SHE:300876 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	35.28	86.79	79.43	181.04	405.7	243.03
Short-Term Investments	-	-	-	80	50	80
Trading Asset Securities	-	-	-	5	55	180
Cash & Short-Term Investments	35.28	86.79	79.43	266.04	510.7	503.03
Cash Growth	-44.57%	9.26%	-70.14%	-47.91%	1.52%	-0.85%
Accounts Receivable	105.53	135.41	155.62	129.2	94.37	68.9
Other Receivables	1.07	1.13	0.29	1.87	1.59	1.13
Receivables	106.6	136.54	155.92	131.07	95.96	70.02
Inventory	80.13	71.95	94.42	45	69.85	36.69
Prepaid Expenses	-	0.05	-	-	0.2	0.57
Other Current Assets	101.52	64.95	94.51	59.16	35.24	64.26
Total Current Assets	323.53	360.28	424.27	501.26	711.96	674.57
Property, Plant & Equipment	1,121	953.38	752.46	715.23	307.79	98.97
Long-Term Investments	3.93	3.93	1.93	24.89	5.83	1.15
Goodwill	-	-	3.28	12.84	-	-
Other Intangible Assets	209.7	212.65	218.26	60.06	48.82	59.23
Long-Term Deferred Tax Assets	0.09	0.07	0.11	3.28	2.38	1.51
Long-Term Deferred Charges	5.8	6.86	8.34	8.64	9.88	11.63
Other Long-Term Assets	226.69	353.53	260.51	141.69	150.22	93.43
Total Assets	1,890	1,891	1,669	1,468	1,237	940.49

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	77.22	107.13	52.35	51.82	11.44	10.67
Accrued Expenses	8.15	13.55	14.57	11.31	9.75	8.93
Short-Term Debt	142.91	158.11	346.96	91.59	40.98	74.23
Current Portion of Long-Term Debt	44.18	36.38	8.21	3.88	0.2	-
Current Income Taxes Payable	2.59	0.03	0.09	3.8	5.75	2
Current Unearned Revenue	1.44	1.53	5.57	7.52	7.99	10.35
Other Current Liabilities	46.89	10.6	47.29	5.23	1.23	2.36
Total Current Liabilities	323.38	327.31	475.05	175.13	77.34	108.54
Long-Term Debt	390.05	390.32	305.55	309.24	252.99	19
Long-Term Unearned Revenue	8.31	7.07	4.81	5.78	5.9	4.83
Long-Term Deferred Tax Liabilities	0.66	0.76	4.97	8.62	10.31	-
Other Long-Term Liabilities	44	44	-	-	-	-
Total Liabilities	766.4	769.46	790.38	498.78	346.54	132.37

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	152.04	108.72	96	96	96	96
Additional Paid-In Capital	749.44	788.67	457.4	457.97	454.77	454.56
Retained Earnings	118.71	135.41	197.35	281.01	278.73	257.56
Treasury Stock	-7.45	-12	-12	-	-	-
Comprehensive Income & Other	-	-	61.17	61.17	61.19	-
Total Common Equity	1,013	1,021	799.93	896.15	890.69	808.12
Minority Interest	111.27	100.45	78.85	72.95	-0.35	-
Shareholders' Equity	1,124	1,121	878.78	969.1	890.33	808.12
Total Liabilities & Equity	1,890	1,891	1,669	1,468	1,237	940.49

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	577.14	584.81	660.72	404.71	294.17	93.23
Net Cash (Debt)	-541.86	-498.02	-581.29	-138.67	216.53	409.8
Net Cash Growth	-	-	-	-	-47.16%	-19.03%
Net Cash Per Share	-3.27	-3.61	-4.34	-1.03	1.61	3.05
Filing Date Shares Outstanding	150.74	151.25	133.44	134.4	134.4	134.4
Total Common Shares Outstanding	150.74	151.25	133.44	134.4	134.4	134.4
Working Capital	0.15	32.97	-50.77	326.13	634.62	566.03
Book Value Per Share	6.72	6.75	5.99	6.67	6.63	6.01
Tangible Book Value	803.04	808.15	578.39	823.26	841.86	748.89
Tangible Book Value Per Share	5.33	5.34	4.33	6.13	6.26	5.57
Buildings	-	392.14	386.16	337.21	10.25	10.25
Machinery	-	434.72	423.75	141.92	78.91	79.05
Construction In Progress	-	285.5	54.09	306.97	258.1	43.41