SHE:002538 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	319.69	315.75	249.63	170.92	1,022	785.88
Short-Term Investments	50.23	498.96	113.41	33.09	189.24	-
Trading Asset Securities	330.31	380.16	400.05	551.05	492.37	668.8
Cash & Short-Term Investments	700.23	1,195	763.09	755.06	1,704	1,455
Cash Growth	-36.34%	56.58%	1.06%	-55.68%	17.12%	-31.32%
Accounts Receivable	84.35	264.25	426.64	81.68	170.66	106.87
Other Receivables	56.96	6.05	36.48	36.06	103.1	63.89
Receivables	141.31	270.3	463.13	117.74	273.76	260.76
Inventory	1,198	1,092	915.93	954.76	815.21	1,369
Other Current Assets	484.95	490.62	360.68	286.01	220.68	200.97
Total Current Assets	2,525	3,048	2,503	2,114	3,013	3,286
Property, Plant & Equipment	1,616	1,531	1,507	1,682	1,808	1,956
Long-Term Investments	543.74	260.09	529.74	799.56	352.31	413.73
Goodwill	308.69	308.69	308.69	308.69	308.69	308.69
Other Intangible Assets	1,264	1,268	1,195	1,222	1,223	1,240
Long-Term Deferred Tax Assets	25.77	20.53	30.25	41.93	32.87	24.21
Long-Term Deferred Charges	114.82	124.25	142.19	154.71	204.04	250.94
Other Long-Term Assets	127.46	75.1	92.54	4.74	0.4	13.02
Total Assets	6,526	6,636	6,309	6,328	6,943	7,492

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	235.65	288.46	202.27	250.9	473.97	607.83
Accrued Expenses	45.79	79.64	86.01	63.8	79.6	61.89
Short-Term Debt	-	-	-	-	100.09	392.32
Current Portion of Long-Term Debt	-	-	-	50.05	160.23	100.36
Current Income Taxes Payable	7.84	27.22	31.82	28.16	20.45	29.46
Current Unearned Revenue	443.56	447.51	293.16	237.17	233.91	335.32
Other Current Liabilities	339.39	351.01	302.34	263.78	182.4	364.04
Total Current Liabilities	1,072	1,194	915.59	893.87	1,251	1,891
Long-Term Debt	-	-	-	-	50	250
Long-Term Unearned Revenue	27.5	21.25	29.38	37.71	45.8	53.58
Long-Term Deferred Tax Liabilities	165.57	170.09	179.17	188.66	197.37	207.11
Other Long-Term Liabilities	22.83	22.83	18.57	-	53.34	51.39
Total Liabilities	1,288	1,408	1,143	1,120	1,597	2,453

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	853.56	853.56	853.56	853.56	853.56	853.56
Additional Paid-In Capital	2,077	2,077	2,077	2,077	2,077	2,077
Retained Earnings	2,306	2,298	2,235	2,275	2,415	2,106
Comprehensive Income & Other	1.5	0.02	0.44	2.01	0.99	1.65
Total Common Equity	5,238	5,228	5,166	5,207	5,346	5,038
Shareholders' Equity	5,238	5,228	5,166	5,207	5,346	5,038
Total Liabilities & Equity	6,526	6,636	6,309	6,328	6,943	7,492

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	-	-	-	50.05	310.33	742.68
Net Cash (Debt)	700.23	1,195	763.09	705.01	1,393	712
Net Cash Growth	-36.34%	56.58%	8.24%	-49.41%	95.71%	-31.05%
Net Cash Per Share	0.83	1.40	0.89	0.83	1.63	0.84
Filing Date Shares Outstanding	853.56	853.56	853.56	853.56	853.56	853.56
Total Common Shares Outstanding	853.56	853.56	853.56	853.56	853.56	853.56
Working Capital	1,452	1,854	1,587	1,220	1,763	1,394
Book Value Per Share	6.14	6.13	6.05	6.10	6.26	5.90
Tangible Book Value	3,664	3,651	3,662	3,676	3,814	3,490
Tangible Book Value Per Share	4.29	4.28	4.29	4.31	4.47	4.09
Buildings	1,880	1,879	1,881	1,958	1,942	1,773
Machinery	1,200	1,208	1,216	1,211	1,241	1,209
Construction In Progress	452.05	297.2	120.06	120.49	103.86	265.85