SHE:002765 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Cash & Equivalents	624.77	815.45	710.18	675.38	650.8	489.92
Trading Asset Securities	-	-	-	-	1.94	16.88
Cash & Short-Term Investments	624.77	815.45	710.18	675.38	652.74	506.8
Cash Growth	-1.54%	14.82%	5.15%	3.47%	28.80%	11.76%
Accounts Receivable	1,322	1,371	1,269	941	870.23	998.48
Other Receivables	8.62	21.09	12.1	6.42	25.35	18.4
Receivables	1,331	1,392	1,281	947.66	895.57	1,018
Inventory	889.5	835.5	730.72	759.71	646.28	736.69
Prepaid Expenses	-	-	-	4.65	3.91	-
Other Current Assets	90.75	66.94	70.38	103.98	43.14	57.05
Total Current Assets	2,936	3,110	2,792	2,491	2,242	2,319
Property, Plant & Equipment	2,252	2,177	1,990	1,745	1,241	1,097
Long-Term Investments	28.04	8.54	3.79	3.9	4.06	4.64
Goodwill	131.67	131.67	131.67	131.67	501.17	501.17
Other Intangible Assets	242.73	249.61	261.62	278.38	261.87	273.82
Long-Term Deferred Tax Assets	133.67	120.55	117.59	127.02	116.85	108.57
Long-Term Deferred Charges	75.79	73.8	75.51	94.19	38.01	32.89
Other Long-Term Assets	96.89	125.51	103.03	207.65	345.95	36.39
Total Assets	5,897	5,997	5,476	5,079	4,751	4,373

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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Accounts Payable	1,418	1,570	1,400	1,319	933.93	1,003
Accrued Expenses	45.63	71.44	73.38	64.57	53.74	89.2
Short-Term Debt	614.73	439.01	341.14	240.95	437.1	304.25
Current Portion of Long-Term Debt	257.54	209.39	195.72	42.05	45	20
Current Portion of Leases	-	11.57	12.38	11.59	26.26	22.38
Current Income Taxes Payable	25.54	4.67	0.85	2.17	5	14.64
Current Unearned Revenue	9.94	11.49	9.48	8.25	44.55	9.92
Other Current Liabilities	16.14	15.47	52.78	28.7	43.99	48.3
Total Current Liabilities	2,388	2,333	2,085	1,718	1,590	1,512
Long-Term Debt	413.9	525.15	420.61	438.99	284.29	145
Long-Term Leases	24.76	27.77	12.39	22.85	32.4	36.76
Long-Term Unearned Revenue	213.19	213.04	212.23	243.77	289.28	339.54
Long-Term Deferred Tax Liabilities	14.46	14.87	15.23	18.6	23	1.62
Other Long-Term Liabilities	239.98	239.98	239.98	239.98	239.98	251
Total Liabilities	3,294	3,354	2,986	2,682	2,459	2,286

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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Common Stock	652.13	652.13	652.13	655.79	583.05	582.63
Additional Paid-In Capital	1,538	1,538	1,546	1,555	1,087	1,065
Retained Earnings	413.01	452.84	268.04	176.37	573.86	418.56
Treasury Stock	-	-	-	-12.68	-26.87	-25.78
Total Common Equity	2,602	2,643	2,466	2,375	2,217	2,041
Minority Interest	0.38	0.23	23.23	22.19	75.22	46.71
Shareholders' Equity	2,603	2,643	2,490	2,397	2,292	2,088
Total Liabilities & Equity	5,897	5,997	5,476	5,079	4,751	4,373

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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Total Debt	1,311	1,213	982.25	756.43	825.06	528.39
Net Cash (Debt)	-686.16	-397.43	-272.07	-81.05	-172.32	-21.59
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.99	-0.60	-0.42	-0.13	-0.30	-0.04
Filing Date Shares Outstanding	809.7	652.13	652.13	702.54	649.13	575.18
Total Common Shares Outstanding	809.7	652.13	652.13	702.54	575	575.18
Working Capital	547.83	777.37	706.55	773.75	652.07	806.94
Book Value Per Share	3.21	4.05	3.78	3.38	3.86	3.55
Tangible Book Value	2,228	2,261	2,073	1,965	1,454	1,266
Tangible Book Value Per Share	2.75	3.47	3.18	2.80	2.53	2.20
Buildings	-	507.91	486.3	348.9	347.36	338.84
Machinery	-	2,890	2,477	2,229	1,598	1,470
Construction In Progress	-	134.31	201.55	133.64	128.33	45.45