SHE:300425 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	357.47	323.12	254.31	98.03	233.64	330.62
Trading Asset Securities	-	-	-	0.54	-	-
Cash & Short-Term Investments	357.47	323.12	254.31	98.57	233.64	330.62
Cash Growth	70.64%	27.06%	158.00%	-57.81%	-29.33%	-2.71%
Accounts Receivable	1,938	2,016	2,030	2,034	1,625	1,159
Other Receivables	18.14	16.18	42.27	16.39	18.18	19.93
Receivables	1,956	2,032	2,073	2,051	1,643	1,179
Inventory	256	228.88	285.83	307.64	312.16	346.79
Prepaid Expenses	-	2.44	7.98	-	-	6.17
Other Current Assets	113.23	60.27	54.1	48.93	46.31	54.88
Total Current Assets	2,683	2,647	2,675	2,506	2,235	1,917
Property, Plant & Equipment	464.57	488.64	543.2	601.82	609.77	509.55
Long-Term Investments	105.89	105.38	94.01	92.62	90.09	105.03
Goodwill	149.88	149.88	149.88	149.88	149.88	149.88
Other Intangible Assets	812.22	832.21	816.33	607.48	639.98	690.04
Long-Term Accounts Receivable	-	185.59	188.73	246.52	291.08	297.63
Long-Term Deferred Tax Assets	93.94	81.51	71.54	60.2	50.91	39.87
Long-Term Deferred Charges	83.03	104.41	133.21	40.28	53.62	60.2
Other Long-Term Assets	224.08	34.98	26.37	123.58	25.47	24.71
Total Assets	4,617	4,630	4,698	4,428	4,146	3,794

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	828.45	777.87	807.33	705.5	583.7	478.86
Accrued Expenses	18.58	66.21	76.83	106.61	122.6	106.51
Short-Term Debt	459	479.31	432	430.35	389.69	421
Current Portion of Long-Term Debt	55.27	22.05	123.41	83.52	40.98	65.39
Current Portion of Leases	-	31.15	14.2	23.77	23.67	8.13
Current Income Taxes Payable	18.02	7.24	11.74	17.19	12.23	8.82
Current Unearned Revenue	128.39	110.06	73.14	120.72	69.52	119.14
Other Current Liabilities	43.48	56.84	77.3	72.81	85.48	96.94
Total Current Liabilities	1,551	1,551	1,616	1,560	1,328	1,305
Long-Term Debt	278.37	287.5	318.23	270.21	339.43	213.91
Long-Term Leases	24.62	160.06	126.42	41.18	65.17	35.19
Long-Term Unearned Revenue	17.92	18.11	18.5	18.54	22.03	28.23
Long-Term Deferred Tax Liabilities	17.22	18.73	21.46	23.73	26.18	26.42
Other Long-Term Liabilities	171.31	44.38	46.49	42.13	36.49	25.88
Total Liabilities	2,061	2,080	2,147	1,956	1,817	1,634

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	682.22	682.22	682.22	675.71	675.71	675.71
Additional Paid-In Capital	509.7	509.7	509.7	498.59	492.53	486.62
Retained Earnings	1,157	1,152	1,157	1,103	974.11	819.65
Comprehensive Income & Other	20.59	21.1	21.14	20.08	22.59	21.06
Total Common Equity	2,369	2,365	2,371	2,297	2,165	2,003
Minority Interest	186.97	184.87	180.47	174.33	163.79	156.61
Shareholders' Equity	2,556	2,550	2,551	2,472	2,329	2,160
Total Liabilities & Equity	4,617	4,630	4,698	4,428	4,146	3,794

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	817.26	980.08	1,014	849.03	858.93	743.61
Net Cash (Debt)	-459.78	-656.96	-759.95	-750.46	-625.29	-412.99
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.68	-0.96	-1.12	-1.11	-0.93	-0.61
Filing Date Shares Outstanding	735.23	682.22	682.22	675.71	675.71	675.71
Total Common Shares Outstanding	735.23	682.22	682.22	675.71	675.71	675.71
Working Capital	1,132	1,096	1,059	945.17	907.22	612.37
Book Value Per Share	3.22	3.47	3.47	3.40	3.20	2.96
Tangible Book Value	1,407	1,383	1,404	1,540	1,375	1,163
Tangible Book Value Per Share	1.91	2.03	2.06	2.28	2.03	1.72
Buildings	-	468.99	483.22	397.29	402.77	274.8
Machinery	-	356.74	362.66	371.28	391.33	309.9
Construction In Progress	-	1.5	7.19	148.3	94.85	160.68
Order Backlog	-	80.85	-	-	-	-