SHE:002949 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	205.08	362.79	808.85	624.65	382.09
Short-Term Investments	96.09	-	-	-	-
Trading Asset Securities	785.77	622.75	327.41	517.15	758.33
Cash & Short-Term Investments	1,087	985.54	1,136	1,142	1,140
Cash Growth	10.29%	-13.26%	-0.48%	0.12%	-4.29%
Accounts Receivable	513.21	660.65	780.01	851.43	755.92
Other Receivables	10.28	13.99	19.18	24.55	29.48
Receivables	523.49	674.64	799.18	875.98	785.4
Inventory	0.01	4.61	-	-	-
Prepaid Expenses	0.01	0.02	0.19	0.1	0.04
Other Current Assets	11.76	21.26	16.83	16.83	20.53
Total Current Assets	1,622	1,686	1,952	2,035	1,946
Property, Plant & Equipment	562.02	739.76	741.65	688.82	654.35
Long-Term Investments	103.16	136.96	145.54	52.41	32.18
Goodwill	0.77	0.77	0.77	0.77	10.85
Other Intangible Assets	167.64	176.87	187.08	191.2	195
Long-Term Deferred Tax Assets	58.58	57.5	66.12	58.25	49.24
Long-Term Deferred Charges	48.44	12.32	6.12	18.03	30.68
Other Long-Term Assets	365.6	252.16	163.74	176.96	122.67
Total Assets	2,928	3,062	3,263	3,221	3,041
Accounts Payable	269.63	273.05	252.26	214.28	162.58
Accrued Expenses	134.6	149.47	183.27	230.44	264.32
Short-Term Debt	1.22	1.94	3.86	2.4	23.91
Current Portion of Long-Term Debt	444.74	3.75	2.81	1.87	1.15
Current Portion of Leases	7.04	8.31	26.12	33.7	36.27
Current Income Taxes Payable	13.13	11.79	15.62	9.77	30.82
Current Unearned Revenue	328.72	457.56	525.29	521.09	425.42
Other Current Liabilities	65.73	106.8	172.82	206.22	134.53
Total Current Liabilities	1,265	1,013	1,182	1,220	1,079
Long-Term Debt	-	420.03	399.14	377.58	355.16
Long-Term Leases	3.04	4.58	11.34	34.75	82.8
Long-Term Deferred Tax Liabilities	0	0	-	0.62	0.27
Other Long-Term Liabilities	4.63	4.56	4.48	8.65	25.89
Total Liabilities	1,272	1,442	1,597	1,641	1,543
Common Stock	196.04	196.04	196.04	196.04	196.04
Additional Paid-In Capital	648.03	647.99	642.1	642.03	644.8
Retained Earnings	614.86	592.88	624.41	521.89	468.53
Comprehensive Income & Other	120.39	120.74	120.61	120.37	121.77
Total Common Equity	1,579	1,558	1,583	1,480	1,431
Minority Interest	76.59	62.93	83.34	99.46	67.1
Shareholders' Equity	1,656	1,621	1,666	1,580	1,498
Total Liabilities & Equity	2,928	3,062	3,263	3,221	3,041
Total Debt	456.04	438.61	443.26	450.3	499.29
Net Cash (Debt)	630.9	546.93	693	691.51	641.13
Net Cash Growth	15.35%	-21.08%	0.22%	7.86%	-17.94%
Net Cash Per Share	3.22	2.74	3.33	3.37	3.13
Filing Date Shares Outstanding	196.05	196.04	196.04	196.04	196.04
Total Common Shares Outstanding	196.04	196.04	196.04	196.04	196.04
Working Capital	357.38	673.41	770.42	814.94	867.4
Book Value Per Share	8.06	7.95	8.08	7.55	7.30
Tangible Book Value	1,411	1,380	1,395	1,288	1,225
Tangible Book Value Per Share	7.20	7.04	7.12	6.57	6.25
Buildings	620.83	761.68	378.74	441.9	441.9
Machinery	77.24	80.68	84.99	92.62	92.84
Construction In Progress	-	23.5	380.95	224.42	114.93

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