SHE:301408 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	1,001	957.97	1,002	1,336	482.1	284.51
Trading Asset Securities	32	22	10	12.41	-	0.5
Cash & Short-Term Investments	1,033	979.97	1,012	1,349	482.1	285.01
Cash Growth	21.71%	-3.13%	-24.99%	179.76%	69.16%	23.37%
Accounts Receivable	515.11	588.83	472.6	513.14	470.77	294.32
Other Receivables	8.54	9.6	8.81	36.24	34.52	30.82
Receivables	523.65	598.43	481.42	549.38	505.29	325.14
Inventory	1,069	1,055	863.84	772.09	545.01	436.19
Prepaid Expenses	13.61	13.55	15.63	8.27	2.52	4.22
Other Current Assets	244.85	266.34	224.87	147.78	165.22	62.74
Total Current Assets	2,884	2,913	2,597	2,826	1,700	1,113
Property, Plant & Equipment	990.46	985	967.8	870.15	533.42	542.53
Long-Term Investments	45.52	45.52	82.2	92.81	25.45	8.92
Goodwill	1,299	1,282	988.37	609.31	190.06	190.06
Other Intangible Assets	62.22	63.9	67.21	62.51	33	8.26
Long-Term Deferred Tax Assets	48.54	51.78	40.65	32.83	21.92	15.17
Long-Term Deferred Charges	82.23	82.96	59.03	52.11	58.97	92.32
Other Long-Term Assets	56.62	63.84	25.48	65.74	13.23	0.5
Total Assets	5,468	5,488	4,828	4,612	2,576	1,971

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	1,484	1,666	1,158	1,027	698.74	468.23
Accrued Expenses	160.99	174.24	140.25	99.84	101.68	79.98
Short-Term Debt	560.89	345.3	316.92	513.51	340.31	150.77
Current Portion of Long-Term Debt	147.39	179.36	116.02	10.25	-	-
Current Portion of Leases	215.46	199.71	210.44	193.64	154.24	144
Current Income Taxes Payable	24.91	38.14	20.63	12.3	34.63	13.15
Current Unearned Revenue	38.17	42.86	37.11	27.06	19.41	11.25
Other Current Liabilities	37.09	39.74	178.94	80.31	12.7	15.25
Total Current Liabilities	2,669	2,686	2,179	1,964	1,362	882.64
Long-Term Debt	409.62	407.08	358.83	331.15	18.95	-
Long-Term Leases	203.12	220.08	222.85	237.65	248.51	303.03
Long-Term Unearned Revenue	1.99	1.81	0.81	0.91	-	-
Long-Term Deferred Tax Liabilities	5.97	6.2	6.65	6.32	-	-
Other Long-Term Liabilities	4.5	4.5	-	95.4	-	0.33
Total Liabilities	3,294	3,325	2,768	2,635	1,629	1,186

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	400.01	400.01	400.01	400.01	340	340
Additional Paid-In Capital	842.8	916.8	977.86	1,014	194.7	192.99
Retained Earnings	876.08	780.17	627.42	529.39	412.58	251.81
Total Common Equity	2,119	2,097	2,005	1,944	947.28	784.8
Minority Interest	54.91	66.13	55.14	33	-0.27	0.25
Shareholders' Equity	2,174	2,163	2,060	1,977	947.01	785.05
Total Liabilities & Equity	5,468	5,488	4,828	4,612	2,576	1,971

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	1,536	1,352	1,225	1,286	762.02	597.8
Net Cash (Debt)	-503.6	-371.57	-213.43	62.53	-279.92	-312.8
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.26	-0.93	-0.53	0.16	-0.82	-0.94
Filing Date Shares Outstanding	400.01	400.01	400.01	400.01	340	340
Total Common Shares Outstanding	400.01	400.01	400.01	400.01	340	340
Working Capital	214.34	227.37	418.84	862.52	338.42	230.65
Book Value Per Share	5.30	5.24	5.01	4.86	2.79	2.31
Tangible Book Value	757.61	750.67	949.71	1,272	724.22	586.49
Tangible Book Value Per Share	1.89	1.88	2.37	3.18	2.13	1.72
Buildings	404.76	382.39	219.2	238.73	23.15	23.15
Machinery	341.5	337.07	297.24	270.16	79.38	65.74
Construction In Progress	35.91	34.73	168.66	61.34	32.24	0.25