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	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	106.75	378.4	404.99	752.49	714.63	1,145
Trading Asset Securities	-	-	-	30.09	-	-
Cash & Short-Term Investments	106.75	378.4	404.99	782.58	714.63	1,145
Cash Growth	-65.64%	-6.57%	-48.25%	9.51%	-37.59%	58.57%
Accounts Receivable	1,609	1,487	1,712	1,999	1,970	1,670
Other Receivables	3.3	2.43	3.64	3.16	1.28	0.69
Receivables	1,613	1,490	1,716	2,002	1,971	1,671
Inventory	969.76	997.05	889.63	719.96	543.77	364.54
Prepaid Expenses	-	2.14	1.82	-	-	-
Other Current Assets	38.04	31.25	54.49	75.63	53.58	21.94
Total Current Assets	2,727	2,899	3,067	3,581	3,283	3,203
Property, Plant & Equipment	589.84	565.78	610	617.83	523.68	380.88
Long-Term Investments	8.5	8.5	3.5	-	-	3.5
Goodwill	184.93	184.93	185.13	194.27	194.27	194.27
Other Intangible Assets	50.38	51.13	52.79	54.68	56.44	57.27
Long-Term Deferred Tax Assets	103.11	93.89	91.84	70.22	49.28	42.91
Long-Term Deferred Charges	9.25	10.36	12.31	19.98	22.19	13.11
Other Long-Term Assets	57.73	45.37	19.26	38.31	61.14	52.93
Total Assets	3,731	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	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	626.35	727.38	580.24	527.32	382.36	308.36
Accrued Expenses	10.38	21.72	7.35	23.31	40.41	53.9
Short-Term Debt	-	-	33.65	-	-	28.4
Current Portion of Long-Term Debt	12.45	-	6.22	-	-	-
Current Portion of Leases	-	11.8	10.19	12.06	9.56	6.16
Current Income Taxes Payable	11.11	14.06	5.84	4.61	4.26	64.05
Current Unearned Revenue	4.83	1.22	5.78	4.4	1.32	68.67
Other Current Liabilities	175.2	267.94	480.43	80.41	79.29	690.88
Total Current Liabilities	840.31	1,044	1,130	652.12	517.19	1,220
Long-Term Debt	-	-	292.5	-	-	-
Long-Term Leases	39.62	26.22	33.91	41.58	53.29	22.9
Long-Term Unearned Revenue	44.83	45.38	46.48	47.58	48.68	50.02
Long-Term Deferred Tax Liabilities	0.33	0.2	0.36	0.08	0.27	-
Other Long-Term Liabilities	-23.92	-22.94	-26	-	-	-
Total Liabilities	901.16	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	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	331.85	331.85	331.85	331.85	331.85	255.27
Additional Paid-In Capital	837.76	837.76	836.44	1,436	1,434	1,267
Retained Earnings	1,550	1,493	1,301	1,391	1,173	909.28
Comprehensive Income & Other	28.05	27.84	27.63	27.24	23.52	19.76
Total Common Equity	2,748	2,690	2,496	3,185	2,963	2,452
Minority Interest	81.67	75.39	67.95	649.25	607.74	202.39
Shareholders' Equity	2,830	2,766	2,564	3,835	3,570	2,654
Total Liabilities & Equity	3,731	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	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	52.07	38.01	376.47	53.64	62.85	57.46
Net Cash (Debt)	54.68	340.39	28.53	728.94	651.77	1,088
Net Cash Growth	-66.04%	1093.25%	-96.09%	11.84%	-40.07%	52.75%
Net Cash Per Share	0.16	1.02	0.09	2.21	1.97	3.27
Filing Date Shares Outstanding	334.11	331.85	331.85	331.85	331.85	331.85
Total Common Shares Outstanding	334.11	331.85	331.85	331.85	331.85	331.85
Working Capital	1,887	1,855	1,937	2,928	2,766	1,982
Book Value Per Share	8.22	8.11	7.52	9.60	8.93	7.39
Tangible Book Value	2,513	2,454	2,259	2,936	2,712	2,200
Tangible Book Value Per Share	7.52	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