SHE:301187 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	685.3	786.94	929.29	1,100	832.82	204.02
Short-Term Investments	-	-	-	-	-	255
Trading Asset Securities	109	123.33	120	200	455	-
Cash & Short-Term Investments	794.3	910.27	1,049	1,300	1,288	459.02
Cash Growth	-28.72%	-13.25%	-19.26%	0.91%	180.56%	35.89%
Accounts Receivable	409.94	293.2	252.41	177.63	175.07	173.01
Other Receivables	32.67	19.27	22.51	11.2	13.01	9.27
Receivables	442.61	312.47	274.93	188.83	188.07	182.28
Inventory	687.97	509.21	211.35	139.89	175.1	215.17
Other Current Assets	111.62	70.61	27.77	17.51	20.59	32.79
Total Current Assets	2,037	1,803	1,563	1,646	1,672	889.26
Property, Plant & Equipment	1,815	1,763	1,241	538.83	194.46	177.99
Long-Term Investments	6.56	6.96	-	-	-	-
Goodwill	66.54	70.36	7.28	7.17	-	-
Other Intangible Assets	150.47	154.64	114.19	110.75	113.83	28.42
Long-Term Deferred Tax Assets	27.32	25.23	26.37	17.18	16.02	11.04
Long-Term Deferred Charges	37.09	32.91	-	-	-	0
Other Long-Term Assets	97.86	103.58	2.62	1.72	40.76	4.53
Total Assets	4,237	3,959	2,955	2,321	2,037	1,111

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	1,261	1,126	765.96	466.56	399.51	483.82
Accrued Expenses	34.98	43.8	36.84	26.24	26.96	16.13
Short-Term Debt	433.59	582.28	402.38	173.77	25.11	-
Current Portion of Long-Term Debt	171.69	113.57	7.24	1.85	1.77	1.58
Current Portion of Leases	-	7.48	3.21	1.42	0.74	0.42
Current Income Taxes Payable	42.21	10.65	15.82	19.91	0.54	-
Current Unearned Revenue	26.88	11.95	13.27	7.24	7.85	5.76
Other Current Liabilities	60.36	51.26	3.54	20.31	4.2	2.31
Total Current Liabilities	2,031	1,947	1,248	717.29	466.69	510.01
Long-Term Debt	659.23	415.82	115.74	54.01	54.88	51.81
Long-Term Leases	29.33	26.22	21.65	0.68	0.54	0.57
Long-Term Unearned Revenue	9.03	7.56	8.81	10.07	11.33	12.59
Long-Term Deferred Tax Liabilities	6.35	7.96	9.4	8.33	9.53	8.78
Other Long-Term Liabilities	52.51	54.63	60.73	37.45	43.43	38.27
Total Liabilities	2,787	2,459	1,465	827.84	586.4	622.03

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	254.93	254.93	182.61	182.61	182.61	136.96
Additional Paid-In Capital	818.98	819.12	910.81	910.81	910.81	63.15
Retained Earnings	390.5	412.26	428.9	415.94	368.9	298.93
Treasury Stock	-9.74	-9.74	-30	-	-	-
Comprehensive Income & Other	-5.75	22.6	-1.64	-15.77	-12.05	-9.83
Total Common Equity	1,449	1,499	1,491	1,494	1,450	489.2
Minority Interest	0.81	0.93	-	-	-	-
Shareholders' Equity	1,450	1,500	1,491	1,494	1,450	489.2
Total Liabilities & Equity	4,237	3,959	2,955	2,321	2,037	1,111

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	1,294	1,145	550.22	231.72	83.05	54.38
Net Cash (Debt)	-499.55	-235.1	499.07	1,068	1,205	404.64
Net Cash Growth	-	-	-53.26%	-11.37%	197.74%	30.14%
Net Cash Per Share	-1.94	-0.92	1.95	4.19	5.12	2.12
Filing Date Shares Outstanding	263.48	253.63	253.14	255.65	255.65	255.65
Total Common Shares Outstanding	263.48	253.63	253.14	255.65	255.65	191.74
Working Capital	5.53	-144.1	315.08	928.47	1,205	379.25
Book Value Per Share	5.50	5.91	5.89	5.84	5.67	2.55
Tangible Book Value	1,232	1,274	1,369	1,376	1,336	460.79
Tangible Book Value Per Share	4.68	5.02	5.41	5.38	5.23	2.40
Land	-	586.37	203.64	127.27	30.56	-
Buildings	-	869.48	194.41	189.66	184.28	192.63
Machinery	-	203.64	86.12	60.43	54.26	46.83
Construction In Progress	-	218.72	842.77	252.22	2.04	-