SHE:301505 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	148.07	163.77	159.56	270.94	270.94	261.27
Short-Term Investments	-	-	-	168.38	-	-
Trading Asset Securities	350.15	387.77	439.23	230.15	-	-
Cash & Short-Term Investments	498.22	551.54	598.8	669.47	270.94	261.27
Cash Growth	-6.97%	-7.89%	-10.56%	147.09%	3.70%	-6.26%
Accounts Receivable	213.45	248.37	289.08	302.23	247.13	197.15
Other Receivables	17.31	16.13	25.89	11.65	23.34	5.49
Receivables	230.76	264.5	314.98	313.88	270.47	202.64
Prepaid Expenses	0	0	0	0	0	0
Other Current Assets	21.36	70.42	15.41	9.31	7.27	9.43
Total Current Assets	750.33	886.46	929.18	992.66	548.69	473.34
Property, Plant & Equipment	89.7	79.16	272.37	189.86	136.97	95.99
Long-Term Investments	36.78	33.62	20.43	4.91	4.92	4.89
Goodwill	11.48	11.48	8.41	10.8	10.8	10.8
Other Intangible Assets	30.13	30.9	46.95	48.62	22.71	23.29
Long-Term Deferred Tax Assets	44.33	41.01	36.23	28.78	23.85	19.39
Long-Term Deferred Charges	2.78	2.82	3.49	3.87	7.75	6.69
Other Long-Term Assets	300.61	276.32	63.4	67.2	14.25	10.38
Total Assets	1,266	1,362	1,380	1,347	769.95	644.77

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	100.23	110.48	110.05	105.88	103.56	87.14
Accrued Expenses	54.43	69.51	70.99	67.99	62.22	54.42
Short-Term Debt	-	-	6.45	42.43	-	-
Current Portion of Long-Term Debt	19.1	18.46	-	-	-	-
Current Portion of Leases	4.53	7.06	6.11	5.32	6.39	7.37
Current Income Taxes Payable	0.23	5.51	9.03	14.26	11.31	12.46
Current Unearned Revenue	19.31	20.57	17.28	21.29	27.42	34.62
Other Current Liabilities	25.63	57.94	57.01	44.89	47.96	17.54
Total Current Liabilities	223.46	289.54	276.93	302.07	258.85	213.54
Long-Term Debt	83.64	84.83	93.1	31.02	37.5	7.26
Long-Term Leases	9.22	8.26	11.78	6.27	8.23	8
Long-Term Deferred Tax Liabilities	2.06	2.24	2.49	1.49	1.98	-
Total Liabilities	318.38	384.87	384.3	340.84	306.56	228.8

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	114.4	114.4	88	88	66	66
Additional Paid-In Capital	569.99	568.17	591.86	591.64	114.68	114.68
Retained Earnings	280.92	311.94	312.56	322.22	279.37	232.68
Treasury Stock	-21.95	-21.95	-	-	-	-
Total Common Equity	943.36	972.56	992.42	1,002	460.05	413.36
Minority Interest	4.4	4.34	3.76	3.99	3.34	2.62
Shareholders' Equity	947.76	976.9	996.18	1,006	463.39	415.97
Total Liabilities & Equity	1,266	1,362	1,380	1,347	769.95	644.77

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	116.5	118.61	117.44	85.05	52.12	22.63
Net Cash (Debt)	381.72	432.93	481.36	584.42	218.83	238.65
Net Cash Growth	-7.66%	-10.06%	-17.64%	167.07%	-8.30%	-14.38%
Net Cash Per Share	3.41	3.72	4.14	5.98	2.56	2.78
Filing Date Shares Outstanding	113.32	113.32	114.57	114.57	85.92	85.71
Total Common Shares Outstanding	113.32	113.32	114.57	114.57	85.92	85.71
Working Capital	526.87	596.92	652.26	690.59	289.84	259.8
Book Value Per Share	8.33	8.58	8.66	8.74	5.35	4.82
Tangible Book Value	901.76	930.18	937.05	942.45	426.53	379.27
Tangible Book Value Per Share	7.96	8.21	8.18	8.23	4.96	4.42
Buildings	42.78	42.78	41.46	41.46	18.56	18.56
Machinery	21.64	20.86	21.59	19.29	18.51	18.01
Construction In Progress	40.45	27.42	216.62	140.96	105.67	61.35