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	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	Dec '21 Dec 31, 2021
Cash & Equivalents	681.32	726.55	721.09	534.55	591.02	292.66
Short-Term Investments	-	35.86	46.15	689.15	-	-
Trading Asset Securities	109.36	236.56	331.13	110.7	0.4	0.77
Cash & Short-Term Investments	790.67	998.98	1,098	1,334	591.42	293.43
Cash Growth	6.02%	-9.05%	-17.69%	125.63%	101.56%	106.36%
Accounts Receivable	3,556	2,466	1,830	1,193	1,074	745.84
Other Receivables	2.14	1.57	0.99	0.44	0.55	0.32
Receivables	3,558	2,467	1,831	1,193	1,075	746.16
Inventory	845.78	528.74	341.97	197.78	279.76	151.12
Other Current Assets	125.83	75.61	25.01	9.55	9.74	3.38
Total Current Assets	5,320	4,071	3,296	2,735	1,956	1,194
Property, Plant & Equipment	846.55	805.8	660.85	417.43	275.61	178.72
Long-Term Investments	109.04	82.06	56.41	29.46	-	-
Goodwill	165	165	23.27	23.27	-	-
Other Intangible Assets	181.96	190.46	149.81	153.99	55.12	43.38
Long-Term Accounts Receivable	-	-	0.46	0.74	-	-
Long-Term Deferred Tax Assets	43.94	36.2	26.17	13.16	14.06	9.74
Long-Term Deferred Charges	1.65	3.15	3.16	1.81	-	-
Other Long-Term Assets	35.38	25.52	35.8	8.23	8.91	3.46
Total Assets	6,704	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	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	Dec '21 Dec 31, 2021
Accounts Payable	2,771	1,858	1,661	996.97	1,438	669.43
Accrued Expenses	19.63	26.41	16.58	16.86	9.86	17.98
Short-Term Debt	729.7	517.69	82.17	23	65.33	95.75
Current Portion of Long-Term Debt	95.2	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	19.09	6.17	4.15	6.54	7.33	3.73
Current Unearned Revenue	44.16	15.79	2.46	1.81	1.32	2.57
Other Current Liabilities	262.1	164.37	150.92	63	69.1	114.73
Total Current Liabilities	3,941	2,734	1,918	1,120	1,627	908.49
Long-Term Debt	257.97	186.18	40	-	33.08	32.52
Long-Term Leases	0.18	0.31	1.02	1.62	2.32	1.22
Long-Term Unearned Revenue	11.89	5.77	4.76	4.6	12.8	2.2
Long-Term Deferred Tax Liabilities	13.76	16.53	8.42	9.56	1.63	0.12
Total Liabilities	4,225	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	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	Dec '21 Dec 31, 2021
Common Stock	191.85	136.55	135.94	97.1	72.82	72.82
Additional Paid-In Capital	1,660	1,705	1,686	1,720	246.59	243.33
Retained Earnings	534.56	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	2,367	2,330	2,279	2,247	632.89	484.85
Minority Interest	111.83	105.68	-	-	-	-
Shareholders' Equity	2,479	2,436	2,279	2,247	632.89	484.85
Total Liabilities & Equity	6,704	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	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	Dec '21 Dec 31, 2021
Total Debt	1,083	849.66	124.44	36.59	136.36	133.79
Net Cash (Debt)	-292.37	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	-1.25	0.78	5.12	7.63	3.19	1.12
Filing Date Shares Outstanding	191.3	190.42	190.31	190.31	142.73	142.75
Total Common Shares Outstanding	191.3	190.42	190.31	190.31	142.73	142.75
Working Capital	1,379	1,337	1,378	1,615	329.03	285.6
Book Value Per Share	12.37	12.24	11.98	11.81	4.43	3.40
Tangible Book Value	2,020	1,975	2,106	2,070	577.77	441.47
Tangible Book Value Per Share	10.56	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