SHE:002047 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	222.4	305.33	542.93	828.24	929.71	1,458
Cash & Short-Term Investments	222.4	305.33	542.93	828.24	929.71	1,458
Cash Growth	-11.13%	-43.76%	-34.45%	-10.91%	-36.22%	-3.11%
Accounts Receivable	527.22	630.4	297.78	6,066	5,547	7,691
Other Receivables	23.25	27.76	70.94	119.01	196.85	211.33
Receivables	550.46	658.16	368.71	6,185	5,744	7,902
Inventory	22.75	21.1	0.25	27.54	50.59	63.23
Other Current Assets	23.58	5.84	8.56	94.46	255.73	258.95
Total Current Assets	819.19	990.44	920.46	7,135	6,980	9,682
Property, Plant & Equipment	257.14	259	268.15	235.58	165.05	132.32
Long-Term Investments	2.5	2.49	3.85	906.35	906.13	28.38
Goodwill	7.03	7.03	7.41	4.24	4.24	-
Other Intangible Assets	197.15	199.19	207.4	215.83	224.27	232.88
Long-Term Deferred Tax Assets	2.28	2.78	2.58	886.08	796.74	478.61
Long-Term Deferred Charges	15.03	-	0.3	3.19	5.8	7.55
Other Long-Term Assets	-	-	1.36	70.9	49.68	86.89
Total Assets	1,300	1,461	1,412	9,458	9,132	10,649
Accounts Payable	700.53	823.42	585.23	4,234	3,643	4,386
Accrued Expenses	8.6	70.02	53.97	275.86	312.69	324.33
Short-Term Debt	0.61	-	272.14	1,725	1,960	1,707
Current Portion of Long-Term Debt	22.57	19.26	9.65	-	-	-
Current Portion of Leases	-	0.29	-	5.15	9.16	9.92
Current Income Taxes Payable	48.41	2.69	6	0.44	0.58	0.41
Current Unearned Revenue	80.53	97.88	75.18	113.77	253.95	205.68
Other Current Liabilities	126.55	118.74	114.81	2,739	1,699	1,353
Total Current Liabilities	987.8	1,132	1,117	9,093	7,878	7,986
Long-Term Debt	259.54	265.89	290.12	234.39	141.04	68.17
Long-Term Leases	12.27	11.93	10.85	17.34	26.8	31.51
Long-Term Deferred Tax Liabilities	-	-	-	1.03	2.26	-
Total Liabilities	1,260	1,410	1,418	9,346	8,048	8,086
Common Stock	1,516	1,516	1,516	546.27	546.27	371.32
Additional Paid-In Capital	1,995	1,994	1,994	2,192	2,206	1,705
Retained Earnings	-3,478	-3,469	-3,528	-2,705	-1,735	452.99
Treasury Stock	-	-	-	-21.2	-49.21	-69.62
Comprehensive Income & Other	7.53	8.61	10.9	78.36	87.18	70.96
Total Common Equity	40.7	50.79	-6.13	90.76	1,056	2,530
Minority Interest	-	-	-0.32	20.65	27.78	32.89
Shareholders' Equity	40.7	50.79	-6.44	111.4	1,084	2,563
Total Liabilities & Equity	1,300	1,461	1,412	9,458	9,132	10,649
Total Debt	294.99	297.39	582.76	1,982	2,137	1,817
Net Cash (Debt)	-72.59	7.95	-39.83	-1,153	-1,207	-358.92
Net Cash Per Share	-0.06	0.01	-0.03	-0.76	-0.81	-0.27
Filing Date Shares Outstanding	1,516	1,516	1,516	1,605	1,488	1,334
Total Common Shares Outstanding	1,516	1,516	1,516	1,605	1,488	1,334
Working Capital	-168.61	-141.87	-196.53	-1,958	-898.22	1,696
Book Value Per Share	0.03	0.03	-0.00	0.06	0.71	1.90
Tangible Book Value	-163.47	-155.42	-220.94	-129.32	827.3	2,297
Tangible Book Value Per Share	-0.11	-0.10	-0.15	-0.08	0.56	1.72
Buildings	-	258.61	0.42	43.87	36.62	34.89
Machinery	-	1.41	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.