SHE:002769 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	204.46	400.46	338.73	2,634	3,736	844.48
Trading Asset Securities	19.68	1.6	26.11	5.16	5.41	0.65
Cash & Short-Term Investments	224.14	402.06	364.84	2,639	3,741	845.14
Cash Growth	0.30%	10.20%	-86.17%	-29.47%	342.70%	-77.40%
Accounts Receivable	88.48	95.5	175.18	203.55	405.2	705.51
Other Receivables	915.12	1,485	7,677	2,588	2,368	1,706
Receivables	1,004	1,581	7,852	2,792	2,773	2,411
Inventory	10.18	10.09	56.85	91.49	42.13	145.1
Prepaid Expenses	-	-	0.24	3.53	15.11	6.8
Other Current Assets	77.41	107.84	88.79	95	115.42	115.94
Total Current Assets	1,315	2,101	8,363	5,621	6,687	3,524
Property, Plant & Equipment	505.61	478.06	313.49	216.56	61.32	18.6
Long-Term Investments	145.66	145.66	146.21	151.29	153.57	133.57
Other Intangible Assets	0.8	0.96	0.64	1.02	1.32	1.99
Long-Term Accounts Receivable	-	-	2.9	21.85	33.67	47.61
Long-Term Deferred Tax Assets	87.76	92.12	107.59	106.44	107.07	76.63
Long-Term Deferred Charges	4.64	2.23	5.55	8.59	-	-
Other Long-Term Assets	1.15	2.15	4.65	3.43	12.46	4
Total Assets	2,061	2,822	8,944	6,130	7,057	3,807

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	64.58	78.02	115.23	140.64	85.4	167.49
Accrued Expenses	70.27	112.25	83.5	62.69	66.99	83.36
Short-Term Debt	227.51	194.42	232.31	2,146	3,339	1,102
Current Portion of Long-Term Debt	12.16	12.16	9.3	4.4	0.42	-
Current Portion of Leases	3.75	5.28	9.56	14.06	12.16	10.71
Current Income Taxes Payable	0.27	1.09	0.12	0.16	0.17	0.68
Current Unearned Revenue	23.65	27.25	64.47	19.68	44.39	63.64
Other Current Liabilities	400.17	1,202	7,263	2,434	2,095	898.37
Total Current Liabilities	802.35	1,633	7,778	4,822	5,643	2,327
Long-Term Debt	47.15	46.2	40.74	14.57	0.88	-
Long-Term Leases	76.06	15.35	13.72	19.28	27.73	1.56
Long-Term Deferred Tax Liabilities	4.61	1	7.78	2.7	3.72	0.16
Other Long-Term Liabilities	0.5	-	0.94	1.56	2.24	3.62
Total Liabilities	930.67	1,695	7,841	4,860	5,678	2,332

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	373.32	373.32	373.32	373.32	373.32	373.32
Additional Paid-In Capital	243.17	253.04	253.04	255.87	255.08	255.03
Retained Earnings	610.23	599.92	567.12	651.7	752.01	841.96
Treasury Stock	-39.15	-39.15	-39.15	-	-	-
Comprehensive Income & Other	-2.87	-6.35	-8.54	-2.03	-5.85	2.69
Total Common Equity	1,185	1,181	1,146	1,279	1,375	1,473
Minority Interest	-54.42	-54.4	-42.24	-9.05	4.27	1.71
Shareholders' Equity	1,130	1,126	1,104	1,270	1,379	1,475
Total Liabilities & Equity	2,061	2,822	8,944	6,130	7,057	3,807

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	366.63	273.41	305.63	2,199	3,380	1,115
Net Cash (Debt)	-142.49	128.65	59.2	440.48	361.64	-269.51
Net Cash Growth	-	117.29%	-86.56%	21.80%	-	-
Net Cash Per Share	-0.37	0.35	0.16	1.19	0.96	-0.73
Filing Date Shares Outstanding	366.49	366.49	366.49	368.54	373.32	373.32
Total Common Shares Outstanding	366.49	366.49	366.49	373.32	373.32	373.32
Working Capital	512.97	467.75	585.7	798.72	1,044	1,198
Book Value Per Share	3.23	3.22	3.13	3.43	3.68	3.95
Tangible Book Value	1,184	1,180	1,145	1,278	1,373	1,471
Tangible Book Value Per Share	3.23	3.22	3.12	3.42	3.68	3.94
Buildings	-	-	6.37	6.37	6.37	6.37
Machinery	506.86	462.59	263.62	146.43	22.12	14.62
Construction In Progress	31.5	33.45	48.64	50.36	7.74	-