SHE:301015 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Cash & Equivalents	1,772	2,137	1,467	1,344	1,048	1,276
Trading Asset Securities	397.03	264.46	44.99	27.62	27.22	40.77
Cash & Short-Term Investments	2,169	2,402	1,512	1,372	1,075	1,317
Cash Growth	8.74%	58.81%	10.23%	27.63%	-18.38%	15.32%
Accounts Receivable	1,531	1,960	2,216	2,464	2,232	1,943
Other Receivables	67.68	76.44	161.58	214.78	44.43	41.34
Receivables	1,598	2,036	2,377	2,679	2,277	1,984
Inventory	1,176	895.57	927.75	861.67	650.1	623.85
Prepaid Expenses	-	-	-	-	0.6	0.55
Other Current Assets	501.39	383.94	293.35	205.94	255.48	165.91
Total Current Assets	5,445	5,718	5,111	5,118	4,258	4,092
Property, Plant & Equipment	903.35	885.47	810.65	672.15	432.99	225.75
Long-Term Investments	1,046	901.78	742.62	263.95	181.57	151.71
Goodwill	112.49	112.49	112.49	107.6	0.69	5.96
Other Intangible Assets	260.65	227.52	227.59	140.09	56.77	28.65
Long-Term Deferred Tax Assets	89.44	86.78	58.1	76.57	36.65	32.85
Long-Term Deferred Charges	71.94	76.7	40.73	34.31	8.01	8.3
Other Long-Term Assets	53.4	103.8	9.43	4.5	55.61	58.02
Total Assets	7,982	8,112	7,113	6,417	5,030	4,603

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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Accounts Payable	850.68	1,219	1,163	1,072	990.3	845.76
Accrued Expenses	287.41	308.27	229.97	206.1	211.14	138.26
Short-Term Debt	2,331	1,932	1,099	513.02	1,165	1,189
Current Portion of Long-Term Debt	50.02	50.69	43.41	61.44	-	-
Current Portion of Leases	27.61	34.26	27.87	20.78	27.34	15.42
Current Income Taxes Payable	39.25	54.64	64.78	101.47	33.99	32.52
Current Unearned Revenue	157.39	146.65	118.52	97.8	92.48	113.78
Other Current Liabilities	65.7	232.03	512.32	319.06	83.54	66.32
Total Current Liabilities	3,809	3,977	3,258	2,392	2,604	2,401
Long-Term Debt	1,315	1,253	1,113	771.93	-	-
Long-Term Leases	99.03	109.6	102.56	87.41	145.34	22.21
Long-Term Unearned Revenue	12	12.91	11.43	13.6	-	-
Long-Term Deferred Tax Liabilities	16.72	17.34	18.39	33.54	1.13	5.85
Other Long-Term Liabilities	-	-	5	-	-	-
Total Liabilities	5,252	5,370	4,508	3,298	2,750	2,429

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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Common Stock	525.62	525.62	525.62	525.61	525.1	525.1
Additional Paid-In Capital	24.34	16.31	-	653.47	411.61	418.31
Retained Earnings	1,749	1,825	1,750	1,610	1,364	1,212
Comprehensive Income & Other	95.64	96.67	98.91	101.63	1.65	2.11
Total Common Equity	2,395	2,463	2,375	2,891	2,302	2,157
Minority Interest	335.68	278.7	229.76	228.4	-22.11	16.76
Shareholders' Equity	2,730	2,742	2,605	3,119	2,280	2,174
Total Liabilities & Equity	7,982	8,112	7,113	6,417	5,030	4,603

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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Total Debt	3,823	3,380	2,385	1,455	1,338	1,226
Net Cash (Debt)	-1,654	-978.05	-872.59	-82.51	-262.71	90.77
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-3.08	-1.83	-1.61	-0.15	-0.50	0.18
Filing Date Shares Outstanding	525.62	525.62	525.62	519.55	525.1	525.1
Total Common Shares Outstanding	525.62	525.62	525.62	519.55	525.1	525.1
Working Capital	1,635	1,740	1,853	2,727	1,654	1,691
Book Value Per Share	4.56	4.69	4.52	5.56	4.38	4.11
Tangible Book Value	2,022	2,123	2,035	2,643	2,245	2,123
Tangible Book Value Per Share	3.85	4.04	3.87	5.09	4.27	4.04
Buildings	611.4	608.41	504.28	464.74	206.13	206.13
Machinery	547.36	544.22	450.97	338.96	91.2	78.02
Construction In Progress	125.84	67.69	152.26	143.29	80.5	8.78