SHE:301458 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	812.46	753.95	338.36	330.74	341.9	103.7
Trading Asset Securities	-	170.9	-	-	-	-
Cash & Short-Term Investments	812.46	924.85	338.36	330.74	341.9	103.7
Cash Growth	-13.07%	173.33%	2.30%	-3.26%	229.71%	168.76%
Accounts Receivable	261.05	201.94	181.03	161.41	127.01	141.56
Other Receivables	5.62	0.12	0.64	0.15	21	3.34
Receivables	266.67	202.06	181.67	161.56	148.02	144.9
Inventory	124.7	98.67	81.3	78.64	90.78	103.75
Prepaid Expenses	-	0.78	0.39	0.99	-	0.31
Other Current Assets	55.25	44.02	97.72	34.83	18.11	8.44
Total Current Assets	1,259	1,270	699.44	606.77	598.81	361.1
Property, Plant & Equipment	586.93	562.49	483.26	392.97	245.94	242.13
Long-Term Investments	43.39	36.72	15.13	15.53	23.87	-
Goodwill	80.24	84.15	-	-	-	-
Other Intangible Assets	45.76	47.2	25.6	26.23	25.98	6.62
Long-Term Deferred Tax Assets	26.66	21.52	11.1	8.15	4.29	4.46
Long-Term Deferred Charges	23.12	24.06	16.82	13.16	12.9	9.21
Other Long-Term Assets	3.98	3.43	3.6	3.05	6.37	6.95
Total Assets	2,069	2,050	1,255	1,066	918.16	630.47

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	107.84	64.14	49.62	55.13	39.15	69.49
Accrued Expenses	29.5	56.18	45.54	29.47	39.33	32.28
Short-Term Debt	-	12.29	-	-	-	27.11
Current Portion of Long-Term Debt	16.39	8.2	0.35	0.39	0.25	2.17
Current Portion of Leases	-	9.2	10.79	9.62	-	-
Current Income Taxes Payable	31.23	13.09	6.39	5.35	10.56	4.6
Current Unearned Revenue	0.79	0.52	0.53	0.68	0.21	0.77
Other Current Liabilities	54.65	53.44	95.79	47.11	37.06	64.14
Total Current Liabilities	240.4	217.04	209.04	147.75	126.55	200.55
Long-Term Debt	44.91	77.59	1.44	1.92	2.37	3.31
Long-Term Leases	65.87	66.34	68.57	55.61	28.77	33.95
Long-Term Unearned Revenue	9.21	10.78	12.93	15.09	-	-
Pension & Post-Retirement Benefits	3.08	3.3	-	-	-	-
Long-Term Deferred Tax Liabilities	8.34	8.9	-	-	0.01	0.29
Total Liabilities	371.79	383.95	291.97	220.37	157.71	238.11

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
Common Stock	266.67	266.67	200	200	200	104.73
Additional Paid-In Capital	998.04	987.82	421.77	410.28	399.53	22.08
Retained Earnings	463.84	430.48	352.09	246.54	156.62	267.29
Comprehensive Income & Other	-31.18	-18.98	-10.89	-11.33	4.31	-2.06
Total Common Equity	1,697	1,666	962.97	845.49	760.46	392.04
Minority Interest	-	-	-	-	-	0.32
Shareholders' Equity	1,697	1,666	962.97	845.49	760.46	392.36
Total Liabilities & Equity	2,069	2,050	1,255	1,066	918.16	630.47

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	127.17	173.62	81.16	67.54	31.39	66.54
Net Cash (Debt)	685.3	751.24	257.2	263.2	310.52	37.16
Net Cash Growth	-18.94%	192.08%	-2.28%	-15.24%	735.57%	58.22%
Net Cash Per Share	2.58	2.86	1.29	1.32	1.58	0.24
Filing Date Shares Outstanding	266.67	266.67	200	200	200	156.17
Total Common Shares Outstanding	266.67	266.67	200	200	200	156.17
Working Capital	1,019	1,053	490.4	459.01	472.26	160.54
Book Value Per Share	6.37	6.25	4.81	4.23	3.80	2.51
Tangible Book Value	1,571	1,535	937.36	819.26	734.48	385.43
Tangible Book Value Per Share	5.89	5.75	4.69	4.10	3.67	2.47
Buildings	-	222.12	36.27	32.25	-	-
Machinery	-	369.32	334.47	317.12	-	-
Construction In Progress	-	111.62	210.68	126.41	-	-