SHE:001228 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	673.39	1,147	793.9	1,108	713.12	222.44
Trading Asset Securities	12	8.21	54.39	125	50	-
Cash & Short-Term Investments	685.39	1,155	848.28	1,233	763.12	222.44
Cash Growth	7.63%	36.16%	-31.19%	61.54%	243.07%	140.04%
Accounts Receivable	1,070	1,002	742.18	512.84	420.39	488.05
Other Receivables	56.79	129.37	22.72	29.67	30.49	14.32
Receivables	1,127	1,132	764.9	542.52	450.88	502.37
Inventory	405.36	1,090	255.56	179.02	5.01	10.85
Other Current Assets	900.94	328.15	385.49	433.73	78.33	17.82
Total Current Assets	3,119	3,705	2,254	2,388	1,297	753.47
Property, Plant & Equipment	892.28	848.08	687.59	591.21	359.61	213.24
Long-Term Investments	124.87	116.11	114.27	173.3	44.98	3.36
Goodwill	209.63	209.63	226.31	224.22	155.44	140.07
Other Intangible Assets	382.74	388.65	387.58	383.33	287.06	168.96
Long-Term Accounts Receivable	-	18.71	30.49	13.09	-	-
Long-Term Deferred Tax Assets	80.93	65.08	48.1	28.71	13.33	12.12
Long-Term Deferred Charges	4.71	5.27	3.27	4.6	1.9	1.35
Other Long-Term Assets	100.64	87.96	75.08	111.67	33.35	25.78
Total Assets	4,914	5,445	3,827	3,918	2,193	1,318

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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Accounts Payable	494.58	639.68	686.24	1,253	188.25	292.61
Accrued Expenses	29.24	55.76	42.31	39.69	42.22	27.95
Short-Term Debt	1,953	2,468	904.99	342.53	105.08	176.02
Current Portion of Long-Term Debt	24.91	19.3	23.17	-	-	-
Current Portion of Leases	-	10.94	7.74	8.5	4.48	3.84
Current Income Taxes Payable	27.78	26.54	23.89	15.68	24.22	20.34
Current Unearned Revenue	140.61	45.95	77.26	111.56	6.96	5.55
Other Current Liabilities	88.82	66.58	90.7	87.96	39.16	12.76
Total Current Liabilities	2,759	3,333	1,856	1,859	410.38	539.07
Long-Term Debt	96.76	98.13	46.08	65.26	-	-
Long-Term Leases	147.21	119.54	50.17	56.2	12.7	8.93
Long-Term Deferred Tax Liabilities	64.3	59.27	55.22	59.35	28.84	15.16
Other Long-Term Liabilities	0.09	0.14	1.11	-	-	-
Total Liabilities	3,068	3,610	2,009	2,040	451.93	563.16

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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Common Stock	103.86	103.86	103.86	103.86	103.86	77.89
Additional Paid-In Capital	919.59	918.96	916.04	916.04	916.04	280.93
Retained Earnings	788.14	769.86	722.59	732.94	614.14	351.71
Treasury Stock	-101.11	-101.11	-51	-	-	-
Comprehensive Income & Other	-	-	-	0.97	-	-
Total Common Equity	1,710	1,692	1,691	1,754	1,634	710.54
Minority Interest	136.35	143.31	126.54	124.72	107.02	44.65
Shareholders' Equity	1,847	1,835	1,818	1,879	1,741	755.19
Total Liabilities & Equity	4,914	5,445	3,827	3,918	2,193	1,318

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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Total Debt	2,222	2,716	1,032	472.49	122.26	188.78
Net Cash (Debt)	-1,537	-1,561	-183.86	760.24	640.86	33.65
Net Cash Growth	-	-	-	18.63%	1804.29%	-
Net Cash Per Share	-14.63	-15.05	-1.80	7.30	6.74	0.43
Filing Date Shares Outstanding	104.31	99.31	101.58	102.47	103.86	77.34
Total Common Shares Outstanding	104.31	99.31	101.58	103.86	103.86	77.34
Working Capital	359.41	372.48	397.93	529.21	886.94	214.4
Book Value Per Share	16.40	17.03	16.65	16.89	15.73	9.19
Tangible Book Value	1,118	1,093	1,078	1,146	1,192	401.51
Tangible Book Value Per Share	10.72	11.01	10.61	11.04	11.47	5.19
Buildings	-	588.67	494.74	479.32	371.6	203.15
Machinery	-	444.84	365.94	248.41	109.16	78.85
Construction In Progress	-	13.54	51.6	50.24	8.65	7.39