SHE:002860 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	590.24	709.53	589.1	986.89	517.07	285.37
Short-Term Investments	-	84.45	53.77	20.02	-	-
Trading Asset Securities	758.69	464.46	675.88	120.23	20.03	166.47
Cash & Short-Term Investments	1,349	1,258	1,319	1,127	537.1	451.84
Cash Growth	12.67%	-4.57%	17.00%	109.86%	18.87%	-4.03%
Accounts Receivable	1,401	1,231	1,047	1,108	881.71	586.41
Other Receivables	0.86	0.75	0.83	2.31	3.39	2.98
Receivables	1,401	1,232	1,048	1,111	885.11	589.39
Inventory	342.07	343.26	342.74	340.57	383.54	257.37
Prepaid Expenses	-	-	0	0.01	1.35	0.83
Other Current Assets	115.72	55.57	29.29	30.14	33.9	34.28
Total Current Assets	3,208	2,889	2,739	2,609	1,841	1,334
Property, Plant & Equipment	464.86	479.58	511.61	552.62	447.96	384.16
Long-Term Investments	79.97	94.07	93.91	42.13	0.39	0.39
Goodwill	54.99	54.99	54.99	54.99	54.99	54.99
Other Intangible Assets	98.23	99.73	103.31	106.16	109.02	74.09
Long-Term Deferred Tax Assets	28.07	28.97	28.11	21.54	18.26	9.45
Long-Term Deferred Charges	5.91	6.71	8.46	4.02	4.77	6.7
Other Long-Term Assets	8.1	1.89	0.81	3.91	11.8	35.79
Total Assets	3,948	3,655	3,540	3,394	2,488	1,899

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	897.04	885.65	853.07	1,130	916.53	358.41
Accrued Expenses	21.16	50.37	47.93	55.07	39.12	35.22
Short-Term Debt	410	323	308.99	6.5	15.3	15.45
Current Portion of Leases	-	1.19	1.14	1.09	0.98	1.2
Current Income Taxes Payable	20.26	6.45	6.37	19.85	3.83	8.62
Current Unearned Revenue	21.44	10.33	9.42	3.37	2.62	2.99
Other Current Liabilities	162.54	29.12	21.67	41.65	45.37	2.14
Total Current Liabilities	1,534	1,306	1,249	1,258	1,024	424.04
Long-Term Debt	-	-	369.63	357.32	-	180.29
Long-Term Leases	-	1.29	2.48	3.62	4.7	5.44
Long-Term Unearned Revenue	26.06	26.79	28.99	28.25	27.64	31.62
Long-Term Deferred Tax Liabilities	9.7	9.97	10.63	11.4	15.42	13.04
Other Long-Term Liabilities	22.54	19.76	14.61	9.82	-	-
Total Liabilities	1,592	1,364	1,675	1,668	1,072	654.44

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	352.15	359.71	308.7	306.52	306.73	204.21
Additional Paid-In Capital	736.52	792.2	382.81	378.31	421.51	299.3
Retained Earnings	1,267	1,202	1,037	923.57	751.76	665.45
Treasury Stock	-	-70	-18.59	-33.33	-104.95	-
Comprehensive Income & Other	0.39	7.15	114.89	113.55	1.28	52.04
Total Common Equity	2,356	2,291	1,825	1,689	1,376	1,221
Minority Interest	-	-	40.42	37.1	40.36	23.85
Shareholders' Equity	2,356	2,291	1,865	1,726	1,417	1,245
Total Liabilities & Equity	3,948	3,655	3,540	3,394	2,488	1,899

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	411.45	325.48	682.23	368.52	20.98	202.39
Net Cash (Debt)	937.48	932.97	636.51	758.62	516.12	249.45
Net Cash Growth	-2.84%	46.57%	-16.10%	46.98%	106.90%	0.06%
Net Cash Per Share	2.61	2.67	2.08	2.47	1.73	0.87
Filing Date Shares Outstanding	358.84	352.15	295.64	302.12	300.63	285.89
Total Common Shares Outstanding	358.84	352.15	295.64	302.12	300.63	285.89
Working Capital	1,674	1,583	1,490	1,351	817.25	909.68
Book Value Per Share	6.57	6.51	6.17	5.59	4.58	4.27
Tangible Book Value	2,203	2,136	1,666	1,527	1,212	1,092
Tangible Book Value Per Share	6.14	6.07	5.64	5.06	4.03	3.82
Buildings	-	379.02	378.81	284.59	259.33	240.07
Machinery	-	508.25	503.83	477.64	456.34	375.07
Construction In Progress	-	0.36	0.01	117.5	9.1	6.47