SHE:300523 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	594.62	790.86	664.27	749.48	1,230	593.27
Trading Asset Securities	0.34	0.34	0.34	0.34	40.05	-
Cash & Short-Term Investments	594.96	791.21	664.62	749.82	1,270	593.27
Cash Growth	-9.21%	19.05%	-11.36%	-40.98%	114.14%	-15.15%
Accounts Receivable	2,273	2,296	2,290	2,350	1,845	1,674
Other Receivables	35.61	63.25	67.58	70.09	65.15	44.91
Receivables	2,308	2,360	2,358	2,420	1,910	1,718
Inventory	252.43	230.16	386.44	314.88	556.17	522.98
Other Current Assets	150.29	112.23	54.37	66.39	79.7	15.85
Total Current Assets	3,306	3,493	3,463	3,551	3,816	2,851
Property, Plant & Equipment	127.64	130.18	147	160.92	176.63	189.27
Long-Term Investments	73.78	66.24	61.54	71.75	48.88	49.75
Goodwill	89.2	89.2	89.2	89.2	89.2	89.2
Other Intangible Assets	39.57	48.95	72.49	85.85	75.5	103.92
Long-Term Accounts Receivable	-	129.23	175.68	94.95	37.96	27.74
Long-Term Deferred Tax Assets	183.95	183.85	207.84	193.04	173.29	97.4
Long-Term Deferred Charges	7.6	4.68	12.23	15.56	31.71	18.18
Other Long-Term Assets	144.57	16.27	5.25	5.43	5.62	5.8
Total Assets	3,972	4,162	4,235	4,268	4,455	3,432

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	1,548	1,625	1,593	1,372	1,131	854.45
Accrued Expenses	32.13	92.47	72.2	97.05	206.04	97.76
Short-Term Debt	894.05	839.35	679.02	683.18	473.81	494.04
Current Portion of Long-Term Debt	92.51	117.33	40.16	-	-	-
Current Portion of Leases	-	2.23	8.7	8.52	12.09	13.44
Current Income Taxes Payable	27.04	5.95	8.73	34.2	52.68	17.65
Current Unearned Revenue	90.2	110.83	168.48	138.98	703.88	179.41
Other Current Liabilities	28.48	69.22	44.84	39.83	31.57	27.25
Total Current Liabilities	2,713	2,862	2,615	2,374	2,611	1,684
Long-Term Debt	26.4	13.05	99.46	-	-	-
Long-Term Leases	2.47	2.9	5.28	9.83	19.83	29.55
Long-Term Unearned Revenue	13.72	14.69	16.41	18.29	27.87	81.13
Long-Term Deferred Tax Liabilities	1.77	1.9	2.16	5.71	7.95	3.12
Other Long-Term Liabilities	22.43	26.58	31.72	52.24	57.95	5.13
Total Liabilities	2,779	2,921	2,770	2,460	2,724	1,803

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	232.64	232.64	232.64	232.64	232.64	232.64
Additional Paid-In Capital	801.66	801.81	786.96	786.69	778.18	779.85
Retained Earnings	-103.98	-45.04	176.02	498.15	418.51	411.62
Comprehensive Income & Other	-0.59	0.83	-0.17	0.25	0.74	0.24
Total Common Equity	929.73	990.24	1,195	1,518	1,430	1,424
Minority Interest	263.25	250.62	268.92	289.68	300.62	204.49
Shareholders' Equity	1,193	1,241	1,464	1,807	1,731	1,629
Total Liabilities & Equity	3,972	4,162	4,235	4,268	4,455	3,432

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	1,015	974.85	832.61	701.54	505.72	537.03
Net Cash (Debt)	-420.47	-183.65	-168	48.28	764.72	56.24
Net Cash Growth	-	-	-	-93.69%	1259.84%	-87.21%
Net Cash Per Share	-1.79	-0.79	-0.72	0.21	3.33	0.24
Filing Date Shares Outstanding	242.91	232.64	232.64	232.64	232.64	232.64
Total Common Shares Outstanding	242.91	232.64	232.64	232.64	232.64	232.64
Working Capital	593.46	631.39	848.19	1,177	1,206	1,167
Book Value Per Share	3.83	4.26	5.14	6.52	6.15	6.12
Tangible Book Value	800.96	852.09	1,034	1,343	1,265	1,231
Tangible Book Value Per Share	3.30	3.66	4.44	5.77	5.44	5.29
Buildings	-	149.98	149.98	149.98	149.98	149.98
Machinery	-	89.54	89.66	89.13	94.5	84.49
Construction In Progress	-	-	-	-	-	0.68