SHE:002238 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	431.86	620.94	1,103	988.59	1,130	871.52
Short-Term Investments	-	43.75	-	-	-	-
Trading Asset Securities	103	5.01	2.5	21.43	-	50
Cash & Short-Term Investments	534.86	669.71	1,105	1,010	1,130	921.52
Cash Growth	-46.01%	-39.41%	9.44%	-10.62%	22.62%	-17.89%
Accounts Receivable	215.11	207.7	273.15	386.09	370.25	322.12
Other Receivables	26.04	28.46	20.4	16.13	14.56	15.16
Receivables	241.15	236.16	293.56	402.22	384.81	337.28
Inventory	64.89	39.79	48.05	29.29	27.42	40.34
Prepaid Expenses	-	1.4	5.97	0.1	0.09	0.01
Other Current Assets	107.54	56.68	47.31	79.97	26.31	22.39
Total Current Assets	948.45	1,004	1,500	1,522	1,569	1,322
Property, Plant & Equipment	1,190	1,260	1,533	1,678	1,370	1,227
Long-Term Investments	273.72	277.33	293.79	375.26	384.58	441.88
Other Intangible Assets	263.57	272.91	286.24	302.77	301.97	309.58
Long-Term Deferred Tax Assets	3.34	2.92	3.27	24.39	13.54	0.56
Long-Term Deferred Charges	113.22	135.7	151.35	158.24	152.83	152.42
Other Long-Term Assets	696.45	667.77	459.08	293.95	257.2	257.55
Total Assets	3,489	3,621	4,227	4,355	4,049	3,710

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	441.48	504.61	571.86	636.45	624.4	484.3
Accrued Expenses	21.36	89.5	87.23	124.56	119.86	112.98
Short-Term Debt	251.99	258.7	377.73	262.62	204.98	-
Current Portion of Long-Term Debt	15.54	-	-	0.07	-	-
Current Portion of Leases	-	18.54	23.15	25.78	28.63	27.06
Current Income Taxes Payable	5.94	0.72	1.98	1.24	0.51	0.46
Current Unearned Revenue	385.41	341.82	391.1	388.29	369.01	401.28
Other Current Liabilities	279.16	235.96	242.67	230.84	213.16	215.69
Total Current Liabilities	1,401	1,450	1,696	1,670	1,561	1,242
Long-Term Debt	-	-	-	149.96	-	-
Long-Term Leases	9.23	16.91	24.76	33.72	34.25	38
Long-Term Unearned Revenue	111.85	123.36	151.93	81.75	73.13	82.98
Long-Term Deferred Tax Liabilities	-	-	-	11.33	12.13	-
Other Long-Term Liabilities	1.33	1.33	2.47	0.81	-	-
Total Liabilities	1,523	1,591	1,875	1,947	1,680	1,363

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	802.56	802.56	802.56	802.56	802.56	802.56
Additional Paid-In Capital	0.73	0.73	43.91	36.91	36.91	36.91
Retained Earnings	1,124	1,169	1,443	1,509	1,465	1,434
Total Common Equity	1,927	1,972	2,290	2,349	2,304	2,274
Minority Interest	38.72	56.91	62.68	58.27	64.83	73.69
Shareholders' Equity	1,966	2,029	2,352	2,407	2,369	2,348
Total Liabilities & Equity	3,489	3,621	4,227	4,355	4,049	3,710

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	276.76	294.16	425.63	472.14	267.86	65.07
Net Cash (Debt)	258.1	375.55	679.69	537.87	862.14	856.45
Net Cash Growth	-46.66%	-44.75%	26.37%	-37.61%	0.66%	4.20%
Net Cash Per Share	0.32	0.47	0.85	0.69	1.10	1.09
Filing Date Shares Outstanding	801	802.56	802.56	802.56	802.56	802.56
Total Common Shares Outstanding	801	802.56	802.56	802.56	802.56	802.56
Working Capital	-452.44	-446.13	-195.5	-148.25	8.09	79.77
Book Value Per Share	2.41	2.46	2.85	2.93	2.87	2.83
Tangible Book Value	1,663	1,699	2,004	2,046	2,002	1,964
Tangible Book Value Per Share	2.08	2.12	2.50	2.55	2.49	2.45
Buildings	-	410.34	410.34	413.85	357.77	357.2
Machinery	-	1,399	1,524	1,244	1,183	1,139
Construction In Progress	-	71.62	72.48	390.58	279.23	140.17