SHE:301131 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	130.41	149.8	266.53	201.95	157.83	91.49
Short-Term Investments	-	0.2	26.56	-	50.75	-
Trading Asset Securities	-	-	60.1	-	-	-
Cash & Short-Term Investments	130.41	150	353.19	201.95	208.59	91.49
Cash Growth	-58.85%	-57.53%	74.89%	-3.18%	128.00%	-17.25%
Accounts Receivable	829.77	877.54	803.82	751.69	640.32	646.45
Other Receivables	10.5	15.39	4.45	5.88	9.1	2.07
Receivables	840.27	892.92	808.28	757.57	649.42	648.52
Inventory	300.97	226.07	253.91	250.08	240.59	239.52
Prepaid Expenses	-	-	-	-	-	4.31
Other Current Assets	47.45	26.07	38.59	34.49	11.33	26.03
Total Current Assets	1,319	1,295	1,454	1,244	1,110	1,010
Property, Plant & Equipment	673.78	611.49	500.91	368.14	274.34	200.1
Long-Term Investments	-	10.54	10.27	10.24	-	-
Other Intangible Assets	55.32	56.15	57.2	38.16	20.08	20.61
Long-Term Deferred Tax Assets	5.38	4.97	4.22	4.03	4.73	5.62
Long-Term Deferred Charges	3.73	3.49	5.2	5.24	3.87	2.43
Other Long-Term Assets	7.18	16.87	11	7.7	11.32	4.84
Total Assets	2,064	1,999	2,043	1,678	1,424	1,243

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	287.89	265.38	308.67	280.12	169.06	184.98
Accrued Expenses	6.01	14.61	8.23	10.89	9.28	12.5
Short-Term Debt	113.18	184.56	291	356.45	319.54	322.4
Current Portion of Long-Term Debt	202.23	174.36	80.84	147.33	17.59	30.32
Current Income Taxes Payable	2.62	3.59	0.15	-	-	-
Current Unearned Revenue	4.87	3.28	1.21	1.49	1.13	3.1
Other Current Liabilities	14.03	9.43	10.26	5.13	36.39	130.65
Total Current Liabilities	630.83	655.21	700.36	801.41	552.99	683.95
Long-Term Debt	346.4	476.41	482.17	67.25	81.16	86.61
Long-Term Unearned Revenue	14.23	15.25	14.05	12.65	14.37	16.52
Long-Term Deferred Tax Liabilities	3.4	6.76	0.99	-	-	-
Other Long-Term Liabilities	1.83	1.83	-	-	-	-
Total Liabilities	996.68	1,155	1,198	881.3	648.52	787.08

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	54.66	47.79	47.78	47.78	47.78	35.83
Additional Paid-In Capital	736.47	505.48	504.96	495.77	495.77	198.48
Retained Earnings	278.38	284.45	280.87	260.07	232.47	221.87
Comprehensive Income & Other	2.76	30.95	37.16	1.8	1.49	0.21
Total Common Equity	1,072	868.68	870.77	805.42	777.52	456.38
Minority Interest	-4.46	-25.56	-25.56	-9.13	-1.76	-
Shareholders' Equity	1,068	843.11	845.21	796.29	775.76	456.38
Total Liabilities & Equity	2,064	1,999	2,043	1,678	1,424	1,243

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	661.8	835.33	854	571.02	418.29	439.33
Net Cash (Debt)	-531.4	-685.33	-500.81	-369.07	-209.7	-347.85
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-10.42	-13.86	-10.26	-7.72	-4.68	-9.71
Filing Date Shares Outstanding	48.4	54.66	47.78	47.78	47.78	35.83
Total Common Shares Outstanding	48.4	47.79	47.78	47.78	47.78	35.83
Working Capital	688.27	639.86	753.61	442.68	556.95	325.91
Book Value Per Share	22.15	18.18	18.22	16.86	16.27	12.74
Tangible Book Value	1,017	812.52	813.57	767.26	757.44	435.78
Tangible Book Value Per Share	21.01	17.00	17.03	16.06	15.85	12.16
Buildings	-	366.42	296.76	168.12	118.37	113.34
Machinery	-	301.07	267.22	201.43	161.44	111.82
Construction In Progress	-	87.4	51.4	88.01	62.75	27.19