SHE:301373 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	343.12	283.68	341.8	459.29	269.32	281.6
Short-Term Investments	-	124.1	71.48	-	60	20
Trading Asset Securities	65.12	101.2	250.17	265.77	-	-
Cash & Short-Term Investments	408.24	508.98	663.45	725.06	329.32	301.6
Cash Growth	-26.08%	-23.28%	-8.50%	120.17%	9.19%	52.02%
Accounts Receivable	181.86	162.79	140.65	127.42	107.74	109.91
Other Receivables	5.07	3.06	4.15	3.22	1.75	1.32
Receivables	186.92	165.86	144.8	130.64	109.48	111.23
Inventory	57.3	47.66	39.48	32.94	44.25	36.17
Other Current Assets	389.45	355.74	297	279.54	11.26	3.69
Total Current Assets	1,042	1,078	1,145	1,168	494.31	452.69
Property, Plant & Equipment	498.74	476.72	410.31	301.07	110.23	74.58
Long-Term Investments	220.67	224.12	149.32	145.45	65	30
Goodwill	44.23	0.36	0.36	0.36	-	-
Other Intangible Assets	50.02	49.66	41.32	38.48	39.36	39.75
Long-Term Deferred Tax Assets	5.47	4.01	2.15	1.6	1.38	1.67
Long-Term Deferred Charges	1.16	0.61	0.83	1.03	0.38	5.36
Other Long-Term Assets	72.75	39	13.55	32.66	10.63	2.05
Total Assets	1,935	1,873	1,763	1,689	721.29	606.11

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	127.74	118.31	107.29	89.2	54.2	39.58
Accrued Expenses	9	13.2	13.32	12.9	19.12	18.34
Short-Term Debt	40	40	-	50	2.91	-
Current Portion of Leases	-	4.06	3.57	3.46	1.96	1.47
Current Income Taxes Payable	9.16	8.46	12.64	10.2	9.94	4.46
Current Unearned Revenue	3.63	3.27	3.5	2.72	4.01	3.12
Other Current Liabilities	3.36	0.83	0.72	0.65	0.89	0.88
Total Current Liabilities	196.79	188.13	141.03	169.14	93.03	67.84
Long-Term Leases	5.41	10.79	13.6	14.84	4.98	5.85
Long-Term Unearned Revenue	14.1	8.01	4.06	4.49	5.06	5.74
Long-Term Deferred Tax Liabilities	2.83	3.5	3.03	1.97	0.47	-
Total Liabilities	219.14	210.43	161.72	190.43	103.54	79.43

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	108.47	108.47	108.47	108.47	81.35	81.35
Additional Paid-In Capital	917.72	917.4	917.4	917.4	123.79	123.79
Retained Earnings	682.16	635.54	574.22	471.88	412.09	321.1
Total Common Equity	1,708	1,661	1,600	1,498	617.23	526.24
Minority Interest	7.46	0.89	0.76	0.64	0.52	0.44
Shareholders' Equity	1,716	1,662	1,601	1,498	617.75	526.68
Total Liabilities & Equity	1,935	1,873	1,763	1,689	721.29	606.11

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	49.31	54.84	17.16	68.29	9.85	7.32
Net Cash (Debt)	358.93	454.14	646.29	656.76	319.47	294.28
Net Cash Growth	-26.39%	-29.73%	-1.59%	105.58%	8.56%	48.34%
Net Cash Per Share	3.33	4.20	5.94	6.21	3.93	3.62
Filing Date Shares Outstanding	109.96	108.47	108.47	108.47	81.35	81.35
Total Common Shares Outstanding	109.96	108.47	108.47	108.47	81.35	81.35
Working Capital	845.12	890.12	1,004	999.04	401.28	384.85
Book Value Per Share	15.54	15.32	14.75	13.81	7.59	6.47
Tangible Book Value	1,614	1,611	1,558	1,459	577.87	486.49
Tangible Book Value Per Share	14.68	14.86	14.37	13.45	7.10	5.98
Buildings	-	170.4	147.42	43.7	42.88	42.44
Machinery	-	240.03	161.06	101.13	88.53	86.15
Construction In Progress	-	176.44	181.84	217.25	43.81	6.45