SHE:002976 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	187.13	784.39	102.73	154.17	158.54	250.93
Trading Asset Securities	314.56	16.25	17.44	66.84	120.55	58.1
Cash & Short-Term Investments	501.69	800.64	120.17	221.01	279.09	309.03
Cash Growth	167.25%	566.25%	-45.63%	-20.81%	-9.69%	-33.27%
Accounts Receivable	832.98	880.09	832.66	633.22	580.81	251.18
Other Receivables	4.06	0.06	0.12	0.19	0.15	11.02
Receivables	837.04	880.15	832.78	633.41	580.96	262.2
Inventory	491.49	425.82	403.7	329.8	280.75	170.94
Prepaid Expenses	-	-	0	0	-	-
Other Current Assets	44.62	39.83	40.75	84.42	113.48	13.94
Total Current Assets	1,875	2,146	1,397	1,269	1,254	756.11
Property, Plant & Equipment	633.31	659.05	691.25	637.01	477.99	319.66
Long-Term Investments	3.04	7.57	35.75	0.65	-	-
Goodwill	80.89	81.03	85.34	85.69	86.01	4.9
Other Intangible Assets	93.65	100	82.08	57.84	60.14	35.38
Long-Term Deferred Tax Assets	61.08	45.03	28.95	16.96	12.07	5.64
Long-Term Deferred Charges	11.61	13.89	14.56	14.51	4.37	2.32
Other Long-Term Assets	57.69	31.05	31.29	33.74	16.17	8.73
Total Assets	2,816	3,084	2,367	2,115	1,911	1,133

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	823.59	794.32	787.86	655.92	514.86	203.02
Accrued Expenses	30.21	61.07	57.77	41.76	43.08	19.14
Short-Term Debt	174.12	330.16	148.25	144.08	94.89	5
Current Portion of Long-Term Debt	145.39	114.12	171.18	7.25	41.74	20.09
Current Portion of Leases	-	7.55	9.89	7.96	8.61	3.48
Current Income Taxes Payable	12.54	2.5	5.72	4.74	10.36	1.02
Current Unearned Revenue	7.89	9.01	5.59	0.91	0.58	5.63
Other Current Liabilities	59.97	84.99	10.84	15.93	18.88	3.35
Total Current Liabilities	1,254	1,404	1,197	878.54	733.01	260.74
Long-Term Debt	87.02	189.08	107.54	160.27	181.42	60
Long-Term Leases	23.41	6.29	10.59	18.81	21.6	10.85
Long-Term Unearned Revenue	14.18	15.26	11.45	13.48	6.26	4.97
Long-Term Deferred Tax Liabilities	4.41	4.92	3.71	3.54	9.34	6.89
Other Long-Term Liabilities	-	-	116.66	112.88	109.22	-
Total Liabilities	1,383	1,619	1,447	1,188	1,061	343.44

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	194.61	149.7	121.17	120.65	120	120
Additional Paid-In Capital	981.43	1,021	347.52	349.96	333.29	436.24
Retained Earnings	298.19	314.34	306.45	349.86	298.18	231.45
Comprehensive Income & Other	-39.49	-32.58	-2.01	2.31	1.6	-2.97
Total Common Equity	1,435	1,453	773.12	822.79	753.07	784.73
Minority Interest	-1.37	12.14	146.47	104.76	97.14	4.57
Shareholders' Equity	1,433	1,465	919.59	927.54	850.21	789.29
Total Liabilities & Equity	2,816	3,084	2,367	2,115	1,911	1,133

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	429.94	647.19	447.44	338.36	348.27	99.42
Net Cash (Debt)	71.75	153.44	-327.27	-117.36	-69.17	209.61
Net Cash Growth	-	-	-	-	-	-46.30%
Net Cash Per Share	0.38	0.90	-2.09	-0.75	-0.44	1.34
Filing Date Shares Outstanding	204.29	194.61	157.52	156.85	156	156
Total Common Shares Outstanding	204.29	194.61	157.52	156.85	156	156
Working Capital	621.11	742.72	200.31	390.1	521.28	495.37
Book Value Per Share	7.02	7.46	4.91	5.25	4.83	5.03
Tangible Book Value	1,260	1,272	605.7	679.25	606.92	744.45
Tangible Book Value Per Share	6.17	6.53	3.85	4.33	3.89	4.77
Buildings	-	253.95	253.81	290.03	167.06	86.24
Machinery	-	622.12	523.53	406.03	330.8	284.03
Construction In Progress	-	59.22	119.28	128.6	120.97	77.48