SHE:301307 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	Dec '21 Dec 31, 2021
Cash & Equivalents	643.64	515.62	539.54	428.98	573.18	214.18
Trading Asset Securities	-	-	-	296.62	-	-
Cash & Short-Term Investments	643.64	515.62	539.54	725.61	573.18	214.18
Cash Growth	1.71%	-4.43%	-25.64%	26.59%	167.61%	-35.61%
Accounts Receivable	1,637	1,442	1,337	935.95	1,052	887.38
Other Receivables	29.07	21.22	15.91	15.64	25.51	22.96
Receivables	1,666	1,463	1,353	951.59	1,077	910.34
Inventory	829.52	823.51	742.4	592.24	582.62	410.01
Other Current Assets	54.91	55.57	88.01	21.09	16.26	13.44
Total Current Assets	3,194	2,858	2,723	2,291	2,249	1,548
Property, Plant & Equipment	4,269	4,202	3,661	2,941	2,235	1,456
Long-Term Investments	-	-	-	-	-	0.5
Goodwill	-	-	1.04	1.04	1.04	1.04
Other Intangible Assets	156.47	159.57	161.45	162.75	126.17	99.04
Long-Term Accounts Receivable	5.88	14.32	14.05	15.68	28.03	30.21
Long-Term Deferred Tax Assets	86.42	86.7	90.98	39.15	90.98	43.08
Long-Term Deferred Charges	235.64	239.34	204.01	171.12	122.48	102.89
Other Long-Term Assets	88.35	35.16	272.57	76.69	70.36	111.58
Total Assets	8,037	7,595	7,128	5,697	4,923	3,392

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	Dec '21 Dec 31, 2021
Accounts Payable	1,944	1,899	1,735	1,366	1,586	846.72
Accrued Expenses	137.49	128.97	102.16	80.02	86.5	83.47
Short-Term Debt	1,247	874.5	750.78	333.21	576.34	569.21
Current Portion of Long-Term Debt	745.06	710.03	323.62	147.78	73.39	52.64
Current Portion of Leases	24	18.51	15.17	14.76	38.78	55.49
Current Income Taxes Payable	0.07	1.27	-	4.63	0.05	0.05
Current Unearned Revenue	159.5	65.11	22.62	8.65	13.4	7.84
Other Current Liabilities	8.27	8.04	5.23	4.69	5.26	4
Total Current Liabilities	4,265	3,705	2,955	1,960	2,380	1,619
Long-Term Debt	999.3	1,059	824.57	234.57	685.39	192.45
Long-Term Leases	113.81	117	113.83	102.44	125.82	109.86
Long-Term Unearned Revenue	210.34	204.55	150.04	131.31	120.67	110.29
Long-Term Deferred Tax Liabilities	1.81	1.99	2.56	1.98	56.82	30.43
Other Long-Term Liabilities	115.53	-	-	-	-	-
Total Liabilities	5,706	5,088	4,046	2,430	3,369	2,062

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	Dec '21 Dec 31, 2021
Common Stock	210.6	210.6	210.6	210.6	157.6	157.6
Additional Paid-In Capital	2,584	2,584	2,584	2,584	1,060	1,060
Retained Earnings	-452.55	-287.39	279.31	468.41	332.54	108.62
Comprehensive Income & Other	-17.89	-5.95	4.07	-	-	-
Total Common Equity	2,324	2,501	3,078	3,263	1,550	1,326
Minority Interest	6.28	6.33	4.57	4.3	4.33	3.95
Shareholders' Equity	2,330	2,508	3,082	3,267	1,554	1,330
Total Liabilities & Equity	8,037	7,595	7,128	5,697	4,923	3,392

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	Dec '21 Dec 31, 2021
Total Debt	3,129	2,779	2,028	832.76	1,500	979.66
Net Cash (Debt)	-2,485	-2,263	-1,488	-107.15	-926.53	-765.47
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-11.81	-10.75	-7.07	-0.56	-5.88	-4.86
Filing Date Shares Outstanding	210.6	210.6	210.6	210.6	157.6	157.6
Total Common Shares Outstanding	210.6	210.6	210.6	210.6	157.6	157.6
Working Capital	-1,071	-847.88	-231.55	330.6	-130.7	-71.46
Book Value Per Share	11.04	11.88	14.61	15.49	9.83	8.41
Tangible Book Value	2,168	2,342	2,915	3,099	1,423	1,226
Tangible Book Value Per Share	10.29	11.12	13.84	14.72	9.03	7.78
Land	5.76	5.76	5.89	-	-	-
Buildings	1,547	1,458	1,469	957.83	561.1	552.63
Machinery	4,107	3,977	3,340	2,725	2,062	1,484
Construction In Progress	483.97	449.34	160.18	322.25	419.39	104.21