SHE:300446 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	2,362	2,764	2,638	3,014	656.66	40.11
Short-Term Investments	-	-	2.51	6.76	6.18	-
Trading Asset Securities	574.78	26.52	-	-	119.46	149.14
Cash & Short-Term Investments	2,937	2,791	2,641	3,021	782.29	189.24
Cash Growth	6.59%	5.68%	-12.57%	286.14%	313.39%	-46.73%
Accounts Receivable	2,794	3,437	2,417	2,522	2,133	29.64
Other Receivables	34.9	58.86	11.45	55.49	28.91	0.99
Receivables	2,828	3,496	2,429	2,577	2,242	116.24
Inventory	1,322	1,838	1,765	1,269	743.19	50.22
Prepaid Expenses	-	4.57	4.36	-	0	-
Other Current Assets	260.4	182.11	194.25	85.88	119.76	15.89
Total Current Assets	7,348	8,312	7,034	6,953	3,888	371.59
Property, Plant & Equipment	2,624	2,521	2,388	2,125	2,063	382.53
Long-Term Investments	103.19	96.27	93.64	83.48	84.32	-
Goodwill	7.5	7.5	7.5	7.5	7.5	-
Other Intangible Assets	250.58	255.73	263.26	220.7	227.42	56.53
Long-Term Deferred Tax Assets	67.13	69.69	56.42	73.52	54.47	1.36
Long-Term Deferred Charges	23.22	13.6	7.05	7.61	5.7	0.01
Other Long-Term Assets	307.39	217.96	248.55	229.67	225.53	15
Total Assets	10,731	11,494	10,098	9,700	6,555	827.03

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	3,710	4,532	3,716	3,366	2,506	52.8
Accrued Expenses	176.72	214.74	211.6	184.7	183.04	4.83
Short-Term Debt	-	-	-	835.71	831.06	-
Current Portion of Long-Term Debt	48.11	0.1	0.08	0.08	340.47	0.05
Current Portion of Leases	-	31.63	30.75	35.95	23.46	-
Current Income Taxes Payable	42.2	41.46	37.98	21.8	29.03	0.58
Current Unearned Revenue	32.36	18.8	53.16	47.48	52.18	0.72
Other Current Liabilities	178.17	111.11	125.15	60.56	122.65	3.26
Total Current Liabilities	4,188	4,949	4,175	4,552	4,088	62.24
Long-Term Debt	80	80	60	60	20	60
Long-Term Leases	56.04	43.62	74.4	73.94	63.54	-
Long-Term Unearned Revenue	100.74	108.15	104.94	102.99	109.25	24.69
Long-Term Deferred Tax Liabilities	20.06	21.06	16.46	39.18	17.06	0.25
Other Long-Term Liabilities	33.4	38.71	101.33	77.26	62.63	1.65
Total Liabilities	4,478	5,241	4,532	4,905	4,361	148.83

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	845.41	845.41	845.41	845.41	202.62	202.62
Additional Paid-In Capital	2,065	2,065	2,065	2,065	306.51	0.55
Retained Earnings	2,926	2,953	2,309	1,602	1,178	444.82
Comprehensive Income & Other	51.17	37.56	24.26	18.48	18.7	-
Total Common Equity	5,888	5,901	5,244	4,531	1,706	647.99
Minority Interest	365.51	351.43	321.9	264.48	488.3	30.2
Shareholders' Equity	6,253	6,253	5,566	4,795	2,195	678.2
Total Liabilities & Equity	10,731	11,494	10,098	9,700	6,555	827.03

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	184.15	155.35	165.23	1,006	1,279	60.05
Net Cash (Debt)	2,753	2,636	2,476	2,015	-496.23	129.19
Net Cash Growth	6.10%	6.46%	22.86%	-	-	-59.02%
Net Cash Per Share	3.26	3.12	2.93	2.96	-0.75	0.64
Filing Date Shares Outstanding	845.25	845.41	845.41	845.41	202.62	202.62
Total Common Shares Outstanding	845.25	845.41	845.41	845.41	202.62	202.62
Working Capital	3,160	3,362	2,859	2,401	-200.63	309.35
Book Value Per Share	6.97	6.98	6.20	5.36	8.42	3.20
Tangible Book Value	5,629	5,638	4,973	4,302	1,471	591.46
Tangible Book Value Per Share	6.66	6.67	5.88	5.09	7.26	2.92
Buildings	-	1,140	1,110	1,100	964.54	159.95
Machinery	-	4,564	4,173	3,662	3,362	187.58
Construction In Progress	-	469.26	357.89	237.8	395.24	181.92