SHE:300204 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	Dec '21 Dec 31, 2021
Cash & Equivalents	126.16	123.64	53.91	85.18	264.99	85.01
Trading Asset Securities	-	-	-	-	-	381.46
Cash & Short-Term Investments	126.16	123.64	53.91	85.18	264.99	466.47
Cash Growth	-27.14%	129.34%	-36.71%	-67.86%	-43.19%	-35.44%
Accounts Receivable	37.64	41.52	39.07	61.22	188.18	157.9
Other Receivables	0.92	1.22	0.64	1.14	1.38	1.18
Receivables	38.56	42.75	39.72	62.35	189.56	159.07
Inventory	16.88	19.3	22.18	20.93	18.83	25.01
Prepaid Expenses	0.03	0	0.01	0.01	-	-
Other Current Assets	66.74	66.97	61.8	70.41	55.69	37.9
Total Current Assets	248.37	252.65	177.62	238.89	529.06	688.44
Property, Plant & Equipment	201	211.79	235	261.36	290.58	312.43
Long-Term Investments	497.18	475.02	514.07	549.54	522.25	545.43
Goodwill	19.75	19.75	19.75	19.75	19.75	22.17
Other Intangible Assets	147.07	36.36	34.67	35.13	80.48	82.22
Long-Term Deferred Tax Assets	50.42	50.42	50.08	164	198.13	155.84
Long-Term Deferred Charges	107.35	186.77	117.84	62.57	26.97	5.29
Other Long-Term Assets	31.86	33.45	0.58	0.98	2.09	15.15
Total Assets	1,303	1,266	1,150	1,332	1,669	1,827

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	Dec '21 Dec 31, 2021
Accounts Payable	15.57	21.92	33.49	72.91	35.87	31.71
Accrued Expenses	38.73	52.69	67.71	83.85	158.73	150.01
Short-Term Debt	81.9	92.27	42.42	40.95	23.09	-
Current Portion of Leases	0.27	0.43	0.06	-	2.69	2.25
Current Income Taxes Payable	-	0	-	-	0.02	-
Current Unearned Revenue	0.96	1.26	3.89	2.86	3.27	1.34
Other Current Liabilities	6.24	6.99	6.88	7.6	8.1	11.33
Total Current Liabilities	143.68	175.55	154.45	208.17	231.77	196.64
Long-Term Leases	0.48	0.67	0.06	-	3.18	5.37
Long-Term Unearned Revenue	25.29	26.76	29.91	29.24	33.47	21.32
Long-Term Deferred Tax Liabilities	49.24	49.24	48.43	74.14	47.03	52.91
Other Long-Term Liabilities	213.22	207.27	-	-	-	-
Total Liabilities	511.97	459.48	232.85	311.55	315.45	276.25

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	Dec '21 Dec 31, 2021
Common Stock	477.77	477.77	477.77	477.77	475.36	476.03
Additional Paid-In Capital	558.6	558.6	570.95	534.46	519.36	536.44
Retained Earnings	-368.47	-327.12	-249.37	-83.63	314.62	510.98
Treasury Stock	-	-	-	-	-	-43.68
Comprehensive Income & Other	139.28	111.53	129.88	92.06	44.53	70.97
Total Common Equity	807.18	820.78	929.23	1,021	1,354	1,551
Minority Interest	-16.15	-14.06	-12.47	-	-	-
Shareholders' Equity	791.03	806.72	916.76	1,021	1,354	1,551
Total Liabilities & Equity	1,303	1,266	1,150	1,332	1,669	1,827

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	Dec '21 Dec 31, 2021
Total Debt	162.71	93.36	42.54	40.95	28.96	7.63
Net Cash (Debt)	-36.55	30.28	11.37	44.23	236.03	458.84
Net Cash Growth	-	166.24%	-74.28%	-81.26%	-48.56%	-31.98%
Net Cash Per Share	-0.08	0.06	0.02	0.09	0.49	0.97
Filing Date Shares Outstanding	477.77	477.77	477.77	477.77	475.36	472.66
Total Common Shares Outstanding	477.77	477.77	477.77	477.77	475.36	472.66
Working Capital	104.69	77.1	23.18	30.72	297.28	491.8
Book Value Per Share	1.69	1.72	1.94	2.14	2.85	3.28
Tangible Book Value	640.36	764.67	874.81	965.78	1,254	1,446
Tangible Book Value Per Share	1.34	1.60	1.83	2.02	2.64	3.06
Buildings	215.45	215.73	215.93	214.75	184.57	183.64
Machinery	303.38	302.85	317.62	318.38	254.98	246.28
Construction In Progress	-	-	-	-	87.82	85.48