SHE:301622 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	497.91	803.28	301.64	359.04	145.12
Trading Asset Securities	4.33	-	-	-	65
Cash & Short-Term Investments	502.24	803.28	301.64	359.04	210.12
Cash Growth	-37.48%	166.30%	-15.99%	70.88%	9.62%
Accounts Receivable	591.17	480.65	363.87	394.38	251.04
Other Receivables	13.8	7.47	9.01	4.16	0.8
Receivables	604.96	488.12	372.88	398.55	251.84
Inventory	465.45	299.53	227.54	280.63	165.08
Other Current Assets	23.68	30.43	20.98	18.34	4.22
Total Current Assets	1,596	1,621	923.05	1,057	631.26
Property, Plant & Equipment	706.8	562.75	481.09	245.99	133.16
Other Intangible Assets	86.78	29.4	31.29	31.76	30.43
Long-Term Deferred Tax Assets	4.78	3.77	16.54	16.56	13.96
Long-Term Deferred Charges	50.59	29.86	12.61	14.54	14.45
Other Long-Term Assets	35.65	18.85	4.03	10.45	11.14
Total Assets	2,481	2,266	1,469	1,376	834.39
Accounts Payable	645.59	421.57	342.05	499.7	265.21
Accrued Expenses	36.47	34.79	25.1	24.18	14.91
Short-Term Debt	113.05	109.92	205.33	152.95	14.85
Current Portion of Long-Term Debt	11.71	5.85	0.41	-	-
Current Portion of Leases	-	16.81	18.2	17.26	7.95
Current Income Taxes Payable	7.57	5.21	1.06	5.27	5.12
Current Unearned Revenue	6.4	26.43	0.09	0.09	0.56
Other Current Liabilities	19.93	23.06	7.65	10.37	20.28
Total Current Liabilities	840.72	643.64	599.89	709.83	328.88
Long-Term Debt	-	76.04	50.54	-	-
Long-Term Leases	22.68	13.58	14.48	15.38	17.45
Long-Term Unearned Revenue	45.5	44.87	47.89	44.55	50.45
Long-Term Deferred Tax Liabilities	-	1.97	18.93	7.09	3.47
Total Liabilities	908.89	780.1	731.73	776.85	400.25
Common Stock	115.93	115.93	86.95	86.95	86.95
Additional Paid-In Capital	680.56	680.56	138.96	138.96	138.96
Retained Earnings	773.52	688.35	511.08	372.74	208.07
Comprehensive Income & Other	-1.49	1.03	-0.11	0.36	0.16
Total Common Equity	1,569	1,486	736.88	599.01	434.14
Minority Interest	3.53	-	-	-	-
Shareholders' Equity	1,572	1,486	736.88	599.01	434.14
Total Liabilities & Equity	2,481	2,266	1,469	1,376	834.39
Total Debt	147.44	222.19	288.96	185.59	40.26
Net Cash (Debt)	354.8	581.09	12.68	173.46	169.86
Net Cash Growth	-38.94%	4481.19%	-92.69%	2.12%	7.71%
Net Cash Per Share	3.05	6.69	0.15	1.99	1.95
Filing Date Shares Outstanding	118.82	115.93	86.95	86.95	86.95
Total Common Shares Outstanding	118.82	115.93	86.95	86.95	86.95
Working Capital	755.62	977.71	323.16	346.73	302.37
Book Value Per Share	13.20	12.82	8.47	6.89	4.99
Tangible Book Value	1,482	1,456	705.59	567.24	403.71
Tangible Book Value Per Share	12.47	12.56	8.11	6.52	4.64
Buildings	-	201.96	56.44	0.45	0.45
Machinery	-	412.83	291.78	169.96	113.53
Construction In Progress	-	14.32	163.12	82.89	14.55

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