SHE:300900 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	200.95	212.28	419.02	381.4	157.56	363.39
Cash & Short-Term Investments	200.95	212.28	419.02	381.4	157.56	363.39
Cash Growth	-56.36%	-49.34%	9.86%	142.06%	-56.64%	-45.60%
Accounts Receivable	994.27	774.24	826.93	740.89	681.42	438.16
Other Receivables	14.76	45.54	3.4	4.9	2.53	6.23
Receivables	1,009	819.78	830.33	745.79	683.95	444.39
Inventory	944.66	819.32	697.77	452.58	316.04	168.98
Prepaid Expenses	-	-	-	-	0.73	0.34
Other Current Assets	101.73	103	108.29	74.99	61.09	41.33
Total Current Assets	2,256	1,954	2,055	1,655	1,219	1,018
Property, Plant & Equipment	2,225	2,334	2,389	2,108	1,328	869.78
Long-Term Investments	72.34	82.88	45.36	51.56	41.64	38.3
Goodwill	295.52	295.52	295.52	295.52	265.97	265.97
Other Intangible Assets	97.65	98.18	84.78	85.06	42.89	40.56
Long-Term Accounts Receivable	-	15.36	-	-	-	-
Long-Term Deferred Tax Assets	62.62	56.33	34.48	33.43	20.25	7.96
Long-Term Deferred Charges	40.37	39.15	28.46	24.71	25.98	11.11
Other Long-Term Assets	178.22	25.14	47.71	103.63	182.7	77.25
Total Assets	5,228	4,901	4,981	4,357	3,126	2,329

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	532.81	500.05	486.82	319.75	218.25	76.63
Accrued Expenses	21.21	35.62	40.34	29.29	29.04	12.14
Short-Term Debt	286.15	196.77	228.54	85.19	140.12	75.86
Current Portion of Long-Term Debt	672.75	692.37	419.19	251.1	55.14	-
Current Portion of Leases	-	123.97	67.72	43.12	44.5	17.96
Current Income Taxes Payable	10.26	7.26	11.74	4.64	8.05	2.94
Current Unearned Revenue	29.79	12.67	7.74	8.93	15.65	13.92
Other Current Liabilities	53.96	47.15	191.99	189.85	40.88	15.82
Total Current Liabilities	1,607	1,616	1,454	931.87	551.63	215.27
Long-Term Debt	1,048	1,528	1,709	1,593	598.01	373.43
Long-Term Leases	32.36	174.85	108.92	52.08	87.26	30.1
Long-Term Unearned Revenue	103.25	73.6	75.51	28.99	15.47	13.43
Long-Term Deferred Tax Liabilities	9.64	9.24	10.6	44.6	28.08	24.59
Other Long-Term Liabilities	233.77	-	-	-	-	-
Total Liabilities	3,034	3,401	3,358	2,650	1,280	656.82

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	327.72	297.18	296.64	211.76	211.47	210.24
Additional Paid-In Capital	1,405	681.73	726.12	754.18	983.25	1,054
Retained Earnings	285.5	267.9	370.12	482.64	420.25	270.64
Treasury Stock	-75.5	-75.5	-43.27	-14.84	-21.21	-
Comprehensive Income & Other	-	81.56	81.65	81.71	-	-
Total Common Equity	1,943	1,253	1,431	1,515	1,594	1,535
Minority Interest	250.69	246.95	191.45	191.33	252.12	137.95
Shareholders' Equity	2,194	1,500	1,623	1,707	1,846	1,673
Total Liabilities & Equity	5,228	4,901	4,981	4,357	3,126	2,329

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	2,040	2,716	2,534	2,024	925.03	497.35
Net Cash (Debt)	-1,839	-2,503	-2,115	-1,643	-767.47	-133.97
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-6.30	-8.57	-7.32	-5.50	-2.59	-0.45
Filing Date Shares Outstanding	323.38	323.88	292.8	295.72	296.06	294.34
Total Common Shares Outstanding	323.38	293.34	292.8	295.72	296.06	294.34
Working Capital	649.44	338.52	601.33	722.9	667.74	803.16
Book Value Per Share	6.01	4.27	4.89	5.12	5.38	5.21
Tangible Book Value	1,550	859.17	1,051	1,135	1,285	1,228
Tangible Book Value Per Share	4.79	2.93	3.59	3.84	4.34	4.17
Buildings	-	920.68	889.99	573.5	416.24	226.18
Machinery	-	1,893	1,771	1,385	883.7	423.16
Construction In Progress	-	138.02	139.24	424.44	181.14	326.77