SHE:301086 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	Dec '21 Dec 31, 2021
Cash & Equivalents	742.94	552.51	235.53	289.74	615.36	548.77
Trading Asset Securities	482.87	481.11	496.75	517.62	403.51	715.75
Cash & Short-Term Investments	1,226	1,034	732.28	807.35	1,019	1,265
Cash Growth	67.15%	41.15%	-9.30%	-20.76%	-19.43%	1477.46%
Accounts Receivable	718.09	354.72	376.96	425.8	439.58	274.2
Other Receivables	30.95	29.8	29.98	4.97	4.98	2.67
Receivables	749.04	384.52	406.94	430.77	444.55	276.87
Inventory	405.74	153.7	119.68	76.59	105.31	82.24
Prepaid Expenses	-	-	-	-	-	0.17
Other Current Assets	323.07	222.62	159.39	35.69	16.69	19.93
Total Current Assets	2,704	1,794	1,418	1,350	1,585	1,644
Property, Plant & Equipment	2,007	1,343	1,057	944.91	616.14	348.74
Long-Term Investments	114.25	92.59	46.79	41.1	10.72	-
Goodwill	25.67	25.67	25.67	25.67	25.67	25.67
Other Intangible Assets	69.18	70.52	72.32	72.89	76.25	79.41
Long-Term Accounts Receivable	0.49	0.9	1.68	2.39	-	-
Long-Term Deferred Tax Assets	35.79	35.97	27.11	24.93	19.09	12.03
Long-Term Deferred Charges	8.69	10.04	5.03	1.41	1.6	3.96
Other Long-Term Assets	136.3	520.06	15.88	5.84	16.86	13.35
Total Assets	5,101	3,893	2,670	2,470	2,352	2,127

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	Dec '21 Dec 31, 2021
Accounts Payable	712.29	583.24	378.79	228.22	304.8	163.22
Accrued Expenses	41.11	50.83	45.75	33.33	53.14	35.43
Short-Term Debt	211.13	221.22	115.9	94.07	30	101.36
Current Portion of Long-Term Debt	71.02	50.46	15.67	9.58	-	-
Current Portion of Leases	2.93	2.06	3.2	3.63	3.66	11.27
Current Income Taxes Payable	17.98	18.46	12.08	14.02	21.74	16.1
Current Unearned Revenue	74.5	112.74	19.41	8.19	13.04	2.54
Other Current Liabilities	2.85	10.1	2.11	3.26	1.05	2.93
Total Current Liabilities	1,134	1,049	592.9	394.3	427.43	332.85
Long-Term Debt	1,981	857.05	114.83	141.26	24.72	-
Long-Term Leases	6.59	6.78	5.16	3.58	2.91	5.77
Long-Term Unearned Revenue	24.21	25.64	7.39	9.56	9.92	6.95
Long-Term Deferred Tax Liabilities	-	0.02	0.02	-	-	0.26
Other Long-Term Liabilities	-	-	-	-	0.77	0.68
Total Liabilities	3,146	1,939	720.3	548.71	465.76	346.5

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	Dec '21 Dec 31, 2021
Common Stock	125.86	90	90	90	60	60
Additional Paid-In Capital	1,339	1,373	1,373	1,374	1,400	1,394
Retained Earnings	528.04	508.73	479.27	450.55	422.69	324.34
Treasury Stock	-20.01	-20.01	-	-	-	-
Total Common Equity	1,973	1,952	1,942	1,914	1,882	1,779
Minority Interest	-17.77	2.34	7.8	6.4	3.57	1.81
Shareholders' Equity	1,955	1,954	1,950	1,921	1,886	1,780
Total Liabilities & Equity	5,101	3,893	2,670	2,470	2,352	2,127

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	Dec '21 Dec 31, 2021
Total Debt	2,273	1,138	254.75	252.13	61.29	118.4
Net Cash (Debt)	-1,047	-103.96	477.53	555.22	957.58	1,146
Net Cash Growth	-	-	-13.99%	-42.02%	-16.45%	-
Net Cash Per Share	-8.29	-0.83	3.79	12.70	7.60	11.49
Filing Date Shares Outstanding	125.39	125.52	126	126	126	126
Total Common Shares Outstanding	125.39	125.52	126	126	126	126
Working Capital	1,570	745.33	825.39	956.1	1,158	1,311
Book Value Per Share	15.73	15.55	15.41	15.19	14.94	14.12
Tangible Book Value	1,878	1,856	1,844	1,816	1,781	1,674
Tangible Book Value Per Share	14.98	14.78	14.64	14.41	14.13	13.28
Buildings	936.15	934.68	697.42	252.47	100.21	75.11
Machinery	330.19	299.27	248.53	220.3	174.49	141.1
Construction In Progress	987.67	314.05	252.78	570.66	405.07	154.14