SHE:300180 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	231.97	185.7	422.27	436.98	415.86	480.8
Short-Term Investments	10.36	32.01	-	-	-	-
Trading Asset Securities	1	4	0.52	2.1	137	13.43
Cash & Short-Term Investments	243.33	221.72	422.79	439.08	552.86	494.23
Cash Growth	-41.34%	-47.56%	-3.71%	-20.58%	11.86%	36.36%
Accounts Receivable	885.83	915.45	1,033	1,038	772.1	712.42
Other Receivables	8.97	17.57	9.08	65.89	47.67	17.42
Receivables	894.8	933.02	1,042	1,104	819.77	729.84
Inventory	749.9	716.49	836.17	717.46	988.22	937.98
Other Current Assets	94.05	97.73	115.66	124.1	131.71	272.48
Total Current Assets	1,982	1,969	2,417	2,385	2,493	2,435
Property, Plant & Equipment	3,051	3,220	3,598	3,980	4,328	4,332
Long-Term Investments	219.14	214.32	201.52	358.7	191.77	227.58
Goodwill	118.3	118.3	156.92	227.28	347.05	693.31
Other Intangible Assets	431.78	438.92	445.68	454.9	469.92	485.47
Long-Term Deferred Tax Assets	90.76	90.9	98.96	98.89	71.74	52.2
Long-Term Deferred Charges	33.37	37.99	38.11	32.99	28.07	26.31
Other Long-Term Assets	56.45	32.63	96.12	39.58	60.91	118.87
Total Assets	5,983	6,122	7,051	7,577	7,990	8,371

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	634.05	567.39	696.04	512.48	597.2	585.65
Accrued Expenses	58.09	71.54	82.4	67.5	65.13	83.86
Short-Term Debt	414.91	596.45	894.69	1,318	1,245	1,124
Current Portion of Long-Term Debt	-	-	457.37	263.49	235	210
Current Portion of Leases	3.38	3.61	5.07	3.56	6.01	3.78
Current Income Taxes Payable	0.04	0.02	0.01	0.42	0.02	0.1
Current Unearned Revenue	46.08	53.28	107.4	37.75	61.06	66.77
Other Current Liabilities	10.09	19.75	18.75	11.8	14.63	19.23
Total Current Liabilities	1,167	1,312	2,262	2,215	2,224	2,094
Long-Term Debt	-	-	-	620	779.91	864.9
Long-Term Leases	10.73	12.68	6.88	0.69	3.72	4.82
Long-Term Unearned Revenue	81.66	102.03	142.74	183.59	221.48	261.53
Long-Term Deferred Tax Liabilities	-	-	0.01	-	-	0
Other Long-Term Liabilities	15.62	9.29	6.86	1.59	0.55	0.55
Total Liabilities	1,275	1,436	2,418	3,021	3,229	3,225

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	1,761	1,761	1,761	1,761	1,761	1,761
Additional Paid-In Capital	2,584	2,584	2,584	2,584	2,584	2,584
Retained Earnings	420.27	397.26	339.3	268.18	479.97	834.25
Comprehensive Income & Other	-57.69	-59.76	-55.18	-60.59	-67.56	-37.8
Total Common Equity	4,708	4,683	4,630	4,553	4,758	5,142
Minority Interest	0.29	3.36	3.68	3.56	2.98	3.31
Shareholders' Equity	4,708	4,686	4,633	4,557	4,761	5,145
Total Liabilities & Equity	5,983	6,122	7,051	7,577	7,990	8,371

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	429.01	612.74	1,364	2,206	2,269	2,208
Net Cash (Debt)	-185.68	-391.03	-941.21	-1,766	-1,717	-1,714
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.11	-0.22	-0.53	-1.00	-0.97	-1.09
Filing Date Shares Outstanding	1,761	1,761	1,761	1,761	1,761	1,761
Total Common Shares Outstanding	1,761	1,761	1,761	1,761	1,761	1,761
Working Capital	815.44	656.9	154.82	170.17	268.73	340.85
Book Value Per Share	2.67	2.66	2.63	2.59	2.70	2.92
Tangible Book Value	4,158	4,126	4,027	3,871	3,941	3,963
Tangible Book Value Per Share	2.36	2.34	2.29	2.20	2.24	2.25
Buildings	1,884	1,882	1,857	1,827	1,805	1,574
Machinery	4,683	4,640	4,709	4,701	4,207	3,596
Construction In Progress	73.11	84.09	62.19	86.15	501.09	936.53