SHE:002586 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	1,240	1,260	1,301	686.5	680.31	303.17
Trading Asset Securities	1.65	-	1.21	-	-	-
Cash & Short-Term Investments	1,242	1,260	1,302	686.5	680.31	303.17
Cash Growth	-6.84%	-3.21%	89.65%	0.91%	124.40%	-21.45%
Accounts Receivable	1,443	1,543	1,915	1,935	2,216	2,917
Other Receivables	364.3	1,231	1,169	1,307	1,034	915.24
Receivables	1,807	2,774	3,085	3,242	3,250	3,832
Inventory	14.45	6.18	90.62	39.11	49.64	36.53
Prepaid Expenses	-	-	-	-	0.12	-
Other Current Assets	740.62	43	41.97	48.04	145.14	144.06
Total Current Assets	3,805	4,083	4,519	4,016	4,125	4,316
Property, Plant & Equipment	177.84	181.94	225.07	292.96	310.38	325.15
Long-Term Investments	58.05	158.39	164.16	238.46	325.17	309.4
Goodwill	-	-	-	7.05	7.05	251.72
Other Intangible Assets	2.36	2.54	3.05	41.24	49.25	58.37
Long-Term Deferred Tax Assets	177.32	171.86	183.01	157.91	134.86	142.82
Long-Term Deferred Charges	0.99	1.01	3.56	2.37	2.94	3.34
Other Long-Term Assets	1,901	1,798	2,477	2,929	3,287	3,474
Total Assets	6,122	6,397	7,576	7,685	8,242	8,881

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	1,543	1,807	2,094	1,963	2,069	2,069
Accrued Expenses	7.39	205.1	312.95	321.16	325.81	404.64
Short-Term Debt	22.93	30.01	581.78	646.7	675.95	1,183
Current Portion of Long-Term Debt	28	44.16	56.5	72.03	124.69	237.82
Current Portion of Leases	-	-	0.13	1.04	-	-
Current Income Taxes Payable	195.37	22.56	46.48	121.55	124.71	95.78
Current Unearned Revenue	196.82	105.11	222.65	193.07	159.38	84.26
Other Current Liabilities	784.33	721.71	1,033	930.88	1,085	723.41
Total Current Liabilities	2,778	2,935	4,347	4,250	4,564	4,798
Long-Term Debt	157.75	209.74	265.28	303.57	341.65	341.65
Long-Term Leases	-	-	0.21	3.1	0.33	1.27
Long-Term Unearned Revenue	0.21	0.36	-	-	-	-
Long-Term Deferred Tax Liabilities	1.01	1.01	2.72	3.6	3.57	1.7
Other Long-Term Liabilities	32.56	55.73	17.01	17.01	19.99	18.62
Total Liabilities	2,970	3,202	4,632	4,577	4,930	5,161

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	1,144	1,144	1,144	1,144	1,144	1,144
Additional Paid-In Capital	4,259	4,259	4,259	4,259	4,259	3,315
Retained Earnings	-2,281	-2,289	-2,562	-2,411	-2,267	-943.1
Comprehensive Income & Other	64.56	101.05	91.62	74.61	73.98	61.07
Total Common Equity	3,186	3,215	2,932	3,066	3,210	3,577
Minority Interest	-33.47	-19.98	11.19	41.36	101.74	142.73
Shareholders' Equity	3,153	3,195	2,943	3,108	3,312	3,720
Total Liabilities & Equity	6,122	6,397	7,576	7,685	8,242	8,881

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	208.68	283.91	903.89	1,026	1,143	1,764
Net Cash (Debt)	1,033	976.27	398.06	-339.94	-462.3	-1,460
Net Cash Growth	40.44%	145.26%	-	-	-	-
Net Cash Per Share	0.90	0.85	0.35	-0.30	-0.40	-1.27
Filing Date Shares Outstanding	1,151	1,144	1,144	1,144	1,144	1,144
Total Common Shares Outstanding	1,151	1,144	1,144	1,144	1,144	1,144
Working Capital	1,026	1,148	172.43	-233.66	-439.44	-481.76
Book Value Per Share	2.77	2.81	2.56	2.68	2.81	3.13
Tangible Book Value	3,184	3,213	2,929	3,018	3,154	3,267
Tangible Book Value Per Share	2.77	2.81	2.56	2.64	2.76	2.86
Buildings	-	239.83	344.35	389.19	387.81	386.03
Machinery	-	78.03	110.06	109.35	52.64	112.72
Construction In Progress	-	-	0.32	-	0.98	-