SHE:002685 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	917.94	715.48	750.67	470.35	346.62	158.82
Trading Asset Securities	139.68	190.05	157.04	-	130	137
Cash & Short-Term Investments	1,058	905.53	907.71	470.35	476.62	295.82
Cash Growth	29.30%	-0.24%	92.99%	-1.32%	61.12%	4.69%
Accounts Receivable	205	207.54	154.04	100.58	932.17	1,226
Other Receivables	325.06	414	363.24	2.03	49.91	42.9
Receivables	530.07	621.53	517.28	102.61	982.07	1,269
Inventory	471.64	863.83	556.58	342.01	615.57	1,283
Other Current Assets	178.84	22.96	201.8	1,325	77.73	96.26
Total Current Assets	2,238	2,414	2,183	2,240	2,152	2,944
Property, Plant & Equipment	263	139.24	643.02	758.12	546.29	484.54
Long-Term Investments	27.13	29.73	10.84	10.68	10.67	10.73
Goodwill	26.42	26.42	76.42	-	366.09	366.09
Other Intangible Assets	84.57	90.62	51.45	39.7	99.02	106.05
Long-Term Accounts Receivable	-	16.52	45.74	15.27	8.28	79.1
Long-Term Deferred Tax Assets	43.43	42.53	0.04	33.94	119.14	102.41
Long-Term Deferred Charges	-	43.42	31.34	9.14	21.24	5.77
Other Long-Term Assets	52.49	1.8	2.01	2.47	54.58	11.74
Total Assets	2,735	2,804	3,044	3,109	3,377	4,111

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	237.84	257.53	457.92	659.64	287.58	505.6
Accrued Expenses	16.98	32.59	31.47	29.44	36.98	37.06
Short-Term Debt	101.77	80.8	94.53	160.78	247.18	343.38
Current Portion of Long-Term Debt	-	-	-	-	32.78	26.67
Current Portion of Leases	1.78	1.64	10.8	5.12	0.92	1.04
Current Income Taxes Payable	1.83	3.63	4.3	0.26	0.94	-
Current Unearned Revenue	586.78	807.73	789.23	221.57	301.63	543.75
Other Current Liabilities	0.57	3.16	54.33	483.83	67.48	121.65
Total Current Liabilities	947.56	1,187	1,443	1,561	975.49	1,579
Long-Term Debt	111.08	-	-	-	40.66	53.33
Long-Term Leases	1.61	2.25	5.78	10.96	12.1	1.25
Long-Term Unearned Revenue	-	-	94.22	64.22	46.17	49.86
Long-Term Deferred Tax Liabilities	0.01	1.18	3.2	-	4.45	5.2
Other Long-Term Liabilities	-	-	-	59.5	58.57	7.86
Total Liabilities	1,060	1,191	1,546	1,695	1,137	1,697

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	1,008	1,008	1,008	1,008	1,008	1,008
Additional Paid-In Capital	3,024	3,024	3,024	3,024	3,024	3,024
Retained Earnings	-2,388	-2,452	-2,517	-2,640	-1,829	-1,651
Comprehensive Income & Other	14.9	15.34	16.32	38.23	37.41	33.01
Total Common Equity	1,658	1,595	1,531	1,430	2,240	2,414
Minority Interest	16.7	18.18	-32.34	-15.77	-	-
Shareholders' Equity	1,675	1,614	1,498	1,414	2,240	2,414
Total Liabilities & Equity	2,735	2,804	3,044	3,109	3,377	4,111

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	216.24	84.69	111.11	176.86	333.64	425.67
Net Cash (Debt)	841.37	820.84	796.61	293.49	142.98	-129.84
Net Cash Growth	12.69%	3.04%	171.42%	105.26%	-	-
Net Cash Per Share	0.84	0.81	0.79	0.29	0.14	-0.13
Filing Date Shares Outstanding	1,008	1,008	1,008	1,008	1,008	1,008
Total Common Shares Outstanding	1,008	1,008	1,008	1,008	1,008	1,008
Working Capital	1,291	1,227	740.78	679.26	1,177	1,365
Book Value Per Share	1.65	1.58	1.52	1.42	2.22	2.40
Tangible Book Value	1,547	1,478	1,403	1,390	1,775	1,942
Tangible Book Value Per Share	1.54	1.47	1.39	1.38	1.76	1.93
Buildings	-	152.94	152.94	152.91	401.27	400.97
Machinery	-	109.56	281.18	387.61	383.82	268.26
Construction In Progress	-	26.58	352.83	370.5	-	2.64