SHE:301603 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	378.2	358.51	382.59	163.94	90.8	91.05
Trading Asset Securities	-	-	50.18	-	-	-
Cash & Short-Term Investments	378.2	358.51	432.76	163.94	90.8	91.05
Cash Growth	38.33%	-17.16%	163.99%	80.55%	-0.27%	-33.07%
Accounts Receivable	1,801	1,396	1,021	751.36	689.4	560.69
Other Receivables	133.39	82.98	132.49	8.17	24.81	25.3
Receivables	1,935	1,479	1,154	759.54	714.21	586.35
Inventory	1,239	1,035	848.32	487.02	561.84	575.19
Prepaid Expenses	0.92	0.22	0.31	-	2.3	0.44
Other Current Assets	106.85	45.26	39.95	76.32	65.47	43.35
Total Current Assets	3,659	2,918	2,475	1,487	1,435	1,296
Property, Plant & Equipment	614.76	609.92	582.82	482.51	390.35	261.49
Long-Term Investments	18.57	50.31	29.44	22.93	16.93	12.13
Goodwill	13.18	0.19	0.19	0.19	0.19	0.19
Other Intangible Assets	173.54	87.12	85.99	87.8	62.59	64.76
Long-Term Accounts Receivable	201.71	152.03	102.57	58.74	20.2	11.12
Long-Term Deferred Tax Assets	52.84	38.65	33.41	19.55	18.26	15.84
Long-Term Deferred Charges	4.81	3.78	4.04	4.09	3.51	5.68
Other Long-Term Assets	22.82	20.38	8.73	10.39	13.7	7.49
Total Assets	4,762	3,880	3,322	2,173	1,960	1,675

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	1,175	891.14	823.15	594.86	352.17	374.81
Accrued Expenses	123.56	121.77	93.76	70.46	76.84	66.43
Short-Term Debt	10.83	6.6	25.22	13.33	46.62	-
Current Portion of Long-Term Debt	0.41	-	-	-	20	-
Current Portion of Leases	13.99	11.98	14.07	9.61	9.6	9.94
Current Income Taxes Payable	37.37	18.77	13.42	10.03	5.64	31.03
Current Unearned Revenue	293.72	160.35	99.17	47.41	80.47	93.74
Other Current Liabilities	363.51	239.75	152.13	153.97	236.85	211.46
Total Current Liabilities	2,018	1,450	1,221	899.68	828.18	787.41
Long-Term Debt	9.6	-	-	-	41.96	11.12
Long-Term Leases	17.46	15.15	18.14	3.23	4.06	9.04
Long-Term Unearned Revenue	9.81	10.4	7.45	9	3.01	3.06
Long-Term Deferred Tax Liabilities	5.23	-	0.01	-	5.98	1.66
Other Long-Term Liabilities	10.57	8.15	5.5	3.76	2.64	1.85
Total Liabilities	2,071	1,484	1,252	915.66	885.83	814.14

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	120.76	120.76	120.76	90.57	90.57	90.57
Additional Paid-In Capital	1,091	1,075	1,075	392.57	387.01	370.12
Retained Earnings	1,422	1,173	845.86	737.22	568.06	377.49
Comprehensive Income & Other	23.95	22.05	20.97	15.74	11.3	8.22
Total Common Equity	2,658	2,391	2,063	1,236	1,057	846.41
Minority Interest	32.65	5.52	7.68	21.23	17.58	14.53
Shareholders' Equity	2,690	2,396	2,070	1,257	1,075	860.94
Total Liabilities & Equity	4,762	3,880	3,322	2,173	1,960	1,675

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	52.3	33.74	57.43	26.18	122.24	30.1
Net Cash (Debt)	325.9	324.77	375.33	137.76	-31.45	60.94
Net Cash Growth	46.58%	-13.47%	172.46%	-	-	-55.20%
Net Cash Per Share	2.70	2.69	3.64	1.52	-0.35	0.67
Filing Date Shares Outstanding	120.76	120.76	120.76	120.76	90.75	90.57
Total Common Shares Outstanding	120.76	120.76	120.76	90.57	90.75	90.57
Working Capital	1,641	1,467	1,254	587.14	606.44	508.96
Book Value Per Share	22.01	19.80	17.08	13.65	11.65	9.35
Tangible Book Value	2,471	2,303	1,976	1,148	994.15	781.46
Tangible Book Value Per Share	20.46	19.07	16.37	12.68	10.96	8.63
Buildings	432.61	429.25	335.71	293.89	85.42	82.69
Machinery	322.17	303.65	258.54	204.34	146.27	103.91
Construction In Progress	18.81	13.93	83.6	63.24	212.09	103.83