SHE:000978 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	166.39	48.15	61.55	38.94	69.68
Trading Asset Securities	-	-	-	1.87	-
Cash & Short-Term Investments	166.39	48.15	61.55	40.8	69.68
Cash Growth	245.58%	-21.77%	50.83%	-41.44%	50.06%
Accounts Receivable	40.53	59.39	65.05	57.87	61.62
Other Receivables	41.24	70.93	76.64	4.03	7.7
Receivables	81.78	106.11	118.57	86.24	143.48
Inventory	4.54	4.61	5.58	6.09	5.27
Prepaid Expenses	-	1.05	1.4	1.51	1.86
Other Current Assets	19.94	20.61	18.41	32.67	38.37
Total Current Assets	272.65	180.52	205.51	167.32	258.66
Property, Plant & Equipment	948.73	1,043	1,192	1,020	1,080
Long-Term Investments	402.84	454.87	477.59	472.41	491.85
Goodwill	19.05	19.05	19.05	19.05	19.05
Other Intangible Assets	321.06	341.29	361.89	376.48	395.91
Long-Term Deferred Tax Assets	3.81	3.48	11.46	11.23	9.06
Long-Term Deferred Charges	38.4	5.04	18.35	20.73	19.93
Other Long-Term Assets	163.28	110.33	56.12	274.74	281.28
Total Assets	2,170	2,157	2,342	2,362	2,556
Accounts Payable	101.92	108.72	71.49	69.98	70.19
Accrued Expenses	30.55	33.83	47.26	37.15	42.23
Short-Term Debt	-	6.43	6.74	108.14	38.26
Current Portion of Long-Term Debt	130.61	179.12	166.33	300.42	399.94
Current Portion of Leases	-	0.13	0.91	2.35	2.25
Current Income Taxes Payable	4.91	2.05	0.87	0.22	0.22
Current Unearned Revenue	8.76	5.98	5.36	5.29	6.12
Other Current Liabilities	45.3	42.68	40.16	30.8	31.75
Total Current Liabilities	322.06	378.93	339.12	554.35	590.96
Long-Term Debt	713.35	644.15	672.5	476.86	796.05
Long-Term Leases	1.66	1.34	1.33	2.5	4.48
Long-Term Unearned Revenue	49.35	55.26	44.41	44.74	44.4
Long-Term Deferred Tax Liabilities	0.34	0.2	1.37	1.5	-
Total Liabilities	1,087	1,080	1,059	1,080	1,436
Common Stock	468.13	468.13	468.13	468.13	360.1
Additional Paid-In Capital	1,329	1,329	1,329	1,329	971.2
Retained Earnings	-713.92	-724.95	-520.49	-509.39	-227.52
Comprehensive Income & Other	-0.03	-0.03	-0.03	-	-
Total Common Equity	1,083	1,072	1,276	1,287	1,104
Minority Interest	0.03	5.31	7.19	-5.28	16.41
Shareholders' Equity	1,083	1,077	1,284	1,282	1,120
Total Liabilities & Equity	2,170	2,157	2,342	2,362	2,556
Total Debt	845.62	831.17	847.8	890.27	1,241
Net Cash (Debt)	-679.23	-783.02	-786.26	-849.47	-1,171
Net Cash Per Share	-1.45	-1.67	-1.68	-2.05	-3.25
Filing Date Shares Outstanding	458.07	468.13	468.13	468.13	360.1
Total Common Shares Outstanding	458.07	468.13	468.13	468.13	360.1
Working Capital	-49.41	-198.41	-133.61	-387.03	-332.3
Book Value Per Share	2.36	2.29	2.73	2.75	3.07
Tangible Book Value	742.91	711.65	895.52	891.97	688.81
Tangible Book Value Per Share	1.62	1.52	1.91	1.91	1.91
Buildings	-	1,416	1,314	1,056	1,065
Machinery	-	654.51	648.05	670.73	673.29
Construction In Progress	-	22.85	250.02	234.67	217.86

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