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	Sep '26 Sep 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	205.44	354.41	403.17	363.48	495.05	619.82
Trading Asset Securities	41.72	46.53	50.4	9.53	49.74	50.95
Cash & Short-Term Investments	247.15	400.94	453.57	373	544.79	670.77
Cash Growth	-47.08%	-11.60%	21.60%	-31.53%	-18.78%	-12.84%
Accounts Receivable	1,947	2,284	2,231	1,608	2,232	1,812
Other Receivables	33.38	9.77	28.34	23.93	57.12	58.11
Receivables	1,981	2,293	2,259	1,632	2,289	1,870
Inventory	364.54	252.75	291.28	201.9	125.83	172.81
Other Current Assets	229.26	229.57	221.74	231.72	257.1	341.78
Total Current Assets	2,822	3,177	3,226	2,439	3,217	3,056
Property, Plant & Equipment	804.59	827.45	890.31	903.69	454.92	451.77
Long-Term Investments	7.46	8.96	8.93	-	2	2
Goodwill	64.95	64.95	68.78	68.78	130.36	192.23
Other Intangible Assets	247.44	260.11	232.18	225.95	144.44	157.97
Long-Term Accounts Receivable	23.86	18.45	2.58	45.52	0.04	15.64
Long-Term Deferred Tax Assets	226.18	208.41	183.13	150.52	139.24	98.6
Long-Term Deferred Charges	78.48	80.77	72.5	37.42	8.65	5.65
Other Long-Term Assets	98.79	110.85	109.32	139.75	143.74	172.91
Total Assets	4,374	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	Sep '26 Sep 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	724.73	1,085	1,100	812.62	1,410	730.55
Accrued Expenses	33.24	77.06	82.61	75.48	55.44	77.43
Short-Term Debt	1,112	848	951.95	519.85	514.77	565.5
Current Portion of Long-Term Debt	87.4	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	21.03	8.65	9.95	17.44	2.93	15.35
Current Unearned Revenue	76.16	66.2	49.05	83.09	115.99	83.94
Other Current Liabilities	328.27	388.29	313.91	222.97	167.22	341.57
Total Current Liabilities	2,383	2,689	2,648	1,854	2,529	1,968
Long-Term Debt	14.81	21.41	35.39	59.44	21.91	251.11
Long-Term Leases	312.72	386.5	474.91	534.7	22.81	62.32
Long-Term Unearned Revenue	21.53	21.86	22.39	23.43	25.56	31.74
Long-Term Deferred Tax Liabilities	19.06	19.5	19.06	14.14	19.44	16.12
Other Long-Term Liabilities	-	0.01	0.02	0.04	0.24	0.67
Total Liabilities	2,751	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	Sep '26 Sep 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	177.73	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	1,582	1,569	1,537	1,465	1,489	1,660
Minority Interest	40.05	49.1	56.77	59.03	132.13	162.44
Shareholders' Equity	1,622	1,618	1,594	1,524	1,621	1,822
Total Liabilities & Equity	4,374	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	Sep '26 Sep 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	1,527	1,472	1,602	1,237	822.71	1,033
Net Cash (Debt)	-1,280	-1,071	-1,149	-863.88	-277.92	-362.06
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.60	-1.33	-1.28	-0.95	-0.33	-0.42
Filing Date Shares Outstanding	845.3	845.3	845.3	845.3	855.13	855.13
Total Common Shares Outstanding	845.3	845.3	845.3	845.3	855.13	855.13
Working Capital	438.71	487.79	578.07	584.18	687.26	1,088
Book Value Per Share	1.87	1.86	1.82	1.73	1.74	1.94
Tangible Book Value	1,270	1,244	1,236	1,170	1,214	1,310
Tangible Book Value Per Share	1.50	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	-	-