SHE:301091 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	586.02	881	873.13	672.52	406.6	690.85
Short-Term Investments	97.87	54.26	-	-	-	-
Trading Asset Securities	129.19	100.28	277	579.59	898.17	1,104
Cash & Short-Term Investments	813.08	1,036	1,150	1,252	1,305	1,794
Cash Growth	-2.62%	-9.96%	-8.14%	-4.04%	-27.29%	380.08%
Accounts Receivable	1,489	1,315	1,202	1,005	962.23	569.08
Other Receivables	29.79	34.48	39.4	29.41	34.45	29.75
Receivables	1,519	1,349	1,241	1,034	996.68	598.83
Inventory	195.5	159.97	178.89	167.84	72.72	19.56
Other Current Assets	28.29	27.32	22.28	49.73	16.38	24.74
Total Current Assets	2,556	2,572	2,592	2,504	2,391	2,438
Property, Plant & Equipment	661.86	685.87	551.69	464.99	448.68	408.46
Long-Term Investments	29.35	70.53	120.11	13.5	10	1.03
Goodwill	39.24	39.3	47.46	56.95	57.11	13.91
Other Intangible Assets	115.99	123.45	117.4	122.83	107.16	94.53
Long-Term Deferred Tax Assets	83.15	76.1	54.03	41.48	30.31	12.99
Long-Term Deferred Charges	47.62	39.91	27.77	8.94	8.64	12.49
Other Long-Term Assets	37.4	15.93	4.86	16.56	37.82	13.29
Total Assets	3,570	3,623	3,516	3,229	3,090	2,994

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	594.99	569.3	591.83	397.51	302.58	184.77
Accrued Expenses	117.31	125.49	188.65	230.81	216.55	168.01
Short-Term Debt	-	92.35	1.7	-	3.52	288.7
Current Portion of Long-Term Debt	6.24	6.24	6.25	6.32	23.55	13.54
Current Portion of Leases	6.73	7.66	9.43	9.43	21.66	19.04
Current Income Taxes Payable	4.93	10.93	8.43	18.44	19.77	6.59
Current Unearned Revenue	92.89	54.08	76.26	34.73	112.46	80.71
Other Current Liabilities	129.23	130.12	93.33	91.02	89.19	53.89
Total Current Liabilities	952.34	996.18	975.88	788.26	789.28	815.25
Long-Term Debt	21.77	24.88	31.1	37.32	43.54	88.24
Long-Term Leases	4.86	7.81	10.43	6.87	20.64	35.65
Long-Term Unearned Revenue	51.26	75.14	40.99	47.29	42.05	28.12
Long-Term Deferred Tax Liabilities	2.62	2.68	2.76	2.24	3.29	0.31
Other Long-Term Liabilities	3.04	3.19	3.5	3.82	4.11	4.42
Total Liabilities	1,036	1,110	1,065	885.79	902.9	971.99

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	527.28	527.28	405.6	312	208	160
Additional Paid-In Capital	1,079	1,076	1,184	1,270	1,364	1,405
Retained Earnings	817.88	785.67	745.6	649.55	500.03	387.8
Comprehensive Income & Other	-0.49	0.14	-0.27	0.09	0.02	-
Total Common Equity	2,424	2,389	2,335	2,232	2,072	1,953
Minority Interest	110.58	124.54	115.94	111.62	115.13	69.48
Shareholders' Equity	2,534	2,513	2,451	2,343	2,187	2,022
Total Liabilities & Equity	3,570	3,623	3,516	3,229	3,090	2,994

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	39.61	138.95	58.91	59.95	112.9	445.16
Net Cash (Debt)	773.48	896.59	1,091	1,192	1,192	1,349
Net Cash Growth	11.90%	-17.84%	-8.47%	0.03%	-11.66%	349.17%
Net Cash Per Share	1.41	1.76	2.06	2.26	2.24	2.56
Filing Date Shares Outstanding	527.28	527.28	527.28	527.28	527.28	527.28
Total Common Shares Outstanding	527.28	527.28	527.28	527.28	527.28	527.28
Working Capital	1,603	1,576	1,616	1,716	1,601	1,622
Book Value Per Share	4.60	4.53	4.43	4.23	3.93	3.70
Tangible Book Value	2,269	2,226	2,170	2,052	1,908	1,844
Tangible Book Value Per Share	4.30	4.22	4.12	3.89	3.62	3.50
Buildings	569.2	569.2	569.2	298.53	298.53	297.68
Machinery	314.87	304.62	142.21	128.5	123.78	110.72
Construction In Progress	1.52	4.12	0.2	180.05	122.99	56.39