SHE:300026 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	1,676	1,502	1,306	1,574	1,206	1,316
Cash & Short-Term Investments	1,676	1,502	1,306	1,574	1,206	1,316
Cash Growth	26.32%	15.00%	-17.00%	30.46%	-8.34%	16.89%
Accounts Receivable	2,461	2,572	2,825	2,892	3,546	3,694
Other Receivables	28.1	33.61	38.34	50.09	49.94	59.23
Receivables	2,489	2,606	2,864	2,942	3,596	3,753
Inventory	1,351	1,371	1,749	1,961	2,214	1,305
Prepaid Expenses	17.63	13.55	12.5	13.25	32.11	16.77
Other Current Assets	233.42	224.12	217.18	230.06	336.93	416.22
Total Current Assets	5,767	5,717	6,149	6,720	7,385	6,806
Property, Plant & Equipment	2,859	2,953	3,149	3,242	3,322	2,901
Long-Term Investments	174.02	178.84	235.58	247.62	244.03	272.82
Goodwill	629.39	635.6	675.2	692.54	716.05	716.05
Other Intangible Assets	247.85	267.14	298.45	331.11	352.73	313.68
Long-Term Accounts Receivable	5.21	5.21	26.39	46.37	94.1	115.01
Long-Term Deferred Tax Assets	235.17	223.41	222.17	129.29	140.56	108.16
Long-Term Deferred Charges	386.74	393.54	386.75	402.6	327.29	311.53
Other Long-Term Assets	24.26	18.02	22.77	23.14	77.68	62.51
Total Assets	10,328	10,392	11,165	11,835	12,660	11,607

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	528.66	449.97	678.15	713.45	884.77	605
Accrued Expenses	230.47	268.52	299.23	184.08	444.37	519.36
Short-Term Debt	31.98	14.85	16.24	23.18	231.47	293.79
Current Portion of Long-Term Debt	72.51	116.65	150.25	167.67	380.77	100.02
Current Portion of Leases	42.01	36.75	45.25	25.88	55.07	45.86
Current Income Taxes Payable	6.88	10.27	19.4	20.61	9.82	15.12
Current Unearned Revenue	70.68	52.03	63.97	76.27	208.03	137.56
Other Current Liabilities	336.11	332.6	348.67	353.7	463.6	341.56
Total Current Liabilities	1,319	1,282	1,621	1,565	2,678	2,058
Long-Term Debt	143.51	260.59	529.17	1,257	1,345	1,458
Long-Term Leases	96.23	102.25	111.16	59.42	78.12	67.07
Long-Term Unearned Revenue	57.56	62.03	65.56	62.56	62.04	67.55
Long-Term Deferred Tax Liabilities	28.61	31.28	39.52	23.2	33.81	3.95
Total Liabilities	1,645	1,738	2,367	2,967	4,197	3,655

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	3,004	3,004	3,004	3,004	3,004	3,004
Additional Paid-In Capital	589.89	589.89	589.89	589.49	589.49	589.49
Retained Earnings	5,019	4,971	5,043	5,112	4,695	4,199
Comprehensive Income & Other	-54.39	-48.79	6.83	4.75	0.86	-19.98
Total Common Equity	8,559	8,517	8,644	8,710	8,290	7,773
Minority Interest	124.05	137.68	154.66	157.7	172.87	179.49
Shareholders' Equity	8,683	8,654	8,799	8,868	8,463	7,952
Total Liabilities & Equity	10,328	10,392	11,165	11,835	12,660	11,607

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	386.24	531.1	852.07	1,533	2,091	1,965
Net Cash (Debt)	1,289	971.06	454.12	40.24	-884.45	-648.87
Net Cash Growth	96.19%	113.83%	1028.45%	-	-	-
Net Cash Per Share	0.70	0.53	0.21	0.01	-0.30	-0.22
Filing Date Shares Outstanding	3,004	3,004	3,004	3,004	3,004	3,004
Total Common Shares Outstanding	3,004	3,004	3,004	3,004	3,004	3,004
Working Capital	4,448	4,435	4,528	5,155	4,707	4,748
Book Value Per Share	2.85	2.83	2.88	2.90	2.76	2.59
Tangible Book Value	7,682	7,614	7,670	7,686	7,221	6,743
Tangible Book Value Per Share	2.56	2.53	2.55	2.56	2.40	2.24
Buildings	1,979	2,000	1,986	1,988	1,730	1,651
Machinery	2,536	2,552	2,544	2,514	2,155	1,852
Construction In Progress	175.31	130.89	104.19	54.11	461.01	232.93