SHE:301310 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	726.55	721.09	534.55	591.02	292.66
Short-Term Investments	-	46.15	689.15	-	-
Trading Asset Securities	236.56	331.13	110.7	0.4	0.77
Cash & Short-Term Investments	963.12	1,098	1,334	591.42	293.43
Cash Growth	-12.31%	-17.69%	125.63%	101.56%	106.36%
Accounts Receivable	2,466	1,830	1,193	1,074	745.84
Other Receivables	1.44	0.99	0.44	0.55	0.32
Receivables	2,467	1,831	1,193	1,075	746.16
Inventory	528.74	341.97	197.78	279.76	151.12
Other Current Assets	111.6	25.01	9.55	9.74	3.38
Total Current Assets	4,071	3,296	2,735	1,956	1,194
Property, Plant & Equipment	805.8	660.85	417.43	275.61	178.72
Long-Term Investments	82.06	56.41	29.46	-	-
Goodwill	165	23.27	23.27	-	-
Other Intangible Assets	190.46	149.81	153.99	55.12	43.38
Long-Term Accounts Receivable	-	0.46	0.74	-	-
Long-Term Deferred Tax Assets	36.2	26.17	13.16	14.06	9.74
Long-Term Deferred Charges	3.15	3.16	1.81	-	-
Other Long-Term Assets	25.52	35.8	8.23	8.91	3.46
Total Assets	5,379	4,252	3,383	2,310	1,429
Accounts Payable	1,858	1,661	996.97	1,438	669.43
Accrued Expenses	22.98	16.58	16.86	9.86	17.98
Short-Term Debt	517.69	82.17	23	65.33	95.75
Current Portion of Long-Term Debt	145.49	0.03	10.01	33.94	3.61
Current Portion of Leases	-	1.22	1.96	1.69	0.69
Current Income Taxes Payable	9.92	4.15	6.54	7.33	3.73
Current Unearned Revenue	15.79	2.46	1.81	1.32	2.57
Other Current Liabilities	164.06	150.92	63	69.1	114.73
Total Current Liabilities	2,734	1,918	1,120	1,627	908.49
Long-Term Debt	186.18	40	-	33.08	32.52
Long-Term Leases	0.31	1.02	1.62	2.32	1.22
Long-Term Unearned Revenue	5.77	4.76	4.6	12.8	2.2
Long-Term Deferred Tax Liabilities	16.53	8.42	9.56	1.63	0.12
Total Liabilities	2,943	1,972	1,136	1,677	944.54
Common Stock	136.55	135.94	97.1	72.82	72.82
Additional Paid-In Capital	1,705	1,686	1,720	246.59	243.33
Retained Earnings	508.11	457.01	430.09	313.48	168.69
Treasury Stock	-20.05	-	-	-	-
Comprehensive Income & Other	0.96	-	-	-	-
Total Common Equity	2,330	2,279	2,247	632.89	484.85
Minority Interest	105.68	-	-	-	-
Shareholders' Equity	2,436	2,279	2,247	632.89	484.85
Total Liabilities & Equity	5,379	4,252	3,383	2,310	1,429
Total Debt	849.66	124.44	36.59	136.36	133.79
Net Cash (Debt)	113.45	973.93	1,298	455.06	159.64
Net Cash Growth	-88.35%	-24.96%	185.20%	185.05%	113.18%
Net Cash Per Share	0.83	7.16	10.68	4.46	1.57
Filing Date Shares Outstanding	135.67	135.94	135.94	101.95	101.96
Total Common Shares Outstanding	135.67	135.94	135.94	101.95	101.96
Working Capital	1,337	1,378	1,615	329.03	285.6
Book Value Per Share	17.18	16.77	16.53	6.21	4.76
Tangible Book Value	1,975	2,106	2,070	577.77	441.47
Tangible Book Value Per Share	14.56	15.49	15.22	5.67	4.33
Buildings	-	379.55	174.68	126.82	56.68
Machinery	-	242.92	196.75	92.38	63.42
Construction In Progress	-	154.81	135.88	84.51	89.33

Source: S&P Global Market Intelligence. Standard template. Financial Sources.