SHE:301128 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	245.66	298.41	321.34	106.82	379.64	573.42
Short-Term Investments	-	-	-	-	-	17
Trading Asset Securities	30.23	51.25	40.59	307.7	127.85	-
Cash & Short-Term Investments	275.9	349.66	361.94	414.52	507.49	590.42
Cash Growth	-8.98%	-3.39%	-12.69%	-18.32%	-14.04%	503.63%
Accounts Receivable	1,134	676.79	509.87	347.47	172.26	160.78
Other Receivables	23.83	10.9	7.71	6.34	4.89	2.5
Receivables	1,158	687.69	517.58	353.81	177.15	163.27
Inventory	606.59	371.36	332.36	122.34	76.23	47.03
Other Current Assets	75.8	33.48	42.82	2.91	3.99	4.61
Total Current Assets	2,116	1,442	1,255	893.58	764.87	805.33
Property, Plant & Equipment	466.89	299.72	246.25	213.95	192.72	94.03
Long-Term Investments	11.19	72.46	-	5	-	-
Goodwill	180.5	163.55	29.78	29.78	6.7	-
Other Intangible Assets	54.24	29.96	11.79	12.79	3.83	3.1
Long-Term Deferred Tax Assets	67.1	27.3	25.36	23.92	16.95	6.11
Long-Term Deferred Charges	19.48	14.58	9.99	4.66	1.75	2.23
Other Long-Term Assets	81.7	62.89	7.33	4.66	5.99	2.51
Total Assets	2,998	2,113	1,585	1,188	992.81	913.3

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	751.8	381.92	356.74	141.83	53.42	39.07
Accrued Expenses	52.08	71.06	45.82	40.04	21.22	15.18
Short-Term Debt	428.83	199.96	59.73	7.5	-	-
Current Portion of Long-Term Debt	62.57	12.37	-	-	-	-
Current Portion of Leases	35.49	34.62	28.77	19.45	12.89	8.77
Current Income Taxes Payable	9.06	9.39	8.59	2.44	2.82	1.39
Current Unearned Revenue	56.03	97.31	76.68	15.81	3.08	1.61
Other Current Liabilities	11.61	35.68	8.68	12	1.26	12.52
Total Current Liabilities	1,407	842.31	585.01	239.07	94.69	78.53
Long-Term Debt	215.64	153.9	-	-	-	-
Long-Term Leases	75.59	42.68	40	41.57	42.37	-
Long-Term Unearned Revenue	19.93	18.57	14.34	14.72	16.25	6.48
Long-Term Deferred Tax Liabilities	30.9	16.27	16.6	18.14	15.57	8.35
Total Liabilities	1,750	1,074	655.94	313.5	168.89	93.36

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	144.82	103.44	73.89	73.89	73.89	73.89
Additional Paid-In Capital	465.17	467.06	549.03	563.19	563.19	563.19
Retained Earnings	349.71	346.35	249.03	203.21	184.41	182.87
Total Common Equity	959.75	916.86	871.95	840.28	821.48	819.95
Minority Interest	288.3	122.05	57.29	34.56	2.44	-
Shareholders' Equity	1,248	1,039	929.25	874.84	823.92	819.95
Total Liabilities & Equity	2,998	2,113	1,585	1,188	992.81	913.3

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	818.12	443.53	128.5	68.51	55.27	8.77
Net Cash (Debt)	-542.23	-93.88	233.44	346.01	452.23	581.65
Net Cash Growth	-	-	-32.53%	-23.49%	-22.25%	494.66%
Net Cash Per Share	-3.72	-0.65	1.61	2.39	3.12	5.21
Filing Date Shares Outstanding	144.82	144.82	144.82	144.82	144.82	144.82
Total Common Shares Outstanding	144.82	144.82	144.82	144.82	144.82	144.82
Working Capital	709.01	599.87	669.68	654.51	670.18	726.79
Book Value Per Share	6.63	6.33	6.02	5.80	5.67	5.66
Tangible Book Value	725.01	723.35	830.39	797.72	810.94	816.84
Tangible Book Value Per Share	5.01	4.99	5.73	5.51	5.60	5.64
Buildings	7.89	7.89	-	-	-	-
Machinery	474.37	322.81	260.69	217.35	173.82	109.17
Construction In Progress	0.07	1.37	-	-	0.98	-