SHE:301152 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Cash & Equivalents	318.29	134.56	226.72	276.24	324.22	111.23
Short-Term Investments	-	-	-	120.41	311.19	-
Trading Asset Securities	-	-	-	-	255.7	-
Cash & Short-Term Investments	318.29	134.56	226.72	396.65	891.11	111.23
Cash Growth	8.15%	-40.65%	-42.84%	-55.49%	701.17%	-44.10%
Accounts Receivable	944.52	735.72	768.81	957.34	1,011	728.2
Other Receivables	28.54	73.6	77.02	80.02	44.02	3.24
Receivables	973.06	809.32	845.84	1,037	1,055	731.45
Inventory	406.75	389.76	235.3	230.71	697.31	491.39
Other Current Assets	107.92	177.57	249.94	166.12	246.29	154.81
Total Current Assets	1,806	1,511	1,558	1,831	2,889	1,489
Property, Plant & Equipment	786.36	825.53	944.1	1,016	589.98	288.37
Long-Term Investments	28	28	28	93.5	6	-
Goodwill	-	-	-	0.12	-	-
Other Intangible Assets	53.36	55.08	55.44	96.68	82.56	51.89
Long-Term Accounts Receivable	-	3.94	4.64	-	-	-
Long-Term Deferred Tax Assets	90.7	88.72	99.83	63.08	19.13	16.18
Long-Term Deferred Charges	10.89	14.99	11.81	17.58	2.78	-
Other Long-Term Assets	12.03	9.16	79.13	56.07	118.18	13.82
Total Assets	2,787	2,537	2,781	3,174	3,708	1,859

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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Accounts Payable	833.37	575.7	374.16	532.54	427.84	662.41
Accrued Expenses	5.82	7.89	7.96	11.45	5.18	4.73
Short-Term Debt	493.52	402.97	541.73	210.11	334.79	219.53
Current Portion of Long-Term Debt	137.74	227.96	196.49	230.3	14.18	2.23
Current Portion of Leases	-	9.35	4.32	16.49	142.9	11.98
Current Income Taxes Payable	14.2	1.37	1.42	1.42	0.01	4.73
Current Unearned Revenue	0.93	2.98	2.56	31.58	0.31	59.57
Other Current Liabilities	38.55	31.63	54.29	16.31	2.09	8.96
Total Current Liabilities	1,524	1,260	1,183	1,050	927.3	974.15
Long-Term Debt	-	-	142.8	94	216	16.8
Long-Term Leases	3.1	30.8	11.52	1.07	12.96	0.94
Long-Term Unearned Revenue	27.73	28.2	17.3	39.43	38.73	40.22
Long-Term Deferred Tax Liabilities	8.47	9.97	9.93	11.93	13.33	7.74
Other Long-Term Liabilities	-	-4.07	-10.8	-	-	0.62
Total Liabilities	1,563	1,325	1,354	1,197	1,208	1,040

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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Common Stock	118.74	118.74	121.98	121.98	121.98	91.48
Additional Paid-In Capital	1,854	1,854	1,951	1,958	1,958	437.88
Retained Earnings	-758.89	-775.19	-573.83	-117.87	420	289.3
Treasury Stock	-	-	-100.06	-	-	-
Comprehensive Income & Other	-1.96	1.7	-	-18.28	-	-
Total Common Equity	1,212	1,199	1,400	1,944	2,500	818.66
Minority Interest	12.19	12.8	27.49	33.83	-	-
Shareholders' Equity	1,224	1,212	1,427	1,977	2,500	818.66
Total Liabilities & Equity	2,787	2,537	2,781	3,174	3,708	1,859

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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Total Debt	634.36	671.07	896.86	551.98	720.82	251.49
Net Cash (Debt)	-316.07	-536.51	-670.14	-155.32	170.29	-140.26
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-2.70	-4.53	-5.55	-1.27	1.68	-1.54
Filing Date Shares Outstanding	112.09	118.74	118.74	121.98	121.98	91.48
Total Common Shares Outstanding	112.09	118.74	118.74	121.98	121.98	91.48
Working Capital	281.88	251.38	374.86	780.64	1,962	514.73
Book Value Per Share	10.81	10.10	11.79	15.93	20.49	8.95
Tangible Book Value	1,158	1,144	1,344	1,847	2,417	766.77
Tangible Book Value Per Share	10.33	9.63	11.32	15.14	19.82	8.38
Buildings	-	405.17	430.46	387.62	68.15	65.4
Machinery	-	704.64	687.87	697.98	305.67	256.76
Construction In Progress	-	29.69	55.64	67.07	301.64	21.79