SHE:002949 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	297.49	205.08	362.79	808.85	624.65	382.09
Short-Term Investments	64.38	96.09	-	-	-	-
Trading Asset Securities	618.48	785.77	622.75	327.41	517.15	758.33
Cash & Short-Term Investments	980.36	1,087	985.54	1,136	1,142	1,140
Cash Growth	29.23%	10.29%	-13.26%	-0.48%	0.12%	-4.29%
Accounts Receivable	548.36	513.21	660.65	780.01	851.43	755.92
Other Receivables	8.81	10.28	13.99	19.18	24.55	29.48
Receivables	557.18	523.49	674.64	799.18	875.98	785.4
Inventory	-	0.01	4.61	-	-	-
Prepaid Expenses	0.01	0.01	0.02	0.19	0.1	0.04
Other Current Assets	10.71	11.76	21.26	16.83	16.83	20.53
Total Current Assets	1,548	1,622	1,686	1,952	2,035	1,946
Property, Plant & Equipment	550.49	562.02	739.76	741.65	688.82	654.35
Long-Term Investments	103.1	103.16	136.96	145.54	52.41	32.18
Goodwill	0.77	0.77	0.77	0.77	0.77	10.85
Other Intangible Assets	163.61	167.64	176.87	187.08	191.2	195
Long-Term Deferred Tax Assets	58.86	58.58	57.5	66.12	58.25	49.24
Long-Term Deferred Charges	47.29	48.44	12.32	6.12	18.03	30.68
Other Long-Term Assets	374.73	365.6	252.16	163.74	176.96	122.67
Total Assets	2,847	2,928	3,062	3,263	3,221	3,041

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	253.6	269.63	273.05	252.26	214.28	162.58
Accrued Expenses	94.69	134.6	149.47	183.27	230.44	264.32
Short-Term Debt	1.22	1.22	1.94	3.86	2.4	23.91
Current Portion of Long-Term Debt	461.66	444.74	3.75	2.81	1.87	1.15
Current Portion of Leases	5.8	7.04	8.31	26.12	33.7	36.27
Current Income Taxes Payable	9.27	13.13	11.79	15.62	9.77	30.82
Current Unearned Revenue	295.88	328.72	457.56	525.29	521.09	425.42
Other Current Liabilities	66.81	65.73	106.8	172.82	206.22	134.53
Total Current Liabilities	1,189	1,265	1,013	1,182	1,220	1,079
Long-Term Debt	-	-	420.03	399.14	377.58	355.16
Long-Term Leases	1.88	3.04	4.58	11.34	34.75	82.8
Long-Term Deferred Tax Liabilities	-	0	0	-	0.62	0.27
Other Long-Term Liabilities	4.61	4.63	4.56	4.48	8.65	25.89
Total Liabilities	1,195	1,272	1,442	1,597	1,641	1,543

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	196.05	196.04	196.04	196.04	196.04	196.04
Additional Paid-In Capital	648.11	648.03	647.99	642.1	642.03	644.8
Retained Earnings	610.66	614.86	592.88	624.41	521.89	468.53
Comprehensive Income & Other	120.42	120.39	120.74	120.61	120.37	121.77
Total Common Equity	1,575	1,579	1,558	1,583	1,480	1,431
Minority Interest	76.44	76.59	62.93	83.34	99.46	67.1
Shareholders' Equity	1,652	1,656	1,621	1,666	1,580	1,498
Total Liabilities & Equity	2,847	2,928	3,062	3,263	3,221	3,041

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	470.56	456.04	438.61	443.26	450.3	499.29
Net Cash (Debt)	509.8	630.9	546.93	693	691.51	641.13
Net Cash Growth	65.95%	15.35%	-21.08%	0.22%	7.86%	-17.94%
Net Cash Per Share	2.60	3.22	2.74	3.33	3.37	3.13
Filing Date Shares Outstanding	196.05	196.05	196.04	196.04	196.04	196.04
Total Common Shares Outstanding	196.05	196.04	196.04	196.04	196.04	196.04
Working Capital	359.31	357.38	673.41	770.42	814.94	867.4
Book Value Per Share	8.03	8.06	7.95	8.08	7.55	7.30
Tangible Book Value	1,411	1,411	1,380	1,395	1,288	1,225
Tangible Book Value Per Share	7.20	7.20	7.04	7.12	6.57	6.25
Buildings	619.21	620.83	761.68	378.74	441.9	441.9
Machinery	76.49	77.24	80.68	84.99	92.62	92.84
Construction In Progress	-	-	23.5	380.95	224.42	114.93