SHE:003011 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	172.25	229.27	272.66	235.08	373.41	327.85
Short-Term Investments	-	-	-	-	-	0.01
Trading Asset Securities	36.37	144.37	49.03	-	-	-
Cash & Short-Term Investments	208.61	373.65	321.7	235.08	373.41	327.86
Cash Growth	-53.50%	16.15%	36.84%	-37.05%	13.89%	-45.97%
Accounts Receivable	300.89	259.11	267.08	308.99	378.87	316.38
Other Receivables	78.73	55.31	24.4	22.7	27.21	35.74
Receivables	379.62	314.42	291.48	331.69	406.07	352.12
Inventory	211.41	253.22	250.4	386.44	346.6	419.76
Prepaid Expenses	-	-	-	7.64	1.65	-
Other Current Assets	71.01	74.83	46.19	37.42	21.27	46.25
Total Current Assets	870.66	1,016	909.77	998.27	1,149	1,146
Property, Plant & Equipment	821.21	879.35	992.99	1,112	1,109	905.08
Long-Term Investments	47.36	44.08	46.81	47.8	48.18	34.19
Other Intangible Assets	127.91	130.17	147.65	153.31	136.37	136.09
Long-Term Deferred Tax Assets	6.35	6.24	5.07	3.13	3.39	5.11
Long-Term Deferred Charges	2.31	4.22	3.58	4	4.72	8.49
Other Long-Term Assets	30.57	25.43	27.54	22.22	34.09	38.38
Total Assets	1,906	2,106	2,133	2,341	2,485	2,273

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	145.37	152.65	159.84	239.45	284.78	267.54
Accrued Expenses	11.65	31.87	39.31	65.83	39.97	41.76
Short-Term Debt	233.42	342.85	359.79	541.29	586.7	585.87
Current Portion of Long-Term Debt	5.23	22.92	5.81	30.03	60.79	29.6
Current Portion of Leases	-	7.93	7.8	5.28	3.78	9.86
Current Income Taxes Payable	6.05	1.49	2.54	6.91	0.81	2.16
Current Unearned Revenue	5.69	4.4	4.53	3.06	3.28	2.9
Other Current Liabilities	95.76	27.79	7.48	19.06	9.53	15.03
Total Current Liabilities	503.17	591.91	587.1	910.91	989.65	954.72
Long-Term Debt	4.5	90.66	113.3	-	-	0.69
Long-Term Leases	9.07	11.21	14.99	9.26	35.71	45.03
Long-Term Unearned Revenue	1.92	1.94	-	-	-	-
Long-Term Deferred Tax Liabilities	-	0.01	0.75	0.15	0.04	0.11
Total Liabilities	518.67	695.72	716.15	920.33	1,025	1,001

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	102.68	102.68	102.68	102.68	102.68	102.68
Additional Paid-In Capital	709.1	719.83	718.85	719.37	718.98	718.98
Retained Earnings	675.59	668.79	630.33	641.23	656.08	473.67
Treasury Stock	-24.05	-22.51	-21.55	-40	-26.22	-
Comprehensive Income & Other	-75.62	-58.9	-13.04	-2.8	8.02	-22.55
Shareholders' Equity	1,388	1,410	1,417	1,420	1,460	1,273
Total Liabilities & Equity	1,906	2,106	2,133	2,341	2,485	2,273

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	252.22	475.57	501.69	585.87	686.98	671.05
Net Cash (Debt)	-43.61	-101.92	-179.99	-350.78	-313.57	-343.19
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.43	-1.00	-1.76	-3.46	-3.06	-3.33
Filing Date Shares Outstanding	98.83	100.73	101.68	101.68	100.82	102.68
Total Common Shares Outstanding	98.83	101.65	101.68	100.82	101.45	102.68
Working Capital	367.49	424.21	322.67	87.36	159.35	191.28
Book Value Per Share	14.04	13.87	13.94	14.09	14.39	12.40
Tangible Book Value	1,260	1,280	1,270	1,267	1,323	1,137
Tangible Book Value Per Share	12.75	12.59	12.49	12.57	13.04	11.07
Buildings	-	659.99	682.97	684.05	442.92	197.4
Machinery	-	596.71	602.39	647.99	469.7	420.28
Construction In Progress	-	48.78	55.37	47.83	363.06	386.2