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	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	359.71	747.26	463.86	425.74	473.14	373.35
Trading Asset Securities	144.28	195.47	168.92	194.58	154.99	198.3
Cash & Short-Term Investments	503.99	942.73	632.77	620.33	628.13	571.64
Cash Growth	-23.10%	48.98%	2.01%	-1.24%	9.88%	-37.99%
Accounts Receivable	764.55	649.69	743.06	599.41	575.65	602.91
Other Receivables	12.65	6.61	13.82	46.34	18.67	18.69
Receivables	777.21	656.29	756.88	645.74	594.32	621.59
Inventory	567.74	549.27	478.76	500.3	353.07	341.35
Other Current Assets	87.37	93.13	57.3	102.14	36.9	39.43
Total Current Assets	1,936	2,241	1,926	1,869	1,612	1,574
Property, Plant & Equipment	1,914	1,961	2,809	3,085	2,963	2,686
Long-Term Investments	1,095	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	227.62	257.07	241.84	256.2	324.77	341.21
Long-Term Accounts Receivable	-	-	-	53.9	-	-
Long-Term Deferred Tax Assets	114	106.57	110.46	84.43	74.77	74.09
Long-Term Deferred Charges	81.21	63.34	89.38	82.39	64.53	65.19
Other Long-Term Assets	236.33	224.57	265.37	266.94	280.44	281.9
Total Assets	5,629	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	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	370.7	415.05	289.54	235.23	354.74	148.16
Accrued Expenses	14.73	200.39	192.92	177.35	163.52	130.14
Short-Term Debt	30.19	30.03	60.05	-	-	65.07
Current Portion of Long-Term Debt	308.21	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	28.55	21.42	24.04	23.23	10.27	8.79
Current Unearned Revenue	168.08	178.49	148.7	122.84	78.34	21.73
Other Current Liabilities	205.99	82.9	91.66	37.94	143.39	90.53
Total Current Liabilities	1,126	1,685	1,483	1,292	1,181	1,124
Long-Term Debt	600.57	464.65	1,164	1,702	1,561	1,431
Long-Term Leases	79.41	82.45	83.15	39.37	11.59	7.79
Long-Term Unearned Revenue	35.52	35.46	35.93	37.96	46.28	38.71
Long-Term Deferred Tax Liabilities	58.47	61.85	54.44	39.12	33.86	34.16
Total Liabilities	1,900	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	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	740.86	740.86	740.86	740.86	756.79	756.79
Additional Paid-In Capital	1,741	1,729	1,752	1,758	1,942	1,932
Retained Earnings	1,255	1,204	1,738	1,705	1,658	1,646
Treasury Stock	-	-	-	-	-200.01	-200.01
Comprehensive Income & Other	8.57	35.5	46.59	50.16	34.21	-29.28
Total Common Equity	3,746	3,710	4,278	4,254	4,191	4,106
Minority Interest	-16.53	-11.47	-7.1	13.95	16.56	-17.76
Shareholders' Equity	3,729	3,698	4,271	4,268	4,207	4,088
Total Liabilities & Equity	5,629	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	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	1,018	1,334	1,983	2,437	2,004	2,163
Net Cash (Debt)	-514.39	-390.79	-1,350	-1,817	-1,375	-1,592
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.69	-0.53	-1.82	-2.45	-1.86	-2.14
Filing Date Shares Outstanding	739.54	740.86	740.86	740.86	740.86	740.86
Total Common Shares Outstanding	739.54	740.86	740.86	740.86	740.86	740.86
Working Capital	809.84	556.75	442.66	576.65	431.48	450.34
Book Value Per Share	5.06	5.01	5.77	5.74	5.66	5.54
Tangible Book Value	3,493	3,428	4,012	3,973	3,841	3,740
Tangible Book Value Per Share	4.72	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