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	Jun '26 Jun 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	214.19	228.69	238.75	761.76	83.52	74.71
Trading Asset Securities	313.3	344.64	398.23	30.01	1	-
Cash & Short-Term Investments	527.48	573.32	636.98	791.76	84.52	74.71
Cash Growth	-4.26%	-9.99%	-19.55%	836.80%	13.13%	-3.20%
Accounts Receivable	165.44	140.98	126.48	107.75	100.71	76.64
Other Receivables	3.83	1.45	2.14	2.7	1.78	0.56
Receivables	169.27	142.43	128.62	110.45	102.49	77.19
Inventory	207.27	183	185.01	130.34	117.84	98.17
Prepaid Expenses	0.14	0.11	0.06	0.49	-	0.23
Other Current Assets	21.68	14.51	22.07	11.57	9.27	6.98
Total Current Assets	925.85	913.37	972.74	1,045	314.11	257.28
Property, Plant & Equipment	404.09	389.92	335.62	252.89	195.92	104.06
Long-Term Investments	14.6	14.84	11.77	1.9	1.89	1.79
Goodwill	-	-	-	-	1.55	1.55
Other Intangible Assets	36.54	37.28	38.27	39.75	41.17	22.62
Long-Term Deferred Tax Assets	14.67	14.02	7.33	6.09	5.19	4.37
Long-Term Deferred Charges	6.87	7.86	4.08	0.94	0.86	1.16
Other Long-Term Assets	13.79	9.73	16.9	21.07	11.49	13.28
Total Assets	1,416	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	Jun '26 Jun 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	123.29	108	145.69	110.62	91.61	44.17
Accrued Expenses	13.17	23.57	17.88	16.72	14.07	11.5
Short-Term Debt	0.36	0.24	0.21	11.26	33.28	0.15
Current Portion of Leases	1.17	1.31	0.86	1.45	1.06	1.19
Current Income Taxes Payable	4.6	4.82	5.37	3.87	7.07	2.81
Current Unearned Revenue	11.48	13.41	14.1	16.38	9.9	14.39
Other Current Liabilities	27.99	19.12	15.89	15.74	15.56	19.46
Total Current Liabilities	182.07	170.47	200	176.04	172.55	93.66
Long-Term Debt	15.65	12.65	-	-	22.42	-
Long-Term Leases	0.61	0.94	0.98	0.71	0.68	0.96
Long-Term Unearned Revenue	4.88	5.53	4.96	5.8	3.82	4.55
Long-Term Deferred Tax Liabilities	0.43	0.56	0.65	0.35	0.28	-
Total Liabilities	203.64	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	Jun '26 Jun 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	778.63	777.28	776.77	775.67	45.86	45.86
Retained Earnings	318.53	301.26	283.12	288.98	234.85	173.36
Comprehensive Income & Other	-0.11	2.62	4.5	3.61	2.49	-2.2
Total Common Equity	1,213	1,197	1,180	1,184	369.99	303.8
Minority Interest	-	-	-	0.39	2.44	3.15
Shareholders' Equity	1,213	1,197	1,180	1,184	372.43	306.95
Total Liabilities & Equity	1,416	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	Jun '26 Jun 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	17.8	15.15	2.05	13.42	57.45	2.29
Net Cash (Debt)	509.69	558.18	634.93	778.35	27.07	72.42
Net Cash Growth	-7.14%	-12.09%	-18.43%	2775.14%	-62.62%	-6.14%
Net Cash Per Share	4.52	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	743.77	742.9	772.74	868.58	141.56	163.62
Book Value Per Share	10.48	10.34	10.20	10.23	4.26	3.52
Tangible Book Value	1,176	1,160	1,142	1,144	327.27	279.63
Tangible Book Value Per Share	10.16	10.02	9.87	9.89	3.77	3.24
Buildings	229.41	168.43	168.81	164.85	57.82	37.3
Machinery	295.18	278.12	242.55	171.08	144.95	123.18
Construction In Progress	50.31	94.93	43.38	9.96	67.96	4.07