SHE:301601 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	322.7	391.24	237.64	323.46	567.85	443.76
Short-Term Investments	10.32	20.65	80	-	-	-
Trading Asset Securities	117.02	131.05	-	-	-	-
Cash & Short-Term Investments	450.03	542.94	317.64	323.46	567.85	443.76
Cash Growth	-12.65%	70.93%	-1.80%	-43.04%	27.96%	217.54%
Accounts Receivable	238.16	264.23	260.51	291.6	243.55	108.29
Other Receivables	4.25	4.21	4.01	4.18	29.16	40.07
Receivables	242.41	268.44	264.52	295.79	272.7	148.36
Inventory	243.47	184.58	206.97	230.24	223.63	189.7
Prepaid Expenses	0.01	-	0.12	-	-	-
Other Current Assets	130.43	139.83	123.75	131.74	123.6	86.58
Total Current Assets	1,066	1,136	913	981.23	1,188	868.41
Property, Plant & Equipment	746.67	737.48	670.07	608.79	130.77	54.33
Long-Term Investments	78.53	80.18	116.67	108.82	112.2	116.71
Goodwill	36.83	36.83	36.83	36.83	36.83	36.83
Other Intangible Assets	49.91	52.55	55.77	51.15	49.76	13.27
Long-Term Deferred Tax Assets	29.44	24.1	18.14	8.55	4.33	3
Long-Term Deferred Charges	11.09	8.23	2.33	2.39	2.73	0.16
Other Long-Term Assets	38.66	41.35	39.56	43.83	136.38	71.78
Total Assets	2,058	2,117	1,852	1,842	1,661	1,164

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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Accounts Payable	137.46	178.13	125.75	215.22	193.34	122.02
Accrued Expenses	2.27	31.16	30.31	32.16	34.94	31.22
Short-Term Debt	-	-	-	0.03	-	-
Current Portion of Long-Term Debt	-	0.17	35.33	0.34	0.14	-
Current Portion of Leases	0.81	0.37	2.56	1.88	0.81	0.77
Current Income Taxes Payable	-	9.91	9	0.56	13.04	7.44
Current Unearned Revenue	246.11	214.32	263.83	352.54	489.32	349.39
Other Current Liabilities	61.81	72.6	102.16	112.11	72.08	54.17
Total Current Liabilities	448.46	506.67	568.94	714.84	803.67	565.01
Long-Term Debt	230	230	315	311.28	137.3	-
Long-Term Leases	1.01	0.38	3.87	4.76	4.79	5.6
Long-Term Unearned Revenue	52.4	51.82	41.4	-	-	-
Long-Term Deferred Tax Liabilities	2.84	1.92	1.37	1.71	1.7	2.14
Total Liabilities	734.71	790.79	930.57	1,033	947.46	572.75

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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Common Stock	140.48	140.48	105.36	105.36	105.36	105.36
Additional Paid-In Capital	752.6	746.97	413.53	399	384.43	369.84
Retained Earnings	457.75	487.67	437.89	330	231.3	118.43
Comprehensive Income & Other	-28.04	-49.56	-33.97	-23.36	-6.45	-1.33
Total Common Equity	1,323	1,326	922.81	811	714.64	592.3
Minority Interest	-	0.17	-1	-1.99	-1.31	-0.57
Shareholders' Equity	1,323	1,326	921.81	809	713.33	591.73
Total Liabilities & Equity	2,058	2,117	1,852	1,842	1,661	1,164

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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Total Debt	231.82	230.92	356.76	318.28	143.04	6.37
Net Cash (Debt)	218.21	312.03	-39.12	5.18	424.81	437.39
Net Cash Growth	-23.16%	-	-	-98.78%	-2.88%	212.98%
Net Cash Per Share	1.55	2.27	-0.37	0.05	4.05	5.27
Filing Date Shares Outstanding	140.48	140.48	140.48	105.36	104.95	105.36
Total Common Shares Outstanding	140.48	140.48	105.36	105.36	104.95	105.36
Working Capital	617.89	629.13	344.07	266.39	384.12	303.4
Book Value Per Share	9.42	9.44	8.76	7.70	6.81	5.62
Tangible Book Value	1,236	1,236	830.21	723.01	628.05	542.2
Tangible Book Value Per Share	8.80	8.80	7.88	6.86	5.98	5.15
Buildings	224.33	224.33	57.84	57.84	-	-
Machinery	94.32	91.62	71.38	70.03	-	-
Construction In Progress	514.6	500.07	609.52	541.19	-	-