SHE:002899 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	Jan '22 Jan 1, 2022
Cash & Equivalents	275.11	291.55	476.86	390.78	387.25	647.76
Short-Term Investments	31.62	80	-	-	-	-
Trading Asset Securities	295.7	398.28	326.2	106.88	85.5	-
Cash & Short-Term Investments	602.43	769.84	803.06	497.66	472.74	647.76
Cash Growth	-8.20%	-4.14%	61.37%	5.27%	-27.02%	3.26%
Accounts Receivable	309.07	212.01	233.8	152.02	204.48	180.8
Other Receivables	11.85	14.29	19.57	14.19	10.56	9.48
Receivables	320.92	226.29	253.38	166.21	215.04	190.27
Inventory	230.84	222.16	237.54	193.81	161.08	192.87
Prepaid Expenses	-	-	-	-	-	0.93
Other Current Assets	26.5	13.87	16.04	17.41	39.02	31.87
Total Current Assets	1,181	1,232	1,310	875.09	887.89	1,064
Property, Plant & Equipment	1,367	1,389	1,418	1,243	906.25	545.48
Long-Term Investments	92.77	62.6	49.71	2.33	0.87	0.1
Goodwill	-	-	0.39	-	-	-
Other Intangible Assets	83.86	84.65	86.05	85.39	84.32	88.42
Long-Term Deferred Tax Assets	36.38	37.44	51	29.27	42.09	18.07
Long-Term Deferred Charges	8.37	8.97	3.52	0.04	0.04	1.11
Other Long-Term Assets	76.35	28.64	34.55	59.61	108.55	60.48
Total Assets	2,845	2,844	2,953	2,295	2,030	1,777

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	Jan '22 Jan 1, 2022
Accounts Payable	374.22	344.54	373.51	230.18	171.33	160.93
Accrued Expenses	12.18	24.47	23.69	18.7	15.62	7.95
Short-Term Debt	20.01	20.01	-	-	-	10.01
Current Portion of Long-Term Debt	94.72	134.36	116.02	58.19	83.14	-
Current Portion of Leases	3.58	1.57	0.81	0.27	0.51	3.24
Current Income Taxes Payable	0.54	0.05	0.11	-	0.02	0.54
Current Unearned Revenue	33.16	41.09	84.07	93.81	52.48	60.67
Other Current Liabilities	13.17	13.26	24.87	21.86	6.21	5.21
Total Current Liabilities	551.58	579.35	623.08	423.01	329.32	248.54
Long-Term Debt	515.74	473.06	586.28	627.43	535.37	402.12
Long-Term Leases	7.8	3.74	3.76	-	0.26	5.89
Long-Term Unearned Revenue	1.82	1.96	0.12	0.28	1.57	1.8
Long-Term Deferred Tax Liabilities	32.61	31.8	37.8	3.35	3.34	2.77
Other Long-Term Liabilities	-	-	-	-	-	19.13
Total Liabilities	1,110	1,090	1,251	1,054	869.86	680.25

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	Jan '22 Jan 1, 2022
Common Stock	147.8	147.8	147.8	120	120	120
Additional Paid-In Capital	977.1	977.1	977.1	625.23	625.23	625.23
Retained Earnings	657.54	646.22	594.22	495.5	414.9	351.87
Treasury Stock	-44.72	-15.34	-15.34	-	-	-
Comprehensive Income & Other	-2	-2	-2	-	-	-
Shareholders' Equity	1,736	1,754	1,702	1,241	1,160	1,097
Total Liabilities & Equity	2,845	2,844	2,953	2,295	2,030	1,777

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	Jan '22 Jan 1, 2022
Total Debt	641.85	632.75	706.87	685.88	619.28	421.26
Net Cash (Debt)	-39.42	137.09	96.19	-188.23	-146.54	226.5
Net Cash Growth	-	42.52%	-	-	-	-63.87%
Net Cash Per Share	-0.27	0.94	0.70	-1.56	-1.23	1.95
Filing Date Shares Outstanding	145.24	146.54	146.54	120	120	120
Total Common Shares Outstanding	145.24	146.54	146.54	120	120	120
Working Capital	629.1	652.81	686.94	452.08	558.57	815.17
Book Value Per Share	11.95	11.97	11.61	10.34	9.67	9.14
Tangible Book Value	1,652	1,669	1,615	1,155	1,076	1,009
Tangible Book Value Per Share	11.37	11.39	11.02	9.63	8.97	8.41
Buildings	1,147	1,139	1,138	225.43	171.41	195.23
Machinery	433.63	431.47	394.92	122.41	122.06	126.95
Construction In Progress	0.07	0.36	27.06	1,071	776.54	377.03