SHE:301509 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	306.59	370.74	191.18	486.9	231.01	213.39
Short-Term Investments	250.63	213.2	768.65	-	-	-
Trading Asset Securities	839.36	713.06	224.25	70.62	104.75	-
Cash & Short-Term Investments	1,397	1,297	1,184	557.52	335.76	213.39
Cash Growth	11.85%	9.54%	112.38%	66.05%	57.34%	-20.59%
Accounts Receivable	184.37	152.13	112.89	148.92	100.65	109.16
Other Receivables	0.41	0.45	0.4	16.03	64.24	13.72
Receivables	184.78	152.58	113.28	164.95	164.89	122.88
Inventory	163.95	144.68	194.97	216.88	231.92	178.17
Prepaid Expenses	2.65	5.55	3.22	-	-	-
Other Current Assets	12.33	11.71	8.33	917.96	19.67	15.52
Total Current Assets	1,760	1,612	1,504	1,857	752.25	529.96
Property, Plant & Equipment	337.02	333.42	363.05	391.89	388.05	306.15
Long-Term Investments	111.83	308.35	326.08	-	-	-
Other Intangible Assets	44.8	45.51	47.13	48.55	49.82	48.85
Long-Term Deferred Tax Assets	15.79	17.01	18.68	8.8	9.2	5.35
Long-Term Deferred Charges	0.14	0.15	0.19	0.31	0.45	0.57
Other Long-Term Assets	5.87	3.8	4.38	3.77	10.23	6.63
Total Assets	2,276	2,320	2,263	2,311	1,210	897.51

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	74.15	42.53	38.83	45.02	82.26	54.98
Accrued Expenses	21.59	23.59	21.64	24.06	32.31	22.33
Short-Term Debt	-	-	-	5	24	30
Current Portion of Long-Term Debt	-	-	-	-	11.14	3.84
Current Portion of Leases	0.93	1.4	1.8	1.94	1.7	1.84
Current Income Taxes Payable	-0.58	-	-	4.9	4.81	5.96
Current Unearned Revenue	20.02	10.85	8.8	11.24	14.3	9.38
Other Current Liabilities	15.37	14.95	21.51	28.7	93.53	16.61
Total Current Liabilities	131.49	93.33	92.57	120.87	264.06	144.94
Long-Term Debt	-	-	-	-	46.79	38.67
Long-Term Leases	1.43	1.82	2.96	4.71	4.43	1.12
Long-Term Unearned Revenue	6.53	7.33	9.01	6.8	7.88	3.77
Long-Term Deferred Tax Liabilities	9.59	10.22	10.03	7.26	8.02	5.13
Other Long-Term Liabilities	-	-	-	-	0.03	0.07
Total Liabilities	149.03	112.7	114.57	139.63	331.21	193.71

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	120.45	120.45	120.45	86.03	64.53	64.53
Additional Paid-In Capital	1,602	1,600	1,595	1,623	528.68	523.1
Retained Earnings	395.51	473.64	417.01	447.23	273.65	112.2
Comprehensive Income & Other	8.46	13.39	16.64	14.47	11.94	3.98
Shareholders' Equity	2,127	2,207	2,149	2,171	878.79	703.8
Total Liabilities & Equity	2,276	2,320	2,263	2,311	1,210	897.51

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	2.36	3.21	4.76	11.64	88.07	75.46
Net Cash (Debt)	1,394	1,294	1,179	545.88	247.69	137.93
Net Cash Growth	12.01%	9.71%	116.04%	120.39%	79.58%	-28.23%
Net Cash Per Share	11.50	10.74	9.77	5.44	2.74	1.54
Filing Date Shares Outstanding	120.45	120.45	120.45	120.45	90.34	90.34
Total Common Shares Outstanding	120.45	120.45	120.45	120.45	90.34	90.34
Working Capital	1,629	1,518	1,411	1,736	488.19	385.02
Book Value Per Share	17.66	18.32	17.84	18.02	9.73	7.79
Tangible Book Value	2,082	2,162	2,102	2,122	828.97	654.95
Tangible Book Value Per Share	17.28	17.95	17.45	17.62	9.18	7.25
Land	2.12	2.18	1.37	1.35	1.33	1.21
Buildings	139.89	140.71	126.92	110.78	106.25	74.34
Machinery	543.86	534.51	526.85	518.12	485.98	337.86
Construction In Progress	99.6	78.11	76.82	70.61	41.44	94.84