SHE:300048 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	1,005	1,406	1,251	668.16	523.57	294.1
Trading Asset Securities	100.26	150.01	-	-	-	-
Cash & Short-Term Investments	1,105	1,556	1,251	668.16	523.57	294.1
Cash Growth	-33.52%	24.44%	87.19%	27.62%	78.03%	30.63%
Accounts Receivable	2,205	1,445	1,260	1,010	919.79	666.96
Other Receivables	187.26	40.45	21.82	8.06	18.51	169.81
Receivables	2,392	1,485	1,282	1,018	938.3	836.77
Inventory	917.11	674.27	994.96	418.42	273.57	282.97
Prepaid Expenses	-	8.06	6.99	2.42	-	-
Other Current Assets	256.8	247.38	62.66	49.7	86.16	63.18
Total Current Assets	4,671	3,971	3,598	2,157	1,822	1,477
Property, Plant & Equipment	643.85	641.08	826.58	799.76	740.04	760.63
Long-Term Investments	33.66	27.05	32.85	35.18	38.55	42.54
Goodwill	25.79	25.79	25.79	31.61	31.61	31.61
Other Intangible Assets	146.56	165.72	93.8	113.01	124.47	144.17
Long-Term Deferred Tax Assets	72.04	42.68	25.03	18.32	14.5	21.77
Long-Term Deferred Charges	13.17	14.74	13.82	4.42	2.58	0.58
Other Long-Term Assets	151.23	29.7	18.28	7.2	4.69	6.45
Total Assets	5,757	4,918	4,634	3,166	2,778	2,485

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	3,156	2,397	2,315	1,056	580.59	349.45
Accrued Expenses	67.89	128.39	112.06	88.58	71.96	63.67
Current Portion of Long-Term Debt	1.23	-	-	-	10.76	29.81
Current Portion of Leases	-	5.81	10.71	0.94	6.8	-
Current Income Taxes Payable	19.21	1.16	15.9	9.22	5.44	1.71
Current Unearned Revenue	274.65	151.31	125.69	113.16	89.75	94.61
Other Current Liabilities	250.45	236.47	251.76	122.37	64.35	54.19
Total Current Liabilities	3,769	2,921	2,831	1,390	829.65	593.44
Long-Term Debt	-	-	-	-	-	14.72
Long-Term Leases	67.08	67.02	35.67	43.32	40.92	44.84
Long-Term Unearned Revenue	14.79	4.93	0.05	2.31	2.55	3.81
Long-Term Deferred Tax Liabilities	0.14	0	0.04	-	0.03	0.16
Other Long-Term Liabilities	46.94	35.64	5.02	7.27	-	-
Total Liabilities	3,898	3,028	2,872	1,443	873.14	656.98

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	1,132	1,128	1,117	1,114	1,108	1,102
Additional Paid-In Capital	994.19	971.9	921.55	904.85	878.97	850.11
Retained Earnings	-332.86	-267.38	-329.39	-339.69	-119.56	-145.52
Comprehensive Income & Other	-11.45	-11.45	-5.65	-3.32	0.05	-5.16
Total Common Equity	1,782	1,821	1,703	1,676	1,868	1,802
Minority Interest	76.55	68.32	58.27	47.12	37.12	26.16
Shareholders' Equity	1,859	1,890	1,761	1,723	1,905	1,828
Total Liabilities & Equity	5,757	4,918	4,634	3,166	2,778	2,485

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	68.31	72.82	46.38	44.26	58.47	89.38
Net Cash (Debt)	1,037	1,484	1,204	623.9	465.1	204.72
Net Cash Growth	-34.46%	23.19%	93.04%	34.14%	127.18%	698.28%
Net Cash Per Share	1.00	1.44	1.17	0.57	0.36	0.20
Filing Date Shares Outstanding	1,138	1,128	1,117	1,114	1,108	1,102
Total Common Shares Outstanding	1,138	1,128	1,117	1,114	1,108	1,102
Working Capital	901.41	1,051	766.13	766.11	991.94	883.58
Book Value Per Share	1.57	1.61	1.53	1.50	1.69	1.63
Tangible Book Value	1,610	1,630	1,584	1,531	1,712	1,626
Tangible Book Value Per Share	1.41	1.44	1.42	1.37	1.54	1.48
Buildings	-	145.9	325.03	426.85	421.37	354.84
Machinery	-	538.58	615.01	528.56	496.98	497.26
Construction In Progress	-	101.54	121.56	58.27	6.2	57.36