SHE:002985 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	Sep '26 Sep 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	51.44	378.4	404.99	752.49	714.63	1,145
Trading Asset Securities	-	-	-	30.09	-	-
Cash & Short-Term Investments	51.44	378.4	404.99	782.58	714.63	1,145
Cash Growth	-80.58%	-6.57%	-48.25%	9.51%	-37.59%	58.57%
Accounts Receivable	1,761	1,487	1,712	1,999	1,970	1,670
Other Receivables	3.8	2.43	3.64	3.16	1.28	0.69
Receivables	1,765	1,490	1,716	2,002	1,971	1,671
Inventory	994.54	997.05	889.63	719.96	543.77	364.54
Prepaid Expenses	-	2.14	1.82	-	-	-
Other Current Assets	32.72	31.25	54.49	75.63	53.58	21.94
Total Current Assets	2,843	2,899	3,067	3,581	3,283	3,203
Property, Plant & Equipment	599.99	565.78	610	617.83	523.68	380.88
Long-Term Investments	-	8.5	3.5	-	-	3.5
Goodwill	184.93	184.93	185.13	194.27	194.27	194.27
Other Intangible Assets	49.84	51.13	52.79	54.68	56.44	57.27
Long-Term Deferred Tax Assets	101.23	93.89	91.84	70.22	49.28	42.91
Long-Term Deferred Charges	9.03	10.36	12.31	19.98	22.19	13.11
Other Long-Term Assets	57.23	45.37	19.26	38.31	61.14	52.93
Total Assets	3,845	3,859	4,041	4,576	4,190	3,947

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	620.51	727.38	580.24	527.32	382.36	308.36
Accrued Expenses	9.63	21.72	7.35	23.31	40.41	53.9
Short-Term Debt	65.62	-	33.65	-	-	28.4
Current Portion of Long-Term Debt	-	-	6.22	-	-	-
Current Portion of Leases	18.83	11.8	10.19	12.06	9.56	6.16
Current Income Taxes Payable	5.74	14.06	5.84	4.61	4.26	64.05
Current Unearned Revenue	2.19	1.22	5.78	4.4	1.32	68.67
Other Current Liabilities	171.15	267.94	480.43	80.41	79.29	690.88
Total Current Liabilities	893.67	1,044	1,130	652.12	517.19	1,220
Long-Term Debt	30	-	292.5	-	-	-
Long-Term Leases	32.55	26.22	33.91	41.58	53.29	22.9
Long-Term Unearned Revenue	44.55	45.38	46.48	47.58	48.68	50.02
Long-Term Deferred Tax Liabilities	0.2	0.2	0.36	0.08	0.27	-
Other Long-Term Liabilities	-23.17	-22.94	-26	-	-	-
Total Liabilities	977.8	1,093	1,477	741.36	619.43	1,293

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	331.85	331.85	331.85	331.85	331.85	255.27
Additional Paid-In Capital	807.77	837.76	836.44	1,436	1,434	1,267
Retained Earnings	1,616	1,493	1,301	1,391	1,173	909.28
Comprehensive Income & Other	28.14	27.84	27.63	27.24	23.52	19.76
Total Common Equity	2,784	2,690	2,496	3,185	2,963	2,452
Minority Interest	83.98	75.39	67.95	649.25	607.74	202.39
Shareholders' Equity	2,868	2,766	2,564	3,835	3,570	2,654
Total Liabilities & Equity	3,845	3,859	4,041	4,576	4,190	3,947

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	146.99	38.01	376.47	53.64	62.85	57.46
Net Cash (Debt)	-95.55	340.39	28.53	728.94	651.77	1,088
Net Cash Growth	-	1093.25%	-96.09%	11.84%	-40.07%	52.75%
Net Cash Per Share	-0.29	1.02	0.09	2.21	1.97	3.27
Filing Date Shares Outstanding	331.85	331.85	331.85	331.85	331.85	331.85
Total Common Shares Outstanding	331.85	331.85	331.85	331.85	331.85	331.85
Working Capital	1,950	1,855	1,937	2,928	2,766	1,982
Book Value Per Share	8.39	8.11	7.52	9.60	8.93	7.39
Tangible Book Value	2,549	2,454	2,259	2,936	2,712	2,200
Tangible Book Value Per Share	7.68	7.40	6.81	8.85	8.17	6.63
Buildings	-	89.99	87.57	50.85	50.85	48.59
Machinery	-	851.23	798.2	705.97	585.49	380.27
Construction In Progress	-	2.22	34.27	111.18	60.31	122.5