SHE:301297 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	781.17	996.97	946.89	397.67	754.3	102.88
Short-Term Investments	10.76	455.05	354.68	-	-	-
Trading Asset Securities	314.93	509.86	211.81	199.16	-	-
Cash & Short-Term Investments	1,107	1,962	1,513	596.83	754.3	102.88
Cash Growth	-41.98%	29.64%	153.57%	-20.88%	633.22%	-27.04%
Accounts Receivable	1,041	857.21	787.6	180.25	150.65	130.9
Other Receivables	6.03	6.53	4.73	1.25	1.24	2.62
Receivables	1,047	863.75	792.33	181.51	151.9	133.52
Inventory	851.13	659.11	557.28	85.28	85.4	67.04
Prepaid Expenses	-	-	-	-	2.5	-
Other Current Assets	466.73	95.57	96.85	7.08	29.94	26.18
Total Current Assets	3,472	3,580	2,960	870.7	1,024	329.62
Property, Plant & Equipment	3,104	2,718	2,383	639.34	626.65	502.7
Long-Term Investments	348.31	300.43	176.57	66.76	-	-
Other Intangible Assets	217.78	190.76	186.02	39.68	39.99	40.16
Long-Term Deferred Tax Assets	29.63	23.02	24.85	7.42	11.71	9.84
Long-Term Deferred Charges	53.08	54.53	43.64	36.06	35.74	18.93
Other Long-Term Assets	22.54	7.77	49.11	4.27	2.82	5.82
Total Assets	7,247	6,875	5,823	1,664	1,741	907.07

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	802.82	694.42	668.24	112.31	197.01	116.09
Accrued Expenses	84.56	94.23	77.37	30.8	25.32	21.15
Short-Term Debt	-	-	-	-	19.02	50.06
Current Portion of Long-Term Debt	16.43	41.2	49.18	-	6.3	-
Current Portion of Leases	-	9.7	13.09	3.99	4.9	4.72
Current Income Taxes Payable	41.03	21.16	16.96	6.22	5.37	3.65
Current Unearned Revenue	4.99	13.15	2.67	0.79	0.55	0.26
Other Current Liabilities	38.1	88.06	2.61	0.87	1.16	3.81
Total Current Liabilities	987.92	961.92	830.11	154.97	259.63	199.72
Long-Term Debt	9.95	330.53	186.16	-	65.17	15.68
Long-Term Leases	48.02	28.9	36.59	3.92	6.74	10.77
Long-Term Unearned Revenue	135.24	143.15	119.69	43.16	42.37	38.61
Long-Term Deferred Tax Liabilities	11.11	11.52	0	0.04	4.88	2.29
Other Long-Term Liabilities	13.6	23.8	34	-	-	-
Total Liabilities	1,206	1,500	1,207	202.09	378.79	267.09

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	704.76	743.19	338.39	338.39	338.39	253.79
Additional Paid-In Capital	3,836	3,393	1,981	760.11	726.18	176.67
Retained Earnings	1,489	1,172	888.22	356.15	297.6	209.52
Comprehensive Income & Other	-9.4	49.77	3.84	7.48	-	-
Total Common Equity	6,021	5,359	3,212	1,462	1,362	639.98
Minority Interest	20.92	16.79	1,404	-	-	-
Shareholders' Equity	6,041	5,375	4,616	1,462	1,362	639.98
Total Liabilities & Equity	7,247	6,875	5,823	1,664	1,741	907.07

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	74.4	410.33	285.02	7.91	102.12	81.23
Net Cash (Debt)	1,032	1,552	1,228	588.92	652.18	21.65
Net Cash Growth	-23.33%	26.31%	108.58%	-9.70%	2912.94%	-84.65%
Net Cash Per Share	1.36	2.43	2.18	1.74	2.57	0.09
Filing Date Shares Outstanding	704.76	743.19	338.39	338.39	338.39	253.79
Total Common Shares Outstanding	704.76	743.19	338.39	338.39	338.39	253.79
Working Capital	2,484	2,618	2,130	715.72	764.42	129.89
Book Value Per Share	8.54	7.21	9.49	4.32	4.03	2.52
Tangible Book Value	5,803	5,168	3,026	1,422	1,322	599.82
Tangible Book Value Per Share	8.23	6.95	8.94	4.20	3.91	2.36
Buildings	-	1,510	1,060	314.55	286.33	174.11
Machinery	-	1,597	1,309	424.92	19.21	248.13
Construction In Progress	-	302.27	496.43	85.27	110.15	169.43