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	Sep '26 Sep 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	910.63	709.53	589.1	986.89	517.07	285.37
Short-Term Investments	85.86	84.45	53.77	20.02	-	-
Trading Asset Securities	608.86	464.46	675.88	120.23	20.03	166.47
Cash & Short-Term Investments	1,605	1,258	1,319	1,127	537.1	451.84
Cash Growth	40.46%	-4.57%	17.00%	109.86%	18.87%	-4.03%
Accounts Receivable	1,196	1,231	1,047	1,108	881.71	586.41
Other Receivables	30.68	0.75	0.83	2.31	3.39	2.98
Receivables	1,227	1,232	1,048	1,111	885.11	589.39
Inventory	308.4	343.26	342.74	340.57	383.54	257.37
Prepaid Expenses	-	-	0	0.01	1.35	0.83
Other Current Assets	15.07	55.57	29.29	30.14	33.9	34.28
Total Current Assets	3,156	2,889	2,739	2,609	1,841	1,334
Property, Plant & Equipment	460.23	479.58	511.61	552.62	447.96	384.16
Long-Term Investments	80.26	94.07	93.91	42.13	0.39	0.39
Goodwill	30.05	54.99	54.99	54.99	54.99	54.99
Other Intangible Assets	97.48	99.73	103.31	106.16	109.02	74.09
Long-Term Deferred Tax Assets	27.62	28.97	28.11	21.54	18.26	9.45
Long-Term Deferred Charges	5.43	6.71	8.46	4.02	4.77	6.7
Other Long-Term Assets	12.52	1.89	0.81	3.91	11.8	35.79
Total Assets	3,869	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	Sep '26 Sep 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	782.44	885.65	853.07	1,130	916.53	358.41
Accrued Expenses	29.6	50.37	47.93	55.07	39.12	35.22
Short-Term Debt	580	323	308.99	6.5	15.3	15.45
Current Portion of Leases	1.35	1.19	1.14	1.09	0.98	1.2
Current Income Taxes Payable	21.02	6.45	6.37	19.85	3.83	8.62
Current Unearned Revenue	2.34	10.33	9.42	3.37	2.62	2.99
Other Current Liabilities	4.65	29.12	21.67	41.65	45.37	2.14
Total Current Liabilities	1,421	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	25.21	26.79	28.99	28.25	27.64	31.62
Long-Term Deferred Tax Liabilities	9.57	9.97	10.63	11.4	15.42	13.04
Other Long-Term Liabilities	23.72	19.76	14.61	9.82	-	-
Total Liabilities	1,480	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	Sep '26 Sep 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	-	792.2	382.81	378.31	421.51	299.3
Retained Earnings	1,300	1,202	1,037	923.57	751.76	665.45
Treasury Stock	-	-70	-18.59	-33.33	-104.95	-
Comprehensive Income & Other	736.91	7.15	114.89	113.55	1.28	52.04
Total Common Equity	2,389	2,291	1,825	1,689	1,376	1,221
Minority Interest	-	-	40.42	37.1	40.36	23.85
Shareholders' Equity	2,389	2,291	1,865	1,726	1,417	1,245
Total Liabilities & Equity	3,869	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	Sep '26 Sep 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	581.35	325.48	682.23	368.52	20.98	202.39
Net Cash (Debt)	1,024	932.97	636.51	758.62	516.12	249.45
Net Cash Growth	12.46%	46.57%	-16.10%	46.98%	106.90%	0.06%
Net Cash Per Share	2.91	2.67	2.08	2.47	1.73	0.87
Filing Date Shares Outstanding	352.15	352.15	295.64	302.12	300.63	285.89
Total Common Shares Outstanding	352.15	352.15	295.64	302.12	300.63	285.89
Working Capital	1,734	1,583	1,490	1,351	817.25	909.68
Book Value Per Share	6.79	6.51	6.17	5.59	4.58	4.27
Tangible Book Value	2,262	2,136	1,666	1,527	1,212	1,092
Tangible Book Value Per Share	6.42	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