SHE:300322 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	289.19	227.14	353.96	454.54	627.63	606.4
Trading Asset Securities	113.13	157.7	-	-	-	-
Cash & Short-Term Investments	402.31	384.85	353.96	454.54	627.63	606.4
Cash Growth	-16.22%	8.73%	-22.13%	-27.58%	3.50%	-34.28%
Accounts Receivable	1,315	1,285	963	759.1	646.79	727.5
Other Receivables	17.56	21.1	20.68	12.12	31.47	25.27
Receivables	1,332	1,306	983.68	771.22	678.26	752.77
Inventory	569.25	528.99	383.59	277.07	313.08	328.9
Prepaid Expenses	-	-	-	-	-	0.11
Other Current Assets	172	151.15	197.52	118.56	136.09	159.02
Total Current Assets	2,476	2,371	1,919	1,621	1,755	1,847
Property, Plant & Equipment	769.02	737.12	642.32	695.53	742.18	658.26
Long-Term Investments	178.7	178.7	180.04	200	236.29	182.85
Goodwill	18.97	18.97	18.97	40.82	50.43	50.92
Other Intangible Assets	199.36	203.46	192.07	195.32	54.57	54.99
Long-Term Deferred Tax Assets	69.02	67.49	65.42	76.27	68.78	36.86
Long-Term Deferred Charges	38.01	36.58	25.92	31.27	37.46	27.59
Other Long-Term Assets	1.75	3.82	20.71	22.93	49.4	39.25
Total Assets	3,751	3,617	3,064	2,884	2,994	2,898

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	790.75	837.89	523.38	451.63	518.7	517.17
Accrued Expenses	81.02	89.86	71.58	58.8	60.55	40.09
Short-Term Debt	1,168	993.81	960.62	813.03	538.35	582.31
Current Portion of Long-Term Debt	84.02	81.37	99.19	109.32	114.8	43.4
Current Portion of Leases	7.77	6.68	7.01	5.64	3.83	10.18
Current Income Taxes Payable	2.98	4.81	1.44	2.91	5.18	2.63
Current Unearned Revenue	12.61	9.15	8.06	8.67	5.3	4.86
Other Current Liabilities	98.13	92.72	147.34	56.18	113.06	35.07
Total Current Liabilities	2,246	2,116	1,819	1,506	1,360	1,236
Long-Term Debt	272.69	286.5	100.45	134.62	172.46	129.98
Long-Term Leases	34.52	35.5	9.23	14.9	17.87	15.31
Long-Term Unearned Revenue	86.01	91.71	104.9	125.91	137.57	81.22
Long-Term Deferred Tax Liabilities	-	-	-	8.24	8.54	4.7
Total Liabilities	2,639	2,530	2,033	1,790	1,696	1,467

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	460.04	460.04	465.75	465.75	465.75	465.75
Additional Paid-In Capital	545.72	545.72	610.05	610.85	613.67	612.83
Retained Earnings	29.13	3.85	-60.83	3.62	198.19	295.5
Treasury Stock	-	-	-50.01	-50.01	-50.01	-
Comprehensive Income & Other	-3.27	-0.54	3.41	3.85	3.41	2.63
Total Common Equity	1,032	1,009	968.36	1,034	1,231	1,377
Minority Interest	80.05	77.73	62.64	59.64	66.92	54.29
Shareholders' Equity	1,112	1,087	1,031	1,094	1,298	1,431
Total Liabilities & Equity	3,751	3,617	3,064	2,884	2,994	2,898

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	1,567	1,404	1,176	1,078	847.32	781.18
Net Cash (Debt)	-1,165	-1,019	-822.53	-622.97	-219.69	-174.78
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-2.45	-2.21	-1.79	-1.34	-0.48	-0.37
Filing Date Shares Outstanding	460.04	460.04	460.81	460.81	460.81	465.75
Total Common Shares Outstanding	460.04	460.04	460.81	460.81	460.81	465.75
Working Capital	230.06	254.35	100.11	115.22	395.27	611.5
Book Value Per Share	2.24	2.19	2.10	2.24	2.67	2.96
Tangible Book Value	813.29	786.63	757.32	797.92	1,126	1,271
Tangible Book Value Per Share	1.77	1.71	1.64	1.73	2.44	2.73
Buildings	427.66	437.45	353.66	408.13	381.77	279.8
Machinery	714.31	691.4	640.77	648.35	659.86	554.21
Construction In Progress	88.51	44.59	71.89	24.11	40.73	103.19