SHE:002607 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	107.8	77.75	293.04	378.48	385.33	1,970
Short-Term Investments	-	-	-	-	-	217.16
Trading Asset Securities	4.01	0.01	2.61	-	-	346.73
Cash & Short-Term Investments	111.81	77.76	295.65	378.48	385.33	2,534
Cash Growth	-12.74%	-73.70%	-21.88%	-1.78%	-84.80%	-72.52%
Accounts Receivable	12.29	14.69	27.55	32.32	37.32	40.37
Other Receivables	148.78	125.22	235.46	81.2	193.62	-
Receivables	161.07	139.91	263.01	113.52	230.94	40.37
Inventory	33.71	4.48	-	-	-	-
Prepaid Expenses	-	-	-	-	4.32	10.26
Other Current Assets	13.63	5.55	2.06	3.51	0.8	30.48
Total Current Assets	320.22	227.7	560.71	495.51	621.39	2,615
Property, Plant & Equipment	1,979	1,993	2,299	2,707	3,406	3,407
Long-Term Investments	103.91	103.96	127.54	201.24	197.22	215.37
Goodwill	99.87	99.87	99.87	99.87	99.87	99.87
Other Intangible Assets	831.4	838.43	983.64	1,053	1,162	866.63
Long-Term Deferred Tax Assets	334.81	378.32	429	533.21	602.28	424.03
Long-Term Deferred Charges	23.96	40.3	106.36	178.58	285.13	369.13
Other Long-Term Assets	2,003	2,007	1,904	1,871	1,653	2,307
Total Assets	5,696	5,688	6,510	7,140	8,027	10,305
Accounts Payable	165.71	187.68	197.89	234.03	287.09	282.03
Accrued Expenses	339.06	598.76	561.72	289.65	683.91	487.07
Short-Term Debt	27.5	54.34	450.21	1,016	959.24	3,153
Current Portion of Long-Term Debt	790.9	486.78	654.82	17.69	-	-
Current Portion of Leases	-	209	385.62	629.63	578.82	531.88
Current Income Taxes Payable	113.09	6.17	3.04	2.83	2.16	7.2
Current Unearned Revenue	1,665	1,650	1,873	2,953	3,950	3,064
Other Current Liabilities	824.88	776.2	790.08	157.47	189.39	162.15
Total Current Liabilities	3,926	3,969	4,917	5,301	6,650	7,687
Long-Term Debt	703.27	701.15	558.93	931.03	-	-
Long-Term Leases	171.03	128.78	141.34	247.2	508.75	635.69
Long-Term Deferred Tax Liabilities	78.01	78.64	89.07	93.28	88.42	93.71
Other Long-Term Liabilities	13.41	53.9	79.43	-	-	-
Total Liabilities	4,892	4,931	5,786	6,573	7,248	8,416
Common Stock	103.81	103.81	103.81	103.81	103.81	103.81
Additional Paid-In Capital	1,225	1,225	1,225	1,225	1,225	1,225
Retained Earnings	-481.42	-528.75	-577.64	-765.22	-555.79	546.33
Comprehensive Income & Other	-43.27	-43.27	-27.21	3.08	6.38	13.2
Total Common Equity	804.56	757.24	724.4	567.1	779.87	1,889
Minority Interest	-0.11	0.05	0.14	-	-0.04	-0.04
Shareholders' Equity	804.45	757.28	724.54	567.1	779.83	1,889
Total Liabilities & Equity	5,696	5,688	6,510	7,140	8,027	10,305
Total Debt	1,693	1,580	2,191	2,842	2,047	4,321
Net Cash (Debt)	-1,581	-1,502	-1,895	-2,463	-1,661	-1,786
Net Cash Per Share	-0.31	-0.31	-0.31	-0.35	-0.27	-0.29
Filing Date Shares Outstanding	6,167	6,167	6,167	6,167	6,167	6,167
Total Common Shares Outstanding	6,167	6,167	6,167	6,167	6,167	6,167
Working Capital	-3,606	-3,741	-4,356	-4,806	-6,029	-5,072
Book Value Per Share	0.13	0.12	0.12	0.09	0.13	0.31
Tangible Book Value	-126.71	-181.06	-359.11	-585.98	-482.26	922.32
Tangible Book Value Per Share	-0.02	-0.03	-0.06	-0.10	-0.08	0.15
Buildings	-	1,867	1,929	1,962	2,168	1,798
Machinery	-	294.99	298.25	314.37	327.45	327.25
Construction In Progress	-	255.9	265.91	276.73	323.27	294.79

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