SHE:301130 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	112.37	29.51	190.68	334.37	202.78	148.63
Short-Term Investments	-	-	0.05	2.76	0.14	1.57
Trading Asset Securities	111.41	206.95	84.93	213.15	413.17	65
Cash & Short-Term Investments	223.77	236.46	275.65	550.28	616.08	215.2
Cash Growth	-13.99%	-14.22%	-49.91%	-10.68%	186.28%	22.20%
Accounts Receivable	50.79	55.73	57.43	49.14	56.78	58.44
Other Receivables	3.47	2.35	3.96	3.66	3.23	3.36
Receivables	54.26	58.08	61.39	52.81	60.01	61.8
Inventory	31.72	28.19	27.97	27.36	20.7	26.58
Other Current Assets	24.15	20.14	7.89	3.31	7.37	11.35
Total Current Assets	333.9	342.86	372.91	633.76	704.17	314.93
Property, Plant & Equipment	546.81	538.02	507.79	371.64	267.94	240.97
Long-Term Investments	1	1	-	-	-	-
Goodwill	30.57	30.57	30.57	-	-	-
Other Intangible Assets	135.06	96.77	99.85	25.57	26.63	27.68
Long-Term Deferred Tax Assets	11.28	10.02	7.92	7.59	7.85	7.9
Long-Term Deferred Charges	0.86	0.86	-	-	-	-
Other Long-Term Assets	5.87	41.47	43.54	28.63	10.42	3.13
Total Assets	1,065	1,062	1,063	1,067	1,017	594.61

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	57.62	48.84	42.43	28.45	6.12	6.24
Accrued Expenses	2.24	19.64	17	14.46	20.88	21.34
Short-Term Debt	12.13	11.53	10	-	-	-
Current Portion of Leases	-	0.08	0.12	0.12	-	-
Finance Div. Other Current Liabilities	-	-	-	-	1.5	-
Current Income Taxes Payable	1.63	0	2.08	0.48	-	0.08
Current Unearned Revenue	4.66	3.03	2.42	5.41	6.3	3.3
Other Current Liabilities	21.99	5.3	5.06	4.78	3.94	3.73
Total Current Liabilities	100.28	88.42	79.11	53.7	38.74	34.69
Long-Term Leases	-	-	0.08	0.2	-	-
Long-Term Unearned Revenue	31.84	33.6	37.12	29.61	32.7	35.78
Long-Term Deferred Tax Liabilities	4.62	4.78	5.11	0.74	0.28	-
Other Long-Term Liabilities	-	-	-	0.08	-	-
Total Liabilities	164.57	126.8	121.41	84.33	71.71	70.47

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	76.49	76.49	80.8	80.8	80.8	60.6
Additional Paid-In Capital	364.22	363.57	461.37	461.37	461.37	90.64
Retained Earnings	460.93	462.95	460.94	440.69	403.11	372.9
Treasury Stock	-30.99	-	-100.01	-	-	-
Comprehensive Income & Other	0.71	1.25	2.64	-	-	-
Total Common Equity	871.36	904.27	905.75	982.86	945.29	524.14
Minority Interest	29.4	30.51	35.42	-	-	-
Shareholders' Equity	900.77	934.78	941.16	982.86	945.29	524.14
Total Liabilities & Equity	1,065	1,062	1,063	1,067	1,017	594.61

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	39.98	11.61	10.2	0.32	-	-
Net Cash (Debt)	183.79	224.85	265.46	549.96	616.08	215.2
Net Cash Growth	-26.49%	-15.30%	-51.73%	-10.73%	186.28%	22.20%
Net Cash Per Share	2.41	2.94	3.41	6.81	7.96	3.55
Filing Date Shares Outstanding	75.48	76.49	76.49	80.8	80.8	80.8
Total Common Shares Outstanding	75.48	76.49	76.49	80.8	80.8	60.6
Working Capital	233.62	254.44	293.8	580.06	665.44	280.24
Book Value Per Share	11.54	11.82	11.84	12.16	11.70	8.65
Tangible Book Value	705.74	776.93	775.33	957.29	918.66	496.46
Tangible Book Value Per Share	9.35	10.16	10.14	11.85	11.37	8.19
Buildings	-	510.46	396.8	306.44	276.72	265.7
Machinery	-	162.11	121.2	108.6	104.63	102.37
Construction In Progress	-	95.71	192.83	134.86	52.53	13.93