SHE:002889 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	Dec '21 Dec 31, 2021
Cash & Equivalents	732.75	985.99	1,449	1,914	1,864	1,271
Short-Term Investments	100	100.29	100.05	103.98	100.62	436.78
Trading Asset Securities	98.6	102.24	100.17	254.96	112.36	647.86
Cash & Short-Term Investments	931.35	1,189	1,649	2,273	2,077	2,355
Cash Growth	-35.97%	-27.92%	-27.45%	9.41%	-11.81%	-61.82%
Accounts Receivable	1,023	1,149	967.94	423.82	326.41	449.88
Other Receivables	1,070	1,083	777.42	582.74	810.89	856.95
Receivables	2,093	2,232	1,745	1,007	1,278	1,307
Inventory	21.82	43.71	37.85	47.68	32.87	12.39
Prepaid Expenses	4.8	6.58	24.4	16.74	20.96	11.34
Other Current Assets	214	187.56	176.56	408.86	116.75	99.36
Total Current Assets	3,265	3,658	3,633	3,753	3,526	3,785
Property, Plant & Equipment	652.36	610.6	520.06	427.23	290.35	270.05
Long-Term Investments	399.23	180.36	237.06	276.73	252.5	287.35
Goodwill	17.33	17.33	17.33	17.33	17.33	17.33
Other Intangible Assets	291.13	296.19	301.71	172.62	177.2	117.23
Long-Term Deferred Tax Assets	41.55	38.41	18.91	28.47	24.36	10.79
Long-Term Deferred Charges	2.79	3.67	0.56	0.74	1.24	-
Other Long-Term Assets	-	-	-	-	-	140.88
Total Assets	4,721	4,850	4,767	4,716	4,317	4,646

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	Dec '21 Dec 31, 2021
Accounts Payable	235.77	326.98	266.22	165.83	60.28	61.41
Accrued Expenses	35.11	30.38	31.24	29.51	106.86	25.47
Short-Term Debt	1,275	1,470	1,787	2,029	1,705	2,139
Current Portion of Long-Term Debt	-	-	-	5.01	144.69	3.5
Current Portion of Leases	26.94	28.14	27.02	29.17	27.32	26.31
Current Income Taxes Payable	13.1	19.54	25.82	17.65	15.73	32.29
Current Unearned Revenue	111.15	142.21	103.27	100.19	42.39	32.54
Other Current Liabilities	67.55	265.08	33.66	16.01	45.67	132.48
Total Current Liabilities	1,764	2,282	2,274	2,392	2,148	2,453
Long-Term Debt	165.11	-	-	2.64	7.64	151.08
Long-Term Leases	5.33	2.26	11.23	25.51	19.88	22.71
Long-Term Unearned Revenue	1.3	1.38	1.53	1.68	1.83	2.64
Long-Term Deferred Tax Liabilities	31.17	0.03	0.01	12.48	10.87	2.46
Total Liabilities	1,967	2,286	2,287	2,434	2,188	2,632

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	Dec '21 Dec 31, 2021
Common Stock	377.67	377.67	269.76	192.96	138.1	138.1
Additional Paid-In Capital	302.61	300.42	406.41	483.52	483.52	483.52
Retained Earnings	2,004	1,816	1,734	1,559	1,470	1,339
Treasury Stock	-24.1	-24.1	-24.17	-24.17	-24.17	-9.36
Comprehensive Income & Other	0.71	0.11	0.2	-0.03	-0.05	-0.05
Total Common Equity	2,661	2,470	2,386	2,211	2,068	1,951
Minority Interest	93.07	93.65	94.56	71.31	61.24	62.79
Shareholders' Equity	2,754	2,564	2,480	2,282	2,129	2,014
Total Liabilities & Equity	4,721	4,850	4,767	4,716	4,317	4,646

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	Dec '21 Dec 31, 2021
Total Debt	1,472	1,500	1,825	2,091	1,905	2,343
Net Cash (Debt)	-540.64	-311.81	-175.86	181.82	172.69	12.39
Net Cash Growth	-	-	-	5.29%	1293.89%	-97.43%
Net Cash Per Share	-1.42	-0.82	-0.47	0.48	0.46	0.03
Filing Date Shares Outstanding	365.84	391.85	376.33	376.33	367	378.95
Total Common Shares Outstanding	365.84	391.85	376.33	376.33	367	378.95
Working Capital	1,501	1,376	1,359	1,361	1,378	1,332
Book Value Per Share	7.27	6.30	6.34	5.87	5.63	5.15
Tangible Book Value	2,352	2,157	2,067	2,021	1,873	1,816
Tangible Book Value Per Share	6.43	5.50	5.49	5.37	5.10	4.79
Buildings	443.73	442.61	441.14	235.59	235.59	235.59
Machinery	48.34	48.31	44.88	46.02	49.42	40.92
Construction In Progress	255.66	209.97	100.25	184.36	45.56	21.42