SHE:001288 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	1,053	1,695	1,370	1,445	891.39	817.76
Trading Asset Securities	128.44	6.27	130	40.05	-	149.7
Cash & Short-Term Investments	1,182	1,701	1,500	1,486	891.39	967.46
Cash Growth	23.48%	13.46%	0.95%	66.65%	-7.86%	138.36%
Accounts Receivable	1,480	1,858	1,561	1,161	1,064	926.34
Other Receivables	41.41	30.02	177.79	75.39	26.96	14.3
Receivables	1,521	1,888	1,739	1,236	1,091	940.65
Inventory	744.78	431.62	325.24	182	86.09	56.47
Other Current Assets	969.33	110.63	353.55	22.09	22.35	12.29
Total Current Assets	4,417	4,132	3,917	2,926	2,091	1,977
Property, Plant & Equipment	932.57	760.05	526.55	333.65	261.39	156.98
Long-Term Investments	212.21	165.72	-	182.3	175.42	180.87
Goodwill	113.52	113.52	126.74	-	-	-
Other Intangible Assets	132.09	135.04	124.53	54.19	39.23	39.15
Long-Term Accounts Receivable	-	238.37	119.15	-	-	-
Long-Term Deferred Tax Assets	56.96	52.93	54.42	42.52	38.94	29.27
Long-Term Deferred Charges	13.93	18.97	24.55	0.71	1.12	-
Other Long-Term Assets	233.89	57.35	19.18	1.51	14.17	1.08
Total Assets	6,112	5,674	4,912	3,540	2,621	2,384

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	1,261	1,051	1,297	670.94	592.57	458.78
Accrued Expenses	24.37	65	53.31	27.53	34.75	27.14
Short-Term Debt	55.02	65.03	31.03	-	-	20
Current Portion of Long-Term Debt	297.66	236.04	88.03	-	-	-
Current Portion of Leases	-	12.89	7.89	3.43	4.5	-
Current Income Taxes Payable	10.84	39.64	38.97	10.17	13.21	11.9
Current Unearned Revenue	267.05	117.51	179.86	108.38	79.32	52.23
Other Current Liabilities	70.33	43.28	63.4	15.27	13	9.17
Total Current Liabilities	1,987	1,630	1,759	835.72	737.34	579.22
Long-Term Debt	1,520	1,444	767.14	555.71	-	-
Long-Term Leases	21.12	21.36	24.27	0.45	4.19	-
Long-Term Unearned Revenue	73.05	69.6	22.64	21.93	15.68	13.42
Long-Term Deferred Tax Liabilities	6.49	6.14	36.34	51.86	22.33	21.59
Other Long-Term Liabilities	1.1	3.02	-	-	-	-
Total Liabilities	3,609	3,175	2,610	1,466	779.54	614.23

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	233.76	234.88	166.87	160	160	160
Additional Paid-In Capital	706.29	707.57	791.52	689.33	688.71	690.31
Retained Earnings	1,326	1,335	1,181	939.78	853.49	783.23
Treasury Stock	-8.62	-17.4	-91.86	-	-	-
Comprehensive Income & Other	127.94	127.49	145.18	285.72	133.18	136.45
Total Common Equity	2,385	2,387	2,193	2,075	1,835	1,770
Minority Interest	118.14	111.29	110.13	-	6.09	-
Shareholders' Equity	2,504	2,499	2,303	2,075	1,841	1,770
Total Liabilities & Equity	6,112	5,674	4,912	3,540	2,621	2,384

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	1,894	1,780	918.36	559.59	8.68	20
Net Cash (Debt)	-712.18	-78.31	581.25	925.95	882.71	947.46
Net Cash Growth	-	-	-37.23%	4.90%	-6.83%	177.94%
Net Cash Per Share	-2.69	-0.30	2.55	4.14	3.95	5.32
Filing Date Shares Outstanding	237.72	232.98	230.18	224	224	224
Total Common Shares Outstanding	237.72	232.98	230.18	224	224	224
Working Capital	2,430	2,501	2,158	2,090	1,353	1,398
Book Value Per Share	10.03	10.25	9.53	9.26	8.19	7.90
Tangible Book Value	2,140	2,139	1,942	2,021	1,796	1,731
Tangible Book Value Per Share	9.00	9.18	8.43	9.02	8.02	7.73
Buildings	-	433.39	431.47	260.02	240.06	240.06
Machinery	-	320.33	267.48	121.94	85.09	81.73
Construction In Progress	-	281.61	59.63	138.21	101.34	0.25