SHE:300287 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	49.38	99.07	123.33	115.1	131.22	187.76
Cash & Short-Term Investments	49.38	99.07	123.33	115.1	131.22	187.76
Cash Growth	-52.85%	-19.66%	7.15%	-12.29%	-30.11%	-16.90%
Accounts Receivable	394.04	427.18	653.57	752.05	1,047	1,060
Other Receivables	45.3	51.51	73.9	79.62	100.61	144.32
Receivables	439.34	478.69	727.47	831.67	1,147	1,204
Inventory	148.37	190.02	262.59	390.59	346.04	467.41
Prepaid Expenses	2.18	0.77	1.17	0.68	1.27	16.56
Other Current Assets	17.29	36.02	58.99	125.56	146.89	140.03
Total Current Assets	656.57	804.58	1,174	1,464	1,773	2,016
Property, Plant & Equipment	612.34	633.36	654.9	671.57	667.91	537.75
Long-Term Investments	267.25	267.51	271.88	272.82	300.62	323.51
Goodwill	-	-	7.54	14.19	59.8	59.8
Other Intangible Assets	32.33	33.33	39.95	43.31	44.49	110.56
Long-Term Accounts Receivable	19.15	23.33	31.91	42.3	30.08	52.71
Long-Term Deferred Tax Assets	24.17	23.78	28.9	27.79	26.65	141.38
Long-Term Deferred Charges	0.56	0.39	0.69	0.37	2.31	4.37
Other Long-Term Assets	124.15	126.63	132.55	144.52	164.35	172.13
Total Assets	1,737	1,913	2,342	2,680	3,069	3,418

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	379.48	463.68	618.32	708.67	742.2	707.64
Accrued Expenses	112.89	109.26	156.58	154.83	169.42	109.39
Short-Term Debt	18.5	18.5	16.59	16.45	35.5	7.76
Current Portion of Long-Term Debt	0.87	0.6	2.57	3.49	2.83	-
Current Portion of Leases	8.08	7.94	0.43	12.04	16.39	15.9
Current Income Taxes Payable	4.57	5.13	5.08	5.23	5.02	5.55
Current Unearned Revenue	143.11	162.74	237.27	273.97	276.72	234.09
Other Current Liabilities	74.97	86.65	97.28	86.88	98.7	135.77
Total Current Liabilities	742.47	854.49	1,134	1,262	1,347	1,216
Long-Term Debt	4.9	2.9	2.73	-	2.35	-
Long-Term Leases	6.91	8.22	0.17	0.66	8.9	26.37
Long-Term Unearned Revenue	9.82	10.02	10.42	12.36	14.31	16.25
Long-Term Deferred Tax Liabilities	17.78	18.87	17.89	20.8	24.04	20.75
Other Long-Term Liabilities	1.83	6.51	6.13	7.19	12.48	6.72
Total Liabilities	783.71	901.02	1,171	1,303	1,409	1,286

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	1,435	1,435	1,435	1,435	1,435	1,435
Additional Paid-In Capital	3,307	3,307	3,307	3,307	3,307	3,305
Retained Earnings	-3,765	-3,706	-3,549	-3,342	-3,060	-2,591
Comprehensive Income & Other	-17.36	-17.42	-17.62	-17.83	-17.89	-18.17
Total Common Equity	960.2	1,019	1,176	1,383	1,664	2,131
Minority Interest	-7.38	-7.06	-5.15	-4.67	-4.23	0.71
Shareholders' Equity	952.82	1,012	1,170	1,378	1,660	2,132
Total Liabilities & Equity	1,737	1,913	2,342	2,680	3,069	3,418

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	39.27	38.16	22.49	32.64	65.97	50.03
Net Cash (Debt)	10.11	60.91	100.83	82.46	65.25	137.72
Net Cash Growth	-85.84%	-39.59%	22.29%	26.37%	-52.62%	-11.68%
Net Cash Per Share	0.01	0.04	0.07	0.06	0.05	0.10
Filing Date Shares Outstanding	1,435	1,435	1,435	1,435	1,435	1,435
Total Common Shares Outstanding	1,435	1,435	1,435	1,435	1,435	1,435
Working Capital	-85.9	-49.92	39.41	202.06	425.86	799.88
Book Value Per Share	0.67	0.71	0.82	0.96	1.16	1.48
Tangible Book Value	927.87	985.62	1,128	1,325	1,560	1,961
Tangible Book Value Per Share	0.65	0.69	0.79	0.92	1.09	1.37
Buildings	480.75	480.75	483.89	207.39	207.39	207.38
Machinery	304.27	307.53	315.53	270.14	274.7	276.28
Construction In Progress	75.63	75.17	73.95	371.42	330.36	158.76