SHE:300017 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	1,692	1,895	2,035	1,832	2,470	1,017
Short-Term Investments	149.69	739.32	2,013	246.98	428.26	1,204
Trading Asset Securities	5,537	5,251	3,923	2,453	2,243	3,650
Cash & Short-Term Investments	7,379	7,885	7,972	4,531	5,141	5,871
Cash Growth	-11.69%	-1.08%	75.92%	-11.86%	-12.42%	54.52%
Accounts Receivable	1,266	1,174	1,139	1,103	1,230	1,373
Other Receivables	4.6	7.37	22.31	9.7	13.4	13.28
Receivables	1,270	1,181	1,162	1,112	1,243	1,386
Inventory	2.14	1.03	6.46	13.48	30.52	12.15
Prepaid Expenses	1.23	0.36	0.28	0.23	3.23	0.5
Other Current Assets	51.44	54.27	87.95	68.44	54.84	126.96
Total Current Assets	8,704	9,122	9,228	5,726	6,473	7,396
Property, Plant & Equipment	809.32	767.64	780.51	933.67	1,191	1,490
Long-Term Investments	1,815	1,632	1,595	3,746	2,274	1,121
Other Intangible Assets	42.73	28.05	31.87	44.97	80.46	164.22
Long-Term Deferred Tax Assets	47.7	21.39	31.18	42.13	60.22	57.17
Long-Term Deferred Charges	69.6	75.68	86.61	100.51	117.79	51.44
Other Long-Term Assets	288.95	282.79	338.57	375	306.87	293.22
Total Assets	11,777	11,930	12,092	10,969	10,503	10,573

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	730.72	665.54	643.53	568.02	748.28	705.54
Accrued Expenses	106.24	260.57	291.12	252.27	239.33	197.91
Short-Term Debt	343.93	379.09	790.24	80.07	144.76	503.86
Current Portion of Leases	13	11.83	17.63	22.11	21.93	-
Current Income Taxes Payable	42.24	53.44	28.37	24.29	11.8	8.13
Current Unearned Revenue	77.88	88.56	92.65	87.08	95.19	95.42
Other Current Liabilities	39.86	56.64	59.28	66.87	85.23	116.16
Total Current Liabilities	1,354	1,516	1,923	1,101	1,347	1,627
Long-Term Leases	19.63	15.29	24.92	40.25	43.61	62.03
Long-Term Unearned Revenue	12.11	15.61	22.1	34.33	34.07	40.55
Long-Term Deferred Tax Liabilities	1.18	1.57	2.08	2.9	4.49	4.66
Other Long-Term Liabilities	2.52	2.72	2	1.75	0.65	0.28
Total Liabilities	1,389	1,551	1,974	1,180	1,429	1,735

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	2,496	2,459	2,444	2,437	2,437	2,447
Additional Paid-In Capital	3,087	2,789	2,506	2,425	2,338	2,356
Retained Earnings	4,901	5,177	4,991	4,941	4,449	4,382
Treasury Stock	-	-	-8.45	-105.79	-127.35	-135.69
Comprehensive Income & Other	-95.27	-45.77	-41.37	-71.04	-76.9	-210.27
Total Common Equity	10,389	10,380	9,891	9,626	9,019	8,839
Minority Interest	-0.76	-0.84	226.74	162.75	54.27	0.01
Shareholders' Equity	10,388	10,379	10,118	9,789	9,073	8,839
Total Liabilities & Equity	11,777	11,930	12,092	10,969	10,503	10,573

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	376.56	406.21	832.8	142.42	210.31	565.89
Net Cash (Debt)	7,002	7,479	7,139	4,389	4,931	5,305
Net Cash Growth	-3.43%	4.76%	62.66%	-10.99%	-7.05%	45.17%
Net Cash Per Share	2.78	2.99	2.86	1.79	2.07	2.25
Filing Date Shares Outstanding	2,496	2,459	2,443	2,420	2,420	2,439
Total Common Shares Outstanding	2,496	2,459	2,443	2,420	2,420	2,439
Working Capital	7,350	7,607	7,305	4,625	5,127	5,769
Book Value Per Share	4.16	4.22	4.05	3.98	3.73	3.62
Tangible Book Value	10,346	10,352	9,859	9,581	8,939	8,675
Tangible Book Value Per Share	4.15	4.21	4.04	3.96	3.69	3.56
Buildings	203.97	214.88	215.34	224.58	221.29	252.19
Machinery	2,234	2,182	2,144	2,202	2,553	2,378
Construction In Progress	81	30.11	18.21	15.48	41.61	300.19