SHE:002654 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	303.89	354.41	403.17	363.48	495.05	619.82
Trading Asset Securities	68.07	46.53	50.4	9.53	49.74	50.95
Cash & Short-Term Investments	371.96	400.94	453.57	373	544.79	670.77
Cash Growth	-8.39%	-11.60%	21.60%	-31.53%	-18.78%	-12.84%
Accounts Receivable	1,955	2,284	2,231	1,608	2,232	1,812
Other Receivables	32.13	9.77	28.34	23.93	57.12	58.11
Receivables	1,987	2,293	2,259	1,632	2,289	1,870
Inventory	392.23	252.75	291.28	201.9	125.83	172.81
Other Current Assets	284.46	229.57	221.74	231.72	257.1	341.78
Total Current Assets	3,035	3,177	3,226	2,439	3,217	3,056
Property, Plant & Equipment	814.45	827.45	890.31	903.69	454.92	451.77
Long-Term Investments	8.93	8.96	8.93	-	2	2
Goodwill	64.95	64.95	68.78	68.78	130.36	192.23
Other Intangible Assets	254.63	260.11	232.18	225.95	144.44	157.97
Long-Term Accounts Receivable	-	18.45	2.58	45.52	0.04	15.64
Long-Term Deferred Tax Assets	220.63	208.41	183.13	150.52	139.24	98.6
Long-Term Deferred Charges	78.96	80.77	72.5	37.42	8.65	5.65
Other Long-Term Assets	108.27	110.85	109.32	139.75	143.74	172.91
Total Assets	4,586	4,757	4,793	4,010	4,240	4,153

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	896.29	1,085	1,100	812.62	1,410	730.55
Accrued Expenses	41.92	77.06	82.61	75.48	55.44	77.43
Short-Term Debt	1,070	848	951.95	519.85	514.77	565.5
Current Portion of Long-Term Debt	89.46	125.52	54.54	5.88	229.21	97.48
Current Portion of Leases	-	90.11	85.55	117.02	34.01	56.41
Current Income Taxes Payable	14.58	8.65	9.95	17.44	2.93	15.35
Current Unearned Revenue	45.83	66.2	49.05	83.09	115.99	83.94
Other Current Liabilities	376.63	388.29	313.91	222.97	167.22	341.57
Total Current Liabilities	2,535	2,689	2,648	1,854	2,529	1,968
Long-Term Debt	25.54	21.41	35.39	59.44	21.91	251.11
Long-Term Leases	5.45	386.5	474.91	534.7	22.81	62.32
Long-Term Unearned Revenue	21.64	21.86	22.39	23.43	25.56	31.74
Long-Term Deferred Tax Liabilities	25.85	19.5	19.06	14.14	19.44	16.12
Other Long-Term Liabilities	346.09	0.01	0.02	0.04	0.24	0.67
Total Liabilities	2,959	3,138	3,199	2,486	2,619	2,330

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	845.3	845.3	845.3	845.3	855.13	855.13
Additional Paid-In Capital	559.36	559.36	1,655	1,650	1,709	1,709
Retained Earnings	179.77	164.82	-963.23	-1,026	-1,072	-900.31
Comprehensive Income & Other	-0.11	-0.11	-0.11	-4.27	-4.27	-4.32
Total Common Equity	1,584	1,569	1,537	1,465	1,489	1,660
Minority Interest	42.64	49.1	56.77	59.03	132.13	162.44
Shareholders' Equity	1,627	1,618	1,594	1,524	1,621	1,822
Total Liabilities & Equity	4,586	4,757	4,793	4,010	4,240	4,153

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	1,190	1,472	1,602	1,237	822.71	1,033
Net Cash (Debt)	-818.48	-1,071	-1,149	-863.88	-277.92	-362.06
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.03	-1.33	-1.28	-0.95	-0.33	-0.42
Filing Date Shares Outstanding	669.3	845.3	845.3	845.3	855.13	855.13
Total Common Shares Outstanding	669.3	845.3	845.3	845.3	855.13	855.13
Working Capital	500.7	487.79	578.07	584.18	687.26	1,088
Book Value Per Share	2.37	1.86	1.82	1.73	1.74	1.94
Tangible Book Value	1,265	1,244	1,236	1,170	1,214	1,310
Tangible Book Value Per Share	1.89	1.47	1.46	1.38	1.42	1.53
Buildings	-	557.23	549.49	521.55	425.05	367.68
Machinery	-	1,456	1,434	1,421	452.9	455.65
Construction In Progress	-	11.33	40.73	10.68	-	-