SHE:002596 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	44.86	61.14	85.47	72.24	115.61	198.05
Trading Asset Securities	-	2.57	-	-	-	-
Cash & Short-Term Investments	44.86	63.71	85.47	72.24	115.61	198.05
Cash Growth	-30.09%	-25.46%	18.31%	-37.51%	-41.62%	-57.82%
Accounts Receivable	1,950	1,995	2,242	2,471	2,468	2,841
Other Receivables	85.23	94.99	107.72	179.23	305.19	245.64
Receivables	2,035	2,090	2,350	2,651	2,773	3,087
Inventory	18.55	17.39	23.38	63.01	93.23	258.01
Other Current Assets	99.01	88.24	107.35	88.91	87.31	121.25
Total Current Assets	2,198	2,260	2,566	2,875	3,069	3,664
Property, Plant & Equipment	172.25	181.55	217.16	257.13	320.99	511.84
Long-Term Investments	178.37	192.96	196.4	160.08	155.89	112.5
Goodwill	0.22	0.22	0.22	0.22	231.94	391.69
Other Intangible Assets	144.8	160.51	199.36	242.1	283.38	451.43
Long-Term Accounts Receivable	-	-	-	-	1.55	3.81
Long-Term Deferred Tax Assets	84.3	83.19	73.32	102.22	99.97	85.71
Long-Term Deferred Charges	26.81	25.86	34.45	71.2	93.84	119.53
Other Long-Term Assets	185.9	167.21	149.49	236.92	298.24	224.79
Total Assets	2,990	3,071	3,437	3,945	4,555	5,565

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	949.48	961.41	1,038	1,168	1,082	1,303
Accrued Expenses	25.56	126.15	147.32	167.96	162.52	73.36
Short-Term Debt	138.28	142.68	107.27	109.34	84.9	8
Current Portion of Long-Term Debt	126.82	509.86	74.77	86.52	179.8	345.65
Current Portion of Leases	-	7.84	7.77	14.82	25.97	100.91
Current Income Taxes Payable	40.01	9.97	14.52	20.06	23.57	34.62
Current Unearned Revenue	18.32	17.82	31.86	22.86	18.01	27.08
Other Current Liabilities	264.71	178.95	164.87	149.28	269.52	228.69
Total Current Liabilities	1,563	1,955	1,587	1,739	1,846	2,121
Long-Term Debt	963.62	589.39	1,093	1,185	1,148	1,205
Long-Term Leases	21.32	27.31	31	33.76	52.07	129.78
Long-Term Unearned Revenue	-	-	-	0.09	0.09	11.58
Long-Term Deferred Tax Liabilities	5.01	5.18	5.4	8.3	13.86	41.34
Other Long-Term Liabilities	9.18	9.16	8.92	9.93	9.57	9.21
Total Liabilities	2,562	2,586	2,724	2,976	3,069	3,518

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	1,148	1,148	1,148	1,148	1,148	1,148
Additional Paid-In Capital	1,607	1,607	1,607	1,607	1,608	1,609
Retained Earnings	-2,277	-2,220	-2,005	-1,755	-1,248	-754.43
Comprehensive Income & Other	-	-	-	-8.59	-8.59	-8.59
Total Common Equity	477.69	534.73	749.46	990.99	1,500	1,993
Minority Interest	-49.8	-49.37	-37.23	-22.31	-13.56	54.34
Shareholders' Equity	427.89	485.36	712.23	968.68	1,486	2,047
Total Liabilities & Equity	2,990	3,071	3,437	3,945	4,555	5,565

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	1,250	1,277	1,313	1,430	1,490	1,789
Net Cash (Debt)	-1,205	-1,213	-1,228	-1,357	-1,375	-1,591
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.07	-1.07	-1.07	-1.18	-1.20	-1.38
Filing Date Shares Outstanding	1,143	1,148	1,148	1,148	1,148	1,148
Total Common Shares Outstanding	1,143	1,148	1,148	1,148	1,148	1,148
Working Capital	634.37	304.89	979.7	1,136	1,223	1,543
Book Value Per Share	0.42	0.47	0.65	0.86	1.31	1.74
Tangible Book Value	332.67	373.99	549.88	748.67	984.24	1,150
Tangible Book Value Per Share	0.29	0.33	0.48	0.65	0.86	1.00
Buildings	-	231.96	242.04	247.85	249.45	358.55
Machinery	-	290.83	316.48	345.63	391.56	760.91
Construction In Progress	-	0.35	1.46	-	0.49	34.44