SHE:002031 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	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	49.82	85.39	201.52	387.95	208.62	144.36
Cash & Short-Term Investments	49.82	85.39	201.52	387.95	208.62	144.36
Cash Growth	-88.90%	-57.63%	-48.05%	85.96%	44.51%	-48.89%
Accounts Receivable	288.86	332.7	374.59	335.56	356.02	396.15
Other Receivables	158.02	186.82	220.65	308.41	205.03	125.26
Receivables	446.89	519.52	595.24	693.47	967.58	950.49
Inventory	299.88	285.58	397.94	326.37	360.11	532.81
Other Current Assets	504.41	425.14	557.39	194.58	28.76	89.39
Total Current Assets	1,301	1,316	1,752	1,602	1,565	1,717
Property, Plant & Equipment	1,355	1,385	1,814	1,926	1,845	1,496
Long-Term Investments	89.68	92.84	108.16	38.75	49.46	45.47
Other Intangible Assets	226.46	228.82	241.21	192.63	198.1	213.55
Long-Term Deferred Tax Assets	86.12	86.12	78.37	63.22	65.92	54.68
Long-Term Deferred Charges	5.39	6.17	1.18	0.89	1.34	2.62
Other Long-Term Assets	718.66	698.53	223.99	359.76	241.87	300.82
Total Assets	3,782	3,834	4,237	4,197	4,388	4,646
Accounts Payable	394.74	398.43	337.94	240.65	272.26	370.11
Accrued Expenses	29.32	27.43	20.56	18	15.26	29.99
Short-Term Debt	731.92	736.3	787.37	745.76	888.38	1,085
Current Portion of Long-Term Debt	281.47	186.16	81.22	60.83	43.56	1.89
Current Portion of Leases	-	107.69	68.39	25.69	15.61	19.06
Current Income Taxes Payable	2.17	0.6	-	0.48	1.03	0.65
Current Unearned Revenue	148.89	126.56	221.41	106.19	141.16	209.81
Other Current Liabilities	25.81	19.28	37.47	7.43	10.16	19.93
Total Current Liabilities	1,614	1,602	1,554	1,205	1,387	1,736
Long-Term Debt	191.9	214.5	365.4	399.5	388.07	300.18
Long-Term Leases	-	-	11.47	31.85	9.81	26.8
Long-Term Unearned Revenue	34.75	34.93	37.24	27.95	35.8	44.04
Long-Term Deferred Tax Liabilities	0.59	0.59	0.68	1.3	3.79	2.05
Other Long-Term Liabilities	2.08	2.11	48.56	96.41	96.41	96.41
Total Liabilities	1,844	1,855	2,018	1,762	1,921	2,206
Common Stock	2,199	2,199	2,199	2,199	2,199	2,199
Additional Paid-In Capital	39.8	39.8	39.8	39.8	39.8	39.8
Retained Earnings	-263.19	-227.35	4.86	213.42	246.22	208.41
Comprehensive Income & Other	-35.2	-31.16	-25.93	-22.66	-26.89	-20.72
Total Common Equity	1,941	1,981	2,218	2,430	2,459	2,427
Minority Interest	-2.2	-1.38	1.39	5.44	7.89	13.38
Shareholders' Equity	1,939	1,979	2,220	2,435	2,466	2,440
Total Liabilities & Equity	3,782	3,834	4,237	4,197	4,388	4,646
Total Debt	1,205	1,245	1,314	1,264	1,345	1,433
Net Cash (Debt)	-1,155	-1,159	-1,112	-875.69	-1,137	-1,288
Net Cash Per Share	-0.53	-0.53	-0.51	-0.40	-0.52	-0.59
Filing Date Shares Outstanding	2,199	2,199	2,199	2,199	2,199	2,199
Total Common Shares Outstanding	2,199	2,199	2,199	2,199	2,199	2,199
Working Capital	-313.33	-286.83	197.75	397.33	177.65	-19.31
Book Value Per Share	0.88	0.90	1.01	1.10	1.12	1.10
Tangible Book Value	1,714	1,752	1,977	2,237	2,260	2,213
Tangible Book Value Per Share	0.78	0.80	0.90	1.02	1.03	1.01
Land	-	0.95	0.97	0.95	0.94	7.6
Buildings	-	1,171	1,549	1,554	937.92	949.46
Machinery	-	1,502	1,337	1,323	1,321	1,353
Construction In Progress	-	164.22	309.84	408.49	841.64	443.18