SHE:300507 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	Dec '21 Dec 31, 2021
Cash & Equivalents	318.42	280.6	274.42	95.17	172.4	298.69
Short-Term Investments	297.53	412.84	404.25	662.91	278.39	236.52
Trading Asset Securities	416.58	507.48	438.09	481.46	946.42	617
Cash & Short-Term Investments	1,033	1,201	1,117	1,240	1,397	1,152
Cash Growth	-19.75%	7.54%	-9.91%	-11.28%	21.26%	102.34%
Accounts Receivable	1,132	1,272	1,543	561.89	396.75	389.09
Other Receivables	51.31	44.86	36.84	25.9	23.4	13.85
Receivables	1,183	1,317	1,580	587.79	420.15	402.94
Inventory	290.01	271.34	265.72	159.55	168.27	141.57
Prepaid Expenses	5	3.03	0.02	-	0.01	0.01
Other Current Assets	109.59	122.56	67.97	32.07	49.69	41.69
Total Current Assets	2,620	2,915	3,030	2,019	2,035	1,738
Property, Plant & Equipment	682.44	699.28	689.11	379.23	262.36	234.7
Long-Term Investments	262.73	294.35	224.74	391.98	108.11	71.42
Goodwill	27.26	27.26	27.26	0.06	0.06	21.14
Other Intangible Assets	83.17	86.82	96.33	34.83	34.21	36.94
Long-Term Deferred Tax Assets	14.78	13.15	42.24	23.04	14.74	10.52
Long-Term Deferred Charges	4.96	2.47	1.83	0.04	0.29	0.76
Other Long-Term Assets	7.99	-30.61	-8.4	23.96	14.81	18.13
Total Assets	3,703	4,008	4,104	2,872	2,470	2,132

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	Dec '21 Dec 31, 2021
Accounts Payable	755.58	968.71	1,153	233.28	160.03	162.87
Accrued Expenses	18.46	29.67	31.27	16.57	16.07	15.14
Short-Term Debt	249.41	334.33	314.33	283.89	160.35	150.12
Current Portion of Long-Term Debt	7.75	6.44	-	57.2	-	-
Current Portion of Leases	5.08	8.59	8.61	8.57	4.18	1.84
Current Income Taxes Payable	2.82	4.49	14.34	10.14	53.54	9.04
Current Unearned Revenue	14.37	10.47	4.13	2.42	1.2	1.97
Other Current Liabilities	13.61	20.17	24.99	10.28	3.74	1.64
Total Current Liabilities	1,067	1,383	1,551	622.36	399.1	342.6
Long-Term Debt	19.74	19.76	31	74.8	-	-
Long-Term Leases	7.66	12.67	15.72	13.93	8.5	4.93
Long-Term Unearned Revenue	59.96	59.87	62.64	49.26	39.22	24.45
Long-Term Deferred Tax Liabilities	12.83	14.89	38.19	25.13	18.37	10.24
Other Long-Term Liabilities	8.85	9.49	10.3	1.33	-	-
Total Liabilities	1,176	1,500	1,709	786.8	465.19	382.23

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	Dec '21 Dec 31, 2021
Common Stock	800.65	800.65	796.55	791.53	791.53	494.71
Additional Paid-In Capital	198.1	198.1	186.46	168.2	144.6	439.94
Retained Earnings	1,150	1,147	1,075	984.75	955.86	708.28
Treasury Stock	-	-	-	-	-	-0.3
Comprehensive Income & Other	2.85	7.08	1.66	1	-1.73	-2.17
Total Common Equity	2,151	2,153	2,060	1,945	1,890	1,640
Minority Interest	375.94	355.33	334.89	139.81	114.49	109.32
Shareholders' Equity	2,527	2,508	2,395	2,085	2,005	1,750
Total Liabilities & Equity	3,703	4,008	4,104	2,872	2,470	2,132

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	Dec '21 Dec 31, 2021
Total Debt	289.64	381.79	369.66	438.39	173.02	156.89
Net Cash (Debt)	742.9	819.14	747.09	801.15	1,224	995.33
Net Cash Growth	-17.25%	9.64%	-6.75%	-34.56%	22.99%	88.42%
Net Cash Per Share	0.93	1.03	0.92	1.03	1.55	1.42
Filing Date Shares Outstanding	800.65	800.65	796.55	791.53	791.53	791.53
Total Common Shares Outstanding	800.65	800.65	796.55	791.53	791.53	791.53
Working Capital	1,553	1,532	1,479	1,397	1,636	1,396
Book Value Per Share	2.69	2.69	2.59	2.46	2.39	2.07
Tangible Book Value	2,041	2,039	1,936	1,911	1,856	1,582
Tangible Book Value Per Share	2.55	2.55	2.43	2.41	2.34	2.00
Buildings	407.96	390.2	302.49	143.19	82.2	82.2
Machinery	697.17	682.78	639.61	362.99	302.45	276.37
Construction In Progress	10.96	6.3	62.07	60.25	39.98	17.32