SHE:000155 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Cash & Equivalents	5,924	7,200	5,493	3,589	3,251	2,914
Short-Term Investments	-	-	-	1.42	189.3	-
Trading Asset Securities	851.45	450.76	651.88	651.81	300.52	222.63
Cash & Short-Term Investments	6,775	7,651	6,145	4,242	3,741	3,136
Cash Growth	-9.39%	24.50%	44.85%	13.40%	19.28%	32.23%
Accounts Receivable	2,291	2,096	2,447	2,382	2,086	2,437
Other Receivables	631.41	589.07	637.51	339.71	306.16	475.17
Receivables	2,923	2,685	3,084	2,722	2,392	2,912
Inventory	982.42	162.22	276.86	168.02	73.8	76.16
Prepaid Expenses	0.02	0.01	16.17	-	-	-
Other Current Assets	445.59	108.04	46.11	48.77	67.74	57.54
Total Current Assets	11,126	10,607	9,568	7,181	6,275	6,182
Property, Plant & Equipment	12,902	11,690	10,391	9,198	7,557	7,189
Long-Term Investments	204.65	196.06	201.66	213.86	207.18	6.98
Goodwill	1.88	1.88	1.88	1.88	1.88	1.88
Other Intangible Assets	4,290	4,381	4,525	4,652	4,734	4,754
Long-Term Deferred Tax Assets	115.05	107.5	181.88	106.77	86.92	105.7
Long-Term Deferred Charges	82.22	93	56.09	32.93	19.46	15.8
Other Long-Term Assets	302.14	818.46	298.73	384.33	466.71	111.64
Total Assets	29,023	27,894	25,225	21,771	19,348	18,366

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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Accounts Payable	1,685	1,480	1,907	1,730	1,921	1,870
Accrued Expenses	298.41	298.93	200.49	164.86	171.84	115.69
Short-Term Debt	609.6	661.34	781.53	1,151	840.73	335.42
Current Portion of Long-Term Debt	906.79	1,370	1,004	1,091	734.2	964.27
Current Portion of Leases	12.59	10.98	9.44	0.72	14.63	9.47
Current Income Taxes Payable	85.14	37.35	27.57	36.81	80.33	26.73
Current Unearned Revenue	5.94	46.6	277.56	282.25	275.63	2.42
Other Current Liabilities	142.38	163.93	144.07	75.7	81.57	909.38
Total Current Liabilities	3,746	4,069	4,351	4,532	4,120	4,234
Long-Term Debt	10,508	9,894	8,005	7,045	6,372	6,438
Long-Term Leases	99.44	105.95	28.08	13.45	19.68	20.45
Long-Term Unearned Revenue	59.52	61.46	58.04	47.44	42.6	308.4
Long-Term Deferred Tax Liabilities	1.22	1.47	0.01	0.01	0.18	0.07
Other Long-Term Liabilities	81.47	636.07	151.1	78.95	14.91	12.77
Total Liabilities	14,495	14,767	12,593	11,717	10,569	11,014

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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Common Stock	1,846	1,846	1,846	1,476	1,476	1,476
Additional Paid-In Capital	7,090	7,089	7,083	4,998	3,775	3,938
Retained Earnings	2,235	1,529	1,340	908.69	111.26	-598.52
Comprehensive Income & Other	14.56	7.18	7.35	5.34	2.74	0.71
Total Common Equity	11,185	10,472	10,277	7,388	5,365	4,816
Minority Interest	3,343	2,655	2,355	2,666	3,414	2,536
Shareholders' Equity	14,528	13,127	12,632	10,054	8,779	7,353
Total Liabilities & Equity	29,023	27,894	25,225	21,771	19,348	18,366

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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Total Debt	12,136	12,042	9,828	9,301	7,982	7,768
Net Cash (Debt)	-5,361	-4,391	-3,683	-5,058	-4,240	-4,632
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-2.84	-2.36	-2.13	-3.43	-2.87	-3.20
Filing Date Shares Outstanding	1,846	1,846	1,846	1,476	1,476	1,476
Total Common Shares Outstanding	1,846	1,846	1,846	1,476	1,476	1,476
Working Capital	7,380	6,538	5,217	2,650	2,156	1,949
Book Value Per Share	6.06	5.67	5.57	5.01	3.63	3.26
Tangible Book Value	6,894	6,089	5,750	2,734	629.42	61.01
Tangible Book Value Per Share	3.73	3.30	3.11	1.85	0.43	0.04
Buildings	3,707	3,674	3,210	1,194	1,108	1,057
Machinery	9,068	8,903	8,385	7,503	6,783	6,642
Construction In Progress	3,227	1,902	1,084	2,345	1,168	609.26