SHE:301281 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	Jun '26 Jun 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	171.69	359.08	178.13	325.22	148.97	66.01
Short-Term Investments	-	-	-	210.26	-	-
Trading Asset Securities	70.16	-	254.43	150.54	-	-
Cash & Short-Term Investments	241.85	359.08	432.56	686.02	148.97	66.01
Cash Growth	-34.36%	-16.99%	-36.95%	360.50%	125.69%	76.29%
Accounts Receivable	254.81	117.97	95.85	75.85	56.87	43.71
Other Receivables	12.86	12.32	27.11	0.65	0.31	0.69
Receivables	267.67	130.29	122.96	76.5	57.18	44.4
Inventory	127.44	147.45	128.94	108.05	67.92	86.44
Other Current Assets	127.34	15.57	6.26	8.22	8.2	6.53
Total Current Assets	764.3	652.39	690.73	878.79	282.27	203.38
Property, Plant & Equipment	691.44	679.36	477	314.2	308.83	290.27
Long-Term Investments	199.59	191.52	190.31	184.08	-	-
Goodwill	1.03	1.03	1.82	-	-	-
Other Intangible Assets	194.55	112.74	107.17	46.02	49.08	51.76
Long-Term Deferred Tax Assets	5.03	4.26	3.06	2.92	2.09	1.62
Long-Term Deferred Charges	2.47	3.59	2.39	0.73	1.73	3.15
Other Long-Term Assets	52.61	42.78	79.98	43.22	7.79	9.34
Total Assets	1,911	1,688	1,552	1,470	651.79	559.51

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 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	141	105.65	42.25	50.18	54.98	60.58
Accrued Expenses	12.87	49.6	44.59	39.71	29.23	23.65
Short-Term Debt	82.66	-	-	-	-	-
Current Income Taxes Payable	15.14	0	1.08	0	-	4.59
Current Unearned Revenue	5.91	6.77	20.24	3.5	3.02	3.09
Other Current Liabilities	74.42	13.96	11.63	17.75	20.64	18.83
Total Current Liabilities	331.99	175.99	119.78	111.14	107.86	110.75
Long-Term Debt	120.39	112.34	45.66	-	-	-
Long-Term Unearned Revenue	11.64	8.41	9.27	10.53	9.04	10.11
Long-Term Deferred Tax Liabilities	16.72	18.29	17.78	17.25	15.16	7.66
Other Long-Term Liabilities	0.34	16.45	0.38	-	-	-
Total Liabilities	481.08	331.48	192.87	138.93	132.06	128.52

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 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	108.29	108.29	108.29	108.29	58	58
Additional Paid-In Capital	919.92	907.68	907.67	909.97	195.34	195.34
Retained Earnings	394.44	335.16	340.26	312.3	266.2	174.93
Comprehensive Income & Other	6.88	4.42	2.57	0.48	0.19	2.72
Total Common Equity	1,430	1,356	1,359	1,331	519.73	430.98
Minority Interest	0.41	0.63	0.81	-	-	-
Shareholders' Equity	1,430	1,356	1,360	1,331	519.73	430.98
Total Liabilities & Equity	1,911	1,688	1,552	1,470	651.79	559.51

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 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	203.05	112.34	45.66	-	-	-
Net Cash (Debt)	38.8	246.73	386.9	686.02	148.97	66.01
Net Cash Growth	-85.77%	-36.23%	-43.60%	360.50%	125.69%	76.29%
Net Cash Per Share	0.35	2.24	3.58	6.77	1.83	0.81
Filing Date Shares Outstanding	108.28	108.29	108.29	108.29	81.2	81.2
Total Common Shares Outstanding	108.28	108.29	108.29	108.29	81.2	81.2
Working Capital	432.31	476.4	570.95	767.65	174.4	92.64
Book Value Per Share	13.20	12.52	12.55	12.29	6.40	5.31
Tangible Book Value	1,234	1,242	1,250	1,285	470.65	379.23
Tangible Book Value Per Share	11.40	11.47	11.54	11.87	5.80	4.67
Buildings	-	220.06	216.15	213.26	208.05	186.34
Machinery	-	373.66	342.54	316.21	275.82	210.37
Construction In Progress	-	390.16	183.15	12.15	19.99	66.23