SHE:002047 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	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	305.33	542.93	828.24	929.71	1,458
Cash & Short-Term Investments	305.33	542.93	828.24	929.71	1,458
Cash Growth	-43.76%	-34.45%	-10.91%	-36.22%	-3.11%
Accounts Receivable	630.4	297.78	6,066	5,547	7,691
Other Receivables	4.13	61.87	119.01	196.85	211.33
Receivables	634.53	359.65	6,185	5,744	7,902
Inventory	21.1	0.25	27.54	50.59	63.23
Other Current Assets	29.47	17.63	94.46	255.73	258.95
Total Current Assets	990.44	920.46	7,135	6,980	9,682
Property, Plant & Equipment	259	268.15	235.58	165.05	132.32
Long-Term Investments	2.49	3.85	906.35	906.13	28.38
Goodwill	7.03	7.41	4.24	4.24	-
Other Intangible Assets	199.19	207.4	215.83	224.27	232.88
Long-Term Deferred Tax Assets	2.78	2.58	886.08	796.74	478.61
Long-Term Deferred Charges	-	0.3	3.19	5.8	7.55
Other Long-Term Assets	-	1.36	70.9	49.68	86.89
Total Assets	1,461	1,412	9,458	9,132	10,649
Accounts Payable	823.42	585.23	4,234	3,643	4,386
Accrued Expenses	8.24	53.97	275.86	312.69	324.33
Short-Term Debt	-	272.14	1,725	1,960	1,707
Current Portion of Long-Term Debt	19.56	9.65	-	-	-
Current Portion of Leases	-	-	5.15	9.16	9.92
Current Income Taxes Payable	63.66	6	0.44	0.58	0.41
Current Unearned Revenue	97.88	75.18	113.77	253.95	205.68
Other Current Liabilities	119.54	114.81	2,739	1,699	1,353
Total Current Liabilities	1,132	1,117	9,093	7,878	7,986
Long-Term Debt	265.89	290.12	234.39	141.04	68.17
Long-Term Leases	11.93	10.85	17.34	26.8	31.51
Long-Term Deferred Tax Liabilities	-	-	1.03	2.26	-
Total Liabilities	1,410	1,418	9,346	8,048	8,086
Common Stock	1,516	1,516	546.27	546.27	371.32
Additional Paid-In Capital	1,994	1,994	2,192	2,206	1,705
Retained Earnings	-3,469	-3,528	-2,705	-1,735	452.99
Treasury Stock	-	-	-21.2	-49.21	-69.62
Comprehensive Income & Other	8.61	10.9	78.36	87.18	70.96
Total Common Equity	50.79	-6.13	90.76	1,056	2,530
Minority Interest	-	-0.32	20.65	27.78	32.89
Shareholders' Equity	50.79	-6.44	111.4	1,084	2,563
Total Liabilities & Equity	1,461	1,412	9,458	9,132	10,649
Total Debt	297.39	582.76	1,982	2,137	1,817
Net Cash (Debt)	7.95	-39.83	-1,153	-1,207	-358.92
Net Cash Per Share	0.01	-0.03	-0.76	-0.81	-0.27
Filing Date Shares Outstanding	858.68	1,516	1,605	1,488	1,334
Total Common Shares Outstanding	858.68	1,516	1,605	1,488	1,334
Working Capital	-141.87	-196.53	-1,958	-898.22	1,696
Book Value Per Share	0.06	-0.00	0.06	0.71	1.90
Tangible Book Value	-155.42	-220.94	-129.32	827.3	2,297
Tangible Book Value Per Share	-0.18	-0.15	-0.08	0.56	1.72
Buildings	-	0.42	43.87	36.62	34.89
Machinery	-	1.28	41.08	48.34	52.66
Construction In Progress	-	258.19	172.61	96.4	53.31

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