SHE:301198 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	63.19	147.24	319.07	256.11	320.71	506.95
Short-Term Investments	-	-	-	30	-	-
Trading Asset Securities	45.05	-	30.09	100.01	103.49	-
Cash & Short-Term Investments	108.24	147.24	349.16	386.12	424.2	506.95
Cash Growth	-30.89%	-57.83%	-9.57%	-8.98%	-16.32%	979.41%
Accounts Receivable	249.62	265.22	231.34	269.78	241.17	193.67
Other Receivables	4.26	3.62	1.27	2.93	4.17	3.57
Receivables	253.88	268.84	232.61	272.71	245.34	197.25
Inventory	82.91	111.36	92.58	110.73	88.92	69.66
Prepaid Expenses	-	-	-	-	0.75	0.25
Other Current Assets	15.8	14.65	21.41	12.76	10.6	6.28
Total Current Assets	460.84	542.1	695.76	782.32	769.81	780.39
Property, Plant & Equipment	335.44	428.93	411.24	311.03	218.71	146.29
Long-Term Investments	23.53	22.68	21.76	20.92	-	-
Other Intangible Assets	54.05	55.24	56.43	54.37	55.62	46.86
Long-Term Deferred Tax Assets	1.06	1.4	-	2.1	1.9	4.54
Long-Term Deferred Charges	143.57	151	130.91	117.56	74.62	40.27
Other Long-Term Assets	90	0.77	4.4	6.08	2.78	2.21
Total Assets	1,108	1,202	1,320	1,294	1,123	1,021

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	127.69	134.38	114.78	116.74	67.43	48.92
Accrued Expenses	9.82	12.24	11.05	11.34	13.29	11.54
Short-Term Debt	48.97	119.47	212.07	180.15	80.07	27.99
Current Portion of Long-Term Debt	4.5	15	49.94	20.02	-	10.01
Current Portion of Leases	5.42	4.2	4.62	2.92	4.93	3.06
Current Income Taxes Payable	0.94	1.07	1.04	1.71	5.15	2.01
Current Unearned Revenue	0.39	1.34	0.56	0.53	1.4	0.46
Other Current Liabilities	0.6	0.39	0.64	0.32	0.39	0.28
Total Current Liabilities	198.32	288.09	394.7	333.73	172.66	104.27
Long-Term Leases	3.84	3.04	3.08	1.51	3.08	5.21
Long-Term Unearned Revenue	1.01	1.07	-	-	-	-
Long-Term Deferred Tax Liabilities	4.76	4.74	3.87	4.86	1.84	6.39
Other Long-Term Liabilities	0.78	-	-	-	-	-
Total Liabilities	208.7	296.94	401.65	340.1	177.58	115.88

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	169	169	169	169	130	100
Additional Paid-In Capital	508.08	508.08	508.08	511.34	552.02	577.08
Retained Earnings	222.78	228.17	241.49	273.6	263.48	227.61
Comprehensive Income & Other	-0.07	-0.07	-	-	-	-
Total Common Equity	899.79	905.18	918.56	953.94	945.5	904.68
Minority Interest	-	-	0.29	0.34	0.36	-
Shareholders' Equity	899.79	905.18	918.85	954.28	945.86	904.68
Total Liabilities & Equity	1,108	1,202	1,320	1,294	1,123	1,021

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	62.73	141.71	269.71	204.6	88.08	46.27
Net Cash (Debt)	45.51	5.53	79.45	181.52	336.12	460.68
Net Cash Growth	-	-93.03%	-56.23%	-46.00%	-27.04%	997.90%
Net Cash Per Share	0.26	0.03	0.47	1.06	1.99	3.56
Filing Date Shares Outstanding	169	169	169	169	169	169
Total Common Shares Outstanding	169	169	169	169	169	169
Working Capital	262.51	254.01	301.06	448.59	597.15	676.12
Book Value Per Share	5.32	5.36	5.44	5.64	5.59	5.35
Tangible Book Value	845.74	849.93	862.14	899.57	889.88	857.82
Tangible Book Value Per Share	5.00	5.03	5.10	5.32	5.27	5.08
Buildings	280.44	362.43	218.39	91.48	91.12	90.15
Machinery	192.96	187.28	177.35	136.05	125.51	91.29
Construction In Progress	2.96	7.1	114.48	161.29	61.22	8.4