SHE:301696 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	196.42	145.23	126.46	160.02
Trading Asset Securities	736.93	471.64	186.91	115.23
Cash & Short-Term Investments	933.35	616.86	313.38	275.24
Cash Growth	51.30%	96.84%	13.85%	-
Accounts Receivable	35.59	25.35	15.83	13.12
Other Receivables	6.12	5.59	0.42	1.01
Receivables	41.7	30.93	16.25	14.12
Inventory	182.26	155.94	105.59	92.52
Prepaid Expenses	0.03	-	-	-
Other Current Assets	48.7	15.11	10.5	6.06
Total Current Assets	1,206	818.85	445.72	387.95
Property, Plant & Equipment	172.01	122.79	122.29	42.12
Other Intangible Assets	8.95	8.58	1.97	1.96
Long-Term Deferred Tax Assets	4.97	1.72	1.58	1.79
Long-Term Deferred Charges	0.69	0.53	0.39	16.27
Other Long-Term Assets	3.19	1.75	1.41	0.25
Total Assets	1,396	954.22	573.37	450.33
Accounts Payable	54.45	28.38	29.55	12.41
Accrued Expenses	53.95	39.27	33.41	27.16
Short-Term Debt	0.12	-	-	-
Current Portion of Leases	3.52	3.98	2.89	6.55
Current Income Taxes Payable	15.73	11.42	6.91	13.46
Current Unearned Revenue	89.97	90.49	57.62	49
Other Current Liabilities	4.55	3.53	1.08	1.94
Total Current Liabilities	222.29	177.06	131.45	110.53
Long-Term Leases	5.06	6.44	9.12	15.51
Long-Term Unearned Revenue	5.15	0.95	0.54	0.67
Long-Term Deferred Tax Liabilities	0	-	-	0.01
Total Liabilities	232.5	184.46	141.11	126.72
Common Stock	360	360	360	30.14
Additional Paid-In Capital	23.44	12.34	8.07	102.63
Retained Earnings	776.48	395.12	62.62	189.3
Comprehensive Income & Other	-0.22	-	-	-
Total Common Equity	1,160	767.46	430.69	322.07
Minority Interest	3.64	2.3	1.57	1.54
Shareholders' Equity	1,163	769.76	432.25	323.61
Total Liabilities & Equity	1,396	954.22	573.37	450.33
Total Debt	8.7	10.42	12.02	22.06
Net Cash (Debt)	924.65	606.44	301.36	253.18
Net Cash Growth	52.47%	101.23%	19.03%	-
Net Cash Per Share	2.57	1.68	0.84	-
Filing Date Shares Outstanding	360	360	360	-
Total Common Shares Outstanding	360	360	360	-
Working Capital	983.76	641.79	314.26	277.42
Book Value Per Share	3.22	2.13	1.20	-
Tangible Book Value	1,151	758.88	428.71	320.11
Tangible Book Value Per Share	3.20	2.11	1.19	-
Buildings	78.82	78.82	78.82	7.53
Machinery	66.31	43.83	31.54	22.43
Construction In Progress	42.83	1.25	0.82	0.36

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