SHE:300351 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	1,102	1,285	512.78	683.22	753.49	733.64
Short-Term Investments	-	-	-	-	-	40
Trading Asset Securities	257.89	328.86	-	0.71	22.15	29.18
Cash & Short-Term Investments	1,360	1,614	512.78	683.93	775.63	802.82
Cash Growth	-12.75%	214.75%	-25.02%	-11.82%	-3.39%	25.75%
Accounts Receivable	1,371	1,333	1,335	1,161	1,072	797.47
Other Receivables	13.88	10.58	8.45	6.35	5.99	6.53
Receivables	1,385	1,343	1,343	1,168	1,078	804
Inventory	847.06	710.18	552.44	452.69	493.77	394.85
Prepaid Expenses	-	-	-	0.01	0.02	0.33
Other Current Assets	54.7	32.49	31.51	17.18	12.7	12.38
Total Current Assets	3,646	3,700	2,440	2,321	2,360	2,014
Property, Plant & Equipment	882.77	892.65	812.24	552.77	393.16	397.08
Long-Term Investments	139.14	110.26	124.96	121.39	104.15	100.95
Goodwill	3.04	3.04	3.04	3.04	3.04	3.05
Other Intangible Assets	118.21	119.32	123.51	125.24	92.32	78.23
Long-Term Deferred Tax Assets	5.76	2.76	6.13	7.12	11.2	12.95
Long-Term Deferred Charges	59.4	34.23	18.03	8.09	8.9	10.95
Other Long-Term Assets	47.31	38.96	42.26	59.7	66.45	59.81
Total Assets	4,902	4,901	3,570	3,199	3,040	2,677

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	1,167	1,015	852.64	625.84	587.31	383.33
Accrued Expenses	38.09	79.07	95.46	77.07	75.85	60.98
Short-Term Debt	36.44	18.47	0.01	0.9	1.9	3.12
Current Portion of Long-Term Debt	-	100.05	-	-	-	-
Current Portion of Leases	6.33	6.75	6.2	5.51	7.17	5.78
Current Income Taxes Payable	1.54	0.41	0.61	0.7	3.3	1.9
Current Unearned Revenue	23.06	24.28	18.09	12.37	9.48	9.36
Other Current Liabilities	64.32	72.91	51.6	78.1	41.77	25.4
Total Current Liabilities	1,337	1,317	1,025	800.5	726.79	489.88
Long-Term Debt	966.81	950.79	-	-	-	-
Long-Term Leases	3.96	4.9	7.96	5.59	4.21	6.09
Long-Term Unearned Revenue	56.03	52.77	37.5	31.03	33.19	36.79
Total Liabilities	2,364	2,325	1,070	837.11	764.19	532.76

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	388.91	388.9	387.92	386.79	385.16	383.64
Additional Paid-In Capital	1,777	1,760	1,793	1,760	1,782	1,795
Retained Earnings	275.19	307.13	267.9	180.78	79.72	-74.99
Treasury Stock	-0.31	-0.31	-4.06	-7.42	-10.56	-
Comprehensive Income & Other	40.03	41.62	-0	-	-	-
Total Common Equity	2,481	2,497	2,445	2,320	2,236	2,104
Minority Interest	56.21	78.28	55.55	41.37	39.18	40.94
Shareholders' Equity	2,537	2,576	2,500	2,362	2,275	2,145
Total Liabilities & Equity	4,902	4,901	3,570	3,199	3,040	2,677

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	1,014	1,081	14.17	12	13.28	14.98
Net Cash (Debt)	346	532.98	498.61	671.94	762.35	787.84
Net Cash Growth	-22.31%	6.89%	-25.80%	-11.86%	-3.23%	24.07%
Net Cash Per Share	0.88	1.36	1.27	1.73	1.97	2.06
Filing Date Shares Outstanding	388.91	388.91	387.92	386.79	385.16	383.64
Total Common Shares Outstanding	388.91	388.9	387.92	386.79	385.16	383.64
Working Capital	2,309	2,383	1,415	1,521	1,634	1,525
Book Value Per Share	6.38	6.42	6.30	6.00	5.81	5.48
Tangible Book Value	2,360	2,375	2,318	2,192	2,141	2,022
Tangible Book Value Per Share	6.07	6.11	5.98	5.67	5.56	5.27
Buildings	717.13	-	-	363	358.36	358.1
Machinery	636.96	582.04	445.52	380.4	325.99	287.21
Construction In Progress	103.63	107.3	225.37	168.77	16	11.79