SHE:002159 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	306.49	330.29	374.76	197.82	220.28	539.54
Short-Term Investments	-	120.64	-	-	-	-
Cash & Short-Term Investments	406.49	450.93	374.76	197.82	220.28	539.54
Cash Growth	7.87%	20.33%	89.44%	-10.19%	-59.17%	-8.40%
Accounts Receivable	15.13	13.84	8.05	11.76	8.45	11.27
Other Receivables	13.69	19.3	17.27	24.31	45.81	64.72
Receivables	28.82	33.14	25.32	36.07	54.26	75.98
Inventory	9.62	10.04	8	6.96	8.21	23.24
Prepaid Expenses	-	1.73	0.43	-	-	-
Other Current Assets	51.53	5.54	5.95	6.15	12.3	15.72
Total Current Assets	496.46	501.38	414.45	247	295.05	654.49
Property, Plant & Equipment	953.75	959.35	975.25	980.84	1,067	1,288
Long-Term Investments	113.03	117.63	136.87	136.03	152.84	350.36
Goodwill	90.32	90.32	90.32	100.25	116.84	123.56
Other Intangible Assets	138.96	121.33	124	119.52	100.58	111.41
Long-Term Deferred Tax Assets	43.67	38.66	37.47	21.71	21.53	2.49
Long-Term Deferred Charges	8.01	7.47	6.52	6.39	7.28	10.11
Other Long-Term Assets	59.75	61.03	66.37	84.96	120.53	61.88
Total Assets	1,904	1,897	1,851	1,697	1,881	2,602

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	5.74	5.65	4.97	5.03	4.38	3.85
Accrued Expenses	39.22	85.08	93.3	76.22	49.97	54.58
Short-Term Debt	-	-	25.02	5	229.25	474.8
Current Portion of Long-Term Debt	6.45	0	6.06	58.3	79.1	81
Current Portion of Leases	-	6.96	5.82	4.79	3.54	7.11
Current Income Taxes Payable	15.6	9.52	10.65	17.2	11.41	3.08
Current Unearned Revenue	12.66	16.67	15.05	11.66	11.95	8.79
Other Current Liabilities	115.84	83.45	92.62	86.52	159.46	206.09
Total Current Liabilities	195.51	207.34	253.48	264.72	549.06	839.31
Long-Term Debt	1	1	25.93	37.73	78.56	362.16
Long-Term Leases	105.44	105.79	94.53	38.43	38.85	39.85
Long-Term Unearned Revenue	20.1	20.53	21.4	22.35	22.63	33.37
Long-Term Deferred Tax Liabilities	35.1	29.79	29.36	17.51	27.52	36.56
Other Long-Term Liabilities	34.27	15.32	12.52	13.71	4.31	1.33
Total Liabilities	391.42	379.78	437.22	394.46	720.92	1,313

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	177.3	177.3	177.3	177.3	177.3	177.3
Additional Paid-In Capital	837.44	837.44	837.44	837.44	837.44	873.73
Retained Earnings	453.83	449.59	350.57	247.59	120.08	143.74
Comprehensive Income & Other	-6.76	-3	0.2	-5.69	-6.94	50.73
Total Common Equity	1,462	1,461	1,366	1,257	1,128	1,245
Minority Interest	50.73	56.06	48.52	45.6	32.52	43.9
Shareholders' Equity	1,513	1,517	1,414	1,302	1,160	1,289
Total Liabilities & Equity	1,904	1,897	1,851	1,697	1,881	2,602

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	112.88	113.76	157.36	144.26	429.28	964.92
Net Cash (Debt)	293.61	337.18	217.4	53.57	-209.01	-425.37
Net Cash Growth	5.41%	55.09%	305.87%	-	-	-
Net Cash Per Share	1.65	1.91	1.23	0.30	-1.17	-2.40
Filing Date Shares Outstanding	186.95	177.3	177.3	177.3	177.3	177.3
Total Common Shares Outstanding	186.95	177.3	177.3	177.3	177.3	177.3
Working Capital	300.96	294.04	160.97	-17.72	-254.01	-184.82
Book Value Per Share	7.82	8.24	7.70	7.09	6.36	7.02
Tangible Book Value	1,233	1,250	1,151	1,037	910.44	1,011
Tangible Book Value Per Share	6.59	7.05	6.49	5.85	5.13	5.70
Buildings	-	-	-	1,210	1,213	1,381
Machinery	-	1,712	1,720	503.38	512.45	486.74
Construction In Progress	-	50.89	30.13	32.42	54.82	96.35