SHE:300956 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	173.62	195.75	198.56	82.55	136.72	143.86
Trading Asset Securities	-	-	30.14	120.14	208.74	-
Cash & Short-Term Investments	173.62	195.75	228.7	202.68	345.46	143.86
Cash Growth	-26.87%	-14.41%	12.84%	-41.33%	140.13%	383.87%
Accounts Receivable	799.91	909.13	769.18	563.77	412.85	710.43
Other Receivables	29.43	37.07	20.28	11.11	7.55	18.38
Receivables	829.34	946.19	789.46	574.88	420.4	728.81
Inventory	623.41	527.17	421.39	461.82	339.88	392.57
Other Current Assets	62.43	63.98	56.79	66.64	11.45	13.93
Total Current Assets	1,689	1,733	1,496	1,306	1,117	1,279
Property, Plant & Equipment	1,354	1,388	1,337	1,065	883.63	818.15
Long-Term Investments	-	1.99	1.99	1.98	-	-
Goodwill	0.07	0.07	-	-	-	-
Other Intangible Assets	66.53	67.37	68.45	70.07	67.43	68.55
Long-Term Accounts Receivable	3.13	-	-	-	-	-
Long-Term Deferred Tax Assets	14.46	8.1	15.94	25.07	23.64	25.67
Long-Term Deferred Charges	9.21	12.18	13.84	11.34	4.28	2.57
Other Long-Term Assets	196.77	195.55	29.83	9.39	10.68	17.99
Total Assets	3,333	3,407	2,964	2,489	2,107	2,212

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	927.89	929.77	879.14	748.83	403.39	580.79
Accrued Expenses	24.2	22.8	19.46	21.35	14.62	18.48
Short-Term Debt	644.27	652.71	425.13	207.33	176.34	373.33
Current Portion of Long-Term Debt	57.63	21.04	3.67	0.26	-	-
Current Portion of Leases	45.93	45.41	17.64	12.08	11.07	9.95
Current Income Taxes Payable	0.07	3.34	0.04	0.01	-	1.35
Current Unearned Revenue	0.18	0.17	0.31	-	0.76	-
Other Current Liabilities	5.04	65.25	40.54	4.35	3.17	6.4
Total Current Liabilities	1,705	1,740	1,386	994.21	609.36	990.3
Long-Term Debt	162.67	122.23	65.55	1.9	230.99	-
Long-Term Leases	48.86	74.24	39.25	15.44	9.59	31.44
Long-Term Unearned Revenue	78.45	75.22	80.94	87.43	77.23	74.6
Long-Term Deferred Tax Liabilities	1.28	1.84	3.59	13.96	16.95	21.5
Other Long-Term Liabilities	1.19	1.19	1.11	251.65	1.4	-
Total Liabilities	1,998	2,015	1,576	1,365	945.52	1,118

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	215.43	215.43	179.52	132	132	132
Additional Paid-In Capital	870.43	870.43	908.59	585.89	585.87	585.87
Retained Earnings	238.85	292.28	297.11	293.44	328.46	369.55
Comprehensive Income & Other	-6.39	-2.91	-0.12	109.38	109.38	-0.05
Total Common Equity	1,318	1,375	1,385	1,121	1,156	1,087
Minority Interest	17.22	16.21	2.43	3.46	5.64	6.89
Shareholders' Equity	1,336	1,391	1,388	1,124	1,161	1,094
Total Liabilities & Equity	3,333	3,407	2,964	2,489	2,107	2,212

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	959.37	915.63	551.24	237.02	428	414.72
Net Cash (Debt)	-785.75	-719.88	-322.53	-34.33	-82.54	-270.86
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-3.57	-3.29	-1.57	-0.18	-0.43	-1.51
Filing Date Shares Outstanding	215.43	215.43	215.43	190.08	190.08	190.08
Total Common Shares Outstanding	215.43	215.43	215.43	190.08	190.08	190.08
Working Capital	-16.42	-7.41	110.44	311.82	507.83	288.87
Book Value Per Share	6.12	6.38	6.43	5.32	5.50	5.72
Tangible Book Value	1,252	1,308	1,317	1,051	1,088	1,019
Tangible Book Value Per Share	5.81	6.07	6.11	4.95	5.15	5.36
Buildings	712.89	690.44	574.31	450.33	293.63	283.98
Machinery	949.13	970.49	924.51	740.18	672.12	489.98
Construction In Progress	6.34	6.66	90.69	181.76	140.01	135.45