SHE:300019 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	607.86	909.13	932.24	898.27	728.49	934.05
Short-Term Investments	-	163.3	21.97	-	-	-
Trading Asset Securities	22.02	70.1	-	100.32	224.19	-
Cash & Short-Term Investments	629.88	1,143	954.21	998.59	952.68	934.05
Cash Growth	-27.90%	19.74%	-4.44%	4.82%	1.99%	212.74%
Accounts Receivable	940.14	958.94	1,057	731.85	716.25	824.09
Other Receivables	70.08	57.81	73.61	4.32	4.67	5.73
Receivables	1,010	1,017	1,131	736.17	720.92	829.82
Inventory	626.17	466.16	482.16	314.9	275.94	369.76
Other Current Assets	25.66	32.05	72.15	32.24	11.31	48.07
Total Current Assets	2,292	2,657	2,639	2,082	1,961	2,182
Property, Plant & Equipment	1,105	1,092	1,060	792.9	672.63	626.5
Long-Term Investments	170.09	86.88	135.56	153.75	-	-
Goodwill	73.1	73.1	73.1	44.57	44.57	44.57
Other Intangible Assets	124.31	124.14	118.71	90.26	93.73	84.13
Long-Term Deferred Tax Assets	32.66	30.99	19.53	16.26	13.29	14.27
Long-Term Deferred Charges	28.38	26.69	26.6	21.29	1.61	0.8
Other Long-Term Assets	8.24	10.28	17.44	19.58	32.64	11.41
Total Assets	3,833	4,102	4,090	3,221	2,819	2,963

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	703.11	758.16	834.47	336.18	196.31	605.44
Accrued Expenses	91.02	136.03	111.14	57.96	68.09	72.1
Short-Term Debt	95.05	175.11	251.19	275.67	234.5	82
Current Portion of Long-Term Debt	7	19.01	23.02	2.8	-	-
Current Portion of Leases	2.35	2.34	0.98	1.15	1.25	1.33
Current Income Taxes Payable	8.13	22.3	13.15	12.23	11.9	12.93
Current Unearned Revenue	76.95	62.06	62.54	41.47	33.81	49.14
Other Current Liabilities	47.57	100.41	189.04	10.35	18.15	24.82
Total Current Liabilities	1,031	1,275	1,486	737.81	564.01	847.76
Long-Term Debt	-	-	-	17.22	-	-
Long-Term Leases	6.11	7	0.51	0.95	1.93	2.92
Long-Term Unearned Revenue	83.09	83.59	32.48	20.53	22.66	24.57
Long-Term Deferred Tax Liabilities	8.18	8.66	8.53	3.74	4.11	4.34
Other Long-Term Liabilities	22.98	18.4	3.5	1.69	1.62	2.14
Total Liabilities	1,152	1,393	1,531	781.94	594.35	881.72

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	393.12	393.12	393.12	391.06	391.09	391.13
Additional Paid-In Capital	-	823.45	833.74	837.06	826.01	824.42
Retained Earnings	1,457	1,483	1,323	1,202	1,005	871.65
Treasury Stock	-	-	-	-	-1.29	-8.27
Comprehensive Income & Other	832.1	9.04	10.25	7.98	4.53	2.72
Total Common Equity	2,682	2,709	2,560	2,439	2,225	2,082
Shareholders' Equity	2,682	2,709	2,560	2,439	2,225	2,082
Total Liabilities & Equity	3,833	4,102	4,090	3,221	2,819	2,963

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	110.51	203.46	275.68	297.8	237.68	86.25
Net Cash (Debt)	519.37	939.07	678.53	700.79	714.99	847.8
Net Cash Growth	-2.67%	38.40%	-3.18%	-1.99%	-15.67%	-
Net Cash Per Share	1.32	2.39	1.73	1.79	1.83	2.22
Filing Date Shares Outstanding	393.12	393.12	393.12	391.06	391.13	391.07
Total Common Shares Outstanding	393.12	393.12	393.12	391.06	391.13	391.07
Working Capital	1,261	1,382	1,154	1,344	1,397	1,334
Book Value Per Share	6.82	6.89	6.51	6.24	5.69	5.32
Tangible Book Value	2,484	2,512	2,368	2,304	2,087	1,953
Tangible Book Value Per Share	6.32	6.39	6.02	5.89	5.34	4.99
Buildings	827.61	799.44	662.5	476.91	468.15	412.22
Machinery	816.89	813.88	700.01	496.81	421.11	397.2
Construction In Progress	75.46	44.99	186.85	178.18	108.05	92.06