SHE:002496 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	59.06	21.33	28.51	72.97	57.97	155.67
Trading Asset Securities	0.1	0.1	-	-	-	2
Cash & Short-Term Investments	59.16	21.43	28.51	72.97	57.97	157.67
Cash Growth	36.65%	-24.84%	-60.93%	25.88%	-63.23%	-63.26%
Accounts Receivable	42.29	79.74	87.49	56.85	111.66	143.39
Other Receivables	294.52	59.45	100.4	92.08	224.4	285.53
Receivables	336.82	139.2	187.89	148.93	336.06	428.91
Inventory	74.06	68.68	57.48	98.78	83.04	128.03
Prepaid Expenses	-	-	2.18	-	-	-
Other Current Assets	45.45	45.86	51.55	63.11	65.55	53.37
Total Current Assets	515.49	275.16	327.61	383.8	542.62	767.97
Property, Plant & Equipment	314.13	323.56	392.1	480.79	507.53	583.93
Long-Term Investments	1,233	1,303	1,438	1,705	1,953	2,082
Goodwill	12.84	12.84	-	-	-	-
Other Intangible Assets	62.1	64.44	68.76	111.35	113.81	124.85
Long-Term Deferred Tax Assets	17.56	18.79	18.85	35.42	114.18	130.32
Long-Term Deferred Charges	17.54	17.27	25.79	18.56	29.14	28.89
Other Long-Term Assets	2.72	2.72	2.93	14.48	8.48	45.86
Total Assets	2,176	2,018	2,274	2,749	3,269	3,764

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	74.5	59.04	123.65	216.36	313.19	357.15
Accrued Expenses	73.51	72.7	130.03	103.25	115.74	103.15
Short-Term Debt	311.81	327.69	348.1	559.16	486.63	612.34
Current Portion of Long-Term Debt	3.04	3.05	3	3	3	-
Current Portion of Leases	1.19	1.16	0.93	0.88	0.84	-
Current Income Taxes Payable	66.54	66.53	71.44	71.45	78.58	72.11
Current Unearned Revenue	29.03	32.98	38.19	38.76	44.92	40.99
Other Current Liabilities	196.86	231.79	144.7	8.21	17.74	18.41
Total Current Liabilities	756.48	794.94	860.05	1,001	1,061	1,204
Long-Term Debt	43.06	44.6	36.06	39.06	42.07	-
Long-Term Leases	1.11	1.71	1.84	2.78	3.66	-
Long-Term Unearned Revenue	15.8	11.92	12.72	25.21	26.47	29.51
Long-Term Deferred Tax Liabilities	17.83	8.43	19.33	20.14	86.1	88.44
Other Long-Term Liabilities	76.35	76.13	72.09	242.89	201.14	221.28
Total Liabilities	910.63	937.73	1,002	1,331	1,420	1,543

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	1,508	1,508	1,508	1,508	1,508	1,508
Additional Paid-In Capital	876.84	709.66	709.66	709.66	712.81	712.81
Retained Earnings	-1,077	-1,096	-881.76	-726.67	-259.34	195.61
Comprehensive Income & Other	-7.28	-7.22	-7.11	-4.21	-2.4	-4.13
Total Common Equity	1,300	1,114	1,328	1,486	1,959	2,412
Minority Interest	-34.57	-33.32	-56.17	-68.07	-109.79	-191.24
Shareholders' Equity	1,265	1,081	1,272	1,418	1,849	2,221
Total Liabilities & Equity	2,176	2,018	2,274	2,749	3,269	3,764

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	360.21	378.21	389.94	604.89	536.19	612.34
Net Cash (Debt)	-301.05	-356.78	-361.43	-531.91	-478.22	-454.67
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.20	-0.24	-0.23	-0.35	-0.32	-0.30
Filing Date Shares Outstanding	1,508	1,508	1,508	1,508	1,508	1,508
Total Common Shares Outstanding	1,508	1,508	1,508	1,508	1,508	1,508
Working Capital	-240.99	-519.78	-532.44	-617.28	-518.02	-436.17
Book Value Per Share	0.86	0.74	0.88	0.99	1.30	1.60
Tangible Book Value	1,225	1,037	1,260	1,375	1,845	2,287
Tangible Book Value Per Share	0.81	0.69	0.84	0.91	1.22	1.52
Buildings	449.85	451.31	545.48	597.58	614.93	689.81
Machinery	169.41	142.22	172.78	248.62	239.48	237.54
Construction In Progress	6.03	4.78	0.65	11.31	8.67	8.79