SHE:002425 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	Dec '21 Dec 31, 2021
Cash & Equivalents	85.06	90.88	175.25	214.71	282.34	498.58
Trading Asset Securities	43	30	-	100	150	100
Cash & Short-Term Investments	128.06	120.88	175.25	314.71	432.34	598.58
Cash Growth	-27.86%	-31.02%	-44.31%	-27.21%	-27.77%	377.13%
Accounts Receivable	418.38	317.98	257.64	339.62	453.48	536.44
Other Receivables	7.23	6.55	2.96	39.23	79.54	190.65
Receivables	425.61	324.52	260.59	378.85	533.02	727.09
Other Current Assets	128.05	138.96	227.6	160.6	228.91	241.96
Total Current Assets	681.72	584.37	663.44	854.17	1,194	1,568
Property, Plant & Equipment	6.56	7.66	14.53	22.07	23.21	30.59
Long-Term Investments	173.91	166.81	248.51	335.56	535.04	639.01
Goodwill	1,274	1,274	1,391	1,540	1,878	2,134
Other Intangible Assets	190.87	196.43	313.93	304.02	239.65	286.69
Long-Term Deferred Tax Assets	163.93	164.7	154.33	170.79	154.4	152.93
Long-Term Deferred Charges	79.74	130.25	224.21	249.89	206.87	201.92
Other Long-Term Assets	326.79	326.79	414.16	643.43	806.47	835.56
Total Assets	2,898	2,851	3,424	4,119	5,037	5,849
Accounts Payable	132.83	121.5	98.46	200.59	155.6	156.4
Accrued Expenses	10.97	8.18	10.31	13.06	14.64	18.61
Short-Term Debt	123.53	78.3	91.52	138.56	171.8	259.96
Current Portion of Long-Term Debt	2.65	3.74	-	-	-	-
Current Portion of Leases	-	-	5.73	6.97	7.29	8.54
Current Income Taxes Payable	1.51	2.13	0.12	0.19	0.31	0.12
Current Unearned Revenue	51.12	55.13	121.86	114.46	109.39	87.36
Other Current Liabilities	52.32	72	22.93	18.88	26.56	26.38
Total Current Liabilities	374.94	340.98	350.92	492.71	485.6	557.36
Long-Term Leases	1.28	1.56	5.77	9.57	8.07	12.52
Long-Term Deferred Tax Liabilities	23.51	22.82	28.01	36.54	54.24	44.98
Other Long-Term Liabilities	19.33	19.33	10.37	9.47	-	-
Total Liabilities	419.06	384.68	395.07	548.29	547.91	614.86
Common Stock	956.67	956.67	956.67	956.67	956.67	956.67
Additional Paid-In Capital	2,808	2,806	2,817	2,817	2,817	2,817
Retained Earnings	-1,287	-1,299	-740.85	-213.19	626.56	1,268
Treasury Stock	-	-	-50.1	-50.1	-50.1	-21.57
Comprehensive Income & Other	2.15	3.28	4.01	3.09	1.94	-4.06
Total Common Equity	2,480	2,467	2,987	3,514	4,352	5,017
Minority Interest	-1.06	-0.71	42.28	57.56	137.33	217.25
Shareholders' Equity	2,479	2,466	3,029	3,571	4,490	5,234
Total Liabilities & Equity	2,898	2,851	3,424	4,119	5,037	5,849
Total Debt	127.47	83.59	103.02	155.1	187.17	281.02
Net Cash (Debt)	0.59	37.29	72.23	159.61	245.17	317.56
Net Cash Growth	-99.30%	-48.38%	-54.75%	-34.90%	-22.80%	-
Net Cash Per Share	0.00	0.04	0.08	0.17	0.26	0.35
Filing Date Shares Outstanding	956.04	957.94	948.04	948.04	948.04	953.67
Total Common Shares Outstanding	956.04	957.94	948.04	948.04	948.04	953.67
Working Capital	306.78	243.39	312.51	361.46	708.67	1,010
Book Value Per Share	2.59	2.58	3.15	3.71	4.59	5.26
Tangible Book Value	1,015	996.6	1,282	1,670	2,235	2,596
Tangible Book Value Per Share	1.06	1.04	1.35	1.76	2.36	2.72
Buildings	-	-	0.83	0.83	0.83	0.83
Machinery	-	-	30.51	31.16	31.2	30.21

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