SHE:301237 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

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	62.45	109.44	56.17	231.84	783.83	53.9
Trading Asset Securities	0.01	-	151.44	231.33	-	-
Cash & Short-Term Investments	62.46	109.44	207.61	463.17	783.83	53.9
Cash Growth	-73.89%	-47.28%	-55.18%	-40.91%	1354.14%	25.97%
Accounts Receivable	196.27	144.91	161.35	88	93.74	116.16
Other Receivables	5.43	5.7	0.77	1.08	1.79	0.07
Receivables	201.7	150.61	162.12	89.09	95.53	116.22
Inventory	204.3	198.73	194.38	186.05	145.34	90.27
Other Current Assets	79.87	78.02	14.54	14.33	5.21	21.45
Total Current Assets	548.32	536.81	578.65	752.64	1,030	281.84
Property, Plant & Equipment	1,129	1,141	794.45	799.19	438.21	278.63
Long-Term Investments	3.03	2.98	3.01	-	-	-
Other Intangible Assets	100.18	101.4	105.55	59.82	57.05	58.31
Long-Term Deferred Tax Assets	4.93	7.24	12.5	1.65	0.33	3.77
Other Long-Term Assets	-	1.4	93.69	1.21	85.76	39.47
Total Assets	1,786	1,791	1,588	1,615	1,611	662.01
Accounts Payable	101.55	151.29	62.01	79.87	34.44	39.17
Accrued Expenses	12.19	15.38	9.26	7.88	4.95	12.61
Short-Term Debt	39.47	53.72	62.71	58.55	30.53	100.63
Current Portion of Long-Term Debt	18.31	2.3	2.02	0.77	0.05	-
Current Portion of Leases	0.67	0.66	-	-	-	-
Current Income Taxes Payable	0.26	0.72	-	2.56	0.55	5.58
Current Unearned Revenue	3.6	4.08	4.73	2.75	1.47	2.41
Other Current Liabilities	0.83	0.88	1.01	0.83	9.26	9.34
Total Current Liabilities	176.87	229.02	141.74	153.21	81.26	169.75
Long-Term Debt	411.7	369.8	67.77	14.94	15.5	-
Long-Term Leases	0.55	0.88	-	-	-	-
Long-Term Unearned Revenue	21.23	22.92	16.5	11.89	12.52	14.14
Long-Term Deferred Tax Liabilities	-	-	-	0.05	2.16	5.74
Total Liabilities	610.35	622.62	226.02	180.09	111.44	189.62
Common Stock	80	80	80	80	80	60
Additional Paid-In Capital	1,111	1,111	1,111	1,111	1,111	113.16
Retained Earnings	6.33	-1.46	188.09	243.22	308.58	299.23
Treasury Stock	-40	-40	-36.89	-	-	-
Total Common Equity	1,157	1,149	1,342	1,434	1,500	472.39
Minority Interest	18.58	19.33	19.52	-0.03	-	-
Shareholders' Equity	1,176	1,169	1,362	1,434	1,500	472.39
Total Liabilities & Equity	1,786	1,791	1,588	1,615	1,611	662.01
Total Debt	470.69	427.35	132.5	74.27	46.08	100.63
Net Cash (Debt)	-408.24	-317.91	75.11	388.9	737.75	-46.73
Net Cash Growth	-	-	-80.69%	-47.28%	-	-
Net Cash Per Share	-5.22	-4.06	0.94	4.78	9.82	-0.78
Filing Date Shares Outstanding	78.18	78.18	78.3	80	80	60
Total Common Shares Outstanding	78.18	78.18	78.3	80	80	60
Working Capital	371.45	307.78	436.91	599.43	948.65	112.1
Book Value Per Share	14.80	14.70	17.14	17.93	18.75	7.87
Tangible Book Value	1,057	1,048	1,237	1,375	1,443	414.08
Tangible Book Value Per Share	13.52	13.40	15.80	17.18	18.03	6.90
Buildings	485.37	483.56	353.02	265.16	90.96	90.88
Machinery	538.55	535.62	634.27	255.79	251.44	237.8
Construction In Progress	442.09	421.35	27.2	432.64	217.2	40.71