SHE:002172 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	417.82	405.8	521.49	707.37	984.16	982.58
Trading Asset Securities	-	-	-	-	-	53.19
Cash & Short-Term Investments	417.82	405.8	521.49	707.37	984.16	1,036
Cash Growth	-9.64%	-22.18%	-26.28%	-28.12%	-4.98%	-32.35%
Accounts Receivable	353.12	334.01	372.76	333.42	522.86	1,460
Other Receivables	37.3	38.79	54.13	57.07	88.98	75.48
Receivables	390.42	372.81	426.89	390.5	611.84	1,536
Inventory	123.29	133.42	149.47	183.42	175.65	164.6
Prepaid Expenses	-	-	-	-	1.76	-
Other Current Assets	22.69	23.06	30.36	38.78	35.28	42.92
Total Current Assets	954.22	935.09	1,128	1,320	1,809	2,779
Property, Plant & Equipment	734.63	752.3	805.68	814.6	772.39	869.63
Long-Term Investments	13.17	13.6	14.26	0.89	6.2	10.36
Goodwill	7.64	7.64	10.09	10.09	10.09	10.09
Other Intangible Assets	59.5	61.69	63.7	66.51	70.41	67.14
Long-Term Deferred Tax Assets	14.22	14.97	13.12	12.48	12	9.4
Long-Term Deferred Charges	2.52	2.84	9.4	7.96	10.44	60.53
Other Long-Term Assets	1.23	1.39	6.59	8.79	17.82	17.11
Total Assets	1,787	1,790	2,051	2,241	2,708	3,823

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	368.47	459.67	567.18	676.07	894.68	1,434
Accrued Expenses	34.37	83.43	97.46	95.02	71.9	78.03
Short-Term Debt	840.49	670.69	704.85	1,084	1,176	1,717
Current Portion of Long-Term Debt	27.74	27.39	10.19	9.67	28.98	38.91
Current Portion of Leases	-	90.33	86.39	18.19	111.64	119.12
Current Income Taxes Payable	11.91	5.2	7.66	11.31	14.74	9.47
Current Unearned Revenue	112.28	122.98	96.44	48.79	24.04	15.2
Other Current Liabilities	143.75	77.77	156.03	103.45	178.75	42.63
Total Current Liabilities	1,539	1,537	1,726	2,046	2,501	3,455
Long-Term Debt	62.5	67.33	94.61	105.08	96.33	124.83
Long-Term Leases	1.41	24.4	106.14	2.49	52.55	179.2
Long-Term Unearned Revenue	2.59	2.71	8.83	10.3	11.68	13.12
Long-Term Deferred Tax Liabilities	0.08	0.07	0.03	0.01	0.09	-
Other Long-Term Liabilities	0.05	0.22	-	2.42	20	-
Total Liabilities	1,606	1,632	1,936	2,167	2,681	3,772

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	765.73	765.73	765.73	765.73	765.73	776.48
Additional Paid-In Capital	1,264	1,264	1,264	1,264	1,264	1,301
Retained Earnings	-1,830	-1,854	-1,895	-1,936	-1,986	-1,970
Treasury Stock	-	-	-	-	-	-44.18
Comprehensive Income & Other	0.2	0.2	0.08	-	-	-
Total Common Equity	200.1	175.93	134.52	93.88	44.2	63.16
Minority Interest	-18.6	-18.59	-19.29	-19.07	-17.4	-12.32
Shareholders' Equity	181.49	157.34	115.23	74.81	26.8	50.84
Total Liabilities & Equity	1,787	1,790	2,051	2,241	2,708	3,823

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	932.14	880.14	1,002	1,219	1,465	2,179
Net Cash (Debt)	-514.32	-474.33	-480.69	-511.82	-481.21	-1,144
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.62	-0.57	-0.59	-0.62	-0.63	-1.48
Filing Date Shares Outstanding	1,087	765.73	765.73	765.73	765.73	765.73
Total Common Shares Outstanding	1,087	765.73	765.73	765.73	765.73	765.73
Working Capital	-584.79	-602.36	-597.98	-726.2	-691.89	-676.26
Book Value Per Share	0.18	0.23	0.18	0.12	0.06	0.08
Tangible Book Value	132.95	106.6	60.74	17.28	-36.29	-14.06
Tangible Book Value Per Share	0.12	0.14	0.08	0.02	-0.05	-0.02
Buildings	-	941.76	815.33	834.84	801.5	817
Machinery	-	190.31	193.05	269.88	158.75	163.22
Construction In Progress	-	0.6	117.34	95.1	8.97	2.06