SHE:002321 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	192.38	413.57	274.75	241.53	341.82	919.82
Trading Asset Securities	0.03	1.05	1.04	-	33.21	-
Cash & Short-Term Investments	192.41	414.62	275.78	241.53	375.03	919.82
Cash Growth	-41.72%	50.34%	14.18%	-35.60%	-59.23%	277.44%
Accounts Receivable	804.39	1,045	538.33	482.37	536.9	440.23
Other Receivables	111.25	76.6	83.75	95.9	106.38	182.91
Receivables	915.65	1,122	622.08	578.27	643.28	623.14
Inventory	1,284	641.07	984.61	744.37	612.43	420.17
Prepaid Expenses	8.41	8.29	3.51	7.68	0.16	0.16
Other Current Assets	265.22	160.35	91.24	311.7	87.37	533.76
Total Current Assets	2,666	2,346	1,977	1,884	1,718	2,497
Property, Plant & Equipment	953.08	989.99	1,086	1,344	1,433	1,476
Long-Term Investments	29.39	35.8	56.37	40.28	44.33	25.86
Goodwill	112.2	112.2	112.2	112.2	112.2	112.2
Other Intangible Assets	155.2	158.12	163.83	179.93	180.88	186.85
Long-Term Deferred Tax Assets	17.18	20.33	11.6	13.99	15.27	16.03
Long-Term Deferred Charges	3.48	3.89	0.75	0.3	0.47	-
Other Long-Term Assets	259.89	266.23	282.96	104.38	24.74	32.28
Total Assets	4,196	3,933	3,691	3,679	3,530	4,346

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	639.78	584.84	249.48	264.54	305.59	408.66
Accrued Expenses	69.13	54.65	50.78	62.32	62.87	281.64
Short-Term Debt	544.86	475.06	325.07	218.02	151.1	15
Current Portion of Long-Term Debt	4	3.4	81.27	0.9	-	28.5
Current Portion of Leases	3.02	2.77	4.51	8.96	15.74	11.21
Current Income Taxes Payable	11.2	8.58	13.44	14.85	13.37	13.26
Current Unearned Revenue	226.61	79.09	136.21	85.61	116.63	155.83
Other Current Liabilities	289.72	289.92	395.06	505.49	373.54	840.88
Total Current Liabilities	1,788	1,498	1,256	1,161	1,039	1,755
Long-Term Debt	11.32	13.32	7.81	89.11	80	-
Long-Term Leases	50.08	51.55	54.75	82.28	81.63	74.32
Long-Term Unearned Revenue	68.1	69.69	51.53	56.15	56.69	59.97
Other Long-Term Liabilities	859	859.12	884.78	895.01	910.71	984.58
Total Liabilities	2,777	2,492	2,255	2,283	2,168	2,874

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	2,133	2,133	2,133	2,133	2,133	2,133
Additional Paid-In Capital	2,936	2,936	2,835	2,841	2,844	2,305
Retained Earnings	-4,006	-3,976	-3,917	-3,949	-3,917	-3,320
Treasury Stock	-117.09	-117.09	-51	-	-	-
Comprehensive Income & Other	-38.64	-38.64	-38.64	-38.64	-38.64	-
Total Common Equity	907.71	936.99	961.33	986.79	1,022	1,117
Minority Interest	511.91	503.81	474.91	408.99	340.12	355.44
Shareholders' Equity	1,420	1,441	1,436	1,396	1,362	1,472
Total Liabilities & Equity	4,196	3,933	3,691	3,679	3,530	4,346

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	613.28	546.11	473.42	399.26	328.46	129.03
Net Cash (Debt)	-420.87	-131.49	-197.64	-157.73	46.57	790.79
Net Cash Growth	-	-	-	-	-94.11%	-
Net Cash Per Share	-0.21	-0.07	-0.12	-0.07	0.02	1.43
Filing Date Shares Outstanding	2,104	2,104	2,104	2,133	2,133	2,133
Total Common Shares Outstanding	2,104	2,104	2,104	2,133	2,133	2,133
Working Capital	877.7	847.91	721.39	722.87	679.44	742.07
Book Value Per Share	0.43	0.45	0.46	0.46	0.48	0.52
Tangible Book Value	640.3	666.66	685.3	694.66	728.45	817.99
Tangible Book Value Per Share	0.30	0.32	0.33	0.33	0.34	0.38
Buildings	1,417	1,413	1,470	1,687	1,712	1,730
Machinery	539.85	542.65	556.11	550.69	521.88	513.86
Construction In Progress	5.63	3.88	0.65	8.7	7.92	9.44