SHE:300911 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	551.1	89.18	925.51	1,455	1,019	961.12
Trading Asset Securities	454.14	411.81	260.87	-	-	280.24
Cash & Short-Term Investments	1,005	501	1,186	1,455	1,019	1,241
Cash Growth	15.92%	-57.77%	-18.48%	42.80%	-17.90%	19.53%
Accounts Receivable	55.21	70.67	162.86	123.35	56.27	70.3
Other Receivables	13.21	33.46	18.96	1.3	10	9.13
Receivables	68.42	104.13	181.82	124.66	66.27	79.44
Inventory	55.98	49.06	81.62	88.23	97.81	105.75
Prepaid Expenses	-	1.77	0.01	4.98	-	2.22
Other Current Assets	69.81	11.92	8.87	15.5	20.91	26.01
Total Current Assets	1,199	667.87	1,459	1,689	1,204	1,455
Property, Plant & Equipment	678.78	670.03	788.92	560.34	448.84	228.81
Long-Term Investments	52.74	756.09	20.99	17.92	24.34	21.82
Other Intangible Assets	79.57	83.92	91.9	71.31	70.33	71.15
Long-Term Accounts Receivable	-	8.42	-	-	-	-
Long-Term Deferred Tax Assets	44.27	43.53	38.61	27.81	36.98	25.19
Long-Term Deferred Charges	-	1.25	1.12	6.52	9.2	4.25
Other Long-Term Assets	13.19	0.46	0.64	2.88	42.33	3.22
Total Assets	2,068	2,232	2,401	2,375	1,836	1,809

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	186.02	237.53	329.62	260.6	315.81	367.73
Accrued Expenses	3.29	18.41	35.83	39.18	30.81	60.11
Current Portion of Long-Term Debt	117.01	0.13	0.08	0.04	-	-
Current Portion of Leases	-	212.45	1.29	1.25	2.35	2.47
Current Income Taxes Payable	4.16	0	12.95	7.14	16.07	23.71
Current Unearned Revenue	22.53	21.64	48.19	27.89	35.61	58.31
Other Current Liabilities	90.57	30.9	24.19	27.74	45.8	64.18
Total Current Liabilities	423.58	521.06	452.16	363.84	446.44	576.51
Long-Term Debt	419.18	408.28	460.41	435.72	-	-
Long-Term Leases	1.07	55.7	1.69	-	1.25	3.44
Long-Term Unearned Revenue	65.63	70.47	79.22	43.84	41.4	36.23
Long-Term Deferred Tax Liabilities	-	-	-	-	3.41	3.03
Total Liabilities	945.93	1,056	993.48	843.4	492.5	619.22

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	183.34	183.34	138.46	106.75	107.4	108.09
Additional Paid-In Capital	683.12	682.98	640.34	670.12	677.29	693.69
Retained Earnings	230.98	285.08	594.33	673.28	558.7	413.84
Treasury Stock	-50	-50	-50	-	-19.1	-42.81
Comprehensive Income & Other	74.64	74.66	84.27	81.91	19.33	17.19
Total Common Equity	1,122	1,176	1,407	1,532	1,344	1,190
Shareholders' Equity	1,122	1,176	1,407	1,532	1,344	1,190
Total Liabilities & Equity	2,068	2,232	2,401	2,375	1,836	1,809

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	537.26	676.56	463.47	437.02	3.6	5.91
Net Cash (Debt)	467.98	-175.56	722.91	1,018	1,016	1,235
Net Cash Growth	10.95%	-	-29.01%	0.27%	-17.80%	18.96%
Net Cash Per Share	2.54	-0.96	4.02	5.64	5.62	6.84
Filing Date Shares Outstanding	183.3	181.05	177.72	180.41	181.5	182.68
Total Common Shares Outstanding	183.3	181.05	177.72	180.41	181.5	182.68
Working Capital	775.87	146.81	1,007	1,325	757.67	878.27
Book Value Per Share	6.12	6.50	7.92	8.49	7.40	6.51
Tangible Book Value	1,043	1,092	1,316	1,461	1,273	1,119
Tangible Book Value Per Share	5.69	6.03	7.40	8.10	7.02	6.12
Buildings	-	445.85	461.57	448.69	293.67	122.76
Machinery	-	481.24	491.56	227.43	141.58	121.13
Construction In Progress	-	4.31	8.27	12.92	106.67	58.38