SHE:300909 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	276.01	251.83	325.53	388.06	355.48	358.91
Short-Term Investments	-	-	43.96	111.54	40	50
Trading Asset Securities	80.36	105.36	95.5	55.07	51.25	-
Cash & Short-Term Investments	356.36	357.19	464.98	554.66	446.73	408.91
Cash Growth	-21.86%	-23.18%	-16.17%	24.16%	9.25%	-47.12%
Accounts Receivable	661.71	634.08	582.47	609.18	320.99	356.35
Other Receivables	7.25	27.22	27.15	21.68	27.02	24.51
Receivables	668.95	661.3	609.61	630.86	348.01	380.86
Inventory	399.38	389.69	280.53	223.07	130.8	148.71
Other Current Assets	116.69	83.91	80.05	53.21	37.41	16.59
Total Current Assets	1,541	1,492	1,435	1,462	962.95	955.07
Property, Plant & Equipment	1,603	1,452	1,101	779.9	640.82	392.13
Long-Term Investments	20.51	33.36	30.7	28.12	28.12	14.81
Goodwill	130.25	122.87	159.45	159.45	1.47	-
Other Intangible Assets	76	77.72	82.63	86.93	56.52	9.15
Long-Term Accounts Receivable	-	-	-	0.72	-	-
Long-Term Deferred Tax Assets	32.19	25.56	20.65	12.84	11.43	13.14
Long-Term Deferred Charges	45.79	42.09	51.01	53.48	29.72	30.79
Other Long-Term Assets	36.37	59.73	32.71	110.71	177.5	193.94
Total Assets	3,486	3,306	2,913	2,694	1,909	1,609

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	426.4	428.91	302.73	323.52	158.17	199.86
Accrued Expenses	38.06	33.94	43.36	34.61	23.38	23.61
Short-Term Debt	109.15	158.89	178.06	110.01	72.78	4.85
Current Portion of Long-Term Debt	56.88	31.75	31.39	-	-	-
Current Portion of Leases	35.02	35.94	30.14	35.5	29.22	14.09
Current Income Taxes Payable	0.44	3.67	5.71	5.52	4.25	5
Current Unearned Revenue	22.72	36.77	16.22	11.32	15.79	2.03
Other Current Liabilities	221.53	157.8	74.11	62.11	57.64	33.12
Total Current Liabilities	910.2	887.66	681.72	582.59	361.23	282.57
Long-Term Debt	421.7	304.68	87.34	-	-	-
Long-Term Leases	122.12	133.15	141.6	173.96	181.2	46.17
Long-Term Unearned Revenue	6.55	7.4	6.92	5.06	0.57	1.05
Other Long-Term Liabilities	-	-	-	-	0.7	-
Total Liabilities	1,461	1,333	917.57	761.61	543.71	329.79

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	172.97	172.97	172.97	172.97	151.36	100.91
Additional Paid-In Capital	1,167	1,158	1,154	1,154	701.6	742.81
Retained Earnings	680.34	653.56	678.64	603.84	510.07	431.68
Comprehensive Income & Other	-9.09	-6.5	-7.62	1.29	-0.31	3.83
Total Common Equity	2,011	1,978	1,998	1,932	1,363	1,279
Minority Interest	13.97	-5.14	-2.13	0.36	2.1	-
Shareholders' Equity	2,025	1,973	1,996	1,932	1,365	1,279
Total Liabilities & Equity	3,486	3,306	2,913	2,694	1,909	1,609

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	744.87	664.41	468.52	319.47	283.21	65.11
Net Cash (Debt)	-388.51	-307.22	-3.55	235.19	163.52	343.8
Net Cash Growth	-	-	-	43.83%	-52.44%	-51.26%
Net Cash Per Share	-2.16	-1.76	-0.02	1.43	1.08	2.26
Filing Date Shares Outstanding	172.97	172.97	172.97	172.97	151.36	151.36
Total Common Shares Outstanding	172.97	172.97	172.97	172.97	151.36	151.36
Working Capital	631.18	604.43	753.46	879.21	601.72	672.5
Book Value Per Share	11.63	11.43	11.55	11.17	9.00	8.45
Tangible Book Value	1,805	1,777	1,756	1,686	1,305	1,270
Tangible Book Value Per Share	10.44	10.27	10.15	9.74	8.62	8.39
Buildings	234.41	234.41	217.79	202.5	202.5	-
Machinery	637.24	610.17	521.83	425.16	233.24	172.79
Construction In Progress	836.09	694.76	386.32	83.56	66.05	205.28