SHE:301571 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	-	448.55	102.52	260.26	557.61
Trading Asset Securities	-	-	-	-	7
Cash & Short-Term Investments	312.09	448.55	102.52	260.26	564.61
Cash Growth	-30.42%	337.53%	-60.61%	-53.90%	835.23%
Accounts Receivable	-	718.17	530.32	287.24	166.39
Other Receivables	-	2.69	5.46	4.86	8.23
Receivables	-	720.85	535.78	292.1	174.62
Inventory	-	520.74	470.45	338.26	112.98
Other Current Assets	-	199.04	113.59	165.54	175.52
Total Current Assets	-	1,889	1,222	1,056	1,028
Property, Plant & Equipment	-	302.15	263.51	152.49	107.12
Long-Term Investments	-	37.99	30.3	30.8	14.37
Other Intangible Assets	-	10.28	10.4	16.32	22.85
Long-Term Deferred Tax Assets	-	17.08	7.2	2.28	1.75
Long-Term Deferred Charges	-	2.73	3.73	5.13	3.12
Other Long-Term Assets	-	248.24	57.2	41.57	28.8
Total Assets	-	2,508	1,595	1,305	1,206
Accounts Payable	-	54.17	50.21	48.71	129.23
Accrued Expenses	-	22.45	18.89	17.52	10.7
Short-Term Debt	-	547.89	230.25	65.09	-
Current Portion of Leases	-	6.88	8.78	11.67	6.56
Current Income Taxes Payable	-	11.68	11.46	9.18	8.12
Current Unearned Revenue	-	14.9	9.93	10.21	9.68
Other Current Liabilities	-	4.86	21.24	26.15	19.09
Total Current Liabilities	-	662.82	350.75	188.52	183.38
Long-Term Leases	-	2.64	6.55	4.93	12.8
Long-Term Unearned Revenue	-	-	3.15	3.15	2.53
Other Long-Term Liabilities	-	4.38	2.6	1.62	1.03
Total Liabilities	-	669.85	363.05	198.23	199.74
Common Stock	-	179.43	134.57	134.57	134.57
Additional Paid-In Capital	-	1,178	787.54	787.54	789.9
Retained Earnings	-	474.32	301.64	174.85	77.35
Comprehensive Income & Other	-	0.28	3.74	3.35	-
Total Common Equity	1,962	1,832	1,227	1,100	1,002
Minority Interest	-	6.08	4.14	6.22	4.17
Shareholders' Equity	1,961	1,838	1,232	1,107	1,006
Total Liabilities & Equity	-	2,508	1,595	1,305	1,206
Total Debt	906.53	557.41	245.58	81.69	19.36
Net Cash (Debt)	-594.44	-108.86	-143.06	178.58	545.24
Net Cash Growth	-	-	-	-67.25%	2079.66%
Net Cash Per Share	-3.33	-0.73	-1.06	1.32	4.68
Filing Date Shares Outstanding	179.43	179.43	134.57	135.41	134.57
Total Common Shares Outstanding	179.43	179.43	134.57	135.41	134.57
Working Capital	-	1,226	871.58	867.64	844.35
Book Value Per Share	10.94	10.21	9.12	8.13	7.44
Tangible Book Value	1,953	1,821	1,217	1,084	978.98
Tangible Book Value Per Share	10.89	10.15	9.04	8.01	7.27
Machinery	-	250.41	174.32	153.12	93.99
Construction In Progress	-	99.41	109.46	-	-

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