SHE:001239 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	Dec '21 Dec 31, 2021
Cash & Equivalents	373.12	237.11	338.75	618.21	20.4	68.3
Trading Asset Securities	298.43	215.72	270.19	-	2.24	4.86
Cash & Short-Term Investments	681.6	452.83	608.94	618.21	22.65	73.16
Cash Growth	0.83%	-25.64%	-1.50%	2629.80%	-69.05%	-20.61%
Accounts Receivable	1,468	1,396	1,559	694.24	437.29	314.6
Other Receivables	7.35	14.85	9.15	4.16	4.55	5.78
Receivables	1,475	1,411	1,568	698.41	441.84	320.38
Inventory	905.36	837.38	674.08	330.6	313.24	355.55
Prepaid Expenses	0.08	0.16	-	-	-	-
Other Current Assets	27.25	28.91	123.97	16.18	7.4	8.7
Total Current Assets	3,090	2,730	2,975	1,663	785.13	757.8
Property, Plant & Equipment	645.75	663.29	661.02	328.13	305.53	281.72
Long-Term Investments	320.78	307.85	-	-	-	-
Other Intangible Assets	132.36	136.75	143.78	40.11	41.41	43.26
Long-Term Accounts Receivable	126.15	128.18	112.92	73.21	77.42	63.58
Long-Term Deferred Tax Assets	38.37	31.57	24	10.27	10.15	9.78
Long-Term Deferred Charges	2.24	3.83	6.06	2.47	2.46	3.12
Other Long-Term Assets	34.32	12.8	18.4	11	6.32	11.37
Total Assets	4,390	4,014	3,941	2,129	1,228	1,171

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	Dec '21 Dec 31, 2021
Accounts Payable	844.3	567.84	546.76	208.37	167.33	200.1
Accrued Expenses	27.52	35.93	43.91	22.19	27.18	18.36
Short-Term Debt	327.73	246.95	324.32	98.08	24.62	70.43
Current Portion of Long-Term Debt	280.59	167.66	256.44	116.88	247.38	4.15
Current Portion of Leases	-	-	-	2.93	2.79	4.56
Current Income Taxes Payable	2.96	25.75	12.33	17.6	1.42	18.57
Current Unearned Revenue	1.66	2.03	2.66	0.45	1.09	1.21
Other Current Liabilities	87.99	107.02	166.12	17.51	12.75	52.74
Total Current Liabilities	1,573	1,153	1,353	484.01	484.56	370.12
Long-Term Debt	651.59	716.97	540.28	350.32	177.01	330.12
Long-Term Leases	-	-	-	5.43	8.69	11.18
Long-Term Unearned Revenue	63.44	67.16	53.85	41.23	46.17	51.11
Long-Term Deferred Tax Liabilities	34.13	36.3	54.48	19.41	12.92	0.53
Other Long-Term Liabilities	0.05	1.25	15.76	4.98	3.64	5.03
Total Liabilities	2,322	1,975	2,017	905.38	732.98	768.09

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	Dec '21 Dec 31, 2021
Common Stock	240	240	240	240	180	180
Additional Paid-In Capital	779.49	779.49	779.49	779.49	203.29	203.29
Retained Earnings	333.85	330.38	282.84	203.76	112.54	19.23
Comprehensive Income & Other	4.11	4.49	4.44	-0.06	-0.39	0.02
Total Common Equity	1,357	1,354	1,307	1,223	495.44	402.55
Minority Interest	710.34	685.21	617.41	-	-	-
Shareholders' Equity	2,068	2,040	1,924	1,223	495.44	402.55
Total Liabilities & Equity	4,390	4,014	3,941	2,129	1,228	1,171

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	Dec '21 Dec 31, 2021
Total Debt	1,260	1,132	1,121	573.64	460.48	420.44
Net Cash (Debt)	-578.31	-678.75	-512.11	44.57	-437.84	-347.28
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-2.41	-2.83	-2.13	0.25	-2.43	-1.93
Filing Date Shares Outstanding	240	240	240	240	180	180
Total Common Shares Outstanding	240	240	240	240	180	180
Working Capital	1,517	1,577	1,622	1,179	300.58	387.68
Book Value Per Share	5.66	5.64	5.44	5.10	2.75	2.24
Tangible Book Value	1,225	1,218	1,163	1,183	454.02	359.29
Tangible Book Value Per Share	5.10	5.07	4.85	4.93	2.52	2.00
Buildings	409.4	423.75	415.7	148.34	138.6	137.83
Machinery	869.56	853.68	806.24	381.35	353.61	312.77
Construction In Progress	14.7	10.3	15.32	26.17	9.29	2.09