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	Sep '26 Sep 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	261.48	370.74	191.18	486.9	231.01	213.39
Short-Term Investments	-	213.2	768.65	-	-	-
Trading Asset Securities	658.66	713.06	224.25	70.62	104.75	-
Cash & Short-Term Investments	920.14	1,297	1,184	557.52	335.76	213.39
Cash Growth	57.20%	9.54%	112.38%	66.05%	57.34%	-20.59%
Accounts Receivable	182.38	152.13	112.89	148.92	100.65	109.16
Other Receivables	0.44	0.45	0.4	16.03	64.24	13.72
Receivables	182.83	152.58	113.28	164.95	164.89	122.88
Inventory	164.01	144.68	194.97	216.88	231.92	178.17
Prepaid Expenses	-	5.55	3.22	-	-	-
Other Current Assets	473.71	11.71	8.33	917.96	19.67	15.52
Total Current Assets	1,741	1,612	1,504	1,857	752.25	529.96
Property, Plant & Equipment	373.4	333.42	363.05	391.89	388.05	306.15
Long-Term Investments	-	308.35	326.08	-	-	-
Other Intangible Assets	44.43	45.51	47.13	48.55	49.82	48.85
Long-Term Deferred Tax Assets	13.36	17.01	18.68	8.8	9.2	5.35
Long-Term Deferred Charges	0.12	0.15	0.19	0.31	0.45	0.57
Other Long-Term Assets	115.22	3.8	4.38	3.77	10.23	6.63
Total Assets	2,287	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	Sep '26 Sep 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	68.51	42.53	38.83	45.02	82.26	54.98
Accrued Expenses	14.61	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	1.6	1.4	1.8	1.94	1.7	1.84
Current Income Taxes Payable	3.76	-	-	4.9	4.81	5.96
Current Unearned Revenue	17.13	10.85	8.8	11.24	14.3	9.38
Other Current Liabilities	28.46	14.95	21.51	28.7	93.53	16.61
Total Current Liabilities	134.06	93.33	92.57	120.87	264.06	144.94
Long-Term Debt	-	-	-	-	46.79	38.67
Long-Term Leases	1.87	1.82	2.96	4.71	4.43	1.12
Long-Term Unearned Revenue	6.13	7.33	9.01	6.8	7.88	3.77
Long-Term Deferred Tax Liabilities	9.04	10.22	10.03	7.26	8.02	5.13
Other Long-Term Liabilities	-	-	-	-	0.03	0.07
Total Liabilities	151.1	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	Sep '26 Sep 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	1,606	1,600	1,595	1,623	528.68	523.1
Retained Earnings	409	473.64	417.01	447.23	273.65	112.2
Comprehensive Income & Other	0.7	13.39	16.64	14.47	11.94	3.98
Shareholders' Equity	2,136	2,207	2,149	2,171	878.79	703.8
Total Liabilities & Equity	2,287	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	Sep '26 Sep 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	3.47	3.21	4.76	11.64	88.07	75.46
Net Cash (Debt)	916.67	1,294	1,179	545.88	247.69	137.93
Net Cash Growth	57.44%	9.71%	116.04%	120.39%	79.58%	-28.23%
Net Cash Per Share	7.55	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	1,607	1,518	1,411	1,736	488.19	385.02
Book Value Per Share	17.73	18.32	17.84	18.02	9.73	7.79
Tangible Book Value	2,092	2,162	2,102	2,122	828.97	654.95
Tangible Book Value Per Share	17.37	17.95	17.45	17.62	9.18	7.25
Land	-	2.18	1.37	1.35	1.33	1.21
Buildings	-	140.71	126.92	110.78	106.25	74.34
Machinery	-	534.51	526.85	518.12	485.98	337.86
Construction In Progress	-	78.11	76.82	70.61	41.44	94.84