SHE:000978 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	144.23	166.39	47.87	61.25	38.94	69.68
Trading Asset Securities	-	-	-	-	1.87	-
Cash & Short-Term Investments	144.23	166.39	47.87	61.25	40.8	69.68
Cash Growth	152.11%	247.62%	-21.85%	50.09%	-41.44%	50.06%
Accounts Receivable	60.46	40.53	59.39	65.05	57.87	61.62
Other Receivables	42.73	41.24	52.35	59.09	4.03	7.7
Receivables	103.2	81.78	111.73	124.13	86.24	143.48
Inventory	4.34	4.54	4.61	5.58	6.09	5.27
Prepaid Expenses	-	13.07	13.62	1.4	1.51	1.86
Other Current Assets	17.79	6.88	2.7	13.15	32.67	38.37
Total Current Assets	269.57	272.65	180.52	205.51	167.32	258.66
Property, Plant & Equipment	932.51	946.01	1,043	1,192	1,020	1,080
Long-Term Investments	402.65	525.5	548.66	477.59	472.41	491.85
Goodwill	19.05	19.05	19.05	19.05	19.05	19.05
Other Intangible Assets	315.66	342.22	341.29	361.89	376.48	395.91
Long-Term Deferred Tax Assets	3.79	3.81	3.48	11.46	11.23	9.06
Long-Term Deferred Charges	37.51	38.4	5.04	18.35	20.73	19.93
Other Long-Term Assets	169.58	22.17	16.54	56.12	274.74	281.28
Total Assets	2,150	2,170	2,157	2,342	2,362	2,556
Accounts Payable	100.15	101.92	108.72	71.49	69.98	70.19
Accrued Expenses	8.16	35.87	33.83	47.26	37.15	42.23
Short-Term Debt	-	5.15	6.43	6.74	108.14	38.26
Current Portion of Long-Term Debt	152.03	130.24	179.12	166.33	300.42	399.94
Current Portion of Leases	-	0.37	0.13	0.91	2.35	2.25
Current Income Taxes Payable	6.65	2.81	2.05	0.87	0.22	0.22
Current Unearned Revenue	10.06	8.76	5.98	5.36	5.29	6.12
Other Current Liabilities	40.79	36.94	42.68	40.16	30.8	31.75
Total Current Liabilities	317.84	322.06	378.93	339.12	554.35	590.96
Long-Term Debt	709.15	713.35	644.15	672.5	476.86	796.05
Long-Term Leases	1.6	1.66	1.34	1.33	2.5	4.48
Long-Term Unearned Revenue	50.99	49.35	55.26	44.41	44.74	44.4
Long-Term Deferred Tax Liabilities	0.34	0.34	0.2	1.37	1.5	-
Total Liabilities	1,080	1,087	1,080	1,059	1,080	1,436
Common Stock	468.13	468.13	468.13	468.13	468.13	360.1
Additional Paid-In Capital	1,329	1,329	1,329	1,329	1,329	971.2
Retained Earnings	-725.75	-713.92	-724.95	-520.49	-509.39	-227.52
Comprehensive Income & Other	-0.03	-0.03	-0.03	-0.03	-	-
Total Common Equity	1,071	1,083	1,072	1,276	1,287	1,104
Minority Interest	-0.82	0.03	5.31	7.19	-5.28	16.41
Shareholders' Equity	1,070	1,083	1,077	1,284	1,282	1,120
Total Liabilities & Equity	2,150	2,170	2,157	2,342	2,362	2,556
Total Debt	862.78	850.77	831.17	847.8	890.27	1,241
Net Cash (Debt)	-718.54	-684.38	-783.3	-786.56	-849.47	-1,171
Net Cash Per Share	-1.53	-1.46	-1.67	-1.68	-2.05	-3.25
Filing Date Shares Outstanding	473.26	468.13	468.13	468.13	468.13	360.1
Total Common Shares Outstanding	473.26	468.13	468.13	468.13	468.13	360.1
Working Capital	-48.28	-49.41	-198.41	-133.61	-387.03	-332.3
Book Value Per Share	2.26	2.31	2.29	2.73	2.75	3.07
Tangible Book Value	736.49	721.76	711.65	895.52	891.97	688.81
Tangible Book Value Per Share	1.56	1.54	1.52	1.91	1.91	1.91
Buildings	-	1,388	1,416	1,314	1,056	1,065
Machinery	-	623.59	654.35	648.05	670.73	673.29
Construction In Progress	-	1.47	22.85	250.02	234.67	217.86

Source: S&P Global Market Intelligence. Standard template. Financial Sources.