SHE:301075 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	64.92	85.28	262.13	405.27	425.76	610.93
Trading Asset Securities	-	20.04	141.68	77.57	80	-
Cash & Short-Term Investments	64.92	105.32	403.81	482.84	505.76	610.93
Cash Growth	-80.49%	-73.92%	-16.37%	-4.53%	-17.21%	484.67%
Accounts Receivable	101.38	87.89	107.94	85.51	92.3	100.33
Other Receivables	16.61	17.09	19.55	11.2	7.88	2.28
Receivables	117.99	104.98	127.49	96.7	100.18	102.6
Inventory	107.88	83.54	45.85	33.13	32.77	9.82
Prepaid Expenses	-	-	0	0.05	0.06	0.06
Other Current Assets	31.24	35.23	53.61	36.23	8.66	5.64
Total Current Assets	322.04	329.06	630.75	648.95	647.43	729.05
Property, Plant & Equipment	712.57	694.53	652.8	209.8	110.68	103.41
Long-Term Investments	107.75	110.99	108.18	155.36	112.62	-
Goodwill	18.62	18.7	19.22	3.69	-	-
Other Intangible Assets	95.04	76.64	78.48	34.19	21.24	16.85
Long-Term Deferred Tax Assets	0.43	3.49	3.09	1.25	0.78	0.65
Long-Term Deferred Charges	0.36	2.01	2.84	2.7	0.33	1.46
Other Long-Term Assets	53.35	47.8	39.64	16.33	5.8	-
Total Assets	1,310	1,283	1,535	1,072	898.87	851.42

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	113.36	77.29	58.14	26.77	12.13	23.01
Accrued Expenses	4.3	7.63	9	8.58	13.09	10.46
Short-Term Debt	17.71	229.47	275.54	50.13	100.06	20
Current Portion of Long-Term Debt	171.5	108.14	115.21	11.01	-	-
Current Portion of Leases	-	2.22	3.03	0.6	0.29	0.48
Current Income Taxes Payable	0.51	-	1.26	2.41	1.35	2.87
Current Unearned Revenue	13.13	7.55	2.78	5.08	4.16	3.72
Other Current Liabilities	166.64	9.84	44.41	24.6	13.49	2.25
Total Current Liabilities	487.17	442.14	509.37	129.18	144.57	62.79
Long-Term Debt	-	88.5	137.5	118.08	-	-
Long-Term Leases	1.78	3.73	7.21	0.31	0.88	-
Long-Term Unearned Revenue	101.13	105.02	106.9	2.12	-	-
Long-Term Deferred Tax Liabilities	20.16	20.29	20.54	0.9	-	-
Total Liabilities	610.25	659.67	781.52	250.59	145.45	62.79

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	80	80	80	80	80	80
Additional Paid-In Capital	559.22	506.89	506.94	509.22	509.5	520.5
Retained Earnings	19.2	7.47	109.64	182.17	163.32	192.42
Treasury Stock	-	-20.99	-20.99	-	-	-
Comprehensive Income & Other	1.14	1.14	1.14	0.68	-1.3	-
Total Common Equity	659.57	574.51	676.73	772.06	751.53	792.92
Minority Interest	40.36	49.03	76.74	49.61	1.89	-4.28
Shareholders' Equity	699.92	623.54	753.47	821.68	753.41	788.63
Total Liabilities & Equity	1,310	1,283	1,535	1,072	898.87	851.42

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	190.99	432.06	538.5	180.12	101.24	20.48
Net Cash (Debt)	-126.07	-326.74	-134.69	302.72	404.53	590.45
Net Cash Growth	-	-	-	-25.17%	-31.49%	750.31%
Net Cash Per Share	-1.58	-4.13	-1.70	3.85	5.13	9.05
Filing Date Shares Outstanding	81.32	78.96	78.96	80	80	80
Total Common Shares Outstanding	81.32	78.96	78.96	80	80	80
Working Capital	-165.13	-113.07	121.38	519.77	502.85	666.26
Book Value Per Share	8.11	7.28	8.57	9.65	9.39	9.91
Tangible Book Value	545.91	479.17	579.04	734.19	730.29	776.06
Tangible Book Value Per Share	6.71	6.07	7.33	9.18	9.13	9.70
Buildings	-	530.63	506.96	167.55	117.46	103.71
Machinery	-	259.16	251.45	126.2	63.47	60.37
Construction In Progress	-	64.09	5.67	9.08	3.94	0.36