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	Sep '26 Sep 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	439.77	405.8	521.49	707.37	984.16	982.58
Trading Asset Securities	-	-	-	-	-	53.19
Cash & Short-Term Investments	439.77	405.8	521.49	707.37	984.16	1,036
Cash Growth	-4.41%	-22.18%	-26.28%	-28.12%	-4.98%	-32.35%
Accounts Receivable	366.23	334.01	372.76	333.42	522.86	1,460
Other Receivables	40.64	38.79	54.13	57.07	88.98	75.48
Receivables	406.88	372.81	426.89	390.5	611.84	1,536
Inventory	130.02	133.42	149.47	183.42	175.65	164.6
Prepaid Expenses	-	-	-	-	1.76	-
Other Current Assets	22.89	23.06	30.36	38.78	35.28	42.92
Total Current Assets	999.55	935.09	1,128	1,320	1,809	2,779
Property, Plant & Equipment	724.05	752.3	805.68	814.6	772.39	869.63
Long-Term Investments	13.02	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	58.45	61.69	63.7	66.51	70.41	67.14
Long-Term Deferred Tax Assets	14.73	14.97	13.12	12.48	12	9.4
Long-Term Deferred Charges	2.31	2.84	9.4	7.96	10.44	60.53
Other Long-Term Assets	1.22	1.39	6.59	8.79	17.82	17.11
Total Assets	1,821	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	Sep '26 Sep 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	387.89	459.67	567.18	676.07	894.68	1,434
Accrued Expenses	43.35	83.43	97.46	95.02	71.9	78.03
Short-Term Debt	872.7	670.69	704.85	1,084	1,176	1,717
Current Portion of Long-Term Debt	10.5	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	15.16	5.2	7.66	11.31	14.74	9.47
Current Unearned Revenue	111.03	122.98	96.44	48.79	24.04	15.2
Other Current Liabilities	128.96	77.77	156.03	103.45	178.75	42.63
Total Current Liabilities	1,570	1,537	1,726	2,046	2,501	3,455
Long-Term Debt	52.58	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	2.52	2.71	8.83	10.3	11.68	13.12
Long-Term Deferred Tax Liabilities	0.07	0.07	0.03	0.01	0.09	-
Other Long-Term Liabilities	0.05	0.22	-	2.42	20	-
Total Liabilities	1,626	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	Sep '26 Sep 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	-1,817	-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	213.42	175.93	134.52	93.88	44.2	63.16
Minority Interest	-18.67	-18.59	-19.29	-19.07	-17.4	-12.32
Shareholders' Equity	194.74	157.34	115.23	74.81	26.8	50.84
Total Liabilities & Equity	1,821	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	Sep '26 Sep 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	937.2	880.14	1,002	1,219	1,465	2,179
Net Cash (Debt)	-497.43	-474.33	-480.69	-511.82	-481.21	-1,144
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.48	-0.57	-0.59	-0.62	-0.63	-1.48
Filing Date Shares Outstanding	684.16	765.73	765.73	765.73	765.73	765.73
Total Common Shares Outstanding	684.16	765.73	765.73	765.73	765.73	765.73
Working Capital	-570.04	-602.36	-597.98	-726.2	-691.89	-676.26
Book Value Per Share	0.31	0.23	0.18	0.12	0.06	0.08
Tangible Book Value	147.33	106.6	60.74	17.28	-36.29	-14.06
Tangible Book Value Per Share	0.22	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