Other Current Liabilities	490.76	239.01	117.46	162.83	105.64	245.98
Total Current Liabilities	6,696	4,299	1,797	1,224	1,300	2,302
Long-Term Debt	-	179.95	211.05	-	-	-
Long-Term Leases	38.58	11.04	12.8	45.01	83.41	98.26
Long-Term Unearned Revenue	2.35	1.05	1.77	2.28	3.45	4.46
Long-Term Deferred Tax Liabilities	5.99	4.55	5.06	5.06	3.79	11.11
Other Long-Term Liabilities	56.81	34.27	22.41	14.35	30.09	35.56
Total Liabilities	6,800	4,530	2,050	1,291	1,421	2,451

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	Jan '22 Jan 1, 2022
Common Stock	489.01	425.51	420	420	420	378
Additional Paid-In Capital	-	4,511	4,229	4,081	4,070	1,041
Retained Earnings	2,384	1,133	476.91	175.73	1,237	970.5
Comprehensive Income & Other	9,524	0.69	1.15	0.75	0.52	-0.89
Total Common Equity	12,397	6,071	5,127	4,677	5,728	2,388
Minority Interest	40.98	14.05	9.45	11.05	2.85	5.53
Shareholders' Equity	12,438	6,085	5,136	4,689	5,731	2,394
Total Liabilities & Equity	19,238	10,615	7,186	5,979	7,152	4,845

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	Jan '22 Jan 1, 2022
Total Debt	981.91	712.85	260.99	156.25	145.64	774
Net Cash (Debt)	3,949	1,105	1,279	1,763	2,842	-553.49
Net Cash Growth	941.99%	-13.60%	-27.44%	-37.96%	-	-
Net Cash Per Share	8.33	2.55	3.02	4.16	6.86	-1.47
Filing Date Shares Outstanding	489.01	425.51	420	420	420	378
Total Common Shares Outstanding	489.01	425.51	420	420	420	378
Working Capital	9,819	3,942	3,572	3,483	4,899	1,685
Book Value Per Share	25.35	14.27	12.21	11.14	13.64	6.32
Tangible Book Value	11,946	5,611	4,597	4,057	5,239	1,955
Tangible Book Value Per Share	24.43	13.19	10.95	9.66	12.47	5.17
Buildings	-	575.27	-	-	-	-
Machinery	-	241.51	186.55	143.24	133.55	101.32
Construction In Progress	-	24.22	556.64	314.08	58.9	0.83