SHE:002550 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	354.96	491.05	439.95	576.23	409.26	617.81
Short-Term Investments	84.61	76.2	192.9	64.95	-	-
Trading Asset Securities	787.46	594.02	273.83	71.98	67.48	68.23
Cash & Short-Term Investments	1,227	1,161	906.67	713.16	476.73	686.03
Cash Growth	20.44%	28.08%	27.13%	49.59%	-30.51%	-8.58%
Accounts Receivable	265.84	299.1	274.25	275.52	632.87	447.67
Other Receivables	18.39	18.94	23.24	16.9	2.48	2.56
Receivables	284.24	318.04	297.48	292.42	635.35	450.23
Inventory	405.19	372.44	426.81	602.01	536.48	400.63
Prepaid Expenses	-	-	-	-	-	0.01
Other Current Assets	82.37	56.67	62.73	18.39	38.72	33.04
Total Current Assets	1,999	1,908	1,694	1,626	1,687	1,570
Property, Plant & Equipment	693.27	681.93	563.6	561.27	616.39	611.77
Long-Term Investments	50.88	134.16	160.08	203.22	156.78	40.56
Goodwill	11.14	11.14	11.14	11.14	11.14	11.14
Other Intangible Assets	105.57	107.21	109.32	113.14	100.86	106.92
Long-Term Deferred Tax Assets	69.82	66.52	75.26	90.53	101.49	99.42
Long-Term Deferred Charges	192.39	173.03	138.04	93.77	60.33	46.85
Other Long-Term Assets	6.47	4.47	15.3	3.05	71.67	21.81
Total Assets	3,128	3,087	2,830	2,766	2,806	2,508

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	84.35	77.51	88.64	41.18	45.97	71.23
Accrued Expenses	158.28	125.6	88.06	89.7	101.94	99.55
Short-Term Debt	30.95	0.27	21.49	56.31	103.05	93.56
Current Income Taxes Payable	9.64	0.44	1.53	0.64	0.05	-
Current Unearned Revenue	3.3	7.64	9.68	9.71	15.58	19.67
Other Current Liabilities	12.79	12.75	14	8.28	11.63	12.34
Total Current Liabilities	299.3	224.21	223.39	205.81	278.22	296.35
Long-Term Leases	3.12	3.07	-	-	-	-
Long-Term Unearned Revenue	94.61	88.58	86.46	81.85	89.35	93.42
Long-Term Deferred Tax Liabilities	4.69	4.78	4.02	4.52	4.96	0.47
Total Liabilities	401.72	320.64	313.87	292.17	372.53	390.24

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	1,280	1,280	1,280	1,280	1,280	1,280
Additional Paid-In Capital	34.37	41.42	41.65	41.65	36.29	29.38
Retained Earnings	1,582	1,618	1,369	1,163	1,134	960.89
Treasury Stock	-156.88	-170.86	-170.86	-30.09	-	-145.05
Comprehensive Income & Other	-0.69	-0.55	-2.42	0.36	-0.06	2.23
Total Common Equity	2,738	2,768	2,517	2,455	2,450	2,127
Minority Interest	-11.62	-1.68	-0.87	18.98	-16.95	-9.09
Shareholders' Equity	2,727	2,766	2,517	2,474	2,433	2,118
Total Liabilities & Equity	3,128	3,087	2,830	2,766	2,806	2,508

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	34.07	3.34	21.49	56.31	103.05	93.56
Net Cash (Debt)	1,193	1,158	885.19	656.85	373.69	592.48
Net Cash Growth	19.41%	30.81%	34.76%	75.78%	-36.93%	-16.38%
Net Cash Per Share	0.95	0.93	0.70	0.51	0.29	0.49
Filing Date Shares Outstanding	1,261	1,250	1,250	1,275	1,280	1,280
Total Common Shares Outstanding	1,261	1,250	1,250	1,275	1,280	1,280
Working Capital	1,700	1,684	1,470	1,420	1,409	1,274
Book Value Per Share	2.17	2.21	2.01	1.93	1.91	1.66
Tangible Book Value	2,622	2,650	2,397	2,331	2,338	2,009
Tangible Book Value Per Share	2.08	2.12	1.92	1.83	1.83	1.57
Buildings	568.25	568.23	498.75	498.75	525.73	524.28
Machinery	628.88	624.66	568.44	558.3	504.84	461.29
Construction In Progress	150.32	110.39	61.25	8.19	54.1	39.24