SHE:003020 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	Dec '21 Dec 31, 2021
Cash & Equivalents	226.88	413.89	439.69	502.93	642.58	654.25
Short-Term Investments	-	-	10.67	-	-	-
Trading Asset Securities	325.58	40.27	58	61.52	0.12	0.13
Cash & Short-Term Investments	552.46	454.16	508.36	564.45	642.7	654.39
Cash Growth	27.96%	-10.66%	-9.94%	-12.17%	-1.79%	-14.64%
Accounts Receivable	396.97	487.5	415.63	295.19	321.02	318.37
Other Receivables	5.78	4.62	8.08	19.97	36.03	6.08
Receivables	402.76	492.12	423.7	315.16	357.05	324.45
Inventory	249.19	204.5	220.48	242.91	361.76	188.86
Prepaid Expenses	11.35	7.26	1.41	1.11	-	-
Other Current Assets	20.81	18.19	31.54	27.51	91.03	51.95
Total Current Assets	1,237	1,176	1,185	1,151	1,453	1,220
Property, Plant & Equipment	975.99	985.66	972.75	898.62	538.12	299.03
Long-Term Investments	168.37	196.77	194.11	180.39	14.4	20.71
Goodwill	74.44	74.44	74.44	74.44	-	-
Other Intangible Assets	94.1	97.61	105.24	113.29	83.38	89.51
Long-Term Deferred Tax Assets	17.32	15.81	14.51	16.13	8.58	5.86
Long-Term Deferred Charges	6.02	3.86	6.94	7.41	7.61	8.8
Other Long-Term Assets	41.77	35.43	32.49	42.26	16.76	30.9
Total Assets	2,615	2,586	2,586	2,484	2,121	1,674

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	Dec '21 Dec 31, 2021
Accounts Payable	340.71	349.46	347.53	301.25	460.66	242.93
Accrued Expenses	46.37	60.85	63.19	53.95	45.25	50.5
Short-Term Debt	60	50	50	50.05	-	-
Current Portion of Leases	2.35	2.54	4.36	4.54	10.03	-
Current Income Taxes Payable	7.45	7.47	9.08	15.53	12.71	6.05
Current Unearned Revenue	9.33	7.59	33.08	33.09	42.62	14.69
Other Current Liabilities	40.29	42.68	74.71	84.32	51.36	13.88
Total Current Liabilities	506.5	520.58	581.95	542.73	622.63	328.05
Long-Term Debt	78.1	59.64	59.65	31.01	-	-
Long-Term Leases	1.43	1.71	4.57	2.84	3.38	24.58
Long-Term Unearned Revenue	42.27	44.9	18.28	20.16	12.98	13.24
Long-Term Deferred Tax Liabilities	6.62	7.36	8.93	13.43	1.39	-
Other Long-Term Liabilities	-	-	-	-	1.16	4.66
Total Liabilities	634.92	634.19	673.38	610.18	641.53	370.53

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	Dec '21 Dec 31, 2021
Common Stock	228.22	190.18	191.57	159.68	122.47	92.64
Additional Paid-In Capital	472.01	510.05	518	551.89	554.93	526.16
Retained Earnings	1,140	1,109	1,038	994.95	829.51	685.11
Treasury Stock	-	-	-9.39	-20.99	-27.05	-
Total Common Equity	1,840	1,809	1,738	1,686	1,480	1,304
Minority Interest	139.57	142.69	174.71	187.97	-	-
Shareholders' Equity	1,980	1,952	1,913	1,873	1,480	1,304
Total Liabilities & Equity	2,615	2,586	2,586	2,484	2,121	1,674

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	Dec '21 Dec 31, 2021
Total Debt	141.88	113.9	118.58	88.44	13.41	24.58
Net Cash (Debt)	410.58	340.27	389.78	476	629.28	629.8
Net Cash Growth	30.44%	-12.70%	-18.11%	-24.36%	-0.08%	-17.84%
Net Cash Per Share	1.80	1.49	1.70	2.06	2.78	2.79
Filing Date Shares Outstanding	228.22	228.22	229.51	229.93	229.26	225.45
Total Common Shares Outstanding	228.22	228.22	229.89	229.93	229.26	225.45
Working Capital	730.06	655.66	603.54	608.42	829.92	891.59
Book Value Per Share	8.06	7.93	7.56	7.33	6.46	5.78
Tangible Book Value	1,672	1,637	1,558	1,498	1,396	1,214
Tangible Book Value Per Share	7.32	7.17	6.78	6.51	6.09	5.39
Buildings	763.14	753.46	547.66	395.67	140.12	127.89
Machinery	576.25	562.23	480.99	303.79	174.84	139.8
Construction In Progress	57.31	51.66	269.34	459.66	340.89	130.35