SHE:002023 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	Sep '26 Sep 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	382.57	747.26	463.86	425.74	473.14	373.35
Trading Asset Securities	277.42	195.47	168.92	194.58	154.99	198.3
Cash & Short-Term Investments	659.98	942.73	632.77	620.33	628.13	571.64
Cash Growth	-24.49%	48.98%	2.01%	-1.24%	9.88%	-37.99%
Accounts Receivable	738.32	649.69	743.06	599.41	575.65	602.91
Other Receivables	23.23	6.61	13.82	46.34	18.67	18.69
Receivables	761.55	656.29	756.88	645.74	594.32	621.59
Inventory	569.36	549.27	478.76	500.3	353.07	341.35
Other Current Assets	133.67	93.13	57.3	102.14	36.9	39.43
Total Current Assets	2,125	2,241	1,926	1,869	1,612	1,574
Property, Plant & Equipment	1,900	1,961	2,809	3,085	2,963	2,686
Long-Term Investments	1,085	1,149	1,625	1,656	1,697	1,677
Goodwill	24.56	24.56	24.56	24.56	24.56	24.56
Other Intangible Assets	222.85	257.07	241.84	256.2	324.77	341.21
Long-Term Accounts Receivable	-	-	-	53.9	-	-
Long-Term Deferred Tax Assets	116.18	106.57	110.46	84.43	74.77	74.09
Long-Term Deferred Charges	78.6	63.34	89.38	82.39	64.53	65.19
Other Long-Term Assets	233.27	224.57	265.37	266.94	280.44	281.9
Total Assets	5,785	6,027	7,091	7,378	7,041	6,724

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	406.52	415.05	289.54	235.23	354.74	148.16
Accrued Expenses	15.03	200.39	192.92	177.35	163.52	130.14
Short-Term Debt	9.98	30.03	60.05	-	-	65.07
Current Portion of Long-Term Debt	197.79	747.36	664.11	684.11	421.35	653.55
Current Portion of Leases	-	9.03	12.02	11.15	9.33	5.69
Current Income Taxes Payable	31.47	21.42	24.04	23.23	10.27	8.79
Current Unearned Revenue	178.34	178.49	148.7	122.84	78.34	21.73
Other Current Liabilities	233.94	82.9	91.66	37.94	143.39	90.53
Total Current Liabilities	1,073	1,685	1,483	1,292	1,181	1,124
Long-Term Debt	874.51	464.65	1,164	1,702	1,561	1,431
Long-Term Leases	82.54	82.45	83.15	39.37	11.59	7.79
Long-Term Unearned Revenue	35.67	35.46	35.93	37.96	46.28	38.71
Long-Term Deferred Tax Liabilities	60.95	61.85	54.44	39.12	33.86	34.16
Total Liabilities	2,127	2,329	2,820	3,111	2,834	2,635

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	740.86	740.86	740.86	740.86	756.79	756.79
Additional Paid-In Capital	1,750	1,729	1,752	1,758	1,942	1,932
Retained Earnings	1,252	1,204	1,738	1,705	1,658	1,646
Treasury Stock	-69.4	-	-	-	-200.01	-200.01
Comprehensive Income & Other	4.11	35.5	46.59	50.16	34.21	-29.28
Total Common Equity	3,678	3,710	4,278	4,254	4,191	4,106
Minority Interest	-19.04	-11.47	-7.1	13.95	16.56	-17.76
Shareholders' Equity	3,659	3,698	4,271	4,268	4,207	4,088
Total Liabilities & Equity	5,785	6,027	7,091	7,378	7,041	6,724

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	1,165	1,334	1,983	2,437	2,004	2,163
Net Cash (Debt)	-504.83	-390.79	-1,350	-1,817	-1,375	-1,592
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.68	-0.53	-1.82	-2.45	-1.86	-2.14
Filing Date Shares Outstanding	738.99	740.86	740.86	740.86	740.86	740.86
Total Common Shares Outstanding	738.99	740.86	740.86	740.86	740.86	740.86
Working Capital	1,051	556.75	442.66	576.65	431.48	450.34
Book Value Per Share	4.98	5.01	5.77	5.74	5.66	5.54
Tangible Book Value	3,430	3,428	4,012	3,973	3,841	3,740
Tangible Book Value Per Share	4.64	4.63	5.41	5.36	5.18	5.05
Buildings	-	910.34	807.82	809.66	865.32	777.68
Machinery	-	1,489	1,475	1,449	1,344	1,239
Construction In Progress	-	35.71	114.8	35.64	296.33	170.52