SHE:300846 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	225.58	400.01	327.45	391.46	344.92	84.07
Trading Asset Securities	30.03	-	100.14	-	35	-
Cash & Short-Term Investments	255.61	400.01	427.59	391.46	379.92	84.07
Cash Growth	-46.98%	-6.45%	9.23%	3.04%	351.93%	-53.27%
Accounts Receivable	385.66	285.23	290.92	350.44	320.81	273.81
Other Receivables	19.4	10.63	9.21	23.67	11.4	5.45
Receivables	405.06	295.85	300.13	374.11	332.21	279.25
Inventory	-	-	1.16	5.28	10.92	-
Other Current Assets	158.6	117.39	105.25	99.95	77.85	55.53
Total Current Assets	819.26	813.26	834.12	870.8	800.9	418.85
Property, Plant & Equipment	1,000	897.99	837.21	904.51	1,025	966.72
Long-Term Investments	45.52	45.55	13.33	13.47	5.4	-
Goodwill	180.91	180.91	180.91	192.87	221.5	81
Other Intangible Assets	47.14	53.62	68.11	85.04	31.68	19.49
Long-Term Accounts Receivable	-	0.57	2.82	-	7.8	12.35
Long-Term Deferred Tax Assets	22.71	22.39	4.35	1.99	19.86	26.82
Long-Term Deferred Charges	5.4	5.39	7.54	7.77	15.16	20.67
Other Long-Term Assets	40.43	27.1	6.44	8.45	43.17	19.53
Total Assets	2,162	2,047	1,955	2,085	2,170	1,565

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	456.99	296.12	344.61	304.21	151.74	182.97
Accrued Expenses	28.03	39.08	35.39	41.3	23.61	15.18
Short-Term Debt	345.39	357.6	315.22	422.74	282.75	210.99
Current Portion of Long-Term Debt	27.13	17.63	31.86	45.61	59.6	42.69
Current Portion of Leases	67.43	90.87	69.88	136.07	128.86	134.21
Current Income Taxes Payable	3.08	2.89	3.68	4.83	4.1	2.11
Current Unearned Revenue	22.75	16.68	25.59	20.94	17.37	7.08
Other Current Liabilities	100.91	7.82	40.25	75.33	85.1	9.97
Total Current Liabilities	1,052	828.7	866.47	1,051	753.11	605.2
Long-Term Debt	107.9	121.39	-	31.69	95	117.72
Long-Term Leases	117.13	190.88	102.08	87.46	96.18	177.84
Long-Term Unearned Revenue	23.75	29.29	0.92	1.38	1.03	3.13
Long-Term Deferred Tax Liabilities	16.17	18.24	0.35	0.4	0.44	-
Other Long-Term Liabilities	6	6	-	-	-	-
Total Liabilities	1,323	1,194	969.82	1,172	945.76	903.89

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	504.28	502.9	500.46	466.82	466.82	411.32
Additional Paid-In Capital	1,054	1,031	999.55	672.87	680.86	27.45
Retained Earnings	-799.86	-767.68	-597.64	-294.5	45.58	234.62
Comprehensive Income & Other	7.35	19.54	28.69	23.1	15.44	-24.5
Total Common Equity	765.34	785.68	931.06	868.29	1,209	648.89
Minority Interest	73.8	66.61	53.95	44.63	15.74	12.65
Shareholders' Equity	839.14	852.29	985.01	912.93	1,224	661.54
Total Liabilities & Equity	2,162	2,047	1,955	2,085	2,170	1,565

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	664.98	778.39	519.03	723.57	662.38	683.45
Net Cash (Debt)	-409.38	-378.37	-91.44	-332.11	-282.46	-599.38
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.81	-0.75	-0.18	-0.71	-0.61	-1.46
Filing Date Shares Outstanding	504.28	502.9	500.46	500.46	466.82	411.32
Total Common Shares Outstanding	504.28	502.9	500.46	466.82	466.82	411.32
Working Capital	-232.46	-15.44	-32.35	-180.23	47.79	-186.35
Book Value Per Share	1.52	1.56	1.86	1.86	2.59	1.58
Tangible Book Value	537.29	551.14	682.04	590.39	955.52	548.4
Tangible Book Value Per Share	1.07	1.10	1.36	1.26	2.05	1.33
Land	9.36	9.66	9.87	9.73	9.57	-
Buildings	190.31	27.49	28.11	27.7	27.24	-
Machinery	1,497	1,347	1,501	1,323	1,335	1,043
Construction In Progress	9.33	99.24	41.21	134.65	115.77	149.63