SHE:002951 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	127.84	157.23	196.71	460.36	243.78	378.31
Short-Term Investments	-	160.16	383.95	184.33	-	-
Trading Asset Securities	101.24	197.93	399.96	200.26	90.07	120.71
Cash & Short-Term Investments	229.09	515.32	980.61	844.95	333.85	499.01
Cash Growth	-59.64%	-47.45%	16.05%	153.09%	-33.10%	-1.26%
Accounts Receivable	414.26	498.14	336.33	0.27	28.34	34.76
Other Receivables	15.31	17.17	0.49	1.5	1.84	1.59
Receivables	429.57	515.31	336.82	1.78	30.18	36.35
Inventory	315.48	162.07	85.04	3.34	25.39	51.51
Other Current Assets	184.49	30.1	37.42	12.15	5.04	17.2
Total Current Assets	1,159	1,223	1,440	862.21	394.46	604.07
Property, Plant & Equipment	316.4	304.14	452.07	557.92	551.62	536.22
Long-Term Investments	402.57	361.6	436.25	804.14	978.57	547.27
Goodwill	9.5	8.61	15.17	-	-	-
Other Intangible Assets	96.54	83.87	79.19	77.59	81.16	84.11
Long-Term Deferred Tax Assets	4.11	4.63	4.12	-	-	1.44
Long-Term Deferred Charges	12.46	14.62	17.27	0.68	1.18	0.83
Other Long-Term Assets	37.75	16.19	12.33	11.26	13.55	13.35
Total Assets	2,038	2,016	2,456	2,314	2,021	1,787

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	336.81	233.63	280.07	17.01	55.62	110.27
Accrued Expenses	4.86	11.68	8.47	4.63	10.86	11.19
Short-Term Debt	55.03	55.03	-	-	-	-
Current Portion of Long-Term Debt	5.73	2.31	-	-	-	-
Current Portion of Leases	-	4.16	2.52	-	-	-
Current Income Taxes Payable	3.16	47.81	138.68	113.69	3.65	4.64
Current Unearned Revenue	0.63	1.63	1.57	-	1.52	-
Other Current Liabilities	54.73	62.58	9.72	0.03	4.57	3.73
Total Current Liabilities	460.95	418.82	441.04	135.36	76.22	129.83
Long-Term Debt	2.41	3.58	-	-	-	-
Long-Term Leases	0.05	5.25	2.59	-	-	-
Long-Term Unearned Revenue	-	-	-	5.25	5.25	5.45
Long-Term Deferred Tax Liabilities	5.73	8.45	50.54	128.21	143.66	35.13
Other Long-Term Liabilities	0.11	0.11	-	-	-	-
Total Liabilities	469.25	436.21	494.17	268.81	225.13	170.41

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	405	405	405	405	405	405
Additional Paid-In Capital	531.25	527.78	528.3	536.9	536.9	536.9
Retained Earnings	550.65	545.15	848.24	716.12	408.59	465.43
Treasury Stock	-37.98	-37.98	-36.17	-17.65	-	-
Comprehensive Income & Other	71.68	91.86	171.06	402.96	439.35	200.51
Total Common Equity	1,521	1,532	1,916	2,043	1,790	1,608
Minority Interest	48.11	48.45	45.66	1.66	5.56	9.04
Shareholders' Equity	1,569	1,580	1,962	2,045	1,795	1,617
Total Liabilities & Equity	2,038	2,016	2,456	2,314	2,021	1,787

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	63.22	70.33	5.11	-	-	-
Net Cash (Debt)	165.86	445	975.49	844.95	333.85	499.01
Net Cash Growth	-70.54%	-54.38%	15.45%	153.09%	-33.10%	-1.26%
Net Cash Per Share	0.38	1.10	2.22	2.09	0.82	1.25
Filing Date Shares Outstanding	607.75	403.88	400.01	402.82	405	405
Total Common Shares Outstanding	607.75	403.88	400.01	402.82	405	405
Working Capital	697.68	803.98	998.84	726.86	318.24	474.24
Book Value Per Share	2.50	3.79	4.79	5.07	4.42	3.97
Tangible Book Value	1,415	1,439	1,822	1,966	1,709	1,524
Tangible Book Value Per Share	2.33	3.56	4.56	4.88	4.22	3.76
Buildings	-	293.73	453.43	249.62	249.62	249.62
Machinery	-	64.87	37.78	107.33	263.63	318.65
Construction In Progress	-	15.17	15.16	384.35	339.12	288.75