SHE:002446 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	390.06	503.49	790.34	863.83	637.81	754.7
Short-Term Investments	-	-	-	-	-	3.84
Trading Asset Securities	513.79	386.78	4.49	31.82	32	10.23
Cash & Short-Term Investments	903.85	890.27	794.83	895.65	669.81	768.77
Cash Growth	4.63%	12.01%	-11.26%	33.72%	-12.87%	-18.06%
Accounts Receivable	1,016	974.59	915.3	906.8	965.53	651.06
Other Receivables	7.95	8.54	24.7	38.62	58.96	45.22
Receivables	1,024	983.14	940	945.43	1,024	696.28
Inventory	482.75	525.57	658.81	591.94	595.65	728.7
Prepaid Expenses	-	-	-	-	0.9	0.42
Other Current Assets	33.56	30.46	35.99	40.79	30.64	35.09
Total Current Assets	2,444	2,429	2,430	2,474	2,321	2,229
Property, Plant & Equipment	674.05	848.6	745.59	701.43	526.45	359.68
Long-Term Investments	32.13	32.3	12.86	13.94	51.59	63.83
Goodwill	-	-	-	754.96	858.42	858.42
Other Intangible Assets	159.53	163.91	56.85	132.96	139.48	153.6
Long-Term Deferred Tax Assets	90.64	87.74	80.61	77.63	82.52	82.58
Long-Term Deferred Charges	4.13	4.56	7.31	2.17	14.46	11.53
Other Long-Term Assets	405.27	179.86	245.66	102.16	117.83	120
Total Assets	3,810	3,746	3,579	4,259	4,112	3,879

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	644.34	627.67	635.51	514.76	618.78	710.5
Accrued Expenses	26.4	68.32	69.28	67.08	86.44	63.5
Short-Term Debt	190.12	199.41	119.54	122.47	54.91	-
Current Portion of Long-Term Debt	37.89	23.69	0.17	67.14	-	40
Current Portion of Leases	-	-	0.75	0.35	1.53	1.49
Current Income Taxes Payable	27.56	5.96	2.66	3.86	17.43	6.19
Current Unearned Revenue	4.1	4.21	7.39	6.23	3.62	4.05
Other Current Liabilities	27	35.26	44.37	37.05	25.43	39.29
Total Current Liabilities	957.41	964.52	879.68	818.94	808.14	865.02
Long-Term Debt	351.58	181.09	156.8	135.64	49.8	48.26
Long-Term Leases	-	-	-	0.37	0.72	1.2
Long-Term Unearned Revenue	38.9	45.05	46.71	58.27	69.64	80.27
Long-Term Deferred Tax Liabilities	22.09	22.87	24.43	35.89	39.8	23.84
Other Long-Term Liabilities	-	1.02	0.66	-	-	1.82
Total Liabilities	1,370	1,215	1,108	1,049	968.1	1,020

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	915.42	915.42	915.32	914.03	912.88	908.41
Additional Paid-In Capital	2,183	2,183	2,183	2,165	2,155	2,117
Retained Earnings	-533.31	-569.75	-639.38	110.06	57.67	-185.87
Treasury Stock	-135.17	-7.26	-	-	-	-
Comprehensive Income & Other	7.72	7.67	8.52	17.68	15.19	13.88
Total Common Equity	2,438	2,530	2,467	3,207	3,141	2,854
Minority Interest	1.65	2.29	2.93	3.15	3.56	4.76
Shareholders' Equity	2,440	2,532	2,470	3,210	3,144	2,858
Total Liabilities & Equity	3,810	3,746	3,579	4,259	4,112	3,879

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	579.59	404.19	277.26	325.97	106.97	90.95
Net Cash (Debt)	324.25	486.08	517.57	569.69	562.85	677.82
Net Cash Growth	-25.84%	-6.08%	-9.15%	1.21%	-16.96%	-17.51%
Net Cash Per Share	0.38	0.56	0.57	0.65	0.62	0.73
Filing Date Shares Outstanding	988.6	913.25	915.32	914.03	912.88	908.41
Total Common Shares Outstanding	988.6	914.42	915.32	914.03	912.88	908.41
Working Capital	1,487	1,465	1,550	1,655	1,513	1,364
Book Value Per Share	2.47	2.77	2.70	3.51	3.44	3.14
Tangible Book Value	2,279	2,366	2,410	2,319	2,143	1,842
Tangible Book Value Per Share	2.30	2.59	2.63	2.54	2.35	2.03
Buildings	-	413.3	441.85	487.06	439.99	302.98
Machinery	-	400.3	366.78	344.38	229.3	255.46
Construction In Progress	-	468.25	328.17	225.55	82.23	74.87