SHE:301125 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	50.81	77.87	58.65	72.81	147.64	28.3
Trading Asset Securities	-	-	-	-	50	-
Cash & Short-Term Investments	50.81	77.87	58.65	72.81	197.64	28.3
Cash Growth	28.84%	32.76%	-19.44%	-63.16%	598.42%	-45.24%
Accounts Receivable	134.55	133.81	81.41	40.07	15.52	55.47
Other Receivables	28.8	9.59	5.26	2.74	2.13	7.33
Receivables	163.34	143.4	86.67	42.81	17.64	62.8
Inventory	174.93	133.1	132.12	124.68	81.97	93.27
Prepaid Expenses	-	-	-	-	0.46	-
Other Current Assets	42.47	38.97	47.72	69.17	33.25	13.35
Total Current Assets	431.56	393.34	325.16	309.47	330.96	197.72
Property, Plant & Equipment	549.86	565.77	552.4	577.53	300.6	205.04
Long-Term Investments	41.49	-	-	-	0.77	-
Goodwill	19.03	19.03	19.03	19.03	-	-
Other Intangible Assets	119.46	121.37	124.52	148.62	78.22	74.79
Long-Term Deferred Tax Assets	2.32	3.74	3.52	6.72	5.33	4.81
Long-Term Deferred Charges	3.57	3.98	3.82	4.05	-	-
Other Long-Term Assets	27.79	32.51	35.1	3.88	3.4	2.41
Total Assets	1,195	1,140	1,064	1,069	719.28	484.76

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	160.67	126.56	112.34	121.05	35.78	38.45
Accrued Expenses	17.21	26.23	23.02	26.13	11.83	11.92
Short-Term Debt	45.02	29.87	30.02	63.05	9.81	83.11
Current Portion of Long-Term Debt	153.78	146.58	53.42	31.23	-	-
Current Portion of Leases	-	4.21	4.4	4.22	3.75	2.32
Current Income Taxes Payable	3.06	0.41	0.35	5.51	0.37	2.38
Current Unearned Revenue	27.77	16.96	14.5	20.65	14.52	18.05
Other Current Liabilities	8.13	6.18	3.14	4.73	1.94	0.54
Total Current Liabilities	415.64	357.01	241.19	276.58	78	156.77
Long-Term Debt	129.7	108.3	152.13	107.48	-	-
Long-Term Leases	14.84	17.94	-	4.4	2.57	5.97
Long-Term Unearned Revenue	2.02	2.37	3.07	3.77	4.26	3.4
Long-Term Deferred Tax Liabilities	2.08	0.16	-	0.39	7.01	5.4
Other Long-Term Liabilities	-	-	-	14.55	-	-
Total Liabilities	564.28	485.78	396.39	407.17	91.85	171.54

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	198.32	141.76	141.76	101.36	72.4	54.3
Additional Paid-In Capital	339.25	394.64	398.15	419.45	441.54	116.77
Retained Earnings	48.27	65.78	65.13	57.77	110.92	139.83
Treasury Stock	-5.02	-5.02	-5.02	-	-	-
Comprehensive Income & Other	4.69	4.24	3.42	3.03	2.56	2.32
Total Common Equity	585.51	601.38	603.44	581.61	627.43	313.22
Minority Interest	45.3	52.57	63.72	80.53	-	-
Shareholders' Equity	630.81	653.95	667.16	662.14	627.43	313.22
Total Liabilities & Equity	1,195	1,140	1,064	1,069	719.28	484.76

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	343.33	306.9	239.97	210.38	16.13	91.4
Net Cash (Debt)	-292.52	-229.03	-181.32	-137.57	181.51	-63.1
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.47	-1.15	-0.91	-0.69	1.02	-0.42
Filing Date Shares Outstanding	197.63	197.95	197.95	198.67	198.67	149
Total Common Shares Outstanding	197.63	197.95	197.95	198.67	198.67	149
Working Capital	15.92	36.33	83.98	32.89	252.95	40.95
Book Value Per Share	2.96	3.04	3.05	2.93	3.16	2.10
Tangible Book Value	447.02	460.99	459.89	413.96	549.2	238.43
Tangible Book Value Per Share	2.26	2.33	2.32	2.08	2.76	1.60
Buildings	-	456.3	454.68	495.33	71.85	71.85
Machinery	-	224.29	188.75	138.4	76.78	68.26
Construction In Progress	-	11.41	10.34	16.5	202.52	100.14