SHE:002392 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	1,327	1,566	1,183	760.1	593.04	485.87
Short-Term Investments	-	96.95	20.91	76.69	-	-
Trading Asset Securities	431.82	367.99	65.75	516.17	592.2	315.12
Cash & Short-Term Investments	1,759	2,031	1,270	1,353	1,185	800.99
Cash Growth	8.87%	59.97%	-6.17%	14.15%	47.97%	-11.43%
Accounts Receivable	4,470	4,261	3,651	3,824	3,062	2,531
Other Receivables	120.71	41.01	40.3	47.85	30.39	159.28
Receivables	4,591	4,302	3,691	3,871	3,092	2,690
Inventory	1,751	1,686	1,534	1,273	1,159	1,187
Prepaid Expenses	-	0.6	0.35	0.12	0.12	0.19
Other Current Assets	276.23	273.76	433.19	214.29	193.64	345.12
Total Current Assets	8,377	8,293	6,928	6,712	5,630	5,023
Property, Plant & Equipment	1,186	1,218	1,155	1,131	1,165	990.65
Long-Term Investments	653.89	325.24	244.65	113.07	90.03	89.36
Goodwill	9.92	9.92	7.12	7.16	7.12	-
Other Intangible Assets	566.28	574.72	518.17	532.75	547.82	491.41
Long-Term Accounts Receivable	-	11.8	4.17	0.26	-	-
Long-Term Deferred Tax Assets	91.99	86.34	78.22	83.79	77.18	70.9
Long-Term Deferred Charges	12.01	14.3	15.78	19.97	12.91	15.86
Other Long-Term Assets	200.42	41.11	57.24	53.17	48.1	147.48
Total Assets	11,098	10,575	9,008	8,653	7,578	6,829

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	3,367	3,411	2,604	2,514	2,170	1,783
Accrued Expenses	52.99	77.59	69.63	78.59	61.72	41.17
Short-Term Debt	247.37	358.39	301.46	316.79	28.01	-
Current Portion of Long-Term Debt	6.2	180.21	65.16	-	-	98.1
Current Portion of Leases	-	-	-	2.7	3.02	3.02
Current Income Taxes Payable	75.18	65.78	78.76	88.71	57.17	55.17
Current Unearned Revenue	103.39	77.2	49.33	59.72	39.95	56.38
Other Current Liabilities	265.16	238.88	188.58	176.96	172.38	103.26
Total Current Liabilities	4,117	4,409	3,357	3,237	2,532	2,140
Long-Term Debt	533.92	95	127.5	-	-	-
Long-Term Leases	-	-	-	-	2.82	5.84
Long-Term Unearned Revenue	63.7	56.55	44.21	43.19	43.7	44.15
Long-Term Deferred Tax Liabilities	70.75	35.94	19.3	21.85	24.55	11.18
Total Liabilities	4,786	4,596	3,548	3,302	2,603	2,201

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	1,190	1,190	1,190	1,190	1,190	1,190
Additional Paid-In Capital	991.48	991.47	979.09	1,009	1,002	991.34
Retained Earnings	3,987	3,645	3,282	3,051	2,690	2,434
Treasury Stock	-	-	-93.91	-	-	-
Comprehensive Income & Other	-6.76	-0.43	0.78	1.42	3.7	1.98
Total Common Equity	6,162	5,826	5,359	5,252	4,887	4,618
Minority Interest	149.7	152.47	101.75	98.43	88.2	9.57
Shareholders' Equity	6,312	5,979	5,460	5,351	4,975	4,627
Total Liabilities & Equity	11,098	10,575	9,008	8,653	7,578	6,829

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	787.49	633.6	494.12	319.5	33.85	106.95
Net Cash (Debt)	971.56	1,397	775.38	1,033	1,151	694.03
Net Cash Growth	12.10%	80.20%	-24.97%	-10.24%	65.90%	-13.70%
Net Cash Per Share	0.83	1.18	0.66	0.87	0.97	0.59
Filing Date Shares Outstanding	1,216	1,190	1,167	1,190	1,190	1,190
Total Common Shares Outstanding	1,216	1,190	1,167	1,190	1,190	1,190
Working Capital	4,260	3,884	3,571	3,475	3,098	2,883
Book Value Per Share	5.07	4.89	4.59	4.41	4.10	3.88
Tangible Book Value	5,586	5,241	4,833	4,712	4,332	4,126
Tangible Book Value Per Share	4.59	4.40	4.14	3.96	3.64	3.47
Buildings	-	981.9	886.83	868.11	763.39	663.9
Machinery	-	1,119	996.98	961.8	858.1	803.43
Construction In Progress	-	25.98	91.71	10.17	168.32	59.43