SHE:300511 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	176.47	161.45	167.95	252.67	363.82	340.77
Short-Term Investments	-	-	-	0.06	-	-
Trading Asset Securities	-	-	-	-	270	-
Cash & Short-Term Investments	176.47	161.45	167.95	252.72	633.82	340.77
Cash Growth	130.95%	-3.87%	-33.54%	-60.13%	86.00%	-55.16%
Accounts Receivable	43.72	43.77	31.39	33.48	29.02	28.86
Other Receivables	5.25	8.6	5.55	6.28	50.13	18.89
Receivables	48.97	52.37	36.95	39.76	79.15	47.74
Inventory	355.34	371.68	325.34	442.86	443.28	384.08
Prepaid Expenses	3.93	3.98	2.9	5.74	3.97	2.11
Other Current Assets	21.95	16.56	13.17	25.51	32.34	100.24
Total Current Assets	606.67	606.04	546.31	766.6	1,193	874.94
Property, Plant & Equipment	2,581	2,664	2,965	3,460	2,579	2,945
Long-Term Investments	9.48	12.05	15.6	16.24	21.46	32.61
Other Intangible Assets	293.12	299.43	299.63	306.9	221.72	328.38
Long-Term Deferred Tax Assets	-	-	-	-	-	12.83
Long-Term Deferred Charges	10.71	6.14	7.91	21.81	26.48	47.77
Other Long-Term Assets	25.66	14.09	19.87	30.68	30.82	95.96
Total Assets	3,527	3,601	3,855	4,602	4,072	4,337

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	267.86	320.95	298.35	318.15	215.87	214.13
Accrued Expenses	60.53	60.52	78.07	66.92	61.84	55.59
Short-Term Debt	939.1	926.15	985.85	1,036	575.76	777.49
Current Portion of Long-Term Debt	52.92	114.07	146.19	168.69	170.4	248.23
Current Portion of Leases	4.05	1.15	1.05	4.01	1.13	1.07
Current Income Taxes Payable	0.02	0	-	-	-	0.01
Current Unearned Revenue	8.2	6.47	20.62	7.16	16.23	14.15
Other Current Liabilities	300.16	327.48	418.11	512.47	256.29	295.98
Total Current Liabilities	1,633	1,757	1,948	2,113	1,298	1,607
Long-Term Debt	216.31	219.98	960.21	948.27	973.69	954.69
Long-Term Leases	84.88	28.95	54.29	24.41	23.45	23.45
Long-Term Unearned Revenue	54.26	57.19	60.56	51.12	43.89	49.68
Other Long-Term Liabilities	5.82	24.96	7.94	33.08	107.64	51.12
Total Liabilities	1,994	2,088	3,031	3,170	2,446	2,686

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	640.85	640.85	498.82	498.78	503.04	441.92
Additional Paid-In Capital	1,321	1,314	741.98	741.82	753.99	471.77
Retained Earnings	-320.33	-338.18	-367.98	249.09	437.16	724.38
Treasury Stock	-	-	-	-	-16.43	-34.7
Comprehensive Income & Other	-6.67	-4.7	65.81	64.83	65.51	65.98
Total Common Equity	1,635	1,612	938.63	1,555	1,743	1,669
Minority Interest	-102.68	-98.53	-115.31	-122.15	-117.43	-17.5
Shareholders' Equity	1,532	1,513	823.32	1,432	1,626	1,652
Total Liabilities & Equity	3,527	3,601	3,855	4,602	4,072	4,337

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	1,297	1,290	2,148	2,181	1,744	2,005
Net Cash (Debt)	-1,121	-1,129	-1,980	-1,928	-1,111	-1,664
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.80	-1.89	-3.98	-3.90	-2.28	-3.85
Filing Date Shares Outstanding	640.85	640.85	498.82	498.78	503.04	507.6
Total Common Shares Outstanding	640.85	640.85	498.82	498.78	503.04	441.92
Working Capital	-1,026	-1,151	-1,402	-1,346	-104.97	-731.7
Book Value Per Share	2.55	2.52	1.88	3.12	3.47	3.78
Tangible Book Value	1,342	1,313	638.99	1,248	1,522	1,341
Tangible Book Value Per Share	2.09	2.05	1.28	2.50	3.02	3.03
Buildings	2,323	2,326	2,316	2,283	1,929	1,922
Machinery	2,576	2,589	2,687	2,598	2,187	2,209
Construction In Progress	70.36	20.28	53.49	360.31	68.28	151.74