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	Sep '26 Sep 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	135.33	154.41	192.83	234.67	79.71	106.93
Cash & Short-Term Investments	135.33	154.41	192.83	234.67	79.71	106.93
Cash Growth	-8.29%	-19.92%	-17.83%	194.42%	-25.46%	-23.25%
Accounts Receivable	83.48	61.13	78.69	98.91	133.04	75.43
Other Receivables	26.42	21.09	31.06	40.2	36.15	29.3
Receivables	109.9	82.23	109.75	139.11	169.2	104.73
Inventory	2.13	0.98	0.64	1.11	1.31	1.56
Prepaid Expenses	-	0	0	0	0.01	0.22
Other Current Assets	55.38	309.69	43.41	35.64	47.43	37.5
Total Current Assets	302.74	547.3	346.63	410.53	297.64	250.93
Property, Plant & Equipment	567.85	590.92	636.45	637.73	688.81	618.19
Long-Term Investments	1,470	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	147.43	152.02	171.55	178.95	188.08	204.29
Long-Term Accounts Receivable	0.27	0.61	0.16	0.53	1.43	1.78
Long-Term Deferred Tax Assets	3.19	12.72	24.19	18.63	26.89	34.58
Long-Term Deferred Charges	27.59	22.2	12.62	8.87	8.91	10.72
Other Long-Term Assets	99.32	188.61	303.51	322.48	310.59	323.48
Total Assets	2,620	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	Sep '26 Sep 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	86.68	96.44	75.74	93.53	72.02	69.84
Accrued Expenses	38.67	43.54	53.63	57.37	51.16	48.11
Short-Term Debt	57.14	366.72	496.53	451.45	398.68	327.93
Current Portion of Long-Term Debt	6.67	141.6	1	1	51	59
Current Portion of Leases	-	2.09	1.02	1.44	0.52	0.92
Current Income Taxes Payable	14.37	3.35	13.73	6.47	1.65	1.2
Current Unearned Revenue	9.46	8.31	10.89	6.76	24.32	24.1
Other Current Liabilities	243.2	302.09	293.97	347.78	344.13	295.64
Total Current Liabilities	456.19	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	4.01	4.29	12.41	58.61	72.22	25.54
Long-Term Unearned Revenue	44.45	125.1	133.21	143.43	151.27	153.2
Long-Term Deferred Tax Liabilities	44.69	46.05	60.39	75.84	100.13	98.04
Other Long-Term Liabilities	10.43	11.21	13.41	12.31	16.06	15.72
Total Liabilities	560.68	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	Sep '26 Sep 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	182.33	188.01	184.01	178.29	186.92	186.82
Retained Earnings	1,475	1,160	1,036	929.43	778.95	757.47
Comprehensive Income & Other	45.36	41.77	62.26	39.27	28.44	44.17
Total Common Equity	2,016	1,704	1,596	1,460	1,308	1,302
Minority Interest	43.21	99.27	80.38	79.1	79.71	83.57
Shareholders' Equity	2,060	1,803	1,676	1,540	1,388	1,386
Total Liabilities & Equity	2,620	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	Sep '26 Sep 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	68.73	525.11	557.86	560.42	571.33	513.3
Net Cash (Debt)	66.6	-370.7	-365.04	-325.75	-491.62	-406.37
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	0.21	-1.18	-1.16	-1.04	-1.57	-1.30
Filing Date Shares Outstanding	313.49	313.49	313.49	313.49	313.49	313.49
Total Common Shares Outstanding	313.49	313.49	313.49	313.49	313.49	313.49
Working Capital	-153.44	-416.84	-599.87	-555.28	-645.84	-575.8
Book Value Per Share	6.43	5.43	5.09	4.66	4.17	4.15
Tangible Book Value	1,867	1,550	1,334	1,192	1,017	991.4
Tangible Book Value Per Share	5.96	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