SHE:002943 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	206.12	227.41	213.2	137.96	433.52	84.98
Trading Asset Securities	-	-	-	-	10.12	-
Cash & Short-Term Investments	206.12	227.41	213.2	137.96	443.63	84.98
Cash Growth	-13.48%	6.66%	54.54%	-68.90%	422.06%	-40.23%
Accounts Receivable	477.53	795.91	848.48	891.7	677.1	371.12
Other Receivables	8.04	3.25	6.43	6.62	36.26	71.39
Receivables	485.57	799.16	854.91	898.32	713.36	442.5
Inventory	470.96	339.04	450.75	637.97	383.99	253.89
Prepaid Expenses	-	0.14	0.15	0.15	0.15	0.15
Other Current Assets	176.53	36.85	87.65	111.92	66.7	27.74
Total Current Assets	1,339	1,403	1,607	1,786	1,608	809.26
Property, Plant & Equipment	1,113	1,119	1,145	1,203	457.76	394.21
Long-Term Investments	2.87	2.73	3.43	5	-	-
Goodwill	-	-	-	7.1	7.1	7.1
Other Intangible Assets	124.54	126.47	124.64	142.29	69.34	73.7
Long-Term Accounts Receivable	-	9.07	18.78	58.71	10.51	10.12
Long-Term Deferred Tax Assets	35.3	28.44	32.94	52.61	29.66	20.21
Long-Term Deferred Charges	11.1	12.5	18.23	32.31	7.4	4.92
Other Long-Term Assets	39.47	30.02	23.6	60.04	46.63	24.78
Total Assets	2,665	2,731	2,973	3,347	2,236	1,344

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	427.31	463.66	490.69	657.52	333.43	222.12
Accrued Expenses	11.65	24.75	17.04	26.47	18.24	12.23
Short-Term Debt	136.23	76.85	203.02	181.08	177.37	44.89
Current Portion of Long-Term Debt	257.22	283.45	125.74	8.01	4.7	2
Current Portion of Leases	-	11.17	11.33	13.05	1.7	1.92
Current Income Taxes Payable	0.37	0	0	0.39	7.92	3.19
Current Unearned Revenue	212.5	136.99	270.72	275.89	103.4	64.03
Other Current Liabilities	88.5	97.23	119.69	268.68	157.24	84.55
Total Current Liabilities	1,134	1,094	1,238	1,431	803.99	434.93
Long-Term Debt	295.06	326.46	454.14	122.81	77.37	47.06
Long-Term Leases	1.69	326.39	316.44	307.59	3.01	4.99
Long-Term Unearned Revenue	97.35	97.1	88.01	81.87	89.54	76.08
Long-Term Deferred Tax Liabilities	1.75	2.17	5.08	12.03	4.41	1.47
Total Liabilities	1,860	1,846	2,102	1,955	978.32	564.53

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	266.84	205.46	204.87	156.92	120	100
Additional Paid-In Capital	651.13	710.25	702	733.22	777.42	446.83
Retained Earnings	-71.71	0.63	-12.52	425.06	312	214.7
Treasury Stock	-31.08	-31.08	-31.08	-	-	-
Comprehensive Income & Other	-2.56	-2.56	-1.57	-	-	-
Total Common Equity	812.62	882.71	861.71	1,315	1,209	761.54
Minority Interest	-7.5	1.79	9.42	76.4	48.48	18.24
Shareholders' Equity	805.12	884.49	871.13	1,392	1,258	779.78
Total Liabilities & Equity	2,665	2,731	2,973	3,347	2,236	1,344

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	690.2	1,024	1,111	632.54	264.14	100.85
Net Cash (Debt)	-484.08	-796.91	-897.47	-494.58	179.49	-15.88
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.83	-3.01	-3.70	-1.87	0.82	-0.07
Filing Date Shares Outstanding	144.11	265.01	264.25	265.2	263.64	219.7
Total Common Shares Outstanding	144.11	265.01	264.25	265.2	263.64	219.7
Working Capital	205.41	308.51	368.43	355.23	803.83	374.33
Book Value Per Share	5.64	3.33	3.26	4.96	4.59	3.47
Tangible Book Value	688.08	756.24	737.07	1,166	1,133	680.74
Tangible Book Value Per Share	4.77	2.85	2.79	4.40	4.30	3.10
Buildings	-	-	-	568.54	267.21	274.84
Machinery	-	516.8	463.72	558.79	216.51	156.99
Construction In Progress	-	143.61	208.57	157.61	50.61	22.33