SHE:002354 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	549.54	382.35	310.74	372.89	321.22	402.85
Short-Term Investments	370	-	60	-	-	-
Trading Asset Securities	-	-	29.73	-	12	582.07
Cash & Short-Term Investments	919.54	382.35	400.47	372.89	333.22	984.92
Cash Growth	113.17%	-4.52%	7.40%	11.91%	-66.17%	4.20%
Accounts Receivable	546.37	543.53	455.08	407.48	307.82	222.36
Other Receivables	22.22	21.14	18.47	37.8	50.31	65.84
Receivables	568.59	564.67	473.56	445.28	358.12	288.2
Inventory	19.48	23.79	16.65	19.3	24.83	24.13
Other Current Assets	112.98	110.02	75.89	47.48	44.95	44.16
Total Current Assets	1,621	1,081	966.56	884.96	761.12	1,341
Property, Plant & Equipment	103.06	84.44	59.15	91.79	84.09	84.95
Long-Term Investments	105.33	109.09	154.31	444.98	1,281	1,530
Goodwill	500.97	499.04	544.02	576.29	615.58	619.02
Other Intangible Assets	3.11	3.36	3.75	4.34	4.99	2.19
Long-Term Deferred Tax Assets	10.22	6.35	6.64	7.01	4.75	0.79
Long-Term Deferred Charges	11.95	7.06	5.66	5.17	7.16	8.35
Other Long-Term Assets	16.37	17.26	25.74	8.85	9.07	-
Total Assets	2,372	1,807	1,766	2,023	2,768	3,586

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	130.16	233.62	315.02	291.29	179.44	178.44
Accrued Expenses	117.85	126.78	62.31	60.22	55.7	47.68
Short-Term Debt	91.95	95.18	9.22	0.24	0.43	0.74
Current Portion of Leases	9.6	8.87	6.84	10.47	9.47	13.55
Current Income Taxes Payable	14.09	7.53	5.86	6.81	4.3	2.31
Current Unearned Revenue	114.86	64.23	40.39	46.92	50.34	78.75
Other Current Liabilities	89.65	51.01	48.02	64.03	42.42	45.2
Total Current Liabilities	568.16	587.22	487.67	479.99	342.11	366.67
Long-Term Leases	28.98	17.15	6.98	6.47	14.31	1.85
Long-Term Unearned Revenue	0.53	0.61	1.16	1.49	0.24	0.27
Long-Term Deferred Tax Liabilities	6.36	3.28	3.14	4.81	5.45	2.22
Other Long-Term Liabilities	4.62	4.62	4.62	4.62	4.62	453.91
Total Liabilities	608.65	612.88	503.57	497.38	366.72	824.91

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	1,655	1,655	1,655	1,655	1,655	1,662
Additional Paid-In Capital	7,717	7,185	7,164	7,230	6,991	7,028
Retained Earnings	-7,433	-7,443	-7,394	-7,233	-6,143	-5,862
Comprehensive Income & Other	-212.39	-209.96	-204.15	-147.85	-148.81	-141.74
Total Common Equity	1,726	1,187	1,221	1,504	2,354	2,686
Minority Interest	36.54	7.09	41.57	22.05	47.65	74.86
Shareholders' Equity	1,763	1,195	1,262	1,526	2,401	2,761
Total Liabilities & Equity	2,372	1,807	1,766	2,023	2,768	3,586

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	130.53	121.2	23.05	17.19	24.2	16.14
Net Cash (Debt)	789.01	261.15	377.42	355.71	309.02	968.77
Net Cash Growth	126.22%	-30.81%	6.11%	15.11%	-68.10%	2.49%
Net Cash Per Share	0.48	0.16	0.23	0.21	0.19	0.58
Filing Date Shares Outstanding	1,655	1,655	1,655	1,655	1,655	1,662
Total Common Shares Outstanding	1,655	1,655	1,655	1,655	1,655	1,662
Working Capital	1,052	493.6	478.89	404.96	419.01	974.74
Book Value Per Share	1.04	0.72	0.74	0.91	1.42	1.62
Tangible Book Value	1,222	685.05	672.92	923.32	1,733	2,065
Tangible Book Value Per Share	0.74	0.41	0.41	0.56	1.05	1.24
Buildings	57.34	57.86	46.63	76.49	62.57	73.57
Machinery	73.36	64.57	53.15	52.7	49.32	44.3