SHE:002165 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	965.75	948.08	550.68	744.06	1,684	1,017
Short-Term Investments	-	-	354.14	344.93	-	-
Trading Asset Securities	501.15	231.48	93.49	80.81	200.75	0.34
Cash & Short-Term Investments	1,467	1,180	998.31	1,170	1,885	1,017
Cash Growth	-31.34%	18.15%	-14.66%	-37.95%	85.37%	186.74%
Accounts Receivable	1,021	682.64	761.31	935.53	657.11	967.27
Other Receivables	6.5	11.9	16.55	21.17	20.51	31.5
Receivables	1,027	694.54	777.86	956.7	677.62	998.78
Inventory	501.9	312.99	355.08	272.67	352.47	508.75
Prepaid Expenses	-	-	-	-	1.36	1.36
Other Current Assets	70.22	102.1	74.09	40.67	287.69	470.19
Total Current Assets	3,066	2,289	2,205	2,440	3,204	2,996
Property, Plant & Equipment	2,182	2,136	1,977	1,892	2,005	2,108
Long-Term Investments	7	89.96	89.26	5.02	-	-
Other Intangible Assets	220.58	222.17	227.35	232.77	229.99	221.13
Long-Term Deferred Tax Assets	243.61	238.66	219.71	191	145.8	58.69
Long-Term Deferred Charges	42.6	42.86	12.86	13.06	14.94	15.96
Other Long-Term Assets	179.59	95.51	73.08	105.7	3.96	43.02
Total Assets	5,942	5,114	4,805	4,879	5,604	5,442

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	472.39	375.57	271.79	370.63	404.13	890.64
Accrued Expenses	5.32	62.18	75.65	59.68	31.22	37.03
Short-Term Debt	1,139	1,209	1,084	1,462	1,959	1,165
Current Portion of Long-Term Debt	484.85	521.66	356.07	440.95	436	556.73
Current Portion of Leases	-	1.15	0.44	0.59	0.69	0.8
Current Income Taxes Payable	9.37	1.01	6.49	4.24	6.08	5.4
Current Unearned Revenue	16.38	16.75	18.07	11.81	20.75	23.41
Other Current Liabilities	42.61	10.24	10.33	7.96	18.7	9.32
Total Current Liabilities	2,170	2,198	1,823	2,358	2,877	2,688
Long-Term Debt	1,702	845.2	914.22	432.75	639.95	562.83
Long-Term Leases	3.57	3.64	1.57	2.01	0.21	0.9
Long-Term Unearned Revenue	66.94	36.31	29.01	33.14	37.52	38.99
Other Long-Term Liabilities	2.97	2.97	2.97	6.07	15.02	14.61
Total Liabilities	3,945	3,086	2,771	2,832	3,570	3,305

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	735.27	735.27	735.27	735.27	735.27	735.27
Additional Paid-In Capital	664.19	664.19	664.19	664.19	664.19	664.19
Retained Earnings	583.94	614.48	626.55	641.58	632.71	733.06
Comprehensive Income & Other	10.76	11.18	5.67	4.11	2.47	0.31
Total Common Equity	1,994	2,025	2,032	2,045	2,035	2,133
Minority Interest	2.84	2.85	2.31	1.85	-0.59	4.22
Shareholders' Equity	1,997	2,028	2,034	2,047	2,034	2,137
Total Liabilities & Equity	5,942	5,114	4,805	4,879	5,604	5,442

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	3,329	2,581	2,356	2,339	3,036	2,286
Net Cash (Debt)	-1,862	-1,401	-1,358	-1,169	-1,151	-1,269
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-2.48	-1.91	-1.85	-1.59	-1.57	-1.93
Filing Date Shares Outstanding	895.47	735.27	735.27	735.27	735.27	735.27
Total Common Shares Outstanding	895.47	735.27	735.27	735.27	735.27	735.27
Working Capital	896.81	91.34	382.61	81.68	327.39	308.04
Book Value Per Share	2.23	2.75	2.76	2.78	2.77	2.90
Tangible Book Value	1,774	1,803	1,804	1,812	1,805	1,912
Tangible Book Value Per Share	1.98	2.45	2.45	2.46	2.45	2.60
Buildings	-	929.05	925.98	925.98	1,001	2,530
Machinery	-	946.47	858.59	841.87	1,589	16.93
Construction In Progress	-	1,130	978.88	833.89	230.87	211.88