SHE:301508 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	186.69	616.93	525.2	1,252	338.81	318.33
Short-Term Investments	10.12	10.03	-	-	-	-
Trading Asset Securities	580.04	-	6.55	-	-	-
Cash & Short-Term Investments	776.85	626.96	531.75	1,252	338.81	318.33
Cash Growth	-2.21%	17.90%	-57.53%	269.56%	6.43%	706.88%
Accounts Receivable	443.58	431.61	360.76	276.33	218.85	187.43
Other Receivables	4.73	3.58	3.93	1.97	1.77	1.56
Receivables	448.31	435.19	364.69	278.3	220.62	188.99
Inventory	1.97	1.07	0.77	1.31	-	-
Other Current Assets	32.1	33.62	51.21	13.56	13.57	8.64
Total Current Assets	1,259	1,097	948.43	1,545	573	515.97
Property, Plant & Equipment	1,124	1,116	1,097	1,072	380.42	233.06
Long-Term Investments	0.88	118.57	1.46	1.69	1.42	1.6
Goodwill	8.43	8.43	8.43	8.43	8.43	8.43
Other Intangible Assets	448.01	453.58	458.55	459.5	397.97	402.71
Long-Term Deferred Tax Assets	10.73	10.74	9.04	6.7	3.22	4.19
Long-Term Deferred Charges	3.31	4.71	6.31	11.76	6.91	7.45
Other Long-Term Assets	77.18	75.76	5.47	13.52	3.92	35.19
Total Assets	2,932	2,884	2,535	3,119	1,375	1,209

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	127.66	102.76	151.38	873.95	141.9	50.39
Accrued Expenses	66.34	39.93	46.05	35.91	29.84	28.34
Short-Term Debt	-	-	-	-	-	3.69
Current Portion of Leases	5.66	4.89	4.88	6.68	5	4.99
Current Income Taxes Payable	7.84	12.96	14.66	11.71	7.34	8.47
Current Unearned Revenue	70.93	78.8	75.21	137.17	159.85	146.54
Other Current Liabilities	5.64	16.75	19.42	14.46	22.79	83.38
Total Current Liabilities	284.09	256.09	311.6	1,080	366.71	325.81
Long-Term Debt	300.09	300.12	-	-	-	-
Long-Term Leases	2.76	3.64	8.68	4.32	3.23	5.2
Long-Term Unearned Revenue	31.9	35.17	34.8	15.89	16.15	14.65
Long-Term Deferred Tax Liabilities	35.52	35.97	36.9	37.76	38.57	39.23
Total Liabilities	654.37	630.98	391.97	1,138	424.66	384.89

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	Dec '21 Dec 31, 2021
Common Stock	226.09	226.09	226.09	226.09	169.56	169.56
Additional Paid-In Capital	1,333	1,327	1,327	1,327	501.46	501.46
Retained Earnings	509.2	479.65	375.74	335.78	196.37	79.11
Comprehensive Income & Other	9.06	8.95	7.82	6.92	8.55	7.63
Total Common Equity	2,078	2,041	1,936	1,895	875.94	757.76
Minority Interest	200.19	211.9	206.79	85.34	74.68	65.94
Shareholders' Equity	2,278	2,253	2,143	1,981	950.63	823.71
Total Liabilities & Equity	2,932	2,884	2,535	3,119	1,375	1,209

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	308.52	308.65	13.55	11.01	8.23	13.88
Net Cash (Debt)	468.34	318.3	518.2	1,241	330.58	304.45
Net Cash Growth	-3.01%	-38.57%	-58.25%	275.44%	8.58%	702.23%
Net Cash Per Share	2.07	1.41	2.29	7.12	1.95	1.80
Filing Date Shares Outstanding	226.09	226.09	226.09	226.09	169.56	169.56
Total Common Shares Outstanding	226.09	226.09	226.09	226.09	169.56	169.56
Working Capital	975.15	840.75	636.84	465.42	206.29	190.16
Book Value Per Share	9.19	9.03	8.56	8.38	5.17	4.47
Tangible Book Value	1,621	1,579	1,469	1,427	469.55	346.63
Tangible Book Value Per Share	7.17	6.99	6.50	6.31	2.77	2.04
Buildings	547.02	533.13	530.23	518.84	144.43	74.52
Machinery	787.77	775.62	724.05	632.08	252.86	160.18
Construction In Progress	100.6	72.24	19.82	23.41	56.2	48.15