SHE:002400 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Cash & Equivalents	1,075	2,516	1,658	1,777	878.61	1,438
Short-Term Investments	116.99	169.53	152.99	309.93	449.48	-
Trading Asset Securities	57.08	125.16	50.92	1.8	1.8	1.8
Cash & Short-Term Investments	1,249	2,811	1,862	2,088	1,330	1,440
Cash Growth	62.45%	50.94%	-10.84%	57.04%	-7.64%	20.83%
Accounts Receivable	8,258	6,642	5,068	4,457	4,172	3,051
Other Receivables	218.55	147.03	112.26	125.11	154.87	164.29
Receivables	8,477	6,789	5,180	4,582	4,327	3,215
Inventory	1.35	1.53	2.4	2.23	4.17	4.32
Prepaid Expenses	9.7	7.75	0.73	3.89	2.62	4.21
Other Current Assets	1,453	875.08	874.94	1,130	891.19	621.52
Total Current Assets	11,190	10,484	7,920	7,806	6,555	5,285
Property, Plant & Equipment	876.74	903.14	814.35	987.46	948.7	694.07
Long-Term Investments	1,058	1,142	954.73	972.01	947.43	934.46
Goodwill	301.66	301.66	341.73	341.73	341.73	480.95
Other Intangible Assets	8.01	13.93	31.91	53.37	74.46	96.83
Long-Term Deferred Tax Assets	204.31	191.22	182.15	187.16	167.3	164.22
Long-Term Deferred Charges	21.55	17.01	6.87	7.54	8.72	11.46
Other Long-Term Assets	139.76	139.76	256.08	273.48	258.49	257.49
Total Assets	13,800	13,193	10,508	10,629	9,302	7,925

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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Accounts Payable	4,756	4,463	3,156	3,404	2,928	2,445
Accrued Expenses	43.32	177.21	170.18	196.51	161.46	145.7
Short-Term Debt	2,692	2,447	1,180	837.46	519.5	6
Current Portion of Leases	51.72	45.37	23.12	49.32	41.29	15.36
Current Income Taxes Payable	8.73	55.72	24.2	58.76	90.03	64.06
Current Unearned Revenue	634.05	407.75	596.89	563.84	211.48	248.8
Other Current Liabilities	387.39	346.47	250.22	282.38	227.65	172.42
Total Current Liabilities	8,574	7,942	5,401	5,392	4,179	3,097
Long-Term Leases	115.71	136.09	101.76	234.75	168.53	9.6
Long-Term Unearned Revenue	-	-	-	-	-	0.07
Long-Term Deferred Tax Liabilities	15.3	15.3	0.86	-	17.36	19.85
Other Long-Term Liabilities	23.71	23.71	24.02	24.02	25.87	25.87
Total Liabilities	8,729	8,117	5,528	5,651	4,391	3,152

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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Common Stock	1,743	1,743	1,743	1,743	1,743	1,743
Additional Paid-In Capital	1,354	1,360	1,360	1,367	1,367	1,403
Retained Earnings	1,832	1,805	1,760	1,699	1,610	1,412
Comprehensive Income & Other	89.95	97.4	67.92	65.12	79.2	72.45
Total Common Equity	5,019	5,006	4,931	4,875	4,800	4,631
Minority Interest	52.24	69.69	49.55	102.62	110.56	142.18
Shareholders' Equity	5,071	5,076	4,981	4,978	4,910	4,773
Total Liabilities & Equity	13,800	13,193	10,508	10,629	9,302	7,925

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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Total Debt	2,860	2,628	1,305	1,122	729.32	30.96
Net Cash (Debt)	-1,611	182.42	557.13	966.89	600.57	1,409
Net Cash Growth	-	-67.26%	-42.38%	60.99%	-57.38%	69.53%
Net Cash Per Share	-0.92	0.10	0.32	0.55	0.34	0.84
Filing Date Shares Outstanding	1,743	1,743	1,743	1,743	1,743	1,743
Total Common Shares Outstanding	1,743	1,743	1,743	1,743	1,743	1,743
Working Capital	2,616	2,542	2,519	2,414	2,375	2,189
Book Value Per Share	2.88	2.87	2.83	2.80	2.75	2.66
Tangible Book Value	4,710	4,691	4,557	4,480	4,384	4,053
Tangible Book Value Per Share	2.70	2.69	2.61	2.57	2.51	2.32
Buildings	879.49	879.49	817.56	816.32	813.52	724.16
Machinery	70.39	66.06	65.91	70.08	70.19	68.89