SHE:002465 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	1,933	3,859	4,746	4,560	2,742	2,633
Trading Asset Securities	1,061	868.46	454.17	270.5	332	1,024
Cash & Short-Term Investments	2,993	4,727	5,200	4,831	3,074	3,657
Cash Growth	-35.33%	-9.10%	7.65%	57.13%	-15.93%	-3.13%
Accounts Receivable	7,483	7,279	7,023	6,550	4,415	3,559
Other Receivables	87.53	69.98	66.47	79.31	101.23	107.54
Receivables	7,571	7,349	7,090	6,629	4,516	3,667
Inventory	1,227	1,291	1,339	1,620	1,635	1,911
Prepaid Expenses	-	0.12	-	-	-	-
Other Current Assets	2,129	245.48	209.77	150.2	188.45	142.98
Total Current Assets	13,920	13,612	13,839	13,230	9,414	9,377
Property, Plant & Equipment	3,675	3,613	2,338	1,863	1,553	1,358
Long-Term Investments	473	489.84	504.79	459.81	445.38	293.39
Goodwill	789.19	789.19	1,027	1,061	1,111	1,176
Other Intangible Assets	304.14	311.4	287.53	308.31	327.11	152.82
Long-Term Deferred Tax Assets	495.27	379.23	274.31	195.35	143.74	129.09
Long-Term Deferred Charges	40.58	42.18	52.15	55.19	46.12	76.08
Other Long-Term Assets	2,027	2,028	2,208	2,261	2,174	2,221
Total Assets	21,724	21,265	20,530	19,434	15,214	14,784

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	3,125	3,310	2,731	3,389	2,235	1,991
Accrued Expenses	43.77	92.82	116.98	182.04	195.31	124.53
Short-Term Debt	1,360	3,073	2,174	1,257	319	15
Current Portion of Long-Term Debt	1,055	32.82	23	23	23	23
Current Portion of Leases	-	13.1	13.44	2.07	9.26	8.79
Current Income Taxes Payable	31.28	3.33	6.8	12.82	29.16	21.73
Current Unearned Revenue	348.63	217.9	184.72	230.61	407.36	829.19
Other Current Liabilities	230.63	212.52	332.92	232.77	167.2	231.52
Total Current Liabilities	6,194	6,955	5,583	5,329	3,385	3,245
Long-Term Debt	2,665	2,003	1,493	219.63	130	153
Long-Term Leases	10.35	14.8	6.84	4.26	2.92	12.89
Long-Term Unearned Revenue	123.56	109.18	85.83	110.82	161.12	231.11
Long-Term Deferred Tax Liabilities	225.63	223.2	225.53	280.25	271.53	263.95
Total Liabilities	9,219	9,306	7,394	5,944	3,951	3,906

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	2,482	2,482	2,482	2,482	2,304	2,304
Additional Paid-In Capital	5,705	5,646	5,646	5,592	3,925	3,874
Retained Earnings	2,330	2,602	3,537	3,856	3,499	3,176
Treasury Stock	-250.81	-250.81	-	-	-	-
Comprehensive Income & Other	939.59	939.14	941.36	936.56	933.42	933.42
Total Common Equity	11,205	11,417	12,606	12,867	10,661	10,288
Minority Interest	1,300	542.18	529.8	622.85	601.91	590.49
Shareholders' Equity	12,505	11,959	13,136	13,490	11,263	10,878
Total Liabilities & Equity	21,724	21,265	20,530	19,434	15,214	14,784

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	5,091	5,137	3,710	1,506	484.19	212.68
Net Cash (Debt)	-2,097	-409.91	1,490	3,324	2,590	3,444
Net Cash Growth	-	-	-55.18%	28.34%	-24.79%	3.81%
Net Cash Per Share	-0.86	-0.17	0.56	1.42	1.12	1.48
Filing Date Shares Outstanding	2,462	2,462	2,482	2,482	2,304	2,304
Total Common Shares Outstanding	2,462	2,462	2,482	2,482	2,304	2,304
Working Capital	7,726	6,657	8,256	7,901	6,029	6,132
Book Value Per Share	4.55	4.64	5.08	5.18	4.63	4.46
Tangible Book Value	10,112	10,317	11,291	11,498	9,224	8,959
Tangible Book Value Per Share	4.11	4.19	4.55	4.63	4.00	3.89
Buildings	-	2,225	1,305	1,301	1,226	1,153
Machinery	-	1,531	1,231	1,192	1,033	858.88
Construction In Progress	-	998.87	825.25	295.78	114.21	92.99