SHE:002531 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	643.63	1,031	998.6	822.64	1,163	738.52
Trading Asset Securities	-	-	100	5.03	14.4	-
Cash & Short-Term Investments	643.63	1,031	1,099	827.67	1,178	738.52
Cash Growth	13.17%	-6.17%	32.73%	-29.72%	59.46%	3.95%
Accounts Receivable	4,676	5,074	4,846	5,443	4,975	4,714
Other Receivables	58.9	55.49	92.9	113.41	83.81	82.5
Receivables	4,735	5,129	4,939	5,557	5,059	4,796
Inventory	2,555	1,998	2,578	2,275	1,244	975.72
Other Current Assets	1,361	972.63	808.7	931.78	711.67	527.02
Total Current Assets	9,295	9,131	9,425	9,591	8,193	7,038
Property, Plant & Equipment	15,103	13,931	11,751	11,074	9,575	7,544
Long-Term Investments	228.25	229.83	375.6	381.6	298.05	427.24
Goodwill	1,905	1,905	1,905	1,905	-	-
Other Intangible Assets	1,095	1,037	1,010	891.61	525.46	373.39
Long-Term Accounts Receivable	-	-	-	-	-	50.91
Long-Term Deferred Tax Assets	569.81	525.71	307.99	207.4	152.32	111.26
Long-Term Deferred Charges	128.51	153.89	184.83	232.51	172.13	118.54
Other Long-Term Assets	85.63	162.89	137.05	26.97	966.93	37.45
Total Assets	28,411	27,076	25,097	24,311	19,883	15,700

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	2,438	2,946	2,754	3,952	2,693	1,634
Accrued Expenses	70.02	77.23	42.63	65.56	130.08	116.02
Short-Term Debt	3,198	2,441	2,107	1,815	2,695	2,117
Current Portion of Long-Term Debt	1,601	2,495	1,943	1,456	962.65	305.87
Current Portion of Leases	143.17	73.82	108.65	146.25	61.16	221.44
Current Income Taxes Payable	35.97	54.55	10.59	29.31	51.54	54.08
Current Unearned Revenue	660.73	578.71	644.04	389.88	129.15	201.36
Other Current Liabilities	212.54	186.44	175.14	107.3	37.7	63.34
Total Current Liabilities	8,359	8,853	7,785	7,961	6,760	4,714
Long-Term Debt	9,047	7,625	6,505	6,509	3,925	2,160
Long-Term Leases	986.4	763.89	716.85	829.6	857.38	942.48
Long-Term Unearned Revenue	8.52	9.04	9.54	9.68	9.42	1.53
Long-Term Deferred Tax Liabilities	32.08	32.38	58.63	67.8	17.58	32.92
Total Liabilities	18,433	17,283	15,076	15,377	11,569	7,850

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	1,797	1,797	1,797	1,797	1,803	1,803
Additional Paid-In Capital	1,510	-	-	1,493	1,674	1,682
Retained Earnings	5,510	5,394	5,666	5,596	4,801	4,317
Treasury Stock	-	-	-	-	-26.66	-26.66
Comprehensive Income & Other	-14.49	1,464	1,462	-0.16	1.19	1.91
Total Common Equity	8,803	8,655	8,924	8,886	8,252	7,776
Minority Interest	1,175	1,137	1,097	47.8	61.05	73.66
Shareholders' Equity	9,978	9,792	10,021	8,933	8,313	7,850
Total Liabilities & Equity	28,411	27,076	25,097	24,311	19,883	15,700

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	14,975	13,399	11,381	10,756	8,501	5,747
Net Cash (Debt)	-14,332	-12,368	-10,282	-9,928	-7,323	-5,008
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-7.97	-6.88	-5.72	-5.49	-4.08	-2.79
Filing Date Shares Outstanding	1,797	1,797	1,797	1,797	1,797	1,797
Total Common Shares Outstanding	1,797	1,797	1,797	1,797	1,797	1,797
Working Capital	936.13	278.09	1,639	1,630	1,432	2,324
Book Value Per Share	4.90	4.82	4.97	4.94	4.59	4.33
Tangible Book Value	5,802	5,713	6,009	6,088	7,727	7,403
Tangible Book Value Per Share	3.23	3.18	3.34	3.39	4.30	4.12
Buildings	3,653	3,341	3,305	2,761	1,832	1,356
Machinery	12,084	11,061	10,982	9,514	7,174	5,069
Construction In Progress	3,561	3,391	517.76	1,148	2,397	908.97