SHE:300385 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	190.27	187.81	225.7	267.96	268.8	269.79
Short-Term Investments	-	-	-	-	-	20
Trading Asset Securities	-	-	54.73	77.04	68	56
Cash & Short-Term Investments	190.27	187.81	280.42	345	336.8	345.79
Cash Growth	-15.16%	-33.03%	-18.72%	2.44%	-2.60%	-18.81%
Accounts Receivable	478.24	617.63	1,029	1,280	1,159	1,049
Other Receivables	21.12	13.64	19.29	24.26	17.43	8.58
Receivables	499.36	631.27	1,048	1,305	1,176	1,057
Inventory	396.67	402.59	472.71	370.97	413.07	846.16
Other Current Assets	48.94	46.73	41.07	74.53	66.99	57.91
Total Current Assets	1,135	1,268	1,842	2,095	1,993	2,307
Property, Plant & Equipment	395.25	418.44	475.61	571.02	606.85	619.66
Long-Term Investments	9.17	9.17	9.17	9.3	9.17	23.77
Goodwill	202.81	202.81	202.81	382.7	382.7	486.56
Other Intangible Assets	109.72	111.44	122.23	129.33	134.77	139.15
Long-Term Deferred Tax Assets	70.8	71.46	70.42	63.2	43.87	32.08
Long-Term Deferred Charges	7	6.65	8.06	13.73	14.84	16.23
Other Long-Term Assets	52.69	53.17	4.43	4.58	-	-
Total Assets	1,983	2,142	2,735	3,269	3,185	3,625

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	540.37	554.44	845.47	893.87	826.33	944.6
Accrued Expenses	229.91	33.23	40.47	81.48	64.27	45.09
Short-Term Debt	320.36	485.84	373.8	288.23	222.28	324.6
Current Portion of Long-Term Debt	292.88	305.13	336.98	254.61	48.1	10.1
Current Income Taxes Payable	0.47	1.42	1.48	2.78	6.64	1.47
Current Unearned Revenue	251.8	280.52	294.4	221.26	106.09	504.59
Other Current Liabilities	147.48	154.94	165.79	168.47	274.83	84
Total Current Liabilities	1,783	1,816	2,058	1,911	1,549	1,914
Long-Term Debt	115.09	144.28	281.98	527.57	644.68	446.76
Long-Term Unearned Revenue	5.86	6.58	8.04	9.5	10.95	12.65
Long-Term Deferred Tax Liabilities	7.94	7.94	0.19	0.21	0.2	0.2
Other Long-Term Liabilities	66.32	71.59	77.48	37.61	144.3	109.45
Total Liabilities	1,978	2,046	2,426	2,486	2,349	2,484

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	333.15	333.15	333.15	333.15	333.15	333.15
Additional Paid-In Capital	284.37	284.37	284.37	284.37	284.37	387.62
Retained Earnings	-686.76	-597.09	-365.02	99.31	146.09	262.68
Comprehensive Income & Other	10.85	10.85	-12.41	-12.41	-12.41	-
Total Common Equity	-58.38	31.29	240.09	704.42	751.2	983.45
Minority Interest	62.58	64.33	68.59	79.11	85.59	157.54
Shareholders' Equity	4.2	95.61	308.68	783.54	836.79	1,141
Total Liabilities & Equity	1,983	2,142	2,735	3,269	3,185	3,625

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	728.33	935.25	992.76	1,070	915.06	781.45
Net Cash (Debt)	-538.06	-747.45	-712.33	-725.4	-578.26	-435.67
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.62	-2.24	-2.14	-2.18	-1.74	-1.31
Filing Date Shares Outstanding	333.15	333.15	333.15	333.15	333.15	333.15
Total Common Shares Outstanding	333.15	333.15	333.15	333.15	333.15	333.15
Working Capital	-648.03	-547.14	-216.35	184.55	444.7	392.6
Book Value Per Share	-0.18	0.09	0.72	2.11	2.25	2.95
Tangible Book Value	-370.91	-282.97	-84.95	192.39	233.73	357.74
Tangible Book Value Per Share	-1.11	-0.85	-0.25	0.58	0.70	1.07
Buildings	501.9	501.9	534.65	550.57	550.57	550.57
Machinery	297.34	295.43	300.71	303.78	301.19	298.11
Construction In Progress	6.54	5.26	1.44	25.87	8.44	1.35