SHE:301508 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	-	525.2	1,252	338.81	318.33
Trading Asset Securities	-	6.55	-	-	-
Cash & Short-Term Investments	805.88	531.75	1,252	338.81	318.33
Cash Growth	51.55%	-57.53%	269.56%	6.43%	706.88%
Accounts Receivable	-	360.76	276.33	218.85	187.43
Other Receivables	-	3.93	1.97	1.77	1.56
Receivables	-	364.69	278.3	220.62	188.99
Inventory	-	0.77	1.31	-	-
Other Current Assets	-	51.21	13.56	13.57	8.64
Total Current Assets	-	948.43	1,545	573	515.97
Property, Plant & Equipment	-	1,097	1,072	380.42	233.06
Long-Term Investments	-	1.46	1.69	1.42	1.6
Goodwill	-	8.43	8.43	8.43	8.43
Other Intangible Assets	-	458.55	459.5	397.97	402.71
Long-Term Deferred Tax Assets	-	9.04	6.7	3.22	4.19
Long-Term Deferred Charges	-	6.31	11.76	6.91	7.45
Other Long-Term Assets	-	5.47	13.52	3.92	35.19
Total Assets	-	2,535	3,119	1,375	1,209
Accounts Payable	-	151.38	873.95	141.9	50.39
Accrued Expenses	-	43.04	35.91	29.84	28.34
Short-Term Debt	-	-	-	-	3.69
Current Portion of Leases	-	4.88	6.68	5	4.99
Current Income Taxes Payable	-	14.66	11.71	7.34	8.47
Current Unearned Revenue	-	75.21	137.17	159.85	146.54
Other Current Liabilities	-	22.44	14.46	22.79	83.38
Total Current Liabilities	-	311.6	1,080	366.71	325.81
Long-Term Leases	-	8.68	4.32	3.23	5.2
Long-Term Unearned Revenue	-	34.8	15.89	16.15	14.65
Long-Term Deferred Tax Liabilities	-	36.9	37.76	38.57	39.23
Total Liabilities	-	391.97	1,138	424.66	384.89
Common Stock	-	226.09	226.09	169.56	169.56
Additional Paid-In Capital	-	1,327	1,327	501.46	501.46
Retained Earnings	-	375.74	335.78	196.37	79.11
Comprehensive Income & Other	-	7.82	6.92	8.55	7.63
Total Common Equity	2,003	1,936	1,895	875.94	757.76
Minority Interest	-	206.79	85.34	74.68	65.94
Shareholders' Equity	2,210	2,143	1,981	950.63	823.71
Total Liabilities & Equity	-	2,535	3,119	1,375	1,209
Total Debt	10.46	13.55	11.01	8.23	13.88
Net Cash (Debt)	795.42	518.2	1,241	330.58	304.45
Net Cash Growth	53.50%	-58.25%	275.44%	8.58%	702.23%
Net Cash Per Share	3.52	2.29	7.12	1.95	1.80
Filing Date Shares Outstanding	226.09	226.09	226.09	169.56	169.56
Total Common Shares Outstanding	226.09	226.09	226.09	169.56	169.56
Working Capital	-	636.84	465.42	206.29	190.16
Book Value Per Share	8.86	8.56	8.38	5.17	4.47
Tangible Book Value	1,538	1,469	1,427	469.55	346.63
Tangible Book Value Per Share	6.80	6.50	6.31	2.77	2.04
Buildings	-	530.23	518.84	144.43	74.52
Machinery	-	724.05	632.08	252.86	160.18
Construction In Progress	-	19.82	23.41	56.2	48.15

Source: S&P Global Market Intelligence. Standard template. Financial Sources.