SHE:002469 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	551.27	598.34	474.14	1,120	1,075	1,373
Short-Term Investments	571.88	365.47	633.66	261.11	180.96	-
Trading Asset Securities	-	-	251.63	100.4	200.21	-
Cash & Short-Term Investments	1,123	963.81	1,359	1,481	1,457	1,373
Cash Growth	26.61%	-29.10%	-8.23%	1.70%	6.05%	-4.85%
Accounts Receivable	721.12	664.78	441.71	531.14	598.72	872.33
Other Receivables	17.31	13.15	14.67	16.86	24.55	13.46
Receivables	738.43	677.92	456.38	548	623.26	885.79
Inventory	345.87	298.75	243.74	200.54	178.56	139.66
Other Current Assets	194.03	119.27	112.73	40.96	140.37	111.21
Total Current Assets	2,401	2,060	2,172	2,271	2,399	2,510
Property, Plant & Equipment	532.44	555.35	544.51	576.93	557.25	583.18
Long-Term Investments	397.55	966.79	767.58	484.17	235.87	1.38
Goodwill	-	-	-	19.25	19.25	19.25
Other Intangible Assets	91.65	94.91	102.42	108.94	107.48	120.23
Long-Term Deferred Tax Assets	20.03	20.3	19.8	19.74	18.59	19.83
Long-Term Deferred Charges	-	-	-	-	-	0.09
Other Long-Term Assets	5.53	3.9	20.08	1.97	9.14	12.82
Total Assets	3,449	3,701	3,627	3,482	3,346	3,267

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	482.2	524.95	307.16	257.99	305.13	278.66
Accrued Expenses	18.1	32.8	55.97	44.45	46.32	57.22
Short-Term Debt	36.1	120.97	150	-	-	-
Current Portion of Leases	16.41	18.67	17.72	17.67	16.69	16.01
Current Income Taxes Payable	5.62	10.67	22.69	17.86	9.87	13
Current Unearned Revenue	122.87	120.36	110.81	158.85	116.12	140.68
Other Current Liabilities	26.14	33.16	20.66	31.64	26.64	53.03
Total Current Liabilities	707.45	861.58	685.01	528.45	520.78	558.59
Long-Term Leases	38.19	43.65	57.05	70.79	81.72	90.4
Long-Term Unearned Revenue	3.91	4.15	-	-	-	-
Long-Term Deferred Tax Liabilities	6.12	6.38	7.55	9.95	12.63	15.06
Other Long-Term Liabilities	7.17	8.03	9.75	11.81	15.1	18.19
Total Liabilities	762.85	923.8	759.36	621.01	630.23	682.24

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	648.86	648.86	648.86	648.86	648.86	648.86
Additional Paid-In Capital	645.72	645.72	645.72	645.72	645.72	645.72
Retained Earnings	1,245	1,339	1,413	1,409	1,289	1,178
Comprehensive Income & Other	19.63	15.77	17.12	14.09	11.44	8.21
Total Common Equity	2,559	2,650	2,724	2,718	2,595	2,480
Minority Interest	126.44	127.39	143.1	142.73	120.58	104.25
Shareholders' Equity	2,686	2,777	2,867	2,861	2,716	2,585
Total Liabilities & Equity	3,449	3,701	3,627	3,482	3,346	3,267

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	90.71	183.29	224.78	88.46	98.41	106.41
Net Cash (Debt)	1,032	780.52	1,135	1,393	1,358	1,267
Net Cash Growth	25.97%	-31.21%	-18.54%	2.56%	7.19%	-12.22%
Net Cash Per Share	1.61	1.21	1.73	2.12	2.08	1.95
Filing Date Shares Outstanding	648.86	648.86	648.86	648.86	648.86	648.86
Total Common Shares Outstanding	648.86	648.86	648.86	648.86	648.86	648.86
Working Capital	1,694	1,198	1,487	1,742	1,878	1,951
Book Value Per Share	3.94	4.08	4.20	4.19	4.00	3.82
Tangible Book Value	2,468	2,555	2,622	2,590	2,469	2,341
Tangible Book Value Per Share	3.80	3.94	4.04	3.99	3.80	3.61
Buildings	337.67	337.54	337.54	337.39	331.88	331.89
Machinery	840.52	840.07	749.71	744.12	633.02	643.33
Construction In Progress	14.58	4.6	37.01	11.04	44.61	5.37