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	Sep '26 Sep 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	259.45	315.75	249.63	170.92	1,022	785.88
Short-Term Investments	50.38	498.96	113.41	33.09	189.24	-
Trading Asset Securities	230.4	380.16	400.05	551.05	492.37	668.8
Cash & Short-Term Investments	540.23	1,195	763.09	755.06	1,704	1,455
Cash Growth	-46.41%	56.58%	1.06%	-55.68%	17.12%	-31.32%
Accounts Receivable	78.67	264.25	426.64	81.68	170.66	106.87
Other Receivables	5.78	6.05	36.48	36.06	103.1	63.89
Receivables	84.44	270.3	463.13	117.74	273.76	260.76
Inventory	1,441	1,092	915.93	954.76	815.21	1,369
Other Current Assets	518.77	490.62	360.68	286.01	220.68	200.97
Total Current Assets	2,584	3,048	2,503	2,114	3,013	3,286
Property, Plant & Equipment	1,701	1,531	1,507	1,682	1,808	1,956
Long-Term Investments	-	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	1,263	1,268	1,195	1,222	1,223	1,240
Long-Term Deferred Tax Assets	33.29	20.53	30.25	41.93	32.87	24.21
Long-Term Deferred Charges	110.29	124.25	142.19	154.71	204.04	250.94
Other Long-Term Assets	354.82	75.1	92.54	4.74	0.4	13.02
Total Assets	6,355	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	Sep '26 Sep 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	249.4	288.46	202.27	250.9	473.97	607.83
Accrued Expenses	22.69	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	18.73	27.22	31.82	28.16	20.45	29.46
Current Unearned Revenue	326.5	447.51	293.16	237.17	233.91	335.32
Other Current Liabilities	262.75	351.01	302.34	263.78	182.4	364.04
Total Current Liabilities	880.07	1,194	915.59	893.87	1,251	1,891
Long-Term Debt	-	-	-	-	50	250
Long-Term Unearned Revenue	26.15	21.25	29.38	37.71	45.8	53.58
Long-Term Deferred Tax Liabilities	163.37	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	1,092	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	Sep '26 Sep 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	2,331	2,298	2,235	2,275	2,415	2,106
Comprehensive Income & Other	1.24	0.02	0.44	2.01	0.99	1.65
Total Common Equity	5,263	5,228	5,166	5,207	5,346	5,038
Shareholders' Equity	5,263	5,228	5,166	5,207	5,346	5,038
Total Liabilities & Equity	6,355	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	Sep '26 Sep 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)	540.23	1,195	763.09	705.01	1,393	712
Net Cash Growth	-46.41%	56.58%	8.24%	-49.41%	95.71%	-31.05%
Net Cash Per Share	0.63	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	1,704	1,854	1,587	1,220	1,763	1,394
Book Value Per Share	6.17	6.13	6.05	6.10	6.26	5.90
Tangible Book Value	3,691	3,651	3,662	3,676	3,814	3,490
Tangible Book Value Per Share	4.32	4.28	4.29	4.31	4.47	4.09
Buildings	-	1,879	1,881	1,958	1,942	1,773
Machinery	-	1,208	1,216	1,211	1,241	1,209
Construction In Progress	-	297.2	120.06	120.49	103.86	265.85