SHE:002357 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	169.68	154.41	192.83	234.67	79.71	106.93
Cash & Short-Term Investments	169.68	154.41	192.83	234.67	79.71	106.93
Cash Growth	-6.60%	-19.92%	-17.83%	194.42%	-25.46%	-23.25%
Accounts Receivable	74.71	61.13	78.69	98.91	133.04	75.43
Other Receivables	91.84	21.09	31.06	40.2	36.15	29.3
Receivables	166.56	82.23	109.75	139.11	169.2	104.73
Inventory	1.34	0.98	0.64	1.11	1.31	1.56
Prepaid Expenses	-	0	0	0	0.01	0.22
Other Current Assets	42.32	309.69	43.41	35.64	47.43	37.5
Total Current Assets	379.9	547.3	346.63	410.53	297.64	250.93
Property, Plant & Equipment	581.33	590.92	636.45	637.73	688.81	618.19
Long-Term Investments	1,481	1,448	1,304	1,176	1,094	1,054
Goodwill	1.7	1.7	89.76	89.76	102.76	106.27
Other Intangible Assets	148.87	152.02	171.55	178.95	188.08	204.29
Long-Term Accounts Receivable	-	0.61	0.16	0.53	1.43	1.78
Long-Term Deferred Tax Assets	9.57	12.72	24.19	18.63	26.89	34.58
Long-Term Deferred Charges	30.18	22.2	12.62	8.87	8.91	10.72
Other Long-Term Assets	102.55	188.61	303.51	322.48	310.59	323.48
Total Assets	2,735	2,964	2,889	2,843	2,720	2,605

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	84.61	96.44	75.74	93.53	72.02	69.84
Accrued Expenses	34.91	43.54	53.63	57.37	51.16	48.11
Short-Term Debt	85.16	366.72	496.53	451.45	398.68	327.93
Current Portion of Long-Term Debt	70.56	141.6	1	1	51	59
Current Portion of Leases	-	2.09	1.02	1.44	0.52	0.92
Current Income Taxes Payable	34.51	3.35	13.73	6.47	1.65	1.2
Current Unearned Revenue	2.26	8.31	10.89	6.76	24.32	24.1
Other Current Liabilities	256.33	302.09	293.97	347.78	344.13	295.64
Total Current Liabilities	568.34	964.14	946.5	965.8	943.49	826.73
Long-Term Debt	0.91	10.41	46.91	47.91	48.91	99.91
Long-Term Leases	4.11	4.29	12.41	58.61	72.22	25.54
Long-Term Unearned Revenue	40.92	125.1	133.21	143.43	151.27	153.2
Long-Term Deferred Tax Liabilities	45.98	46.05	60.39	75.84	100.13	98.04
Other Long-Term Liabilities	10.66	11.21	13.41	12.31	16.06	15.72
Total Liabilities	670.92	1,161	1,213	1,304	1,332	1,219

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	313.49	313.49	313.49	313.49	313.49	313.49
Additional Paid-In Capital	188.01	188.01	184.01	178.29	186.92	186.82
Retained Earnings	1,477	1,160	1,036	929.43	778.95	757.47
Comprehensive Income & Other	43.14	41.77	62.26	39.27	28.44	44.17
Total Common Equity	2,021	1,704	1,596	1,460	1,308	1,302
Minority Interest	43.33	99.27	80.38	79.1	79.71	83.57
Shareholders' Equity	2,065	1,803	1,676	1,540	1,388	1,386
Total Liabilities & Equity	2,735	2,964	2,889	2,843	2,720	2,605

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	160.74	525.11	557.86	560.42	571.33	513.3
Net Cash (Debt)	8.95	-370.7	-365.04	-325.75	-491.62	-406.37
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	0.03	-1.18	-1.16	-1.04	-1.57	-1.30
Filing Date Shares Outstanding	313.43	313.49	313.49	313.49	313.49	313.49
Total Common Shares Outstanding	313.43	313.49	313.49	313.49	313.49	313.49
Working Capital	-188.44	-416.84	-599.87	-555.28	-645.84	-575.8
Book Value Per Share	6.45	5.43	5.09	4.66	4.17	4.15
Tangible Book Value	1,871	1,550	1,334	1,192	1,017	991.4
Tangible Book Value Per Share	5.97	4.94	4.26	3.80	3.24	3.16
Buildings	-	340.72	378.66	376.66	389.42	400.59
Machinery	-	1,182	1,212	1,176	1,149	1,045
Construction In Progress	-	-	-	-	-	0.1