SHE:300551 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	486.18	150.48	201.91	327.15	657.27	267.06
Trading Asset Securities	-	-	1.32	49.9	83.83	17.2
Cash & Short-Term Investments	486.18	150.48	203.23	377.05	741.1	284.26
Cash Growth	199.03%	-25.96%	-46.10%	-49.12%	160.71%	-17.59%
Accounts Receivable	34.11	35.01	38.76	131.64	98.24	112.47
Other Receivables	21.7	17.5	27.2	84.16	41.17	39.09
Receivables	55.81	52.51	65.95	215.8	139.41	151.56
Inventory	95.8	71.8	106.71	145.66	133.44	150.14
Prepaid Expenses	-	-	-	-	-	0.58
Other Current Assets	23.53	2.86	3.75	87.55	60.15	28.51
Total Current Assets	661.32	277.65	379.64	826.06	1,074	615.05
Property, Plant & Equipment	22.93	25.32	54.84	128.28	170.22	128.39
Long-Term Investments	64.51	108.64	256.49	292.87	26.51	13.8
Goodwill	9.55	9.55	9.55	148.73	197.02	197.02
Other Intangible Assets	10.02	13.19	22.7	85.57	84.55	84.44
Long-Term Accounts Receivable	-	-	0.25	1	-	0.11
Long-Term Deferred Tax Assets	0.05	0.05	0.16	18.35	24.94	6.84
Long-Term Deferred Charges	0.25	0.13	0.18	20.02	4.91	1.98
Other Long-Term Assets	23.58	23.91	-	0	25.07	1.77
Total Assets	792.21	458.43	723.81	1,521	1,607	1,049

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	39.77	33.51	43.83	59.2	66.37	51.81
Accrued Expenses	9.15	16.02	14.65	29.2	34.5	24.07
Short-Term Debt	-	-	-	5	-	20
Current Portion of Long-Term Debt	22.68	17.57	11.11	14	-	-
Current Portion of Leases	-	0.96	1.09	18.62	15.94	9.38
Current Income Taxes Payable	1.62	-	0.67	0.57	0	0.47
Current Unearned Revenue	7.21	9.79	11.78	156.28	144.62	106.49
Other Current Liabilities	8.48	5.39	9.42	154.22	104.36	109.32
Total Current Liabilities	88.91	83.24	92.54	437.09	365.79	321.54
Long-Term Leases	1.79	1.36	0.29	45.4	67.84	24.22
Long-Term Unearned Revenue	1.55	1.65	2.01	2.97	5.87	5.65
Long-Term Deferred Tax Liabilities	2.46	3.24	6.36	34.42	40.46	16.9
Other Long-Term Liabilities	25.85	23.86	18.99	16.84	38.34	37.14
Total Liabilities	120.57	113.35	120.2	536.72	518.3	405.45

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	340.06	340.06	345.75	345.75	345.75	304.05
Additional Paid-In Capital	436.79	451.98	486.4	477.64	535.24	30.55
Retained Earnings	-135.4	-452.14	-190.19	161.01	241.92	307.19
Treasury Stock	-	-	-51.33	-51.33	-51.33	-5.14
Comprehensive Income & Other	-0	0.19	-0	-0	-0	-0
Total Common Equity	641.45	340.1	590.63	933.07	1,072	636.66
Minority Interest	30.19	4.99	12.98	51.1	17.45	7.29
Shareholders' Equity	671.64	345.08	603.61	984.17	1,089	643.95
Total Liabilities & Equity	792.21	458.43	723.81	1,521	1,607	1,049

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	24.47	19.89	12.49	83.02	83.78	53.61
Net Cash (Debt)	461.71	130.59	190.74	294.03	657.32	230.65
Net Cash Growth	211.84%	-31.54%	-35.13%	-55.27%	184.98%	-33.13%
Net Cash Per Share	1.36	0.38	0.56	0.87	1.91	0.75
Filing Date Shares Outstanding	-	340.06	340.06	340.06	340.06	347.83
Total Common Shares Outstanding	-	340.06	340.06	340.06	340.06	304.05
Working Capital	572.41	194.41	287.1	388.97	708.32	293.51
Book Value Per Share	-	1.00	1.74	2.74	3.15	2.09
Tangible Book Value	621.88	317.36	558.38	698.77	790.01	355.2
Tangible Book Value Per Share	-	0.93	1.64	2.05	2.32	1.17
Buildings	-	44.67	79.07	78.66	78.66	78.66
Machinery	-	88.76	90.27	103.15	97.89	93.23
Construction In Progress	-	-	-	-	7.38	2.53