SHE:301178 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	367.49	307.38	334.62	506.72	595.49	653.7
Trading Asset Securities	-	-	-	20.02	-	-
Cash & Short-Term Investments	367.49	307.38	334.62	526.73	595.49	653.7
Cash Growth	32.74%	-8.14%	-36.47%	-11.55%	-8.91%	256.67%
Accounts Receivable	333.56	327.01	306.47	335.13	306.81	227.51
Other Receivables	8.19	7.78	3.82	5.48	6.43	0.83
Receivables	341.75	334.79	310.29	340.61	313.24	228.33
Inventory	85.7	89.76	81.22	37.31	40.15	55.24
Prepaid Expenses	0.9	2.93	2.17	-	-	0
Other Current Assets	79.65	72.61	68.75	16.72	29.72	20.86
Total Current Assets	875.49	807.47	797.05	921.38	978.6	958.14
Property, Plant & Equipment	453.58	528.08	484.36	77.76	9.57	13.99
Long-Term Investments	4.08	4.08	4.08	4.08	5	5
Goodwill	1.88	1.88	1.88	4.49	2.68	2.68
Other Intangible Assets	0.51	0.53	0.17	1.16	2.1	3.27
Long-Term Accounts Receivable	44.89	54.45	11.51	2.8	3.82	11.96
Long-Term Deferred Tax Assets	34.88	44.83	31.82	20.21	13.8	11.47
Long-Term Deferred Charges	4.03	4.46	2.89	0.56	0.84	1.7
Other Long-Term Assets	-	-	-	11.89	-	-
Total Assets	1,419	1,446	1,334	1,044	1,016	1,008

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	73.52	104.49	310.7	90.92	63.98	77.87
Accrued Expenses	55.05	62.98	61.2	49.88	43.53	46.8
Short-Term Debt	95.58	75.39	46.22	10.92	2	-
Current Portion of Long-Term Debt	65.8	64.57	4.48	-	-	-
Current Portion of Leases	3.64	3.41	2.73	3.43	2.31	4
Current Income Taxes Payable	0.05	0.05	0.07	2.56	4.73	6.57
Current Unearned Revenue	51.54	42.61	48.56	9.78	29.97	39.5
Other Current Liabilities	22.11	22.98	29.17	30.66	18.9	1.17
Total Current Liabilities	367.3	376.47	503.14	198.15	165.44	175.9
Long-Term Debt	248.85	252.56	51.24	-	-	-
Long-Term Leases	6.12	11	5.79	3.01	3.77	5.54
Long-Term Deferred Tax Liabilities	5.23	16.23	7.18	6.89	7.97	8.3
Total Liabilities	627.5	656.27	567.35	208.05	177.18	189.74

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	93.1	66.85	67.11	67.24	65.96	47.11
Additional Paid-In Capital	585.28	605.85	598.3	590.69	572.22	591.06
Retained Earnings	153.01	153.7	146.19	202.35	201.24	180.52
Treasury Stock	-48.65	-48.69	-52.74	-27.88	-	-
Comprehensive Income & Other	-0.91	-0.7	-0.6	-0.67	0.13	0.09
Total Common Equity	781.84	777.01	758.25	831.73	839.55	818.79
Minority Interest	10.01	12.49	8.17	4.55	-0.32	-0.32
Shareholders' Equity	791.84	789.5	766.42	836.28	839.23	818.47
Total Liabilities & Equity	1,419	1,446	1,334	1,044	1,016	1,008

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	419.99	406.93	110.47	17.36	8.08	9.54
Net Cash (Debt)	-52.5	-99.54	224.16	509.37	587.41	644.16
Net Cash Growth	-	-	-55.99%	-13.29%	-8.81%	261.34%
Net Cash Per Share	-0.55	-1.04	2.39	5.69	6.36	9.01
Filing Date Shares Outstanding	91.39	91.88	92.54	93.47	92.34	92.34
Total Common Shares Outstanding	91.39	91.88	92.54	93.47	92.34	92.34
Working Capital	508.19	431	293.91	723.23	813.16	782.24
Book Value Per Share	8.55	8.46	8.19	8.90	9.09	8.87
Tangible Book Value	779.45	774.61	756.21	826.08	834.77	812.84
Tangible Book Value Per Share	8.53	8.43	8.17	8.84	9.04	8.80
Buildings	81.15	81.15	80.82	69.92	2.24	2.24
Machinery	414.5	484.1	52.75	9.03	8.38	8.27
Construction In Progress	18.49	-	350.74	-	-	-