SHE:301200 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	5,255	1,818	1,540	1,919	2,987	220.52
Cash & Short-Term Investments	5,680	1,818	1,540	1,919	2,987	220.52
Cash Growth	320.23%	18.04%	-19.75%	-35.76%	1254.72%	-60.23%
Accounts Receivable	7,125	4,333	2,871	1,775	2,287	2,478
Other Receivables	-	56.45	17.2	19.29	0.44	43.71
Receivables	7,125	4,389	2,888	1,795	2,287	2,522
Inventory	2,491	1,893	898.18	972.12	903.92	1,213
Prepaid Expenses	-	-	-	-	-	3.92
Other Current Assets	468.26	141.02	42.62	20.5	20.22	27.29
Total Current Assets	15,764	8,241	5,369	4,706	6,199	3,986
Property, Plant & Equipment	912.32	813.18	703.26	460.43	255.99	183.17
Long-Term Investments	619.65	54.49	51.31	42.31	39.89	99.46
Goodwill	12.92	12.92	74.32	153.96	12.92	12.92
Other Intangible Assets	440.4	446.44	455.37	466.74	475.8	420.22
Long-Term Accounts Receivable	84.32	418.22	-	-	-	-
Long-Term Deferred Tax Assets	287.4	164.98	49.97	67.09	58.11	50.84
Long-Term Deferred Charges	7.5	13.28	35.52	58.11	75.88	86.29
Other Long-Term Assets	72.51	450.36	447.55	24.04	34.35	5.69
Total Assets	18,201	10,615	7,186	5,979	7,152	4,845

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	3,707	2,810	1,376	649.9	722.51	904.35
Accrued Expenses	487.77	427.58	202.27	228.43	346.65	318.16
Short-Term Debt	1,094	473.73	0.54	75.74	17.17	641.37
Current Portion of Long-Term Debt	-	31.33	1.89	-	-	-
Current Portion of Leases	33.41	16.79	34.72	35.5	45.06	34.37
Current Income Taxes Payable	43.87	102.36	9.25	5.72	37.36	96.11
Current Unearned Revenue	212.53	198.42	54.9	65.75	25.96	61.57
Other Current Liabilities	438.89	239.01	117.46	162.83	105.64	245.98
Total Current Liabilities	6,018	4,299	1,797	1,224	1,300	2,302
Long-Term Debt	-	179.95	211.05	-	-	-
Long-Term Leases	22.26	11.04	12.8	45.01	83.41	98.26
Long-Term Unearned Revenue	2.48	1.05	1.77	2.28	3.45	4.46
Long-Term Deferred Tax Liabilities	41.26	4.55	5.06	5.06	3.79	11.11
Other Long-Term Liabilities	44.2	34.27	22.41	14.35	30.09	35.56
Total Liabilities	6,128	4,530	2,050	1,291	1,421	2,451

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	489.01	425.51	420	420	420	378
Additional Paid-In Capital	9,317	4,511	4,229	4,081	4,070	1,041
Retained Earnings	1,797	1,133	476.91	175.73	1,237	970.5
Comprehensive Income & Other	444.16	0.69	1.15	0.75	0.52	-0.89
Total Common Equity	12,047	6,071	5,127	4,677	5,728	2,388
Minority Interest	25.78	14.05	9.45	11.05	2.85	5.53
Shareholders' Equity	12,073	6,085	5,136	4,689	5,731	2,394
Total Liabilities & Equity	18,201	10,615	7,186	5,979	7,152	4,845

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	1,150	712.85	260.99	156.25	145.64	774
Net Cash (Debt)	4,530	1,105	1,279	1,763	2,842	-553.49
Net Cash Growth	703.42%	-13.60%	-27.44%	-37.96%	-	-
Net Cash Per Share	9.88	2.55	3.02	4.16	6.86	-1.47
Filing Date Shares Outstanding	489.01	425.51	420	420	420	378
Total Common Shares Outstanding	489.01	425.51	420	420	420	378
Working Capital	9,746	3,942	3,572	3,483	4,899	1,685
Book Value Per Share	24.64	14.27	12.21	11.14	13.64	6.32
Tangible Book Value	11,594	5,611	4,597	4,057	5,239	1,955
Tangible Book Value Per Share	23.71	13.19	10.95	9.66	12.47	5.17
Buildings	575.27	575.27	-	-	-	-
Machinery	299.34	241.51	186.55	143.24	133.55	101.32
Construction In Progress	39.78	24.22	556.64	314.08	58.9	0.83