SHE:002659 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	154.2	231.31	296.33	395.7	441.25	507.08
Cash & Short-Term Investments	154.2	231.31	296.33	395.7	441.25	507.08
Cash Growth	-21.21%	-21.94%	-25.11%	-10.32%	-12.98%	-54.21%
Accounts Receivable	73.65	28.65	31.12	5.3	1.56	0.04
Other Receivables	0.74	1.09	30.52	124.19	128.63	174.97
Receivables	74.39	29.74	61.64	129.49	130.19	175.01
Inventory	0.19	0.24	0.12	0.12	0.2	0.21
Prepaid Expenses	-	-	-	25.25	0.05	65.26
Other Current Assets	29.59	28.11	0.7	0.68	26.11	6.18
Total Current Assets	258.37	289.4	358.79	551.24	597.8	753.73
Property, Plant & Equipment	219.27	226.59	264.56	97.97	161.81	1,151
Goodwill	196.7	196.7	196.7	196.7	196.7	196.7
Other Intangible Assets	16	16.12	25.68	27.09	113.04	808.01
Long-Term Deferred Tax Assets	105	103.09	108.9	116.27	113.72	120.35
Long-Term Deferred Charges	178.84	185.93	202.49	232.1	257.83	269.32
Other Long-Term Assets	1,945	1,957	1,956	1,889	1,800	180.8
Total Assets	2,919	2,975	3,113	3,110	3,241	3,480
Accounts Payable	66.69	63.98	65.85	48.82	38.44	42.13
Accrued Expenses	8.52	9.6	14.21	15.08	11.19	10.91
Current Portion of Long-Term Debt	124.68	121.71	100.72	100.96	48.96	42.09
Current Portion of Leases	-	-	20.64	4.91	6.46	7.36
Current Income Taxes Payable	7.44	5.68	6.65	5.69	-	0.01
Current Unearned Revenue	24.69	31.77	37.57	83.5	126.92	21.58
Other Current Liabilities	4.39	6.26	4.56	6.78	10.34	3.52
Total Current Liabilities	236.41	238.99	250.21	265.76	242.3	127.61
Long-Term Debt	390	440	540	640	740	990
Long-Term Leases	136.52	139.26	156.66	3.58	10	17.97
Long-Term Deferred Tax Liabilities	0.12	0.16	0.37	-	-	-
Total Liabilities	763.04	818.41	947.24	909.33	992.3	1,136
Common Stock	598.28	598.28	598.28	598.28	598.28	598.28
Additional Paid-In Capital	2,022	2,022	2,022	2,022	2,022	2,022
Retained Earnings	-474.53	-474.72	-456.54	-419.58	-369.85	-273.36
Comprehensive Income & Other	-0.16	0.1	0.4	0.15	-0.01	-0.94
Total Common Equity	2,146	2,146	2,164	2,201	2,250	2,346
Minority Interest	10.75	10.57	1.89	-0.32	-1.58	-1.68
Shareholders' Equity	2,156	2,156	2,166	2,201	2,249	2,344
Total Liabilities & Equity	2,919	2,975	3,113	3,110	3,241	3,480
Total Debt	651.2	700.98	818.02	749.45	805.42	1,057
Net Cash (Debt)	-497	-469.67	-521.69	-353.75	-364.17	-550.34
Net Cash Per Share	-0.85	-0.83	-0.85	-0.57	-0.60	-0.91
Filing Date Shares Outstanding	643.08	837.01	598.28	598.28	598.28	598.28
Total Common Shares Outstanding	643.08	837.01	598.28	598.28	598.28	598.28
Working Capital	21.96	50.41	108.58	285.48	355.5	626.13
Book Value Per Share	3.34	2.56	3.62	3.68	3.76	3.92
Tangible Book Value	1,933	1,933	1,942	1,977	1,941	1,341
Tangible Book Value Per Share	3.01	2.31	3.25	3.30	3.24	2.24
Buildings	-	-	99.45	100.49	161.69	1,239
Machinery	-	-	31.63	31.31	29.57	29.34

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