SHE:301507 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	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Cash & Equivalents	364.41	289.4	338.73	428.3	47.34	22.32
Short-Term Investments	10.37	185.47	198.95	240.15	20.04	-
Trading Asset Securities	444.43	542.28	496.2	316.7	58.14	233.3
Cash & Short-Term Investments	819.21	1,017	1,034	985.15	125.52	255.62
Cash Growth	-31.64%	-1.62%	4.95%	684.85%	-50.90%	54.35%
Accounts Receivable	61.66	24.31	62.87	40.71	16.91	20.55
Other Receivables	5.44	6.1	13.96	0.71	0.55	-
Receivables	67.09	30.41	76.83	41.41	17.46	20.55
Inventory	68.34	103.83	105.55	105.32	108.61	106.49
Prepaid Expenses	-	-	-	-	0	0
Other Current Assets	79.15	61.06	41.31	28.82	41.29	31
Total Current Assets	1,034	1,212	1,258	1,161	292.89	413.67
Property, Plant & Equipment	569.6	471.11	256.8	211.33	195.61	192.22
Long-Term Investments	288.71	122.03	139.82	212.82	202.8	-
Goodwill	69.99	69.99	-	-	-	-
Other Intangible Assets	80.27	83.64	35.26	40.01	36.5	37.54
Long-Term Deferred Tax Assets	26.53	24.85	12	10.5	12.81	9.65
Long-Term Deferred Charges	4.49	4.97	2.86	3.58	-	-
Other Long-Term Assets	30.84	28	40.29	8.87	24.67	28.41
Total Assets	2,104	2,017	1,745	1,648	765.29	681.49

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	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Accounts Payable	119.14	68.23	39.69	30.87	38.13	21.13
Accrued Expenses	131.39	121.2	118.35	109.64	90.12	110.1
Current Portion of Leases	1.93	1.67	1.05	1.05	0.98	0.97
Current Income Taxes Payable	8.47	4.38	3.25	-	-	-
Current Unearned Revenue	56.03	48.21	31.48	14.53	21.51	14.36
Other Current Liabilities	21.6	19.01	12.85	7.85	4.73	4.59
Total Current Liabilities	338.56	262.7	206.67	163.94	155.47	151.15
Long-Term Leases	0.78	1.12	-	1.08	2.07	2.6
Long-Term Unearned Revenue	20.1	21.22	5.78	8.03	11.78	12.54
Long-Term Deferred Tax Liabilities	12.54	13.55	1.32	1.7	1.84	0.09
Total Liabilities	371.98	298.6	213.76	174.75	171.16	166.37

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	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Common Stock	356.55	356.55	356.55	356.55	267.42	267.42
Additional Paid-In Capital	952.25	951.03	951.88	950.27	246.11	246.11
Retained Earnings	335.91	305.66	222.42	166.24	80.6	1.59
Treasury Stock	-33.2	-15.24	-	-	-	-
Total Common Equity	1,612	1,598	1,531	1,473	594.13	515.12
Minority Interest	120.72	120.44	-	-	-	-
Shareholders' Equity	1,732	1,718	1,531	1,473	594.13	515.12
Total Liabilities & Equity	2,104	2,017	1,745	1,648	765.29	681.49

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	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Total Debt	2.71	2.79	1.05	2.13	3.05	3.57
Net Cash (Debt)	816.49	1,014	1,033	983.02	122.47	252.05
Net Cash Growth	-31.76%	-1.79%	5.07%	702.67%	-51.41%	85.94%
Net Cash Per Share	2.25	2.82	2.92	3.33	0.47	0.97
Filing Date Shares Outstanding	354.32	354.43	356.55	356.55	267.42	260.09
Total Common Shares Outstanding	354.32	355.54	356.55	356.55	267.42	260.09
Working Capital	695.23	949.75	1,051	996.77	137.42	262.52
Book Value Per Share	4.55	4.49	4.29	4.13	2.22	1.98
Tangible Book Value	1,461	1,444	1,496	1,433	557.63	477.58
Tangible Book Value Per Share	4.12	4.06	4.19	4.02	2.09	1.84
Buildings	235.43	235.43	226.97	229.76	226.83	222
Machinery	262.41	252.62	231.29	229	202.64	186.33
Construction In Progress	393.71	294.32	91.32	24.94	12.15	0.9