SHE:301073 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	249.97	338.47	397.39	487.05	678.1	222.36
Short-Term Investments	-	20.21	20.89	25	31.95	28.41
Trading Asset Securities	125.2	20	20.28	-	2.01	76.7
Cash & Short-Term Investments	375.17	378.68	438.57	512.05	712.06	327.48
Cash Growth	-8.23%	-13.65%	-14.35%	-28.09%	117.44%	157.25%
Accounts Receivable	90.26	83.68	75.26	79.52	85.72	43.78
Other Receivables	24.48	1.46	0.96	0.56	0.01	0.01
Receivables	114.74	85.14	76.21	80.08	85.74	43.79
Inventory	3.28	3.34	4.66	6.67	0.89	0.93
Prepaid Expenses	-	1.85	1.46	-	1.08	0.06
Other Current Assets	24.99	35.71	48.16	51.44	24.32	23.47
Total Current Assets	518.17	504.72	569.07	650.24	824.09	395.72
Property, Plant & Equipment	1,171	1,164	1,317	1,217	613.92	526.18
Long-Term Investments	20.29	20.16	7.37	9.15	6.41	0.19
Goodwill	108.77	108.77	108.77	108.77	108.77	31.86
Other Intangible Assets	61.53	61.7	62.02	61.92	62.38	1.55
Long-Term Accounts Receivable	-	93.63	93.09	83.57	221.63	231.05
Long-Term Deferred Tax Assets	86.9	81.62	71.87	61.24	48.74	41.08
Long-Term Deferred Charges	254.42	281.47	315.89	230.47	134.51	113.38
Other Long-Term Assets	115.39	21.75	2.59	2.19	1.77	31.76
Total Assets	2,336	2,338	2,547	2,425	2,022	1,373

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	24.39	35.39	54.91	57.96	28.4	14.22
Accrued Expenses	13.59	87.16	46.32	43.38	37.94	15.17
Short-Term Debt	-	8.64	11.12	14.35	22.02	22.87
Current Portion of Long-Term Debt	115.15	-	-	-	-	-
Current Portion of Leases	-	119.84	117.58	110.8	90.06	76.67
Current Income Taxes Payable	11.58	9.66	8.28	15.48	4.89	11.44
Current Unearned Revenue	11.44	16.76	33.43	50.21	46.63	8.67
Other Current Liabilities	79.09	15.5	11.64	13.6	9.19	9.06
Total Current Liabilities	255.25	292.95	283.27	305.77	239.13	158.1
Long-Term Leases	1,194	1,166	1,281	1,130	807.04	728.88
Long-Term Unearned Revenue	9.1	11.33	9.65	12.15	14.63	17.14
Long-Term Deferred Tax Liabilities	1.38	1.38	1.07	1.17	1.54	-
Other Long-Term Liabilities	2.48	2.48	-	-	-	-
Total Liabilities	1,462	1,474	1,575	1,449	1,062	904.12

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	194.45	194.45	194.45	194.45	129.63	80.54
Additional Paid-In Capital	496.73	496.75	571.07	571.07	635.88	187.31
Retained Earnings	197.29	187.79	208.45	212.42	207.83	218.35
Comprehensive Income & Other	0.02	0.02	-	-	-	-
Total Common Equity	888.49	879	973.97	977.94	973.35	486.2
Minority Interest	-14.39	-15.52	-1.4	-2.08	-13.48	-17.57
Shareholders' Equity	874.09	863.48	972.57	975.86	959.87	468.63
Total Liabilities & Equity	2,336	2,338	2,547	2,425	2,022	1,373

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	1,309	1,295	1,409	1,255	919.12	828.43
Net Cash (Debt)	-933.78	-915.97	-970.9	-742.95	-207.06	-500.95
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-5.06	-4.76	-5.01	-3.89	-1.25	-3.44
Filing Date Shares Outstanding	156.16	194.45	194.45	194.45	194.45	181.22
Total Common Shares Outstanding	156.16	194.45	194.45	194.45	194.45	181.22
Working Capital	262.92	211.77	285.8	344.47	584.96	237.62
Book Value Per Share	5.69	4.52	5.01	5.03	5.01	2.68
Tangible Book Value	718.19	708.53	803.18	807.25	802.2	452.8
Tangible Book Value Per Share	4.60	3.64	4.13	4.15	4.13	2.50
Machinery	-	70.79	70.76	60.67	50.66	43.68
Construction In Progress	-	-	18.28	78.7	15.02	27.46