SHE:300746 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	230.52	192.57	302.4	228.75	299.98	356.28
Short-Term Investments	-	-	-	-	173.31	-
Trading Asset Securities	-	10	3	307.35	150.25	281.18
Cash & Short-Term Investments	230.52	202.57	305.4	536.09	623.54	637.46
Cash Growth	-54.43%	-33.67%	-43.03%	-14.02%	-2.18%	53.46%
Accounts Receivable	1,529	1,800	2,101	1,205	764.85	510.66
Other Receivables	31.87	30.54	29.3	1.08	22.57	23.56
Receivables	1,561	1,830	2,130	1,206	787.42	534.22
Inventory	92.09	72.02	81.53	1.1	-	-
Prepaid Expenses	-	12.8	6.82	1.36	0.2	0.08
Other Current Assets	63.43	143.55	55.71	22.43	56.31	85.06
Total Current Assets	1,947	2,261	2,579	1,767	1,467	1,257
Property, Plant & Equipment	401.67	426.05	477.5	334.94	363.2	405.38
Long-Term Investments	98.06	84.33	79.54	26.69	39.37	38.96
Goodwill	438.8	438.8	487.26	353.08	353.08	353.08
Other Intangible Assets	34.9	37.29	42.02	11.3	12.54	12.71
Long-Term Accounts Receivable	-	40.79	31.82	71.12	-	-
Long-Term Deferred Tax Assets	66.22	78.64	71.9	53.22	53.42	46.48
Long-Term Deferred Charges	14.84	13.14	15.98	15.49	14.3	15.1
Other Long-Term Assets	60.69	32.18	28.79	30.89	79.18	59.47
Total Assets	3,062	3,412	3,814	2,663	2,383	2,188

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	631.02	952.09	1,327	1,026	550.68	311.94
Accrued Expenses	108.13	138.78	229.6	131.09	118.32	105.99
Short-Term Debt	230.82	293.19	351.15	1	39.69	50.8
Current Portion of Long-Term Debt	83.63	73.4	-	-	-	-
Current Portion of Leases	-	2.86	1.64	1.14	1.34	1.05
Current Income Taxes Payable	21.28	12.88	12.84	9.46	9.21	13.95
Current Unearned Revenue	19.44	25.51	51.97	40.65	111.94	140.45
Other Current Liabilities	344.33	255.77	480.28	31.62	58.69	57.51
Total Current Liabilities	1,439	1,754	2,454	1,241	889.86	681.69
Long-Term Debt	350.5	400.37	217.57	-	-	-
Long-Term Leases	13.33	14.03	5.19	0.67	0.52	0.68
Long-Term Unearned Revenue	-	-	-	-	-	0.16
Long-Term Deferred Tax Liabilities	14.7	33.05	17.83	8.65	9.05	11.91
Other Long-Term Liabilities	92.66	88.64	90.11	136	132.57	128.9
Total Liabilities	1,910	2,291	2,785	1,386	1,032	823.33

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	225.74	225.74	225.74	225.74	225.74	225.74
Additional Paid-In Capital	476.83	476.83	481.03	481.03	482.51	482.51
Retained Earnings	129.33	113.2	41.39	520.72	586.55	600.16
Total Common Equity	831.9	815.77	748.17	1,227	1,295	1,308
Minority Interest	320.29	306.15	280.81	49.99	55.77	56.28
Shareholders' Equity	1,152	1,122	1,029	1,277	1,351	1,365
Total Liabilities & Equity	3,062	3,412	3,814	2,663	2,383	2,188

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	678.28	783.84	575.56	2.81	41.54	52.53
Net Cash (Debt)	-447.76	-581.27	-270.15	533.28	582	584.93
Net Cash Growth	-	-	-	-8.37%	-0.50%	94.46%
Net Cash Per Share	-1.98	-2.57	-1.19	2.44	2.48	2.57
Filing Date Shares Outstanding	251.15	225.74	225.74	225.74	225.74	225.74
Total Common Shares Outstanding	251.15	225.74	225.74	225.74	225.74	225.74
Working Capital	508.2	506.77	124.87	526.07	577.61	575.13
Book Value Per Share	3.31	3.61	3.31	5.44	5.74	5.80
Tangible Book Value	358.2	339.67	218.89	863.11	929.18	942.61
Tangible Book Value Per Share	1.43	1.50	0.97	3.82	4.12	4.18
Buildings	-	567.63	659.16	566.97	555.55	581.62
Machinery	-	196.21	212.37	77.15	83.91	84.06
Construction In Progress	-	0.1	0.9	-	3.5	-