SHE:002949 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	125.62	205.08	362.79	808.85	624.65	382.09
Short-Term Investments	-	96.09	-	-	-	-
Trading Asset Securities	827.29	785.77	622.75	327.41	517.15	758.33
Cash & Short-Term Investments	952.91	1,087	985.54	1,136	1,142	1,140
Cash Growth	12.20%	10.29%	-13.26%	-0.48%	0.12%	-4.29%
Accounts Receivable	536.09	513.21	660.65	780.01	851.43	755.92
Other Receivables	10.33	10.28	13.99	19.18	24.55	29.48
Receivables	546.41	523.49	674.64	799.18	875.98	785.4
Inventory	0	0.01	4.61	-	-	-
Prepaid Expenses	-	0.01	0.02	0.19	0.1	0.04
Other Current Assets	78.49	11.76	21.26	16.83	16.83	20.53
Total Current Assets	1,578	1,622	1,686	1,952	2,035	1,946
Property, Plant & Equipment	558.01	562.02	739.76	741.65	688.82	654.35
Long-Term Investments	104.07	103.16	136.96	145.54	52.41	32.18
Goodwill	0.77	0.77	0.77	0.77	0.77	10.85
Other Intangible Assets	165.51	167.64	176.87	187.08	191.2	195
Long-Term Deferred Tax Assets	59.56	58.58	57.5	66.12	58.25	49.24
Long-Term Deferred Charges	48.58	48.44	12.32	6.12	18.03	30.68
Other Long-Term Assets	367.19	365.6	252.16	163.74	176.96	122.67
Total Assets	2,882	2,928	3,062	3,263	3,221	3,041
Accounts Payable	247.34	269.63	273.05	252.26	214.28	162.58
Accrued Expenses	114.53	134.6	149.47	183.27	230.44	264.32
Short-Term Debt	1.22	1.22	1.94	3.86	2.4	23.91
Current Portion of Long-Term Debt	459.34	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	18.71	13.13	11.79	15.62	9.77	30.82
Current Unearned Revenue	311.02	328.72	457.56	525.29	521.09	425.42
Other Current Liabilities	62.65	65.73	106.8	172.82	206.22	134.53
Total Current Liabilities	1,215	1,265	1,013	1,182	1,220	1,079
Long-Term Debt	-	-	420.03	399.14	377.58	355.16
Long-Term Leases	2.26	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	4.62	4.63	4.56	4.48	8.65	25.89
Total Liabilities	1,222	1,272	1,442	1,597	1,641	1,543
Common Stock	196.05	196.04	196.04	196.04	196.04	196.04
Additional Paid-In Capital	648.09	648.03	647.99	642.1	642.03	644.8
Retained Earnings	619.32	614.86	592.88	624.41	521.89	468.53
Comprehensive Income & Other	120.48	120.39	120.74	120.61	120.37	121.77
Total Common Equity	1,584	1,579	1,558	1,583	1,480	1,431
Minority Interest	75.88	76.59	62.93	83.34	99.46	67.1
Shareholders' Equity	1,660	1,656	1,621	1,666	1,580	1,498
Total Liabilities & Equity	2,882	2,928	3,062	3,263	3,221	3,041
Total Debt	462.83	456.04	438.61	443.26	450.3	499.29
Net Cash (Debt)	490.08	630.9	546.93	693	691.51	641.13
Net Cash Growth	21.04%	15.35%	-21.08%	0.22%	7.86%	-17.94%
Net Cash Per Share	2.50	3.22	2.74	3.33	3.37	3.13
Filing Date Shares Outstanding	195.93	196.05	196.04	196.04	196.04	196.04
Total Common Shares Outstanding	195.93	196.04	196.04	196.04	196.04	196.04
Working Capital	363.01	357.38	673.41	770.42	814.94	867.4
Book Value Per Share	8.08	8.06	7.95	8.08	7.55	7.30
Tangible Book Value	1,418	1,411	1,380	1,395	1,288	1,225
Tangible Book Value Per Share	7.24	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.