SHE:002234 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	513.75	527.31	622.12	587.85	777.75	656.03
Short-Term Investments	-	0.37	0.78	9.67	3.76	14.52
Trading Asset Securities	-	-	-	40.07	221.32	294.97
Cash & Short-Term Investments	513.75	527.69	622.91	637.59	1,003	965.52
Cash Growth	-16.44%	-15.29%	-2.30%	-36.42%	3.86%	29.51%
Accounts Receivable	79.12	72.1	78.32	74.26	68.56	57.34
Other Receivables	18.23	14.58	5.43	6.6	5.23	4.67
Receivables	97.35	86.69	83.75	80.86	73.79	62.01
Inventory	585.2	578.51	598.26	574.27	550.39	493.74
Prepaid Expenses	-	-	-	-	0.03	0.01
Other Current Assets	17.75	17.1	25.21	25.47	30.37	49.55
Total Current Assets	1,214	1,210	1,330	1,318	1,657	1,571
Property, Plant & Equipment	2,102	2,150	2,157	2,047	1,868	1,813
Long-Term Investments	161.09	164.79	189.57	220.14	263.21	294.85
Other Intangible Assets	103.33	104.8	107.91	105.21	88.75	89.64
Long-Term Deferred Tax Assets	0.33	0.35	0.39	0.1	0.03	0.02
Long-Term Deferred Charges	0.93	1.59	2.96	4.72	6.72	2.98
Other Long-Term Assets	27.09	22.02	50.95	60.46	70.68	69.9
Total Assets	3,609	3,653	3,839	3,756	3,955	3,841

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	293.43	200.1	182.26	197.11	114.1	116.85
Accrued Expenses	31.21	36.84	37.22	36.62	34.02	40.04
Short-Term Debt	1,148	1,254	1,410	1,099	996.23	422.35
Current Portion of Long-Term Debt	89.47	2.68	1.6	-	-	-
Current Portion of Leases	-	56.22	6.96	4.09	2.17	1.79
Current Income Taxes Payable	5.2	0.03	0.03	0.01	-	-
Current Unearned Revenue	10.91	12.45	9.91	11.16	8.46	7.52
Other Current Liabilities	9.19	10.41	11.42	17.17	18	15.65
Total Current Liabilities	1,587	1,572	1,659	1,365	1,173	604.2
Long-Term Debt	102.32	103.66	28.39	-	-	-
Long-Term Leases	25.29	114.08	33.15	21.9	20.86	17.19
Long-Term Unearned Revenue	99.46	101.09	95.8	92.91	91.64	92.05
Long-Term Deferred Tax Liabilities	0.29	0.32	0.39	0.1	-	-
Total Liabilities	1,947	1,892	1,817	1,480	1,285	713.45

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	348.96	348.96	348.96	348.96	348.96	348.96
Additional Paid-In Capital	1,382	1,382	1,382	1,382	1,382	1,382
Retained Earnings	-56.28	38.96	307.47	556.6	942.91	1,395
Comprehensive Income & Other	0.07	0.06	0.07	-	-	-
Total Common Equity	1,675	1,770	2,038	2,287	2,674	3,126
Minority Interest	-12.63	-8.36	-16.52	-11.84	-4.33	2.02
Shareholders' Equity	1,662	1,761	2,022	2,276	2,669	3,128
Total Liabilities & Equity	3,609	3,653	3,839	3,756	3,955	3,841

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	1,365	1,530	1,480	1,125	1,019	441.33
Net Cash (Debt)	-851.39	-1,003	-856.93	-487.54	-16.43	524.19
Net Cash Growth	-	-	-	-	-	60.62%
Net Cash Per Share	-2.44	-2.88	-2.44	-1.40	-0.05	1.54
Filing Date Shares Outstanding	350.2	348.96	348.96	348.96	348.96	348.96
Total Common Shares Outstanding	350.2	348.96	348.96	348.96	348.96	348.96
Working Capital	-373.4	-362.49	-329.01	-47.11	484.42	966.62
Book Value Per Share	4.78	5.07	5.84	6.55	7.66	8.96
Tangible Book Value	1,571	1,665	1,930	2,182	2,585	3,036
Tangible Book Value Per Share	4.49	4.77	5.53	6.25	7.41	8.70
Buildings	-	1,790	1,657	1,506	1,424	1,339
Machinery	-	1,648	1,544	1,436	1,373	1,221
Construction In Progress	-	218.36	294.85	320.78	182.31	229.7