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	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	1,162	996.97	946.89	397.67	754.3	102.88
Short-Term Investments	247.25	455.05	354.68	-	-	-
Trading Asset Securities	395.89	509.86	211.81	199.16	-	-
Cash & Short-Term Investments	1,805	1,962	1,513	596.83	754.3	102.88
Cash Growth	180.41%	29.64%	153.57%	-20.88%	633.22%	-27.04%
Accounts Receivable	874.39	857.21	787.6	180.25	150.65	130.9
Other Receivables	4.82	6.53	4.73	1.25	1.24	2.62
Receivables	879.21	863.75	792.33	181.51	151.9	133.52
Inventory	774.85	659.11	557.28	85.28	85.4	67.04
Prepaid Expenses	-	-	-	-	2.5	-
Other Current Assets	99.75	95.57	96.85	7.08	29.94	26.18
Total Current Assets	3,559	3,580	2,960	870.7	1,024	329.62
Property, Plant & Equipment	2,909	2,718	2,383	639.34	626.65	502.7
Long-Term Investments	297.39	300.43	176.57	66.76	-	-
Other Intangible Assets	204.76	190.76	186.02	39.68	39.99	40.16
Long-Term Deferred Tax Assets	25.57	23.02	24.85	7.42	11.71	9.84
Long-Term Deferred Charges	53.97	54.53	43.64	36.06	35.74	18.93
Other Long-Term Assets	14.83	7.77	49.11	4.27	2.82	5.82
Total Assets	7,065	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	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	732.19	694.42	668.24	112.31	197.01	116.09
Accrued Expenses	124.91	94.23	77.37	30.8	25.32	21.15
Short-Term Debt	-	-	-	-	19.02	50.06
Current Portion of Long-Term Debt	24.11	41.2	49.18	-	6.3	-
Current Portion of Leases	15.71	9.7	13.09	3.99	4.9	4.72
Current Income Taxes Payable	9.96	21.16	16.96	6.22	5.37	3.65
Current Unearned Revenue	7.43	13.15	2.67	0.79	0.55	0.26
Other Current Liabilities	49.73	88.06	2.61	0.87	1.16	3.81
Total Current Liabilities	964.05	961.92	830.11	154.97	259.63	199.72
Long-Term Debt	323.32	330.53	186.16	-	65.17	15.68
Long-Term Leases	42.86	28.9	36.59	3.92	6.74	10.77
Long-Term Unearned Revenue	139.22	143.15	119.69	43.16	42.37	38.61
Long-Term Deferred Tax Liabilities	12.03	11.52	0	0.04	4.88	2.29
Other Long-Term Liabilities	23.8	23.8	34	-	-	-
Total Liabilities	1,505	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	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	746.24	743.19	338.39	338.39	338.39	253.79
Additional Paid-In Capital	3,439	3,393	1,981	760.11	726.18	176.67
Retained Earnings	1,334	1,172	888.22	356.15	297.6	209.52
Comprehensive Income & Other	23.67	49.77	3.84	7.48	-	-
Total Common Equity	5,543	5,359	3,212	1,462	1,362	639.98
Minority Interest	16.74	16.79	1,404	-	-	-
Shareholders' Equity	5,560	5,375	4,616	1,462	1,362	639.98
Total Liabilities & Equity	7,065	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	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	406	410.33	285.02	7.91	102.12	81.23
Net Cash (Debt)	1,399	1,552	1,228	588.92	652.18	21.65
Net Cash Growth	124.41%	26.31%	108.58%	-9.70%	2912.94%	-84.65%
Net Cash Per Share	1.94	2.43	2.18	1.74	2.57	0.09
Filing Date Shares Outstanding	746.24	743.19	338.39	338.39	338.39	253.79
Total Common Shares Outstanding	746.24	743.19	338.39	338.39	338.39	253.79
Working Capital	2,595	2,618	2,130	715.72	764.42	129.89
Book Value Per Share	7.43	7.21	9.49	4.32	4.03	2.52
Tangible Book Value	5,338	5,168	3,026	1,422	1,322	599.82
Tangible Book Value Per Share	7.15	6.95	8.94	4.20	3.91	2.36
Buildings	1,498	1,510	1,060	314.55	286.33	174.11
Machinery	1,698	1,597	1,309	424.92	19.21	248.13
Construction In Progress	487.43	302.27	496.43	85.27	110.15	169.43