SHE:300665 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	78.32	107.66	105.26	128.56	117.32	222.66
Trading Asset Securities	-	-	0.53	2	-	3
Cash & Short-Term Investments	78.32	107.66	105.79	130.56	117.32	225.66
Cash Growth	-28.97%	1.77%	-18.97%	11.28%	-48.01%	-1.53%
Accounts Receivable	457.36	480.51	592.3	676.15	700.85	525.74
Other Receivables	0.02	9.07	11.59	21.29	0.98	0.28
Receivables	457.38	489.59	603.89	697.44	701.84	526.02
Inventory	126.06	133.22	193.48	150.84	153.94	120.22
Prepaid Expenses	14.43	18.05	21.07	0.02	0.03	-
Other Current Assets	31.66	23.28	26.49	18.4	38.08	45.88
Total Current Assets	707.85	771.8	950.71	997.26	1,011	917.79
Property, Plant & Equipment	612.32	632.02	738.58	696.07	670.96	599.08
Long-Term Investments	21.3	22.3	32.02	36.57	31.79	9.67
Goodwill	7.73	7.73	7.73	16.97	16.97	39.31
Other Intangible Assets	43.14	44	49.73	57.44	60.48	65.9
Long-Term Deferred Tax Assets	40.57	40.57	40.59	19.45	21	12.87
Long-Term Deferred Charges	1.05	1.19	1.7	0.59	0.2	0.34
Other Long-Term Assets	0.38	0.35	0.52	0.4	0.87	41.6
Total Assets	1,434	1,520	1,822	1,825	1,814	1,687

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	293.63	345.3	465.08	360.48	368.43	420.26
Accrued Expenses	5.44	20.23	20.78	22.65	26.88	19.81
Short-Term Debt	291.75	360.85	324.44	217.83	110.6	225.82
Current Portion of Long-Term Debt	122.35	164.88	92.71	158.8	75.24	7.6
Current Portion of Leases	-	0.11	0.31	0.68	1.03	1.95
Current Income Taxes Payable	0	0.21	0.24	1.71	0.4	5.16
Current Unearned Revenue	4.69	4.66	4.5	4.34	2.95	5.72
Other Current Liabilities	113.25	22.12	34.24	61.32	153.85	36.86
Total Current Liabilities	831.1	918.36	942.3	827.82	739.37	723.18
Long-Term Debt	141.75	178.1	433.91	422.63	517.77	375.23
Long-Term Leases	-	-	0.11	0.78	0.25	1.92
Long-Term Unearned Revenue	10.52	11.29	12.83	7.53	8.51	4.59
Long-Term Deferred Tax Liabilities	0.59	0.6	1.49	2.42	2.93	3.52
Total Liabilities	983.96	1,108	1,391	1,261	1,269	1,108

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	229.54	218.95	189.43	189.5	190.72	173.4
Additional Paid-In Capital	460.35	411.13	216.84	220.19	223.76	137.97
Retained Earnings	-252.62	-230.11	-11.83	137.37	116.7	219
Treasury Stock	-	-	-7	-26.47	-33.91	-18.38
Comprehensive Income & Other	1.09	-	35.38	35.4	35.91	36.8
Total Common Equity	438.35	399.96	422.83	555.99	533.18	548.79
Minority Interest	12.04	11.67	8.13	7.59	11.49	29.35
Shareholders' Equity	450.39	411.63	430.95	563.58	544.67	578.14
Total Liabilities & Equity	1,434	1,520	1,822	1,825	1,814	1,687

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	555.85	703.93	851.48	800.72	704.89	612.52
Net Cash (Debt)	-477.52	-596.27	-745.69	-670.16	-587.57	-386.86
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-2.21	-2.97	-3.95	-3.54	-3.35	-2.15
Filing Date Shares Outstanding	229.54	218.95	186.03	185.53	184.52	172.03
Total Common Shares Outstanding	229.54	218.95	186.03	185.53	184.52	172.03
Working Capital	-123.25	-146.56	8.41	169.45	271.85	194.61
Book Value Per Share	1.91	1.83	2.27	3.00	2.89	3.19
Tangible Book Value	387.47	348.22	365.36	481.57	455.73	443.57
Tangible Book Value Per Share	1.69	1.59	1.96	2.60	2.47	2.58
Buildings	636.79	654.25	695.73	562.98	542.34	152.46
Machinery	204.79	183.97	195.66	158.96	179.87	103.77
Construction In Progress	2.21	2.5	5.54	95.76	72.42	436.63