SHE:301310 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	Dec '21 Dec 31, 2021
Cash & Equivalents	767.84	726.55	721.09	534.55	591.02	292.66
Short-Term Investments	-	35.86	46.15	689.15	-	-
Trading Asset Securities	91.07	236.56	331.13	110.7	0.4	0.77
Cash & Short-Term Investments	858.9	998.98	1,098	1,334	591.42	293.43
Cash Growth	24.08%	-9.05%	-17.69%	125.63%	101.56%	106.36%
Accounts Receivable	3,134	2,466	1,830	1,193	1,074	745.84
Other Receivables	1.89	1.57	0.99	0.44	0.55	0.32
Receivables	3,136	2,467	1,831	1,193	1,075	746.16
Inventory	808.08	528.74	341.97	197.78	279.76	151.12
Other Current Assets	97.92	75.61	25.01	9.55	9.74	3.38
Total Current Assets	4,900	4,071	3,296	2,735	1,956	1,194
Property, Plant & Equipment	824.67	805.8	660.85	417.43	275.61	178.72
Long-Term Investments	109.65	82.06	56.41	29.46	-	-
Goodwill	165	165	23.27	23.27	-	-
Other Intangible Assets	184.93	190.46	149.81	153.99	55.12	43.38
Long-Term Accounts Receivable	-	-	0.46	0.74	-	-
Long-Term Deferred Tax Assets	42.53	36.2	26.17	13.16	14.06	9.74
Long-Term Deferred Charges	2.19	3.15	3.16	1.81	-	-
Other Long-Term Assets	34.45	25.52	35.8	8.23	8.91	3.46
Total Assets	6,264	5,379	4,252	3,383	2,310	1,429

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	Dec '21 Dec 31, 2021
Accounts Payable	2,460	1,858	1,661	996.97	1,438	669.43
Accrued Expenses	15.81	26.41	16.58	16.86	9.86	17.98
Short-Term Debt	635.08	517.69	82.17	23	65.33	95.75
Current Portion of Long-Term Debt	81.99	144.35	0.03	10.01	33.94	3.61
Current Portion of Leases	-	1.14	1.22	1.96	1.69	0.69
Current Income Taxes Payable	5.11	6.17	4.15	6.54	7.33	3.73
Current Unearned Revenue	50.8	15.79	2.46	1.81	1.32	2.57
Other Current Liabilities	227.17	164.37	150.92	63	69.1	114.73
Total Current Liabilities	3,476	2,734	1,918	1,120	1,627	908.49
Long-Term Debt	302.28	186.18	40	-	33.08	32.52
Long-Term Leases	0.35	0.31	1.02	1.62	2.32	1.22
Long-Term Unearned Revenue	9.74	5.77	4.76	4.6	12.8	2.2
Long-Term Deferred Tax Liabilities	14.24	16.53	8.42	9.56	1.63	0.12
Total Liabilities	3,802	2,943	1,972	1,136	1,677	944.54

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	Dec '21 Dec 31, 2021
Common Stock	190.96	136.55	135.94	97.1	72.82	72.82
Additional Paid-In Capital	1,651	1,705	1,686	1,720	246.59	243.33
Retained Earnings	530.83	508.11	457.01	430.09	313.48	168.69
Treasury Stock	-20.05	-20.05	-	-	-	-
Comprehensive Income & Other	0.96	0.96	-	-	-	-
Total Common Equity	2,353	2,330	2,279	2,247	632.89	484.85
Minority Interest	108.27	105.68	-	-	-	-
Shareholders' Equity	2,462	2,436	2,279	2,247	632.89	484.85
Total Liabilities & Equity	6,264	5,379	4,252	3,383	2,310	1,429

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	Dec '21 Dec 31, 2021
Total Debt	1,020	849.66	124.44	36.59	136.36	133.79
Net Cash (Debt)	-160.78	149.31	973.93	1,298	455.06	159.64
Net Cash Growth	-	-84.67%	-24.96%	185.20%	185.05%	113.18%
Net Cash Per Share	-0.84	0.78	5.12	7.63	3.19	1.12
Filing Date Shares Outstanding	190.75	190.42	190.31	190.31	142.73	142.75
Total Common Shares Outstanding	190.75	190.42	190.31	190.31	142.73	142.75
Working Capital	1,425	1,337	1,378	1,615	329.03	285.6
Book Value Per Share	12.34	12.24	11.98	11.81	4.43	3.40
Tangible Book Value	2,004	1,975	2,106	2,070	577.77	441.47
Tangible Book Value Per Share	10.50	10.37	11.07	10.87	4.05	3.09
Buildings	-	437.98	379.55	174.68	126.82	56.68
Machinery	-	354.36	242.92	196.75	92.38	63.42
Construction In Progress	-	202.27	154.81	135.88	84.51	89.33