SHE:300188 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	996.44	1,442	1,274	1,333	1,431	922.98
Cash & Short-Term Investments	996.44	1,442	1,274	1,333	1,431	922.98
Cash Growth	5.71%	13.18%	-4.46%	-6.82%	55.04%	-24.89%
Accounts Receivable	1,025	1,133	1,527	1,650	1,712	1,234
Other Receivables	63.46	-	-	-	-	100.91
Receivables	1,088	1,140	1,534	1,659	1,718	1,335
Inventory	323.43	262.51	394.03	619.47	610.28	606.02
Prepaid Expenses	-	0.74	0.76	3.63	0.87	1.85
Other Current Assets	248.61	118.45	77.68	96.91	135.48	130.81
Total Current Assets	2,657	2,963	3,281	3,712	3,896	2,996
Property, Plant & Equipment	595.58	606.45	670.07	510.9	530.16	579.8
Long-Term Investments	308.64	348.63	367.11	328.46	347.75	344.54
Goodwill	89.01	89.01	271.11	434.78	542.2	542.2
Other Intangible Assets	123.66	166.67	274.55	265.78	262.32	179.16
Long-Term Accounts Receivable	-	47.14	96.39	117.01	66.72	29.35
Long-Term Deferred Tax Assets	130.58	130.03	207.47	179.86	109.91	68.44
Long-Term Deferred Charges	110.26	121.64	59.52	130.72	145.99	154.59
Other Long-Term Assets	111.43	58.13	51.29	-	-	0.94
Total Assets	4,126	4,531	5,278	5,679	5,901	4,895

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	500.37	657.19	643.74	692.08	613.86	430.2
Accrued Expenses	38.25	122.39	70.04	99.65	109.71	245.55
Short-Term Debt	178.58	107.59	40.02	100.86	336.57	55.46
Current Portion of Long-Term Debt	28.7	1.3	-	-	-	2.62
Current Portion of Leases	-	14.1	26.99	20.84	16.85	22.64
Current Income Taxes Payable	9.67	4.86	4.66	3.41	15.25	20.61
Current Unearned Revenue	372.95	317.38	354.84	429.12	311.77	314.93
Other Current Liabilities	28.25	42.02	38.23	26.73	21.46	52.72
Total Current Liabilities	1,157	1,267	1,179	1,373	1,425	1,145
Long-Term Debt	83.56	63.14	49.43	49.83	-	17.99
Long-Term Leases	286.97	301.01	328.85	103.38	92.7	96.84
Long-Term Unearned Revenue	37.69	39.18	52.28	50.43	51.59	59.28
Long-Term Deferred Tax Liabilities	31.69	39.01	63.27	38.56	23.34	12.37
Other Long-Term Liabilities	0.33	2.25	-	-	-	-
Total Liabilities	1,597	1,711	1,672	1,615	1,593	1,331

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	859.48	859.48	859.48	859.48	859.48	807.09
Additional Paid-In Capital	1,325	1,325	1,334	1,334	1,337	745.4
Retained Earnings	203.9	458.73	1,241	1,657	1,901	1,850
Treasury Stock	-50	-50	-	-	-	-29.46
Comprehensive Income & Other	37.46	64.67	74.02	108.66	108.19	106.19
Total Common Equity	2,375	2,657	3,508	3,959	4,206	3,479
Minority Interest	153.68	162.15	97.72	105.17	102.08	85.06
Shareholders' Equity	2,529	2,820	3,606	4,065	4,308	3,564
Total Liabilities & Equity	4,126	4,531	5,278	5,679	5,901	4,895

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	577.82	487.13	445.29	274.92	446.12	195.56
Net Cash (Debt)	418.63	954.7	828.65	1,058	984.87	727.42
Net Cash Growth	-10.70%	15.21%	-21.71%	7.47%	35.39%	-39.62%
Net Cash Per Share	0.48	1.11	0.96	1.24	1.20	0.91
Filing Date Shares Outstanding	866.28	855.69	859.48	859.48	859.48	807.12
Total Common Shares Outstanding	866.28	855.69	859.48	859.48	859.48	807.09
Working Capital	1,500	1,697	2,102	2,339	2,471	1,852
Book Value Per Share	2.74	3.11	4.08	4.61	4.89	4.31
Tangible Book Value	2,163	2,402	2,962	3,259	3,401	2,758
Tangible Book Value Per Share	2.50	2.81	3.45	3.79	3.96	3.42
Buildings	-	404.41	447.38	509.48	508.88	505.34
Machinery	-	314.73	269.45	263.22	247.9	235.38
Construction In Progress	-	0.09	22.42	-	1.13	2.11