SHE:002357 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

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	159.29	154.41	192.83	234.67	79.71	106.93
Cash & Short-Term Investments	159.29	154.41	192.83	234.67	79.71	106.93
Cash Growth	-21.86%	-19.92%	-17.83%	194.42%	-25.46%	-23.25%
Accounts Receivable	75.39	61.13	78.69	98.91	133.04	75.43
Other Receivables	25.28	21.96	32.21	40.2	36.15	29.3
Receivables	100.67	83.1	110.9	139.11	169.2	104.73
Inventory	1.18	0.98	0.64	1.11	1.31	1.56
Prepaid Expenses	-	0	0	0	0.01	0.22
Other Current Assets	308.82	308.81	42.26	35.64	47.43	37.5
Total Current Assets	569.96	547.3	346.63	410.53	297.64	250.93
Property, Plant & Equipment	577.63	590.92	636.45	637.73	688.81	618.19
Long-Term Investments	1,498	1,448	1,304	1,176	1,094	1,054
Goodwill	1.7	1.7	89.76	89.76	102.76	106.27
Other Intangible Assets	150.47	152.02	171.55	178.95	188.08	204.29
Long-Term Accounts Receivable	0.51	0.61	0.16	0.53	1.43	1.78
Long-Term Deferred Tax Assets	13.44	12.72	24.19	18.63	26.89	34.58
Long-Term Deferred Charges	23.16	22.2	12.62	8.87	8.91	10.72
Other Long-Term Assets	189.01	188.61	303.51	322.48	310.59	323.48
Total Assets	3,024	2,964	2,889	2,843	2,720	2,605

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
Accounts Payable	92.68	96.44	75.74	93.53	72.02	69.84
Accrued Expenses	30.89	43.54	53.63	57.37	51.16	48.11
Short-Term Debt	265.47	366.72	496.53	451.45	398.68	327.93
Current Portion of Long-Term Debt	150.88	141.6	1	1	51	59
Current Portion of Leases	-	2.09	1.02	1.44	0.52	0.92
Current Income Taxes Payable	8.91	3.35	13.73	6.47	1.65	1.2
Current Unearned Revenue	2.22	2.52	4.83	6.76	24.32	24.1
Other Current Liabilities	406.84	307.88	300.03	347.78	344.13	295.64
Total Current Liabilities	957.89	964.14	946.5	965.8	943.49	826.73
Long-Term Debt	10.41	10.41	46.91	47.91	48.91	99.91
Long-Term Leases	4.63	4.29	12.41	58.61	72.22	25.54
Long-Term Unearned Revenue	125.51	125.1	133.21	143.43	151.27	153.2
Long-Term Deferred Tax Liabilities	45.25	46.05	60.39	75.84	100.13	98.04
Other Long-Term Liabilities	10.66	11.21	13.41	12.31	16.06	15.72
Total Liabilities	1,154	1,161	1,213	1,304	1,332	1,219

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
Common Stock	313.49	313.49	313.49	313.49	313.49	313.49
Additional Paid-In Capital	188.01	188.01	184.01	178.29	186.92	186.82
Retained Earnings	1,226	1,160	1,036	929.43	778.95	757.47
Comprehensive Income & Other	42.5	41.77	62.26	39.27	28.44	44.17
Total Common Equity	1,770	1,704	1,596	1,460	1,308	1,302
Minority Interest	99.35	99.27	80.38	79.1	79.71	83.57
Shareholders' Equity	1,869	1,803	1,676	1,540	1,388	1,386
Total Liabilities & Equity	3,024	2,964	2,889	2,843	2,720	2,605

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
Total Debt	431.39	525.11	557.86	560.42	571.33	513.3
Net Cash (Debt)	-272.1	-370.7	-365.04	-325.75	-491.62	-406.37
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.87	-1.18	-1.16	-1.04	-1.57	-1.30
Filing Date Shares Outstanding	313.49	313.49	313.49	313.49	313.49	313.49
Total Common Shares Outstanding	313.49	313.49	313.49	313.49	313.49	313.49
Working Capital	-387.93	-416.84	-599.87	-555.28	-645.84	-575.8
Book Value Per Share	5.65	5.43	5.09	4.66	4.17	4.15
Tangible Book Value	1,618	1,550	1,334	1,192	1,017	991.4
Tangible Book Value Per Share	5.16	4.94	4.26	3.80	3.24	3.16
Buildings	-	340.72	378.66	376.66	389.42	400.59
Machinery	-	1,182	1,212	1,176	1,149	1,045
Construction In Progress	-	-	-	-	-	0.1