SHE:002978 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	1,833	2,000	3,819	2,469	2,643	2,189
Short-Term Investments	240	240	200	-	-	-
Trading Asset Securities	4	179	99	-	-	-
Cash & Short-Term Investments	2,077	2,419	4,118	2,469	2,643	2,189
Cash Growth	-52.73%	-41.27%	66.77%	-6.56%	20.70%	30.67%
Accounts Receivable	210.06	111.89	383.17	683.4	728.73	731.58
Other Receivables	11.21	71.54	6.99	8.51	5.19	8.46
Receivables	221.27	183.43	390.16	691.91	733.92	740.04
Inventory	1,436	1,440	85.61	78.8	94.25	86.28
Prepaid Expenses	-	-	-	-	0	-
Other Current Assets	85.12	25.96	106.59	59.67	30.62	4.65
Total Current Assets	3,820	4,068	4,701	3,300	3,502	3,020
Property, Plant & Equipment	5,610	4,906	2,217	1,666	1,223	979.43
Long-Term Investments	938.68	922.88	984.87	1,005	1,028	942.76
Other Intangible Assets	5,654	5,662	689.28	701.74	469.84	297.53
Long-Term Deferred Tax Assets	25.96	24.27	26.69	29.41	29.03	18.05
Long-Term Deferred Charges	186.04	211.09	280.52	193.51	165.65	196.52
Other Long-Term Assets	1,129	1,052	595.01	237.92	142.55	155.89
Total Assets	17,363	16,846	9,494	7,134	6,560	5,611

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	1,114	1,127	374.44	308.64	346.87	221.54
Accrued Expenses	117.64	156.49	87.32	64.01	85.44	53.77
Short-Term Debt	403.3	1,668	316.24	263.12	268.46	63.66
Current Portion of Leases	0.04	0.04	0.11	1.25	1.26	0.95
Current Income Taxes Payable	48.26	36.65	41.91	63.37	88.78	118.16
Current Unearned Revenue	47.16	78.68	50.16	28.04	50.83	76.75
Other Current Liabilities	155.27	413.75	97.94	113.42	29.57	45.86
Total Current Liabilities	1,885	3,481	968.12	841.86	871.21	580.7
Long-Term Debt	5,992	4,209	100.09	-	-	-
Long-Term Leases	1.07	1.05	-	0.11	1.31	2.84
Long-Term Unearned Revenue	294.16	299.08	114.26	109.37	107.2	120.36
Long-Term Deferred Tax Liabilities	22.73	25.11	33.05	36.82	30.43	6.47
Other Long-Term Liabilities	155.62	160.9	88.56	89.63	90.3	92.39
Total Liabilities	8,351	8,176	1,304	1,078	1,100	802.75

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	471.99	471.99	471.99	401	401	401
Additional Paid-In Capital	2,644	2,642	2,638	1,025	1,025	1,025
Retained Earnings	5,754	5,414	4,929	4,478	3,942	3,285
Treasury Stock	-20.57	-26.33	-26.33	-9.24	-	-
Comprehensive Income & Other	126.83	121.15	128.08	111.59	91.22	96.41
Total Common Equity	8,977	8,622	8,141	6,006	5,459	4,808
Minority Interest	34.91	47.76	49.48	49.76	-	-
Shareholders' Equity	9,012	8,670	8,190	6,056	5,459	4,808
Total Liabilities & Equity	17,363	16,846	9,494	7,134	6,560	5,611

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	6,397	5,878	416.44	264.49	271.02	67.45
Net Cash (Debt)	-4,320	-3,460	3,702	2,205	2,372	2,122
Net Cash Growth	-	-	67.89%	-7.03%	11.77%	26.65%
Net Cash Per Share	-9.16	-7.34	9.25	5.50	5.91	5.29
Filing Date Shares Outstanding	472.46	471.08	471.08	400.09	401	401
Total Common Shares Outstanding	472.46	471.08	471.08	400.7	401	401
Working Capital	1,934	586.77	3,732	2,458	2,630	2,440
Book Value Per Share	19.00	18.30	17.28	14.99	13.61	11.99
Tangible Book Value	3,323	2,960	7,451	5,304	4,990	4,510
Tangible Book Value Per Share	7.03	6.28	15.82	13.24	12.44	11.25
Buildings	2,151	2,151	1,770	1,570	1,176	1,135
Machinery	1,155	1,154	818.87	741.28	682.15	545
Construction In Progress	3,839	3,017	840.9	390.32	241.46	44.42