SHE:301355 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	186.21	265.08	299.65	399.61	87.78	129.33
Short-Term Investments	-	-	70	112.55	-	-
Trading Asset Securities	-	9	-	-	-	-
Cash & Short-Term Investments	186.21	274.08	369.65	512.16	87.78	129.33
Cash Growth	-38.82%	-25.85%	-27.82%	483.45%	-32.13%	-13.20%
Accounts Receivable	253.2	271.04	246.49	170.91	166.8	139.07
Other Receivables	25.12	25.23	9.39	4.89	4.77	4.28
Receivables	278.32	296.28	255.88	175.8	171.57	143.35
Inventory	282.04	307.3	300.13	229.93	207.2	193.65
Prepaid Expenses	-	0.3	0.01	-	-	-
Other Current Assets	472.62	472.06	85.79	11.26	19.19	18.34
Total Current Assets	1,219	1,350	1,011	929.15	485.74	484.67
Property, Plant & Equipment	1,107	1,146	959.87	575.65	484.21	457.2
Long-Term Investments	19.31	9.82	397.5	536.51	-	-
Goodwill	11.87	11.87	27.2	27.2	27.2	27.2
Other Intangible Assets	52.75	52.38	66.73	71.07	46.39	47.16
Long-Term Deferred Tax Assets	53.89	49.65	40.08	19.78	25.13	17.06
Long-Term Deferred Charges	40.25	45.77	31.73	9.91	11.1	12.09
Other Long-Term Assets	95.19	50.52	49.02	17.57	26.78	17.3
Total Assets	2,599	2,717	2,584	2,187	1,107	1,063

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	245.05	254.23	227.04	182.94	163.84	210.56
Accrued Expenses	26.55	65.77	55.3	40.88	35.72	44.49
Short-Term Debt	518.56	485.53	420.56	303.72	68.04	28.86
Current Portion of Leases	-	34.61	28.76	11.9	11.41	16.62
Current Income Taxes Payable	10.11	5.46	5.7	5.1	-	2.72
Current Unearned Revenue	12.06	9.64	9.89	9.3	9.46	10.82
Other Current Liabilities	71.11	164.76	102.69	29.56	3.47	7.7
Total Current Liabilities	910.51	1,020	849.94	583.4	291.94	321.78
Long-Term Leases	84.78	81.88	88.28	26.9	33.95	48.17
Long-Term Unearned Revenue	27.05	23.69	10.68	12.37	9.31	7.26
Long-Term Deferred Tax Liabilities	41.39	45.96	55.16	42.02	46.14	36.55
Total Liabilities	1,064	1,172	1,004	664.69	381.35	413.76

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	195.1	195.1	195.1	195.1	146.32	146.32
Additional Paid-In Capital	960.89	959.29	958.22	958.22	233.19	233.19
Retained Earnings	329.09	341.64	387.41	369.63	346.43	270.31
Treasury Stock	-20.03	-20.03	-15	-	-	-
Comprehensive Income & Other	-4.91	-1.65	-1.9	-2.06	-0.73	-0.88
Total Common Equity	1,460	1,474	1,524	1,521	725.21	648.94
Minority Interest	75.47	70.61	55.72	1.25	-	-
Shareholders' Equity	1,536	1,545	1,580	1,522	725.21	648.94
Total Liabilities & Equity	2,599	2,717	2,584	2,187	1,107	1,063

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	630.42	602.02	537.61	342.51	113.4	93.65
Net Cash (Debt)	-444.21	-327.94	-167.96	169.65	-25.62	35.68
Net Cash Growth	-	-	-	-	-	-68.77%
Net Cash Per Share	-2.51	-1.74	-0.86	0.99	-0.18	0.24
Filing Date Shares Outstanding	227.64	193.32	193.74	195.1	146.32	146.32
Total Common Shares Outstanding	227.64	193.32	193.74	195.1	146.32	146.32
Working Capital	308.68	330	161.52	345.74	193.8	162.89
Book Value Per Share	6.41	7.63	7.87	7.80	4.96	4.44
Tangible Book Value	1,396	1,410	1,430	1,423	651.62	574.57
Tangible Book Value Per Share	6.13	7.29	7.38	7.29	4.45	3.93
Buildings	-	335.6	231.6	123.53	65.02	44.19
Machinery	-	826.68	696.47	498.78	459.11	444.09
Construction In Progress	-	232.34	218.66	176.04	136.56	82.33