SHE:300713 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	66.47	47.84	62.83	66.71	86.73	143.51
Short-Term Investments	-	9.92	-	-	-	-
Trading Asset Securities	5.19	20.78	29.6	17.57	34.27	108.02
Cash & Short-Term Investments	71.66	78.54	92.43	84.27	121	251.53
Cash Growth	6.35%	-15.03%	9.68%	-30.35%	-51.89%	6.69%
Accounts Receivable	189.78	225.41	212.28	249.23	298.31	227.61
Other Receivables	2.22	2.64	0.92	1.48	1.45	2.19
Receivables	192.01	228.06	213.2	250.71	299.76	229.8
Inventory	154.72	106.43	103.41	64.49	97.19	102.11
Prepaid Expenses	29.95	26.15	32.94	28.28	31.65	23.42
Other Current Assets	0.44	0.42	0.61	0.28	0.82	1.17
Total Current Assets	448.78	439.59	442.59	428.03	550.41	608.03
Property, Plant & Equipment	445.13	445.41	475.37	410.92	340.73	228.14
Long-Term Investments	11.53	13.15	11.53	22.26	22.86	11.14
Goodwill	0.02	0.02	2.94	-	-	-
Other Intangible Assets	73.22	75.52	79.09	81.95	86.17	90.91
Long-Term Accounts Receivable	0.58	0.57	0.66	-	-	-
Long-Term Deferred Tax Assets	-	-	-	-	-	20.56
Long-Term Deferred Charges	6.02	5.98	9.99	7.73	8.76	9.7
Other Long-Term Assets	0.02	0.02	2.07	11.49	25.83	19.79
Total Assets	985.29	980.25	1,024	962.38	1,035	988.26

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	241.99	194.23	181.57	120.37	193.78	153.59
Accrued Expenses	16.21	19.93	24.2	19.02	28.94	17.42
Short-Term Debt	30.47	25.39	36.98	14.88	-	-
Current Portion of Long-Term Debt	32.56	16.04	8.58	4.89	3.18	-
Current Portion of Leases	1.22	1.2	3.03	3.29	0.98	0.72
Current Unearned Revenue	10.01	9.92	8.14	6.59	7.04	6.09
Other Current Liabilities	87.52	97.78	85.79	70.57	88.97	37.16
Total Current Liabilities	419.97	364.49	348.29	239.6	322.89	214.97
Long-Term Debt	128.1	134.12	89.9	49.43	27.01	31.78
Long-Term Leases	3.49	4.05	2.11	4.36	1.36	1.65
Long-Term Unearned Revenue	9.27	10.15	11.87	11.31	6.31	6.74
Long-Term Deferred Tax Liabilities	-	-	-	-	-	0.4
Other Long-Term Liabilities	4.53	5.03	5.48	6.22	-	-
Total Liabilities	565.36	517.84	457.65	310.91	357.58	255.54

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	158.84	158.72	158.72	158.72	157.78	157.78
Additional Paid-In Capital	360	358.07	355.83	358.83	343.28	339.87
Retained Earnings	-95.25	-54.13	40.43	130.08	170.86	231.55
Total Common Equity	422.37	462.67	554.98	647.63	671.92	729.2
Minority Interest	-2.45	-0.26	11.62	3.83	5.27	3.52
Shareholders' Equity	419.92	462.41	566.59	651.47	677.18	732.72
Total Liabilities & Equity	985.29	980.25	1,024	962.38	1,035	988.26

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	195.84	180.79	140.6	76.84	32.53	34.15
Net Cash (Debt)	-124.18	-102.26	-48.16	7.44	88.47	217.38
Net Cash Growth	-	-	-	-91.59%	-59.30%	-0.18%
Net Cash Per Share	-0.80	-0.65	-0.30	0.05	0.55	1.38
Filing Date Shares Outstanding	158.72	158.72	158.72	158.72	157.78	157.78
Total Common Shares Outstanding	158.72	158.72	158.72	158.72	157.78	157.78
Working Capital	28.81	75.11	94.3	188.43	227.52	393.05
Book Value Per Share	2.66	2.91	3.50	4.08	4.26	4.62
Tangible Book Value	349.13	387.13	472.95	565.68	585.75	638.29
Tangible Book Value Per Share	2.20	2.44	2.98	3.56	3.71	4.05
Buildings	351.16	351.16	367.16	172.95	155.44	157.45
Machinery	79.68	78.8	80.22	67.65	63.87	52.5
Construction In Progress	131.33	118.71	104.36	219.06	155.73	37.55