SHE:000828 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	2,667	2,809	4,373	3,382	5,361	2,976
Short-Term Investments	1	1	-	1	1	-
Trading Asset Securities	50.49	61.75	50.67	87.57	86.71	116.74
Cash & Short-Term Investments	2,718	2,872	4,423	3,470	5,448	3,093
Cash Growth	-3.75%	-35.08%	27.47%	-36.31%	76.15%	-32.31%
Accounts Receivable	38.31	46.91	42.51	1,497	523.82	409.08
Other Receivables	37.63	45.87	988.76	175.02	152.12	294.92
Receivables	75.93	92.78	1,031	1,672	675.94	704
Inventory	-	-	0	0	0.01	0
Other Current Assets	1,662	1,813	1,085	8.79	36.97	4.36
Total Current Assets	4,457	4,778	6,540	5,151	6,161	3,801
Property, Plant & Equipment	4,913	4,421	3,282	13,172	1,417	1,126
Long-Term Investments	4,090	3,886	3,026	4,359	3,845	3,519
Goodwill	2.73	2.73	2.73	2.73	2.73	2.73
Other Intangible Assets	37.2	54.08	86.76	119.25	8,712	6,090
Long-Term Accounts Receivable	197.64	222.94	451.94	1,230	1,577	569.81
Long-Term Deferred Tax Assets	188.98	181.67	120.75	93.61	71.3	13.21
Long-Term Deferred Charges	31.34	34.62	39.81	30.44	29.09	11.62
Other Long-Term Assets	1,744	2,177	3,820	5,212	4,688	1,532
Total Assets	15,661	15,758	17,369	29,370	26,503	16,665

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	34.96	159.03	71.64	2,684	1,812	1,088
Accrued Expenses	53.05	83.15	85.59	81.9	90.05	77.43
Short-Term Debt	694.36	50.64	1,667	3,478	3,265	1,412
Current Portion of Long-Term Debt	655.46	1,056	552.78	519.36	573.1	254.3
Current Portion of Leases	52.07	33.65	38.51	36.75	32.88	20.36
Current Income Taxes Payable	30.17	19.69	23.17	25.95	63.97	52.02
Current Unearned Revenue	3.54	3.95	2.3	0.69	1.85	0.59
Other Current Liabilities	558.35	478.93	310.48	123.51	304.37	79.68
Total Current Liabilities	2,082	1,885	2,752	6,950	6,143	2,984
Long-Term Debt	2,972	3,416	4,459	4,279	5,480	2,136
Long-Term Leases	85.04	103.62	118.02	144.69	137.17	107.24
Long-Term Unearned Revenue	42.93	48.56	56.52	63.29	79.86	64.61
Long-Term Deferred Tax Liabilities	16.9	18.8	23.46	27.51	85.01	77.04
Total Liabilities	5,199	5,472	7,409	11,465	11,925	5,369

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	1,040	1,040	1,040	1,040	1,040	1,040
Additional Paid-In Capital	1,152	1,152	1,136	1,138	1,138	1,138
Retained Earnings	8,202	7,990	7,660	7,180	6,826	6,318
Comprehensive Income & Other	-20.18	4.34	0.81	1,561	1,562	-12.49
Total Common Equity	10,374	10,186	9,837	10,919	10,566	8,483
Minority Interest	88.66	100.41	123.67	6,986	4,012	2,813
Shareholders' Equity	10,462	10,286	9,960	17,905	14,578	11,296
Total Liabilities & Equity	15,661	15,758	17,369	29,370	26,503	16,665

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	4,459	4,660	6,836	8,458	9,489	3,930
Net Cash (Debt)	-1,740	-1,788	-2,413	-4,988	-4,040	-836.82
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.67	-1.72	-2.32	-4.80	-3.89	-0.81
Filing Date Shares Outstanding	1,040	1,040	1,040	1,040	1,040	1,040
Total Common Shares Outstanding	1,040	1,040	1,040	1,040	1,040	1,040
Working Capital	2,375	2,893	3,788	-1,799	17.96	817
Book Value Per Share	9.98	9.80	9.46	8.97	8.63	8.16
Tangible Book Value	10,334	10,129	9,747	10,797	1,851	2,391
Tangible Book Value Per Share	9.94	9.74	9.38	8.85	0.24	2.30
Buildings	439.87	439.87	439.87	439.96	431.48	111.73
Machinery	527.4	519.88	491.2	479.08	402.39	301.01
Construction In Progress	4,171	3,576	2,245	11,918	24.15	16.44