SHE:002902 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	215.89	326.43	305.82	231.17	232.36	229.62
Trading Asset Securities	-	20.04	70.15	-	6.41	23.38
Cash & Short-Term Investments	215.89	346.47	375.96	231.17	238.77	253
Cash Growth	-37.25%	-7.85%	62.63%	-3.18%	-5.63%	-10.24%
Accounts Receivable	824.01	619.2	605.4	747.06	968.66	906.76
Other Receivables	37.22	55.77	71.04	59.94	47.04	35.88
Receivables	861.24	674.97	676.43	807	1,016	942.65
Inventory	492.88	439.81	472.78	473.35	578.31	606.76
Other Current Assets	107.77	77.95	43.65	22.99	27.95	29.13
Total Current Assets	1,678	1,539	1,569	1,535	1,861	1,832
Property, Plant & Equipment	958.84	978.5	892.4	809.33	776.48	777.35
Long-Term Investments	98.28	118.66	96.13	90.09	101.24	91.08
Goodwill	-	-	-	-	4.2	4.2
Other Intangible Assets	74.12	81.1	47.77	48.02	50.63	42.48
Long-Term Accounts Receivable	-	1.51	1.6	4.93	14.34	-
Long-Term Deferred Tax Assets	5.39	5.32	12.08	38.19	37.28	30.73
Long-Term Deferred Charges	16.55	21.09	18.46	19.06	25.51	28.16
Other Long-Term Assets	16.63	4.38	22.15	21.64	21.29	25.87
Total Assets	2,848	2,750	2,659	2,566	2,892	2,831

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	928.72	816.62	787.56	698.45	769.01	1,059
Accrued Expenses	60.16	85.86	48.04	43	47.62	39.9
Short-Term Debt	341.22	410.2	412.48	401.71	280.31	214.23
Current Portion of Long-Term Debt	-	70.82	74.28	57.5	29.08	0.72
Current Portion of Leases	-	50.99	48	101.82	12.89	14.97
Current Income Taxes Payable	-	0.3	3.78	3.51	4.71	3.57
Current Unearned Revenue	22.97	17.94	11.03	4.55	2.15	8.72
Other Current Liabilities	485.68	233.68	150.86	221.89	415.85	234.5
Total Current Liabilities	1,839	1,686	1,536	1,532	1,562	1,576
Long-Term Debt	194.87	232.03	115.05	101.62	51	91.97
Long-Term Leases	21.87	49.4	35.27	78.89	157.41	93.71
Long-Term Unearned Revenue	16.98	19.05	18.09	17.27	7.49	6.57
Long-Term Deferred Tax Liabilities	9.46	11.87	1.38	1.19	2.83	6.17
Other Long-Term Liabilities	128.75	96.25	0.76	-	-	4.45
Total Liabilities	2,211	2,095	1,707	1,731	1,780	1,778

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	235.01	235.01	235.48	211.52	211.52	210
Additional Paid-In Capital	781.31	782.29	864.23	475.28	463.55	453.38
Retained Earnings	-407	-391.61	-143.82	147.94	414.2	341.06
Treasury Stock	-	-	-3.48	-11.29	-11.29	-
Comprehensive Income & Other	2.72	0.55	1.64	-0.14	0.35	1.29
Total Common Equity	612.04	626.24	954.05	823.31	1,078	1,006
Minority Interest	24.88	28.5	-1.23	11.08	33.01	47.19
Shareholders' Equity	636.93	654.74	952.82	834.39	1,111	1,053
Total Liabilities & Equity	2,848	2,750	2,659	2,566	2,892	2,831

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	557.95	813.43	685.09	741.54	530.69	415.6
Net Cash (Debt)	-342.06	-466.96	-309.13	-510.37	-291.93	-162.6
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.50	-1.98	-1.35	-2.42	-1.40	-0.77
Filing Date Shares Outstanding	204.9	235.01	235.48	211.52	211.22	210
Total Common Shares Outstanding	204.9	235.01	235.48	211.52	211.52	210
Working Capital	-160.96	-147.21	32.79	2.1	299.1	255.91
Book Value Per Share	2.99	2.66	4.05	3.89	5.10	4.79
Tangible Book Value	537.92	545.15	906.28	775.28	1,023	959.04
Tangible Book Value Per Share	2.63	2.32	3.85	3.67	4.84	4.57
Buildings	-	628.87	432.6	362.68	356.49	230.68
Machinery	-	808.2	809.53	773.44	706.42	670.28
Construction In Progress	-	30.78	126.26	63.66	5.88	97.68