SHE:002472 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	2,679	2,490	1,407	993.06	1,605	463.09
Trading Asset Securities	650.75	221.19	-	-	-	-
Cash & Short-Term Investments	3,330	2,712	1,407	993.06	1,605	463.09
Cash Growth	26.95%	92.67%	41.72%	-38.13%	246.60%	15.93%
Accounts Receivable	3,438	3,207	2,982	2,371	2,010	1,572
Other Receivables	105.9	72.85	246.81	9.24	12.88	2.24
Receivables	3,544	3,280	3,229	2,380	2,023	1,574
Inventory	2,413	2,226	2,031	1,824	1,823	1,531
Prepaid Expenses	-	-	0.06	-	-	-
Other Current Assets	177.67	222.96	135.88	126	194.89	193.03
Total Current Assets	9,465	8,440	6,803	5,324	5,646	3,761
Property, Plant & Equipment	9,971	9,433	8,345	7,171	6,576	5,557
Long-Term Investments	248.64	237.74	87.46	83.26	81.66	165.16
Goodwill	60.22	60.22	60.63	69.48	61.85	-
Other Intangible Assets	506.6	515.58	499.24	452.68	415.63	259.4
Long-Term Accounts Receivable	1.72	1.72	1.72	-	-	-
Long-Term Deferred Tax Assets	30.82	26.73	20.58	18.38	86.55	62.68
Long-Term Deferred Charges	36.6	41.31	41.58	52.42	26.55	16.65
Other Long-Term Assets	8.53	5.48	7.21	0.11	0.81	1.51
Total Assets	20,329	18,763	15,867	13,171	12,895	9,823

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	3,460	3,039	2,626	2,028	1,881	1,480
Accrued Expenses	235.54	338.39	338.32	291.89	230.09	182.37
Short-Term Debt	3,734	3,122	1,990	916.75	1,068	1,925
Current Portion of Long-Term Debt	353.73	573.86	179.11	340.38	439.61	327.42
Current Portion of Leases	20.8	18.23	16.2	16.81	34.51	19.43
Current Income Taxes Payable	56.7	100.9	59.96	48.47	5.64	4.74
Current Unearned Revenue	36.09	35.82	31.5	43.57	26.48	20.49
Other Current Liabilities	374.45	124	319.75	99.02	157.22	19.36
Total Current Liabilities	8,271	7,353	5,561	3,785	3,843	3,979
Long-Term Debt	431.33	273.99	529.23	575.66	1,143	523.52
Long-Term Leases	9.99	12.71	25.08	38.1	24.3	11.57
Long-Term Unearned Revenue	572.38	471.03	385.93	344.67	254.47	222.66
Long-Term Deferred Tax Liabilities	124.76	142.17	127.45	90.18	146.81	93.99
Total Liabilities	9,410	8,253	6,628	4,833	5,411	4,831

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	850	849.77	847.45	853.33	850.4	777.69
Additional Paid-In Capital	4,478	4,419	4,451	4,597	4,355	2,487
Retained Earnings	5,085	4,736	3,817	2,893	2,144	1,609
Treasury Stock	-	-	-299.96	-379.96	-	-
Comprehensive Income & Other	-21.22	12.3	-0.33	-0.41	-0.04	0.14
Total Common Equity	10,392	10,018	8,815	7,964	7,350	4,874
Minority Interest	527.53	492.3	423.63	374.2	134.19	118.59
Shareholders' Equity	10,920	10,510	9,238	8,338	7,484	4,993
Total Liabilities & Equity	20,329	18,763	15,867	13,171	12,895	9,823

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	4,549	4,001	2,739	1,888	2,709	2,807
Net Cash (Debt)	-1,220	-1,290	-1,332	-894.64	-1,104	-2,344
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.45	-1.53	-1.59	-1.06	-1.39	-3.30
Filing Date Shares Outstanding	850	849.77	837.19	835.71	850.4	777.69
Total Common Shares Outstanding	850	849.77	837.06	842.94	850.4	777.69
Working Capital	1,194	1,088	1,243	1,539	1,804	-217.8
Book Value Per Share	12.23	11.79	10.53	9.45	8.64	6.27
Tangible Book Value	9,825	9,442	8,255	7,441	6,872	4,615
Tangible Book Value Per Share	11.56	11.11	9.86	8.83	8.08	5.93
Buildings	1,938	1,941	1,569	1,229	1,199	1,168
Machinery	10,153	9,795	8,431	7,185	6,532	5,322
Construction In Progress	2,823	2,182	2,060	1,838	1,410	1,122