SHE:301421 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	176.48	228.69	238.75	761.76	83.52	74.71
Trading Asset Securities	351.34	344.64	398.23	30.01	1	-
Cash & Short-Term Investments	527.82	573.32	636.98	791.76	84.52	74.71
Cash Growth	-5.04%	-9.99%	-19.55%	836.80%	13.13%	-3.20%
Accounts Receivable	205.7	140.98	126.48	107.75	100.71	76.64
Other Receivables	4.54	1.45	2.14	2.7	1.78	0.56
Receivables	210.24	142.43	128.62	110.45	102.49	77.19
Inventory	224.05	183	185.01	130.34	117.84	98.17
Prepaid Expenses	-	0.11	0.06	0.49	-	0.23
Other Current Assets	19.8	14.51	22.07	11.57	9.27	6.98
Total Current Assets	981.91	913.37	972.74	1,045	314.11	257.28
Property, Plant & Equipment	409.19	389.92	335.62	252.89	195.92	104.06
Long-Term Investments	14.8	14.84	11.77	1.9	1.89	1.79
Goodwill	-	-	-	-	1.55	1.55
Other Intangible Assets	36.11	37.28	38.27	39.75	41.17	22.62
Long-Term Deferred Tax Assets	16.19	14.02	7.33	6.09	5.19	4.37
Long-Term Deferred Charges	7	7.86	4.08	0.94	0.86	1.16
Other Long-Term Assets	14.14	9.73	16.9	21.07	11.49	13.28
Total Assets	1,479	1,387	1,387	1,367	572.19	406.11

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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Accounts Payable	154.77	108	145.69	110.62	91.61	44.17
Accrued Expenses	8.78	23.57	17.88	16.72	14.07	11.5
Short-Term Debt	-	0.24	0.21	11.26	33.28	0.15
Current Portion of Leases	1.06	1.31	0.86	1.45	1.06	1.19
Current Income Taxes Payable	7.53	4.82	5.37	3.87	7.07	2.81
Current Unearned Revenue	28.76	13.41	14.1	16.38	9.9	14.39
Other Current Liabilities	32.22	19.12	15.89	15.74	15.56	19.46
Total Current Liabilities	233.12	170.47	200	176.04	172.55	93.66
Long-Term Debt	15.65	12.65	-	-	22.42	-
Long-Term Leases	0.43	0.94	0.98	0.71	0.68	0.96
Long-Term Unearned Revenue	4.57	5.53	4.96	5.8	3.82	4.55
Long-Term Deferred Tax Liabilities	0.87	0.56	0.65	0.35	0.28	-
Total Liabilities	254.65	190.16	206.59	182.9	199.76	99.16

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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Common Stock	115.72	115.72	115.72	115.72	86.79	86.79
Additional Paid-In Capital	779.35	777.28	776.77	775.67	45.86	45.86
Retained Earnings	330.7	301.26	283.12	288.98	234.85	173.36
Comprehensive Income & Other	-1.08	2.62	4.5	3.61	2.49	-2.2
Total Common Equity	1,225	1,197	1,180	1,184	369.99	303.8
Minority Interest	-	-	-	0.39	2.44	3.15
Shareholders' Equity	1,225	1,197	1,180	1,184	372.43	306.95
Total Liabilities & Equity	1,479	1,387	1,387	1,367	572.19	406.11

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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Total Debt	17.15	15.15	2.05	13.42	57.45	2.29
Net Cash (Debt)	510.67	558.18	634.93	778.35	27.07	72.42
Net Cash Growth	-6.09%	-12.09%	-18.43%	2775.14%	-62.62%	-6.14%
Net Cash Per Share	4.46	4.88	5.50	8.05	0.31	0.84
Filing Date Shares Outstanding	115.72	115.72	115.72	115.72	86.79	86.4
Total Common Shares Outstanding	115.72	115.72	115.72	115.72	86.79	86.4
Working Capital	748.79	742.9	772.74	868.58	141.56	163.62
Book Value Per Share	10.58	10.34	10.20	10.23	4.26	3.52
Tangible Book Value	1,189	1,160	1,142	1,144	327.27	279.63
Tangible Book Value Per Share	10.27	10.02	9.87	9.89	3.77	3.24
Buildings	-	168.43	168.81	164.85	57.82	37.3
Machinery	-	278.12	242.55	171.08	144.95	123.18
Construction In Progress	-	94.93	43.38	9.96	67.96	4.07