SHE:301096 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	334.9	292.6	428.97	881.93	1,239	2,013
Trading Asset Securities	60	80	83	-	-	-
Cash & Short-Term Investments	394.9	372.6	511.97	881.93	1,239	2,013
Cash Growth	-30.42%	-27.22%	-41.95%	-28.81%	-38.46%	1406.49%
Accounts Receivable	963.78	902	744.4	532.18	254.49	124.41
Other Receivables	10.46	9.76	3.16	4.1	4.79	4.1
Receivables	974.24	911.77	747.56	536.28	259.28	128.5
Inventory	195.23	176.44	177.34	93.17	66.05	22.85
Prepaid Expenses	-	-	-	-	1.83	-
Other Current Assets	98.9	91.28	108.61	96.4	43.94	61.2
Total Current Assets	1,663	1,552	1,545	1,608	1,610	2,226
Property, Plant & Equipment	1,712	1,777	1,832	1,741	1,075	566.63
Long-Term Investments	206.53	202.5	187.78	136.87	81.12	5.77
Other Intangible Assets	88.33	89.8	93.43	92.07	82.37	60.79
Long-Term Accounts Receivable	26.06	-	-	-	1.91	1.95
Long-Term Deferred Tax Assets	37.74	36.87	35.55	48.43	53.41	22.86
Long-Term Deferred Charges	1.72	1.08	1.42	0.25	3.99	14.41
Other Long-Term Assets	14.48	27.05	25.8	43.14	21.6	26.92
Total Assets	3,751	3,686	3,721	3,669	2,930	2,925

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	103.41	48.78	41.82	130.25	167.03	12.64
Accrued Expenses	22.93	30.98	39.9	73.4	44.69	54.8
Short-Term Debt	493.09	510.61	360.08	369.32	-	5.01
Current Portion of Long-Term Debt	195.83	169.74	104.25	-	-	220.32
Current Portion of Leases	0.24	0.62	0.73	0.38	8.84	8.8
Current Income Taxes Payable	-	-	0.03	5.06	5.73	6.17
Current Unearned Revenue	83.15	76.06	112.42	74.01	62.61	71.17
Other Current Liabilities	3.02	83.12	110.14	193.77	1.8	93.79
Total Current Liabilities	901.67	919.91	769.38	846.19	290.7	472.69
Long-Term Debt	284.73	189.51	244	-	-	40.44
Long-Term Leases	0.35	2.34	2.92	0.93	-	8.14
Long-Term Unearned Revenue	19.86	23.72	31.48	40.67	1.45	-
Long-Term Deferred Tax Liabilities	-	-	-	-	4.32	0.01
Other Long-Term Liabilities	50.14	61.84	94.02	97.17	150.97	85.83
Total Liabilities	1,257	1,197	1,142	984.97	447.45	607.1

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	109.23	109.23	109.23	108.92	108.17	108.17
Additional Paid-In Capital	2,109	2,107	2,107	2,127	2,061	2,026
Retained Earnings	324.69	323.09	413.49	498.68	313.24	183.98
Treasury Stock	-50	-50	-50	-50	-	-
Comprehensive Income & Other	-0.17	-0.18	-0.14	-0.14	-	-
Total Common Equity	2,492	2,489	2,579	2,684	2,483	2,318
Minority Interest	1.44	-	-	-	-0.26	-0.14
Shareholders' Equity	2,494	2,489	2,579	2,684	2,482	2,318
Total Liabilities & Equity	3,751	3,686	3,721	3,669	2,930	2,925

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	974.23	872.82	711.99	370.64	8.84	282.7
Net Cash (Debt)	-579.34	-500.22	-200.02	511.29	1,230	1,730
Net Cash Growth	-	-	-	-58.43%	-28.92%	-
Net Cash Per Share	-4.22	-4.59	-1.86	4.72	11.34	21.34
Filing Date Shares Outstanding	108.45	108.45	108.45	108.14	108.17	108.17
Total Common Shares Outstanding	108.45	108.45	108.45	108.14	108.17	108.17
Working Capital	761.6	632.17	776.1	761.59	1,319	1,753
Book Value Per Share	22.98	22.95	23.78	24.82	22.95	21.43
Tangible Book Value	2,404	2,399	2,486	2,592	2,400	2,257
Tangible Book Value Per Share	22.17	22.12	22.92	23.97	22.19	20.87
Buildings	986.83	980.29	863.44	859.97	196.19	196.14
Machinery	1,227	1,194	1,079	629.96	42.96	319.94
Construction In Progress	70.52	66.67	206.66	448.82	546.21	104.08