SHE:300725 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	647.68	532.74	290.2	511.19	1,150	699.63
Short-Term Investments	488.18	351.85	618.48	984.26	303.46	100.74
Trading Asset Securities	592.96	735.57	465.61	105.35	163.3	304.43
Cash & Short-Term Investments	1,729	1,620	1,374	1,601	1,617	1,105
Cash Growth	3.79%	17.89%	-14.15%	-1.01%	46.38%	-19.79%
Accounts Receivable	381.72	386.03	483.69	473.66	330.61	201.27
Other Receivables	4.44	2.99	1.92	2.62	1.83	2.11
Receivables	386.16	389.02	485.61	476.28	332.44	203.38
Inventory	713.6	655.24	840.17	724.79	676.39	447.94
Other Current Assets	17.31	11.34	16.88	15.88	33.8	47.89
Total Current Assets	2,846	2,676	2,717	2,818	2,660	1,804
Property, Plant & Equipment	1,743	1,653	1,684	1,753	1,661	1,173
Long-Term Investments	126.82	2,303	19.86	5.48	5.66	8.91
Goodwill	355.74	355.74	355.74	356.19	356.19	356.19
Other Intangible Assets	101.31	103.59	107.98	109.42	111.48	111.47
Long-Term Deferred Tax Assets	36.59	39.82	32.63	38.61	35.8	15.1
Long-Term Deferred Charges	31.96	10.13	6.94	10.14	9.18	7.24
Other Long-Term Assets	142.25	198.3	10.99	13.1	22.8	30.74
Total Assets	5,383	7,340	4,935	5,104	4,862	3,507

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	429.53	312.75	292.2	278.7	413.47	267.35
Accrued Expenses	89.37	111.2	91	104.71	88.18	60.61
Short-Term Debt	100.06	100.06	230.27	236.5	163.4	347.64
Current Portion of Long-Term Debt	-	-	52.74	371.43	17.29	7.95
Current Portion of Leases	7.11	4.75	1.26	1.99	-	1.82
Current Income Taxes Payable	16.18	14.67	16.96	15.7	0.85	0.15
Current Unearned Revenue	71.29	70.28	56.28	32.73	39.63	28.7
Other Current Liabilities	8.8	8.11	8.53	14.33	16.35	74.66
Total Current Liabilities	722.34	621.82	749.23	1,056	739.18	788.88
Long-Term Debt	-	-	1,127	1,138	1,392	23.6
Long-Term Leases	14.68	7.87	3.21	0.23	-	-
Long-Term Unearned Revenue	41.34	44.8	46.61	52.64	52.85	54.14
Long-Term Deferred Tax Liabilities	39.29	365.25	22.13	24.31	20.15	12.58
Total Liabilities	817.65	1,040	1,948	2,272	2,205	879.21

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	233.81	233.81	199.73	199.66	199.66	199.7
Additional Paid-In Capital	2,338	2,338	1,096	1,090	1,075	1,299
Retained Earnings	1,946	1,824	1,597	1,439	1,261	967.1
Treasury Stock	-30.04	-30.04	-30.04	-20.03	-	-35
Comprehensive Income & Other	78.79	1,935	125.24	123.52	121.74	-3.44
Total Common Equity	4,566	6,300	2,988	2,832	2,658	2,427
Minority Interest	-	-	-	-	0	200.29
Shareholders' Equity	4,566	6,300	2,988	2,832	2,658	2,628
Total Liabilities & Equity	5,383	7,340	4,935	5,104	4,862	3,507

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	121.85	112.67	1,414	1,749	1,573	381.02
Net Cash (Debt)	1,607	1,507	-39.71	-147.83	44.11	723.78
Net Cash Growth	468.22%	-	-	-	-93.91%	-42.42%
Net Cash Per Share	7.18	7.22	-0.20	-0.73	0.22	3.63
Filing Date Shares Outstanding	232.97	232.97	198.89	198.83	199.66	199.7
Total Common Shares Outstanding	232.97	232.97	198.89	198.83	199.66	199.7
Working Capital	2,124	2,054	1,968	1,762	1,921	1,015
Book Value Per Share	19.60	27.04	15.02	14.24	13.31	12.16
Tangible Book Value	4,109	5,841	2,524	2,367	2,190	1,960
Tangible Book Value Per Share	17.64	25.07	12.69	11.90	10.97	9.81
Buildings	982.88	949.96	950.4	905.31	844.6	344.88
Machinery	1,337	1,303	1,052	1,025	792.72	510.13
Construction In Progress	140.85	61.68	232.68	256.23	357.53	575.32