SHE:300723 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	Dec '21 Dec 31, 2021
Cash & Equivalents	1,200	515.38	468.97	422.52	645.6	1,075
Short-Term Investments	-	-	-	1	-	-
Trading Asset Securities	45.33	-	4.75	40.44	72.19	15.03
Cash & Short-Term Investments	1,246	515.38	473.72	463.96	717.78	1,090
Cash Growth	15.35%	8.79%	2.10%	-35.36%	-34.15%	47.50%
Accounts Receivable	196.33	242.2	351.1	451.38	397.75	243.39
Other Receivables	37.93	40.1	11.24	12.48	12.4	27.16
Receivables	234.27	282.31	362.34	463.86	410.15	270.55
Inventory	207.09	215.91	287.13	346.44	178.02	114.97
Prepaid Expenses	-	2.38	22.68	1.02	-	-
Other Current Assets	170.03	85	112.02	84.58	105.37	88.02
Total Current Assets	1,857	1,101	1,258	1,360	1,411	1,564
Property, Plant & Equipment	1,722	1,790	1,928	1,799	1,686	1,043
Long-Term Investments	278.15	525.57	583.44	633.55	384.44	408.01
Goodwill	0.26	0.26	0.26	11.28	11.28	11.28
Other Intangible Assets	367.49	390.19	428.46	446.79	460.97	460.42
Long-Term Deferred Tax Assets	153.83	137.5	129.13	54.34	47.32	36.71
Long-Term Deferred Charges	89.06	89.09	59.37	56.1	59.53	58.53
Other Long-Term Assets	19.81	8.98	17.37	44.78	37.08	146.58
Total Assets	4,488	4,042	4,404	4,405	4,098	3,728

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	Dec '21 Dec 31, 2021
Accounts Payable	81.64	82.04	107.84	202.4	84.83	40.65
Accrued Expenses	16.87	49.06	48.18	126.28	77.65	73.15
Short-Term Debt	765.15	520.08	1,000	550	550	851.66
Current Portion of Long-Term Debt	61.36	181.34	60.29	40	2.23	1.56
Current Portion of Leases	-	1.79	17.63	26.39	25.49	23.06
Current Income Taxes Payable	8.93	-	-	37.81	27.93	6.41
Current Unearned Revenue	11.89	36.57	38.8	48.37	110.36	20.99
Other Current Liabilities	303.89	264.77	459.5	457.73	330.37	188.21
Total Current Liabilities	1,250	1,136	1,732	1,489	1,209	1,206
Long-Term Debt	1,225	1,368	610	160	531.42	270.45
Long-Term Leases	1.43	1.43	2.8	26.03	58.52	82.33
Long-Term Unearned Revenue	114.32	108.96	87.54	83.34	75.76	84.45
Long-Term Deferred Tax Liabilities	17.59	21.14	35.49	49.01	58.09	66.82
Total Liabilities	2,608	2,636	2,468	1,807	1,933	1,710

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	Dec '21 Dec 31, 2021
Common Stock	451.69	451.69	451.69	454.14	288.08	288.03
Additional Paid-In Capital	600.24	592.8	682.13	814.15	542.26	570.59
Retained Earnings	949.22	464.49	802.29	1,437	1,309	1,075
Treasury Stock	-155.73	-139.63	-57.66	-182.82	-192.6	-169
Comprehensive Income & Other	-	-	-	-	104.82	110.14
Total Common Equity	1,845	1,369	1,878	2,522	2,051	1,874
Minority Interest	34.47	37.34	57.43	75.83	114.59	144.07
Shareholders' Equity	1,880	1,407	1,936	2,598	2,166	2,018
Total Liabilities & Equity	4,488	4,042	4,404	4,405	4,098	3,728

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	Dec '21 Dec 31, 2021
Total Debt	2,053	2,073	1,691	802.43	1,168	1,229
Net Cash (Debt)	-807.27	-1,558	-1,217	-338.46	-449.87	-139.01
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.79	-3.45	-2.69	-0.75	-1.04	-0.33
Filing Date Shares Outstanding	451.72	451.91	451.65	449.03	424.45	426.18
Total Common Shares Outstanding	451.72	451.91	451.65	449.03	424.45	426.18
Working Capital	607.31	-34.66	-474.5	-129.13	202.47	357.9
Book Value Per Share	4.09	3.03	4.16	5.62	4.83	4.40
Tangible Book Value	1,478	978.9	1,450	2,064	1,579	1,403
Tangible Book Value Per Share	3.27	2.17	3.21	4.60	3.72	3.29
Buildings	-	1,217	1,180	1,039	615.95	75.71
Machinery	-	1,093	981.26	820.5	272.02	244.21
Construction In Progress	-	8.09	141.94	164.02	904.37	783.68