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	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	707.43	715.48	750.67	470.35	346.62	158.82
Trading Asset Securities	185.3	190.05	157.04	-	130	137
Cash & Short-Term Investments	892.72	905.53	907.71	470.35	476.62	295.82
Cash Growth	35.86%	-0.24%	92.99%	-1.32%	61.12%	4.69%
Accounts Receivable	243.58	207.54	154.04	100.58	932.17	1,226
Other Receivables	330.58	414	363.24	2.03	49.91	42.9
Receivables	574.16	621.53	517.28	102.61	982.07	1,269
Inventory	437.29	863.83	556.58	342.01	615.57	1,283
Other Current Assets	113.78	22.96	201.8	1,325	77.73	96.26
Total Current Assets	2,018	2,414	2,183	2,240	2,152	2,944
Property, Plant & Equipment	216.03	139.24	643.02	758.12	546.29	484.54
Long-Term Investments	29.49	29.73	10.84	10.68	10.67	10.73
Goodwill	26.42	26.42	76.42	-	366.09	366.09
Other Intangible Assets	86.02	90.62	51.45	39.7	99.02	106.05
Long-Term Accounts Receivable	11.65	16.52	45.74	15.27	8.28	79.1
Long-Term Deferred Tax Assets	43.17	42.53	0.04	33.94	119.14	102.41
Long-Term Deferred Charges	22.85	43.42	31.34	9.14	21.24	5.77
Other Long-Term Assets	13.3	1.8	2.01	2.47	54.58	11.74
Total Assets	2,467	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	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	195.15	257.53	457.92	659.64	287.58	505.6
Accrued Expenses	15.73	32.59	31.47	29.44	36.98	37.06
Short-Term Debt	107.59	80.8	94.53	160.78	247.18	343.38
Current Portion of Long-Term Debt	-	-	-	-	32.78	26.67
Current Portion of Leases	1.77	1.64	10.8	5.12	0.92	1.04
Current Income Taxes Payable	3.55	3.63	4.3	0.26	0.94	-
Current Unearned Revenue	411.18	807.73	789.23	221.57	301.63	543.75
Other Current Liabilities	2.48	3.16	54.33	483.83	67.48	121.65
Total Current Liabilities	737.44	1,187	1,443	1,561	975.49	1,579
Long-Term Debt	54.77	-	-	-	40.66	53.33
Long-Term Leases	2.11	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	0.18	1.18	3.2	-	4.45	5.2
Other Long-Term Liabilities	-	-	-	59.5	58.57	7.86
Total Liabilities	794.5	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	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	1,008	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	-2,390	-2,452	-2,517	-2,640	-1,829	-1,651
Comprehensive Income & Other	15.07	15.34	16.32	38.23	37.41	33.01
Total Common Equity	1,657	1,595	1,531	1,430	2,240	2,414
Minority Interest	15.15	18.18	-32.34	-15.77	-	-
Shareholders' Equity	1,672	1,614	1,498	1,414	2,240	2,414
Total Liabilities & Equity	2,467	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	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	166.24	84.69	111.11	176.86	333.64	425.67
Net Cash (Debt)	726.49	820.84	796.61	293.49	142.98	-129.84
Net Cash Growth	29.36%	3.04%	171.42%	105.26%	-	-
Net Cash Per Share	0.72	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	1,281	1,227	740.78	679.26	1,177	1,365
Book Value Per Share	1.64	1.58	1.52	1.42	2.22	2.40
Tangible Book Value	1,545	1,478	1,403	1,390	1,775	1,942
Tangible Book Value Per Share	1.53	1.47	1.39	1.38	1.76	1.93
Buildings	152.94	152.94	152.94	152.91	401.27	400.97
Machinery	121.88	109.56	281.18	387.61	383.82	268.26
Construction In Progress	99.02	26.58	352.83	370.5	-	2.64