SHE:301552 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	402.42	314.85	130.03	125.39	20.64
Trading Asset Securities	401.75	575.01	40.03	-	0
Cash & Short-Term Investments	804.17	889.86	170.06	125.39	20.64
Cash Growth	-9.63%	423.28%	35.62%	507.50%	-64.17%
Accounts Receivable	231.29	156.63	192.87	148.48	129.76
Other Receivables	0.17	0.12	0.09	0.03	0.02
Receivables	231.45	156.81	192.97	148.5	129.77
Inventory	98.16	94.41	81.25	78.25	79.55
Prepaid Expenses	-	-	4.42	3.35	0.3
Other Current Assets	5.66	3.47	3.59	2.07	4.8
Total Current Assets	1,139	1,145	452.28	357.57	235.07
Property, Plant & Equipment	267.19	187.19	113.51	91.52	79.18
Goodwill	33.39	-	-	-	-
Other Intangible Assets	31.76	32.96	33.76	11.86	12.25
Long-Term Deferred Tax Assets	2.17	2.37	2.12	1.94	1.68
Long-Term Deferred Charges	8.34	3.92	3.47	7.42	11.25
Other Long-Term Assets	20.46	13.77	21.19	0.32	3.12
Total Assets	1,503	1,385	626.32	470.63	342.54
Accounts Payable	187.65	165.62	36.24	15.02	19.82
Accrued Expenses	21.75	19.39	15.39	18.3	15.37
Short-Term Debt	33.03	19.83	-	-	-
Current Portion of Leases	-	-	-	0.17	0.16
Current Income Taxes Payable	5.94	3.64	6.88	6.11	2.57
Current Unearned Revenue	7.17	4.32	0.75	1.48	0.78
Other Current Liabilities	56.18	7.61	12.41	11.98	7.91
Total Current Liabilities	311.71	220.4	71.67	53.06	46.61
Long-Term Leases	1.07	-	-	1.18	1.35
Long-Term Unearned Revenue	0.31	0.57	0.77	0.97	1.17
Long-Term Deferred Tax Liabilities	9.56	9.02	7.98	7.61	5.63
Total Liabilities	322.65	229.99	80.42	62.82	54.76
Common Stock	95.2	68	51	51	51
Additional Paid-In Capital	505.02	532.12	90.5	89.91	88.3
Retained Earnings	583	543.37	393.14	256.06	139.75
Comprehensive Income & Other	0.6	0.94	0.81	0.56	-0.3
Total Common Equity	1,184	1,144	535.45	397.52	278.74
Minority Interest	-3.72	10.33	10.45	10.29	9.04
Shareholders' Equity	1,180	1,155	545.9	407.82	287.78
Total Liabilities & Equity	1,503	1,385	626.32	470.63	342.54
Total Debt	34.1	19.83	-	1.35	1.51
Net Cash (Debt)	770.08	870.03	170.06	124.04	19.13
Net Cash Growth	-11.49%	411.62%	37.09%	548.29%	-65.93%
Net Cash Per Share	8.09	10.71	2.38	1.74	0.19
Filing Date Shares Outstanding	95.2	95.2	71.4	71.42	100.04
Total Common Shares Outstanding	95.2	95.2	71.4	71.42	100.04
Working Capital	827.74	924.14	380.61	304.51	188.46
Book Value Per Share	12.44	12.02	7.50	5.57	2.79
Tangible Book Value	1,119	1,111	501.69	385.67	266.5
Tangible Book Value Per Share	11.75	11.68	7.03	5.40	2.66
Buildings	146.12	47.21	47.95	47.07	35.89
Machinery	107.2	95.84	83.42	76.68	61.2
Construction In Progress	75.18	97.91	25.86	0.71	6.5

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