SHE:003032 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	349.2	371.4	693.98	802.59	929.17	832.89
Short-Term Investments	88.42	45.98	-	55	40	50
Trading Asset Securities	120.37	100.44	100.11	322.63	522.25	400.48
Cash & Short-Term Investments	557.99	517.82	794.09	1,180	1,491	1,283
Cash Growth	-16.19%	-34.79%	-32.72%	-20.87%	16.21%	53.34%
Accounts Receivable	47.75	45.13	14.04	17.44	9.47	19.03
Other Receivables	4.72	5.8	0.96	0.71	0.95	2.77
Receivables	52.47	50.94	15	18.15	10.42	21.79
Inventory	1.12	1.3	-	-	-	-
Other Current Assets	11.79	11.79	4.56	21.27	8.7	7.77
Total Current Assets	623.37	581.85	813.65	1,220	1,511	1,313
Property, Plant & Equipment	814.59	705.41	453.62	308.95	221.48	292.72
Long-Term Investments	80.81	143.08	60.08	20	30	30
Goodwill	50.8	52.71	-	-	-	-
Other Intangible Assets	134.19	140.52	75.51	77.7	2.88	3.52
Long-Term Accounts Receivable	-	-	5.95	14.22	24.58	23.47
Long-Term Deferred Tax Assets	23.21	25.27	17.85	24.56	15.76	16.67
Long-Term Deferred Charges	6.71	9.21	7.42	19.21	30.52	40.89
Other Long-Term Assets	61.62	51.96	85.74	8.39	8.68	28.96
Total Assets	1,795	1,710	1,520	1,693	1,844	1,749

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	109.05	134.5	95.37	38.76	2.9	3.43
Accrued Expenses	39.23	45.72	33.32	54.43	76.33	55.69
Short-Term Debt	5	5	-	-	-	-
Current Portion of Long-Term Debt	0.57	0.64	-	-	-	-
Current Portion of Leases	48.54	39.92	21.67	34.59	51.58	58.41
Current Income Taxes Payable	3.85	3	1.25	3.36	3.35	0.94
Current Unearned Revenue	188.03	158.53	69.18	75.31	176.71	175.2
Other Current Liabilities	29.67	28.71	11.96	37.94	41.3	15.24
Total Current Liabilities	423.94	416.04	232.75	244.38	352.16	308.9
Long-Term Debt	0.56	0.88	-	-	-	-
Long-Term Leases	122.24	71.02	27.96	93.38	150.77	225.85
Long-Term Deferred Tax Liabilities	9.81	11.22	0.17	0.23	0.51	0.69
Other Long-Term Liabilities	-	-	0.17	0.19	-	0.73
Total Liabilities	556.55	499.16	261.04	338.19	503.45	536.17

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	402.45	402.45	402.45	402.45	402.45	402.45
Additional Paid-In Capital	271.45	-	-	252.6	254.74	275.58
Retained Earnings	530.06	495.64	586.09	726.45	710.82	534.96
Treasury Stock	-	-	-	-27.02	-27.02	-
Comprehensive Income & Other	-2.36	272.26	270.25	-	-	-
Total Common Equity	1,202	1,170	1,259	1,354	1,341	1,213
Minority Interest	37.14	40.51	-	-	-	-
Shareholders' Equity	1,239	1,211	1,259	1,354	1,341	1,213
Total Liabilities & Equity	1,795	1,710	1,520	1,693	1,844	1,749

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	176.9	117.47	49.63	127.97	202.35	284.26
Net Cash (Debt)	381.08	400.35	744.46	1,052	1,289	999.11
Net Cash Growth	-25.98%	-46.22%	-29.25%	-18.37%	29.02%	19.38%
Net Cash Per Share	0.90	0.97	1.83	2.69	3.24	2.47
Filing Date Shares Outstanding	402.45	402.45	402.45	398.79	398.79	402.45
Total Common Shares Outstanding	402.45	402.45	402.45	398.79	398.79	402.45
Working Capital	199.43	165.81	580.91	975.26	1,158	1,004
Book Value Per Share	2.99	2.91	3.13	3.40	3.36	3.01
Tangible Book Value	1,017	977.11	1,183	1,277	1,338	1,209
Tangible Book Value Per Share	2.53	2.43	2.94	3.20	3.36	3.01
Buildings	479.21	479.55	335.95	-	-	-
Machinery	47.89	45.18	17.75	14.7	14.18	13.84
Construction In Progress	152.12	107.24	82.71	184.96	-	-