SHE:300173 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	291.25	304.19	243.86	378.02	310.22	556.16
Trading Asset Securities	-	-	-	-	80.13	0
Cash & Short-Term Investments	291.25	304.19	243.86	378.02	390.35	556.16
Cash Growth	-10.85%	24.74%	-35.49%	-3.16%	-29.81%	50.33%
Accounts Receivable	749.7	719.27	828.57	790.56	805.69	813.38
Other Receivables	56.18	55.7	59.24	27.77	74.92	145.6
Receivables	805.87	774.97	887.81	818.33	880.61	958.98
Inventory	1,625	1,247	1,470	1,907	1,922	1,848
Other Current Assets	255.26	255.14	242.48	260.09	158.05	206.45
Total Current Assets	2,977	2,581	2,844	3,364	3,351	3,570
Property, Plant & Equipment	189.37	199.29	399.05	355.3	293.44	340.84
Long-Term Investments	188.91	185.25	183.26	103.64	105.95	100.51
Goodwill	217.99	217.99	384.48	384.48	384.48	399.84
Other Intangible Assets	13.67	16.65	22.81	29.01	111.9	124.33
Long-Term Accounts Receivable	-	-	-	-	4.87	42.96
Long-Term Deferred Tax Assets	62.63	49.8	36.45	25.05	31.33	51.96
Long-Term Deferred Charges	35.22	36.24	39.82	44.51	49.29	50.26
Other Long-Term Assets	12.69	12.33	30.8	50.74	109.14	108.48
Total Assets	3,698	3,298	3,941	4,356	4,442	4,789

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	980.45	702.52	576.2	820.87	958.26	1,069
Accrued Expenses	81.63	106.75	92.59	112.75	129.19	87.23
Short-Term Debt	110	215.48	665.17	775.27	785.78	895.3
Current Portion of Long-Term Debt	138.33	26.27	17.83	1.48	0.68	10.34
Current Portion of Leases	16.17	15.31	14.18	14.24	18.43	19.88
Current Income Taxes Payable	0.49	2.23	2.54	2.31	0.06	0.47
Current Unearned Revenue	907.38	658.48	987.8	1,188	1,268	1,008
Other Current Liabilities	115.41	108.52	83.07	216.28	89.77	110.36
Total Current Liabilities	2,350	1,836	2,439	3,131	3,250	3,200
Long-Term Debt	484.64	526.73	254.61	62.67	88.49	82
Long-Term Leases	70.04	77.04	92.94	91.82	109.62	146.36
Long-Term Unearned Revenue	12	12	12	13.8	14.3	3.63
Long-Term Deferred Tax Liabilities	1.36	1.64	2.19	3.04	3.14	7.56
Other Long-Term Liabilities	2.93	3.22	37.69	43.3	46.73	3.86
Total Liabilities	2,921	2,456	2,839	3,346	3,512	3,444

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	734.73	734.73	734.73	734.73	734.73	734.73
Additional Paid-In Capital	1,419	1,419	1,419	1,417	1,463	1,499
Retained Earnings	-1,383	-1,317	-1,194	-1,278	-1,348	-1,042
Comprehensive Income & Other	-	-	26.67	26.67	-	-
Total Common Equity	771.12	837.36	986.52	900.7	850	1,191
Minority Interest	5.83	4.93	115.27	110.05	79.58	153.99
Shareholders' Equity	776.95	842.29	1,102	1,011	929.58	1,345
Total Liabilities & Equity	3,698	3,298	3,941	4,356	4,442	4,789

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	819.18	860.84	1,045	945.49	1,003	1,154
Net Cash (Debt)	-527.93	-556.65	-800.87	-567.47	-612.63	-597.72
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.73	-0.77	-1.06	-0.81	-0.84	-0.81
Filing Date Shares Outstanding	734.73	734.73	734.73	734.73	734.73	734.73
Total Common Shares Outstanding	734.73	734.73	734.73	734.73	734.73	734.73
Working Capital	627.44	745.37	404.55	232.66	101.46	369.27
Book Value Per Share	1.05	1.14	1.34	1.23	1.16	1.62
Tangible Book Value	539.46	602.72	579.24	487.22	353.62	666.88
Tangible Book Value Per Share	0.73	0.82	0.79	0.66	0.48	0.91
Buildings	-	-	-	10.81	2.44	2.44
Machinery	202.52	203.16	202.17	216.08	216.4	225.69
Construction In Progress	1.99	-	163.24	101.75	19.54	19.68