SHE:002678 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	Dec '21 Dec 31, 2021
Cash & Equivalents	520.3	689.38	841.3	1,157	1,480	1,636
Trading Asset Securities	100.51	88	100	318	621.81	405.59
Cash & Short-Term Investments	620.81	777.38	941.3	1,475	2,102	2,042
Cash Growth	-25.26%	-17.41%	-36.19%	-29.82%	2.94%	5.79%
Accounts Receivable	136.09	96.89	47.85	40.18	54.45	64.86
Other Receivables	10.69	12.85	35.6	61.28	33.3	18.16
Receivables	146.78	109.73	83.45	101.46	87.75	83.03
Inventory	951.13	1,003	1,171	1,267	1,145	1,030
Prepaid Expenses	-	0.61	0.38	2.57	0.65	0.23
Other Current Assets	49.06	41.42	27.3	10.35	22.95	35.26
Total Current Assets	1,768	1,932	2,223	2,856	3,359	3,191
Property, Plant & Equipment	631.21	909.53	915.96	831.23	859.46	906.36
Long-Term Investments	292.28	299.48	294.2	302.85	312.88	310.55
Goodwill	-	-	-	18.16	17.15	16.68
Other Intangible Assets	255.24	261.78	151.89	152.6	158.4	164.7
Long-Term Deferred Tax Assets	64.14	62.98	85.17	59.32	66.55	64.34
Long-Term Deferred Charges	5.17	3.81	1.08	1.76	0.89	0.94
Other Long-Term Assets	693.72	349.22	314.88	334.64	343.9	366.62
Total Assets	3,710	3,819	3,986	4,557	5,118	5,021

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	Dec '21 Dec 31, 2021
Accounts Payable	75.51	60.52	76.91	200.96	472.49	445.07
Accrued Expenses	36.31	53.16	46.49	76.21	70.51	85.11
Short-Term Debt	37.48	55.12	74.76	256.89	500.91	358.43
Current Portion of Long-Term Debt	18.87	11.35	0.1	50.04	7.74	-
Current Portion of Leases	-	7.37	7.18	9.13	-	6.46
Current Income Taxes Payable	11.3	0.34	0.11	0.33	0.87	9.26
Current Unearned Revenue	36.2	45	53.42	75.25	110.7	159.84
Other Current Liabilities	113.09	74.21	52.88	68.23	76.51	148.53
Total Current Liabilities	328.75	307.06	311.84	737.02	1,240	1,213
Long-Term Debt	231.26	215.84	123.4	-	50	50
Long-Term Leases	22.38	24.71	32.21	33.04	19.19	18.21
Long-Term Unearned Revenue	30.93	32.32	34.35	39.04	34.54	36.88
Pension & Post-Retirement Benefits	-	9.48	14.18	15.52	21.67	20.72
Long-Term Deferred Tax Liabilities	1.43	1.12	1.37	2.93	5.09	5.31
Other Long-Term Liabilities	101.9	106.04	0.16	0.92	1.18	0.39
Total Liabilities	716.65	696.57	517.51	828.47	1,371	1,344

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	Dec '21 Dec 31, 2021
Common Stock	1,358	1,358	1,360	1,361	1,363	1,358
Additional Paid-In Capital	981.18	981.18	984.74	989.6	994.02	981.28
Retained Earnings	578.33	704.37	1,078	1,317	1,349	1,284
Treasury Stock	-	-	-5.05	-10.37	-17.29	-
Comprehensive Income & Other	42.9	54.87	32.93	42.87	25.28	21.22
Total Common Equity	2,961	3,099	3,451	3,700	3,714	3,645
Minority Interest	32.15	23.7	17.84	28.1	32.28	31.96
Shareholders' Equity	2,993	3,122	3,469	3,728	3,747	3,677
Total Liabilities & Equity	3,710	3,819	3,986	4,557	5,118	5,021

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	Dec '21 Dec 31, 2021
Total Debt	309.99	314.39	237.64	349.09	577.84	433.11
Net Cash (Debt)	310.82	462.99	703.66	1,126	1,524	1,609
Net Cash Growth	-43.41%	-34.20%	-37.51%	-26.12%	-5.27%	7.98%
Net Cash Per Share	0.23	0.35	0.51	0.77	1.11	1.18
Filing Date Shares Outstanding	1,201	1,358	1,360	1,361	1,370	1,358
Total Common Shares Outstanding	1,201	1,358	1,360	1,361	1,370	1,358
Working Capital	1,439	1,625	1,911	2,119	2,119	1,978
Book Value Per Share	2.46	2.28	2.54	2.72	2.71	2.68
Tangible Book Value	2,705	2,837	3,299	3,529	3,539	3,463
Tangible Book Value Per Share	2.25	2.09	2.43	2.59	2.58	2.55
Buildings	-	848.49	919.22	920.71	900.13	896.89
Machinery	-	575.35	630.32	652.96	646.72	634.17
Construction In Progress	-	274.55	172.1	20.58	15.39	8.33