SHE:301296 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	1,226	1,119	519.09	792.5	1,418	346.74
Short-Term Investments	-	4.04	506.74	10.99	-	-
Trading Asset Securities	-	79	135.38	30	34.34	154.35
Cash & Short-Term Investments	1,226	1,202	1,161	833.49	1,453	501.1
Cash Growth	-27.86%	3.51%	39.32%	-42.62%	189.87%	21.24%
Accounts Receivable	947.07	862.84	394.19	613.49	517.69	410.43
Other Receivables	54.46	50.05	4.95	3.02	12.77	8.29
Receivables	1,002	912.89	399.14	616.51	530.45	418.72
Inventory	571.59	558.83	203.39	304.44	262.01	185.58
Other Current Assets	60.15	62.93	33.37	50.83	45.87	22.72
Total Current Assets	2,859	2,737	1,797	1,805	2,291	1,128
Property, Plant & Equipment	1,471	1,454	701.25	530.33	514.8	533.85
Long-Term Investments	1,069	1,055	908.89	647.44	-	-
Goodwill	160.79	160.79	-	-	-	-
Other Intangible Assets	238.69	246.68	86.6	35.7	36.63	37.64
Long-Term Accounts Receivable	-	77.38	-	-	-	-
Long-Term Deferred Tax Assets	74.28	58.68	2.73	0.37	0.22	5.47
Long-Term Deferred Charges	13.76	7.68	6.08	4.71	3.15	3.56
Other Long-Term Assets	231.28	134.04	77.53	109.02	28.94	13.06
Total Assets	6,117	5,931	3,580	3,133	2,875	1,722

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	849.62	852.7	561.21	451.56	389.51	415.96
Accrued Expenses	52.26	98.68	43	31.66	19.55	40.55
Short-Term Debt	386.57	288.99	21.91	154.84	5.88	4.02
Current Portion of Long-Term Debt	368.15	404.55	34.66	154.62	4.5	4.5
Current Portion of Leases	-	6.34	5.9	3.49	0.56	0.77
Current Income Taxes Payable	51.4	43.77	45.78	29.03	15.33	19.98
Current Unearned Revenue	16.52	15.97	3.66	0.84	1.19	5.31
Other Current Liabilities	83.64	81.12	21.73	15.05	8.47	21.49
Total Current Liabilities	1,808	1,792	737.86	841.1	444.99	512.58
Long-Term Debt	1,503	1,369	168.99	26.68	31.18	35.68
Long-Term Leases	9.99	9.04	14.91	10.52	-	0.56
Long-Term Unearned Revenue	16.69	18.71	13.91	20.83	25.36	27.78
Long-Term Deferred Tax Liabilities	44.92	48.55	3.62	7.43	2.61	1.28
Total Liabilities	3,382	3,237	939.29	906.55	504.14	577.89

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	427.12	420.15	420	420	420	357
Additional Paid-In Capital	1,297	1,269	1,275	1,263	1,243	250.54
Retained Earnings	1,034	1,011	1,022	860.43	705.78	536.26
Treasury Stock	-29.95	-29.95	-29.95	-	-	-
Comprehensive Income & Other	-60.18	-44.03	-46.06	-316.91	1.44	-
Total Common Equity	2,669	2,626	2,641	2,226	2,370	1,144
Minority Interest	66.63	67.9	-	-	-	-
Shareholders' Equity	2,735	2,694	2,641	2,226	2,370	1,144
Total Liabilities & Equity	6,117	5,931	3,580	3,133	2,875	1,722

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	2,267	2,078	246.37	350.15	42.12	45.53
Net Cash (Debt)	-1,042	-875.74	914.83	483.34	1,410	455.57
Net Cash Growth	-	-	89.27%	-65.73%	209.60%	24.93%
Net Cash Per Share	-2.46	-2.00	2.19	1.16	3.74	1.28
Filing Date Shares Outstanding	184.22	416.79	416.64	420	420	357
Total Common Shares Outstanding	184.22	416.79	416.64	420	420	357
Working Capital	1,051	944.44	1,059	964.17	1,846	615.53
Book Value Per Share	14.49	6.30	6.34	5.30	5.64	3.20
Tangible Book Value	2,269	2,218	2,554	2,191	2,334	1,106
Tangible Book Value Per Share	12.32	5.32	6.13	5.22	5.56	3.10
Buildings	-	884.47	339.02	278.13	274.73	266.37
Machinery	-	1,965	520.39	491.99	426.18	420.02
Construction In Progress	-	253.43	150.97	32.99	55.76	46.02