SHE:002114 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	255.93	168.36	247.88	317.51	249.72	267.39
Trading Asset Securities	-	-	-	-	0.25	-
Cash & Short-Term Investments	255.93	168.36	247.88	317.51	249.98	267.39
Cash Growth	134.90%	-32.08%	-21.93%	27.02%	-6.51%	-16.61%
Accounts Receivable	21.44	10.37	3.2	1.42	11.96	38.33
Other Receivables	3.93	5.43	9.15	7.47	15.52	3.24
Receivables	25.38	15.8	12.35	8.89	27.48	41.57
Inventory	226.89	163.86	159.85	195.36	352.61	252.39
Prepaid Expenses	-	-	-	-	0.3	-
Other Current Assets	22.14	12.57	11.3	20.55	24.04	98.62
Total Current Assets	530.33	360.58	431.38	542.31	654.41	659.97
Property, Plant & Equipment	861.26	890.57	912.37	844.8	756.01	702.85
Long-Term Investments	117.23	122.25	125.29	117.52	124.53	116.08
Goodwill	4.59	4.59	10.73	11.16	11.49	2.3
Other Intangible Assets	789.02	796.3	820.49	858.32	898.64	846.75
Long-Term Deferred Tax Assets	7.23	6.86	4.37	4.14	4.04	3.3
Long-Term Deferred Charges	9.77	14.96	26.37	22.47	29.87	28.86
Other Long-Term Assets	20.84	18.9	21.06	17.05	15.68	-
Total Assets	2,340	2,215	2,352	2,418	2,495	2,360

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	560.03	358.85	400.7	393.2	217.73	118.41
Accrued Expenses	31.06	30.26	37.35	33.28	43.66	54.98
Short-Term Debt	549.32	547.73	484.82	523.41	640.48	483.37
Current Portion of Long-Term Debt	53.88	103.35	7.45	103.67	0.19	-
Current Portion of Leases	0.19	0.12	0.11	0.27	0.16	0.16
Current Income Taxes Payable	0	0.74	1.98	1.3	1.1	1.85
Current Unearned Revenue	21.86	13.17	1.13	63.9	11.26	11.73
Other Current Liabilities	70.03	104.56	69.29	48.34	58.56	42.34
Total Current Liabilities	1,286	1,159	1,003	1,167	973.15	712.83
Long-Term Debt	109.19	171.45	255.29	98.76	99.94	-
Long-Term Leases	1.46	1.69	1.81	0.37	0.46	6.08
Long-Term Unearned Revenue	17.78	18.37	19.56	15.31	16.32	17.32
Long-Term Deferred Tax Liabilities	18.25	18.3	18.4	17.99	18.03	0.1
Other Long-Term Liabilities	86.73	87.22	111.34	84.51	107.34	118.52
Total Liabilities	1,520	1,456	1,409	1,384	1,215	854.85

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	323.4	323.4	323.4	323.4	323.4	323.4
Additional Paid-In Capital	1,495	1,495	1,495	1,495	1,495	1,495
Retained Earnings	-1,128	-1,062	-884.24	-805.38	-596.25	-359.78
Comprehensive Income & Other	4.33	5.42	9.32	18.32	12.32	9.01
Total Common Equity	695.11	762.01	943.92	1,032	1,235	1,468
Minority Interest	125.38	-2.82	-1.1	1.68	44.53	37.2
Shareholders' Equity	820.49	759.19	942.83	1,033	1,279	1,505
Total Liabilities & Equity	2,340	2,215	2,352	2,418	2,495	2,360

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	714.04	824.34	749.49	726.48	741.24	489.61
Net Cash (Debt)	-458.11	-655.98	-501.61	-408.97	-491.26	-222.22
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.39	-2.03	-1.53	-1.27	-1.52	-0.65
Filing Date Shares Outstanding	323.4	323.4	323.4	323.4	323.4	323.4
Total Common Shares Outstanding	323.4	323.4	323.4	323.4	323.4	323.4
Working Capital	-756.03	-798.21	-571.46	-625.06	-318.74	-52.86
Book Value Per Share	2.15	2.36	2.92	3.19	3.82	4.54
Tangible Book Value	-98.5	-38.89	112.71	162.3	324.79	619.02
Tangible Book Value Per Share	-0.30	-0.12	0.35	0.50	1.00	1.91
Buildings	1,063	1,063	986.55	922.57	784.6	722.88
Machinery	673.56	674.98	667.46	624.1	581.43	524.66
Construction In Progress	53.22	47.84	82.89	51.76	77.45	71.3