SHE:002554 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	876.49	909	1,288	997.78	752.77	639.9
Cash & Short-Term Investments	876.49	909	1,288	997.78	752.77	639.9
Cash Growth	2.31%	-29.42%	29.08%	32.55%	17.64%	-28.04%
Accounts Receivable	1,380	1,541	1,390	1,395	1,352	907.82
Other Receivables	372.97	377.3	230.47	77.51	87.87	184.72
Receivables	1,753	1,918	1,620	1,473	1,440	1,093
Inventory	364.2	347.31	411.95	442.49	458.5	221.92
Prepaid Expenses	-	-	-	-	-	0.12
Other Current Assets	688.44	376.61	565.12	491.83	510.5	273.22
Total Current Assets	3,682	3,551	3,885	3,405	3,161	2,228
Property, Plant & Equipment	529.77	535.01	542.25	556	545.32	546.09
Long-Term Investments	356.11	362.16	563.86	771.89	780.17	532.71
Goodwill	1.74	1.74	1.89	26.63	33.99	33.84
Other Intangible Assets	176.39	180.65	214.15	223.62	232.48	241.92
Long-Term Accounts Receivable	-	90.65	160.02	21.32	-	-
Long-Term Deferred Tax Assets	194.58	173.56	128.75	118.45	114.56	113.3
Long-Term Deferred Charges	53.85	33.81	32.33	1.39	12.19	0.24
Other Long-Term Assets	608.6	528.14	122.76	129.36	130.08	131.33
Total Assets	5,603	5,457	5,651	5,253	5,010	3,827

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	641.06	757.25	889.19	814.61	538.1	365.62
Accrued Expenses	21.87	71.41	76.92	71.7	81.62	67.91
Short-Term Debt	650.19	693.72	628.13	691.05	585.96	341.17
Current Portion of Long-Term Debt	499.62	439.58	642.04	269.28	355	111.4
Current Portion of Leases	-	6.61	3.45	4.07	1.86	3.83
Current Income Taxes Payable	40.1	2.04	4.78	2.41	4.84	4.02
Current Unearned Revenue	260.7	170.98	117.4	176.57	295.49	169.2
Other Current Liabilities	114.84	80.22	60.06	55.79	74.66	62.36
Total Current Liabilities	2,228	2,222	2,422	2,085	1,938	1,126
Long-Term Debt	1,409	1,163	842.49	543.81	449.03	237.8
Long-Term Leases	52.24	52.04	10.74	12.16	13.4	12.55
Long-Term Unearned Revenue	36.68	40.44	16.45	18.94	14.81	16.74
Long-Term Deferred Tax Liabilities	13.87	13.1	1.95	2.93	3.68	2.21
Other Long-Term Liabilities	6.46	6.92	12.62	1.98	42.21	53.59
Total Liabilities	3,747	3,497	3,306	2,665	2,461	1,448

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	1,334	1,334	1,334	1,347	1,347	1,347
Additional Paid-In Capital	801.95	800.18	800.26	809.65	814.87	820.22
Retained Earnings	-220.3	-114.13	256.23	393.13	304.83	155.04
Comprehensive Income & Other	-73.89	-79.31	-72.62	-18.67	15.19	-6.73
Total Common Equity	1,841	1,940	2,318	2,531	2,482	2,315
Minority Interest	14.57	19.68	27.24	57.05	67.85	63.34
Shareholders' Equity	1,856	1,960	2,345	2,588	2,550	2,379
Total Liabilities & Equity	5,603	5,457	5,651	5,253	5,010	3,827

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	2,611	2,355	2,127	1,520	1,405	706.76
Net Cash (Debt)	-1,735	-1,446	-838.92	-522.6	-652.48	-66.86
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.39	-1.09	-0.61	-0.40	-0.49	-0.05
Filing Date Shares Outstanding	1,297	1,334	1,334	1,345	1,347	1,347
Total Common Shares Outstanding	1,297	1,334	1,334	1,345	1,347	1,347
Working Capital	1,453	1,330	1,463	1,319	1,224	1,102
Book Value Per Share	1.42	1.45	1.74	1.88	1.84	1.72
Tangible Book Value	1,663	1,758	2,102	2,281	2,215	2,040
Tangible Book Value Per Share	1.28	1.32	1.58	1.70	1.64	1.51
Buildings	-	248.1	249.59	249.61	248.88	248.62
Machinery	-	523.73	551.89	568.88	483.59	475.22
Construction In Progress	-	72.1	72.86	39.74	82.45	54.69
Order Backlog	-	6,025	-	-	-	-