SHE:301656 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	2,355	2,967	1,826	1,411	1,072	387.42
Short-Term Investments	463.13	171.5	54.86	53.4	-	-
Trading Asset Securities	3,238	4,482	1,397	71.59	780.96	30.13
Cash & Short-Term Investments	6,056	7,620	3,278	1,536	1,853	417.55
Cash Growth	77.20%	132.48%	113.46%	-17.11%	343.68%	-
Accounts Receivable	7,132	6,985	6,915	4,847	2,859	2,254
Other Receivables	143.54	36.39	19.78	43.71	10.3	3.05
Receivables	7,276	7,022	6,935	4,891	2,870	2,257
Inventory	4,255	3,613	3,024	2,356	1,866	890.72
Other Current Assets	171.39	218.83	74.43	259	310.66	140.83
Total Current Assets	17,759	18,474	13,312	9,042	6,899	3,706
Property, Plant & Equipment	5,940	5,330	3,180	2,308	1,406	550.07
Long-Term Investments	840.78	793.53	398.06	181.23	100.26	50
Other Intangible Assets	216.71	225.27	161.56	132.83	117.81	53.76
Long-Term Accounts Receivable	42.9	52.8	57.82	31.83	20.05	16.12
Long-Term Deferred Tax Assets	562.83	415.71	360.41	315.52	217.26	100.7
Long-Term Deferred Charges	202.86	203.8	30.96	11.09	5.6	-
Other Long-Term Assets	366	303.47	571.25	274.42	321.09	137.8
Total Assets	25,931	25,798	18,072	12,297	9,087	4,615

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	13,798	12,667	10,019	6,806	4,002	2,206
Accrued Expenses	306.77	531.74	830.21	555.37	231.83	91.25
Short-Term Debt	-	800.19	16.1	-	274.01	-
Current Portion of Leases	98.91	90.13	48.9	16.65	16.1	8.42
Current Income Taxes Payable	80.06	14.09	53.86	20.79	-	-
Current Unearned Revenue	69.03	85.15	291.86	149.78	218.27	105.09
Other Current Liabilities	665.19	742.21	366.52	278.24	933.64	643.44
Total Current Liabilities	15,020	14,930	11,626	7,826	5,676	3,054
Long-Term Debt	666.13	479.9	874.06	215.74	-	-
Long-Term Leases	96.9	105.35	108.42	38.16	34.57	33.26
Long-Term Unearned Revenue	152.22	136.62	131.89	37.98	28.84	0.67
Long-Term Deferred Tax Liabilities	-	-	0	12.91	-	-
Other Long-Term Liabilities	563.89	547.96	495.6	285.52	194.88	162.02
Total Liabilities	16,500	16,200	13,236	8,417	5,934	3,250

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	2,405	2,405	2,116	2,116	2,000	1,100
Additional Paid-In Capital	4,763	4,742	1,425	1,394	1,582	514.54
Retained Earnings	2,247	2,438	1,305	369.14	-428.54	-249.59
Comprehensive Income & Other	16.73	12.69	-9.97	0.39	-	-
Total Common Equity	9,431	9,598	4,836	3,880	3,153	1,365
Minority Interest	-	-	-	-	-	-0.02
Shareholders' Equity	9,431	9,598	4,836	3,880	3,153	1,365
Total Liabilities & Equity	25,931	25,798	18,072	12,297	9,087	4,615

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	864.67	1,476	1,047	270.55	324.68	41.68
Net Cash (Debt)	5,192	6,145	2,230	1,265	1,528	375.88
Net Cash Growth	223.09%	175.50%	76.31%	-17.20%	306.49%	-
Net Cash Per Share	2.25	2.71	1.05	0.60	-	-
Filing Date Shares Outstanding	2,405	2,405	2,116	2,116	-	-
Total Common Shares Outstanding	2,405	2,405	2,116	2,116	-	-
Working Capital	2,739	3,543	1,686	1,215	1,224	652.42
Book Value Per Share	3.92	3.99	2.29	1.83	-	-
Tangible Book Value	9,215	9,373	4,674	3,747	3,036	1,311
Tangible Book Value Per Share	3.83	3.90	2.21	1.77	-	-
Buildings	693.29	693.09	519.1	486.74	179.45	-
Machinery	5,303	4,737	2,845	1,784	969.14	523.5
Construction In Progress	1,142	802.56	315.81	396.62	456.79	140.86