SHE:301051 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	537.68	666.13	428.25	702.74	1,159	735.36
Short-Term Investments	120	50	374.21	780	510	260
Trading Asset Securities	32.88	5.15	475	-	10	612.79
Cash & Short-Term Investments	690.56	721.28	1,277	1,483	1,679	1,608
Cash Growth	-25.50%	-43.54%	-13.84%	-11.69%	4.41%	972.66%
Accounts Receivable	415.26	465.17	706.49	686.72	585.61	626.33
Other Receivables	167.67	143.98	122.71	95.83	45.85	55.39
Receivables	582.93	609.15	829.2	782.55	631.46	681.71
Inventory	147.03	203.9	237.01	312.39	217.17	290.69
Other Current Assets	1.75	17.47	42.61	14.7	12.19	48.5
Total Current Assets	1,422	1,552	2,386	2,592	2,540	2,629
Property, Plant & Equipment	2,299	2,389	2,229	1,858	1,699	1,401
Long-Term Investments	-	7.65	7.75	-	-	-
Goodwill	71.28	72.24	74.16	70.73	72.65	74.57
Other Intangible Assets	53.97	36.82	37.71	101.7	104.45	36.8
Long-Term Deferred Tax Assets	148.13	125.1	188.1	106.72	101.38	40.24
Long-Term Deferred Charges	16.76	18.81	79.18	103.83	34.38	48.81
Other Long-Term Assets	69.97	82.55	201.3	129.2	166.71	275.82
Total Assets	4,082	4,284	5,204	4,962	4,719	4,506

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	261.04	434.91	529.35	411.73	311.63	581.26
Accrued Expenses	31.63	35.69	48.33	46.54	40.98	48.74
Short-Term Debt	1,083	1,102	1,342	1,101	929.24	225.52
Current Portion of Long-Term Debt	56.72	63.15	104.57	90.35	77.5	62.5
Current Portion of Leases	11.85	24.3	36.88	19.21	19.18	30.72
Current Income Taxes Payable	0	-	0.15	0.14	0.42	0.39
Current Unearned Revenue	3.01	3.27	5.21	2.79	23.85	4.38
Other Current Liabilities	145.47	192.16	171.27	153.73	133.6	118.35
Total Current Liabilities	1,593	1,856	2,238	1,825	1,536	1,072
Long-Term Debt	357.9	199.27	262.04	163.4	353.5	155
Long-Term Leases	28.19	28.25	65.05	26.17	42.79	82.63
Long-Term Unearned Revenue	31.52	20.82	46.62	27.12	29.68	32.21
Long-Term Deferred Tax Liabilities	70.67	74.56	82.56	76.65	80.7	74.57
Other Long-Term Liabilities	-	-	28.13	-	-	-
Total Liabilities	2,081	2,178	2,723	2,118	2,043	1,416

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	284.26	203.04	168.95	120	80	80
Additional Paid-In Capital	1,800	1,868	1,923	1,930	1,945	1,945
Retained Earnings	-191.69	-77.65	231.88	609.26	568.76	800.64
Comprehensive Income & Other	1.09	-3	-5.57	-5.73	-4.26	1.06
Total Common Equity	1,893	1,990	2,318	2,654	2,590	2,827
Minority Interest	106.9	114.94	162.91	190.18	85.77	263.13
Shareholders' Equity	2,000	2,105	2,481	2,844	2,675	3,090
Total Liabilities & Equity	4,082	4,284	5,204	4,962	4,719	4,506

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	1,538	1,417	1,811	1,400	1,422	556.37
Net Cash (Debt)	-847.4	-695.72	-533.55	83.09	256.85	1,052
Net Cash Growth	-	-	-	-67.65%	-75.58%	-
Net Cash Per Share	-2.97	-2.44	-1.89	0.29	0.91	4.48
Filing Date Shares Outstanding	284.26	284.26	283.84	282.24	282.24	282.24
Total Common Shares Outstanding	284.26	284.26	283.84	282.24	282.24	282.24
Working Capital	-170.75	-303.7	148.06	767.37	1,003	1,557
Book Value Per Share	6.66	7.00	8.17	9.40	9.18	10.02
Tangible Book Value	1,768	1,881	2,206	2,481	2,413	2,716
Tangible Book Value Per Share	6.22	6.62	7.77	8.79	8.55	9.62
Buildings	1,252	1,252	1,082	1,067	1,026	877.23
Machinery	1,789	1,757	1,398	1,116	864.78	597.15
Construction In Progress	3.2	6.51	252.08	43.53	4.61	9.56