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	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	289.47	503.49	790.34	863.83	637.81	754.7
Short-Term Investments	-	-	-	-	-	3.84
Trading Asset Securities	532.32	386.78	4.49	31.82	32	10.23
Cash & Short-Term Investments	821.79	890.27	794.83	895.65	669.81	768.77
Cash Growth	-2.37%	12.01%	-11.26%	33.72%	-12.87%	-18.06%
Accounts Receivable	1,011	974.59	915.3	906.8	965.53	651.06
Other Receivables	9.44	8.54	24.7	38.62	58.96	45.22
Receivables	1,021	983.14	940	945.43	1,024	696.28
Inventory	479.32	525.57	658.81	591.94	595.65	728.7
Prepaid Expenses	-	-	-	-	0.9	0.42
Other Current Assets	37.08	30.46	35.99	40.79	30.64	35.09
Total Current Assets	2,359	2,429	2,430	2,474	2,321	2,229
Property, Plant & Equipment	665	848.6	745.59	701.43	526.45	359.68
Long-Term Investments	32.05	32.3	12.86	13.94	51.59	63.83
Goodwill	-	-	-	754.96	858.42	858.42
Other Intangible Assets	165.51	163.91	56.85	132.96	139.48	153.6
Long-Term Deferred Tax Assets	90.61	87.74	80.61	77.63	82.52	82.58
Long-Term Deferred Charges	3.99	4.56	7.31	2.17	14.46	11.53
Other Long-Term Assets	394.28	179.86	245.66	102.16	117.83	120
Total Assets	3,710	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	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	566.43	627.67	635.51	514.76	618.78	710.5
Accrued Expenses	35.42	68.32	69.28	67.08	86.44	63.5
Short-Term Debt	180.08	199.41	119.54	122.47	54.91	-
Current Portion of Long-Term Debt	53.52	23.69	0.17	67.14	-	40
Current Portion of Leases	-	-	0.75	0.35	1.53	1.49
Current Income Taxes Payable	20.91	5.96	2.66	3.86	17.43	6.19
Current Unearned Revenue	6.2	4.21	7.39	6.23	3.62	4.05
Other Current Liabilities	31.02	35.26	44.37	37.05	25.43	39.29
Total Current Liabilities	893.57	964.52	879.68	818.94	808.14	865.02
Long-Term Debt	349.53	181.09	156.8	135.64	49.8	48.26
Long-Term Leases	-	-	-	0.37	0.72	1.2
Long-Term Unearned Revenue	35.93	45.05	46.71	58.27	69.64	80.27
Long-Term Deferred Tax Liabilities	21.7	22.87	24.43	35.89	39.8	23.84
Other Long-Term Liabilities	-	1.02	0.66	-	-	1.82
Total Liabilities	1,301	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	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	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	-532.37	-569.75	-639.38	110.06	57.67	-185.87
Treasury Stock	-165	-7.26	-	-	-	-
Comprehensive Income & Other	6.9	7.67	8.52	17.68	15.19	13.88
Total Common Equity	2,408	2,530	2,467	3,207	3,141	2,854
Minority Interest	1.22	2.29	2.93	3.15	3.56	4.76
Shareholders' Equity	2,410	2,532	2,470	3,210	3,144	2,858
Total Liabilities & Equity	3,710	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	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	583.12	404.19	277.26	325.97	106.97	90.95
Net Cash (Debt)	238.67	486.08	517.57	569.69	562.85	677.82
Net Cash Growth	-39.59%	-6.08%	-9.15%	1.21%	-16.96%	-17.51%
Net Cash Per Share	0.27	0.56	0.57	0.65	0.62	0.73
Filing Date Shares Outstanding	981.62	913.25	915.32	914.03	912.88	908.41
Total Common Shares Outstanding	981.62	914.42	915.32	914.03	912.88	908.41
Working Capital	1,465	1,465	1,550	1,655	1,513	1,364
Book Value Per Share	2.45	2.77	2.70	3.51	3.44	3.14
Tangible Book Value	2,243	2,366	2,410	2,319	2,143	1,842
Tangible Book Value Per Share	2.28	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