SHE:002027 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	4,088	3,297	3,579	3,531	3,280	4,296
Short-Term Investments	561.38	298.52	2,713	110.17	2,727	501.67
Trading Asset Securities	6,782	4,315	2,644	5,361	4,657	3,442
Cash & Short-Term Investments	11,431	7,910	8,936	9,003	10,664	8,239
Cash Growth	2.88%	-11.47%	-0.74%	-15.58%	29.43%	25.62%
Accounts Receivable	3,006	3,767	2,570	1,961	1,647	3,243
Other Receivables	213.23	43.34	37.05	30.58	19.53	106.03
Receivables	3,219	3,810	2,607	1,992	1,667	3,349
Inventory	9.92	5.84	8.27	9.37	13.38	10.28
Other Current Assets	96.54	92.2	96.75	108.42	143.88	112.33
Total Current Assets	14,757	11,818	11,647	11,112	12,488	11,711
Property, Plant & Equipment	3,329	3,233	3,666	3,950	3,510	3,878
Long-Term Investments	3,134	4,161	6,435	8,243	8,132	8,870
Goodwill	171.82	171.82	171.82	134.98	168.05	167.79
Other Intangible Assets	90.51	76.84	87.19	65.99	11.93	14.85
Long-Term Deferred Tax Assets	800.88	752.4	784.64	841.13	906.5	833.76
Long-Term Deferred Charges	2.09	2.42	7.12	13.46	21.97	12.77
Other Long-Term Assets	172.63	0	0	0	-	-
Total Assets	22,458	20,215	22,799	24,361	25,239	25,555

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	83.58	86.73	95.47	136.82	138.33	205.94
Accrued Expenses	1,260	1,387	1,179	1,326	1,283	1,698
Short-Term Debt	195.42	168.86	115.02	68.9	12.19	20.84
Current Portion of Long-Term Debt	14.05	12.45	-	-	-	-
Current Portion of Leases	1,775	1,850	2,046	2,237	2,056	2,001
Current Income Taxes Payable	415.93	292.62	206.36	259.82	252.19	751.71
Current Unearned Revenue	334.21	545.84	542.47	856.91	852.2	799.04
Other Current Liabilities	3,117	303.37	308.41	317.11	2,379	293.24
Total Current Liabilities	7,196	4,647	4,492	5,203	6,972	5,770
Long-Term Debt	46.1	45.9	-	-	-	-
Long-Term Leases	744.75	729.02	807.67	928.01	742.65	812.96
Pension & Post-Retirement Benefits	4.48	5.69	7.46	5.08	0.89	3.13
Long-Term Deferred Tax Liabilities	12.81	173.22	170.59	184.04	227.02	286.19
Total Liabilities	8,005	5,601	5,478	6,320	7,943	6,873

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	328.3	328.3	328.3	328.3	328.3	328.3
Additional Paid-In Capital	188.3	762.77	748.73	386.74	380.73	380.73
Retained Earnings	14,089	13,705	16,293	17,507	16,726	17,835
Comprehensive Income & Other	-614.95	-546.57	-343.11	-528.17	-485.83	-164.73
Total Common Equity	13,990	14,249	17,027	17,693	16,949	18,379
Minority Interest	463.1	365.1	293.46	347.62	347.13	303.31
Shareholders' Equity	14,453	14,614	17,321	18,041	17,296	18,683
Total Liabilities & Equity	22,458	20,215	22,799	24,361	25,239	25,555

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	2,776	2,806	2,968	3,234	2,810	2,835
Net Cash (Debt)	8,656	5,104	5,967	5,769	7,854	5,404
Net Cash Growth	9.63%	-14.46%	3.44%	-26.55%	45.32%	-16.83%
Net Cash Per Share	0.60	0.35	0.41	0.40	0.54	0.37
Filing Date Shares Outstanding	14,442	14,442	14,442	14,442	14,442	14,442
Total Common Shares Outstanding	14,442	14,442	14,442	14,442	14,442	14,442
Working Capital	7,561	7,171	7,155	5,909	5,516	5,940
Book Value Per Share	0.97	0.99	1.18	1.23	1.17	1.27
Tangible Book Value	13,728	14,001	16,768	17,492	16,769	18,197
Tangible Book Value Per Share	0.95	0.97	1.16	1.21	1.16	1.26
Buildings	24.34	24.34	24.34	-	24.08	24.08
Machinery	131.03	132.22	136.06	148.47	121.96	123.9
Construction In Progress	209.23	13.19	7.55	5.2	4.66	4.53