SHE:300750 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	372,053	333,513	303,512	264,307	191,043	89,072
Trading Asset Securities	68,158	58,994	14,282	7.77	1,981	1,364
Cash & Short-Term Investments	440,212	392,506	317,794	264,314	193,025	90,436
Cash Growth	19.66%	23.51%	20.23%	36.93%	113.44%	26.11%
Accounts Receivable	141,618	121,534	118,049	121,352	81,037	31,983
Other Receivables	2,619	2,120	2,207	3,439	8,678	3,115
Receivables	144,237	123,654	120,256	124,791	89,715	35,098
Inventory	130,819	94,526	59,836	45,434	76,669	40,200
Other Current Assets	43,612	27,795	12,256	15,249	28,326	12,002
Total Current Assets	758,880	638,482	510,142	449,788	387,735	177,735
Property, Plant & Equipment	206,308	179,403	143,234	140,778	125,318	72,952
Long-Term Investments	93,298	84,063	69,828	66,972	40,732	23,971
Goodwill	826.99	837.33	894.76	707.88	704.07	527.85
Other Intangible Assets	15,379	15,264	14,420	15,676	9,540	4,480
Long-Term Accounts Receivable	408.71	386.18	151.34	9.84	44.32	619.28
Long-Term Deferred Tax Assets	30,495	28,170	24,119	17,396	9,484	5,543
Long-Term Deferred Charges	4,741	4,961	4,594	4,696	2,295	1,264
Other Long-Term Assets	28,545	23,262	19,275	21,145	25,101	20,575
Total Assets	1,138,881	974,828	786,658	717,168	600,952	307,667

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	355,487	263,606	198,334	194,554	220,764	107,190
Accrued Expenses	28,894	30,244	24,584	19,726	13,129	7,890
Short-Term Debt	20,886	12,935	19,696	15,181	14,415	12,123
Current Portion of Long-Term Debt	21,360	21,703	22,644	6,845	6,826	3,326
Current Portion of Leases	623.1	478.95	182.38	106.3	113.11	128.77
Current Income Taxes Payable	7,639	9,867	8,047	10,121	4,217	1,846
Current Unearned Revenue	36,483	49,233	27,834	23,982	22,445	11,538
Other Current Liabilities	15,234	11,559	15,849	16,485	13,852	5,303
Total Current Liabilities	486,607	399,626	317,172	287,001	295,761	149,345
Long-Term Debt	102,775	81,678	93,161	102,686	78,277	37,974
Long-Term Leases	3,358	2,805	662.81	283.3	572.35	395.3
Long-Term Unearned Revenue	31,647	31,806	27,442	27,543	26,877	15,328
Long-Term Deferred Tax Liabilities	299.57	922.25	1,231	1,365	1,808	1,039
Other Long-Term Liabilities	100,240	86,964	73,533	78,407	20,747	10,964
Total Liabilities	724,926	603,801	513,202	497,285	424,043	215,045

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	4,627	4,564	4,403	4,399	2,443	2,331
Additional Paid-In Capital	190,262	156,248	116,756	87,907	88,904	43,164
Retained Earnings	189,295	176,904	128,796	105,437	64,457	35,254
Treasury Stock	-6,932	-7,098	-2,713	-1,573	-253.99	-443.53
Comprehensive Income & Other	2,102	6,490	-313.09	1,538	8,931	4,208
Total Common Equity	379,354	337,108	246,930	197,708	164,481	84,513
Minority Interest	34,602	33,919	26,526	22,175	12,428	8,109
Shareholders' Equity	413,955	371,026	273,456	219,883	176,909	92,622
Total Liabilities & Equity	1,138,881	974,828	786,658	717,168	600,952	307,667

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	149,002	119,601	136,347	125,102	100,204	53,947
Net Cash (Debt)	291,210	272,905	181,448	139,212	92,821	36,488
Net Cash Growth	28.76%	50.40%	30.34%	49.98%	154.38%	-16.27%
Net Cash Per Share	64.05	61.01	41.41	31.71	21.61	8.70
Filing Date Shares Outstanding	4,598	4,532	4,387	4,387	4,397	4,196
Total Common Shares Outstanding	4,598	4,532	4,387	4,387	4,397	4,196
Working Capital	272,273	238,856	192,971	162,787	91,973	28,390
Book Value Per Share	82.50	74.39	56.28	45.06	37.41	20.14
Tangible Book Value	363,148	321,007	231,615	181,324	154,237	79,506
Tangible Book Value Per Share	78.97	70.83	52.79	41.33	35.08	18.95
Buildings	91,107	83,888	64,723	57,854	35,494	15,741
Machinery	177,845	149,184	114,818	106,204	81,877	42,418
Construction In Progress	33,025	29,733	29,755	25,012	35,398	30,998