SHE:002829 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	77.62	116.48	336.85	397.58	195.63	230.95
Short-Term Investments	-	-	20	41.33	-	-
Trading Asset Securities	200	200.02	200.12	180.68	-	-
Cash & Short-Term Investments	277.62	316.5	556.97	619.6	195.63	230.95
Cash Growth	-22.24%	-43.18%	-10.11%	216.73%	-15.30%	-27.75%
Accounts Receivable	656.79	732.95	798.68	878.88	895.31	575.36
Other Receivables	10.48	9.97	7.12	12.6	20.77	22.09
Receivables	667.28	742.93	805.81	891.48	916.08	597.46
Inventory	506.22	531.37	618.06	595.01	502.59	448.53
Other Current Assets	59.17	52.05	47.57	51.32	27.89	55.48
Total Current Assets	1,510	1,643	2,028	2,157	1,642	1,332
Property, Plant & Equipment	156.22	166.6	209	226.49	219.59	176.16
Long-Term Investments	433.14	296.53	227.94	232.36	229.61	216.66
Goodwill	14.8	14.8	49.27	111.13	128.37	128.37
Other Intangible Assets	50.21	39.8	39.98	41.2	39.23	37.65
Long-Term Deferred Tax Assets	88.29	84.19	55.62	14.82	20.65	16.27
Long-Term Deferred Charges	28.43	37.46	33.87	26.6	11.41	14.03
Other Long-Term Assets	29.84	26.9	22.98	23.69	47.62	42.43
Total Assets	2,311	2,309	2,667	2,834	2,339	1,964

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	347.46	438.53	529.96	505.28	479.9	420.16
Accrued Expenses	6.12	13.35	17	26.01	49.61	32.12
Short-Term Debt	104.22	105.02	203.66	121.81	158.15	146.9
Current Portion of Long-Term Debt	4.24	-	-	-	-	-
Current Portion of Leases	-	5.08	7.76	7.52	7.27	2.75
Current Income Taxes Payable	0.64	-	-	3.44	17.79	4.9
Current Unearned Revenue	22.79	25.15	11.53	13.33	16.58	34.97
Other Current Liabilities	14.33	13.13	20.52	25.6	38.55	53.11
Total Current Liabilities	499.81	600.25	790.43	702.99	767.84	694.92
Long-Term Leases	20.58	22.23	48.55	54.29	59.77	0.58
Long-Term Unearned Revenue	0.41	0.53	1.05	3.12	6.64	10.32
Long-Term Deferred Tax Liabilities	-	-	-	-	10.47	10.27
Other Long-Term Liabilities	-	-	-	-	26.41	52.83
Total Liabilities	520.79	623.01	840.02	760.4	871.13	768.91

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	207.81	207.81	207.81	207.81	156.31	154.69
Additional Paid-In Capital	878.06	878.06	875.08	876.9	318.26	265.87
Retained Earnings	572.12	460.85	570.1	798.11	806.1	613.51
Treasury Stock	-20.99	-20.99	-	-	-	-
Comprehensive Income & Other	51.96	49.13	45.56	45.56	45.56	42.84
Total Common Equity	1,689	1,575	1,699	1,928	1,326	1,077
Minority Interest	101.46	111.26	128.5	144.92	141.29	118.16
Shareholders' Equity	1,790	1,686	1,827	2,073	1,468	1,195
Total Liabilities & Equity	2,311	2,309	2,667	2,834	2,339	1,964

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	129.04	132.33	259.96	183.61	225.19	150.23
Net Cash (Debt)	148.58	184.16	297.02	435.98	-29.57	80.73
Net Cash Growth	-1.59%	-38.00%	-31.87%	-	-	-41.29%
Net Cash Per Share	0.71	0.89	1.43	2.18	-0.16	0.43
Filing Date Shares Outstanding	208	206.59	206.59	207.81	206.58	185.62
Total Common Shares Outstanding	208	206.59	207.81	207.81	187.57	185.62
Working Capital	1,010	1,043	1,238	1,454	874.34	637.5
Book Value Per Share	8.12	7.62	8.17	9.28	7.07	5.80
Tangible Book Value	1,624	1,520	1,609	1,776	1,159	910.89
Tangible Book Value Per Share	7.81	7.36	7.74	8.55	6.18	4.91
Buildings	-	181.33	187.84	187.84	159.84	167.52
Machinery	-	109.94	109.23	106.17	101.4	101.22
Construction In Progress	-	-	-	1.39	2.19	1.21