SHE:002123 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	909.12	871.93	1,016	1,050	1,429	750.69
Trading Asset Securities	0.21	0.21	0.21	9.63	61.85	69.72
Cash & Short-Term Investments	909.33	872.15	1,016	1,060	1,491	820.42
Cash Growth	-10.74%	-14.19%	-4.11%	-28.89%	81.69%	-41.67%
Accounts Receivable	1,138	1,054	1,611	1,994	1,618	1,506
Other Receivables	84.74	71.97	90.07	95.74	140.63	276.92
Receivables	1,223	1,126	1,701	2,090	1,759	1,782
Inventory	0.21	0.08	-	-	-	-
Other Current Assets	298.27	290.92	366.35	314.2	303.09	239.5
Total Current Assets	2,431	2,289	3,084	3,464	3,553	2,842
Property, Plant & Equipment	312.66	316.24	323.89	342.08	359.49	375.79
Long-Term Investments	253.76	253.04	249.12	232.89	357.98	308.61
Goodwill	-	-	-	-	1,608	2,232
Other Intangible Assets	192.43	195.79	203.64	213.31	227.93	244.24
Long-Term Deferred Tax Assets	27.15	26.3	23.98	25.21	20.43	17.3
Long-Term Deferred Charges	11.26	12.16	17.45	16.33	20.91	20.01
Other Long-Term Assets	10.81	10.81	54.08	55.63	139.26	200.02
Total Assets	3,239	3,104	3,956	4,350	6,287	6,240
Accounts Payable	354.64	317.3	617.72	451.51	429.74	422.19
Accrued Expenses	33.3	59.42	40.07	64.96	61.04	60.93
Short-Term Debt	945	780.43	1,181	1,741	1,901	1,154
Current Portion of Long-Term Debt	30.29	31.6	-	-	-	-
Current Portion of Leases	-	-	0.76	2.97	-	-
Current Income Taxes Payable	11.23	9.08	2.08	0.99	2.58	13.8
Current Unearned Revenue	69.68	70.38	72.28	68.99	78.46	67.36
Other Current Liabilities	29.85	38.22	94.26	181.61	165.65	109.5
Total Current Liabilities	1,474	1,306	2,008	2,512	2,639	1,828
Long-Term Debt	163.23	166.65	209.29	192.17	204.92	179.01
Long-Term Leases	2.84	3.28	4.37	4.39	11.22	3.13
Long-Term Unearned Revenue	-	-	0	1.41	3.13	5.35
Long-Term Deferred Tax Liabilities	11.4	11.34	9.51	8.76	4.23	2.74
Other Long-Term Liabilities	1.9	1.9	-	-	-	-
Total Liabilities	1,653	1,490	2,231	2,719	2,862	2,018
Common Stock	805.42	805.42	800.59	800.4	802.2	802.2
Additional Paid-In Capital	2,538	2,538	2,488	2,467	2,432	2,472
Retained Earnings	-1,744	-1,700	-1,497	-1,535	307.86	1,030
Treasury Stock	-45.52	-45.52	-45.52	-64.77	-120.57	-95.95
Comprehensive Income & Other	-32.44	-32.79	-35.47	-42.11	3.15	-0.25
Total Common Equity	1,522	1,565	1,711	1,625	3,425	4,208
Minority Interest	63.55	48.64	13.6	5.34	-0.13	13.21
Shareholders' Equity	1,585	1,614	1,725	1,631	3,425	4,222
Total Liabilities & Equity	3,239	3,104	3,956	4,350	6,287	6,240
Total Debt	1,141	981.96	1,395	1,941	2,117	1,336
Net Cash (Debt)	-232.03	-109.82	-378.84	-880.76	-626.72	-516.07
Net Cash Per Share	-0.25	-0.14	-0.50	-1.07	-0.78	-0.63
Filing Date Shares Outstanding	879.69	712.47	800.59	800.4	802.2	802.2
Total Common Shares Outstanding	879.69	712.47	800.59	800.4	802.2	802.2
Working Capital	956.54	982.75	1,076	951.95	913.98	1,014
Book Value Per Share	1.73	2.20	2.14	2.03	4.27	5.25
Tangible Book Value	1,329	1,369	1,507	1,412	1,589	1,733
Tangible Book Value Per Share	1.51	1.92	1.88	1.76	1.98	2.16
Buildings	-	-	355.67	355.84	357.79	146.82
Machinery	-	-	105.92	105.67	99.73	97.37
Construction In Progress	-	-	-	-	-	215.36

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