SHE:002949 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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	116.16	205.08	362.79	808.85	624.65	382.09
Short-Term Investments	-	96.09	-	-	-	-
Trading Asset Securities	337.53	785.77	622.75	327.41	517.15	758.33
Cash & Short-Term Investments	453.69	1,087	985.54	1,136	1,142	1,140
Cash Growth	-45.00%	10.29%	-13.26%	-0.48%	0.12%	-4.29%
Accounts Receivable	568.07	513.21	660.65	780.01	851.43	755.92
Other Receivables	8.69	10.28	13.99	19.18	24.55	29.48
Receivables	576.75	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	54.26	11.76	21.26	16.83	16.83	20.53
Total Current Assets	1,085	1,622	1,686	1,952	2,035	1,946
Property, Plant & Equipment	551.38	562.02	739.76	741.65	688.82	654.35
Long-Term Investments	103.95	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	162.95	167.64	176.87	187.08	191.2	195
Long-Term Deferred Tax Assets	57.65	58.58	57.5	66.12	58.25	49.24
Long-Term Deferred Charges	46.27	48.44	12.32	6.12	18.03	30.68
Other Long-Term Assets	376.3	365.6	252.16	163.74	176.96	122.67
Total Assets	2,384	2,928	3,062	3,263	3,221	3,041

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Accounts Payable	244.95	269.63	273.05	252.26	214.28	162.58
Accrued Expenses	90.81	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	6.89	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	14.2	13.13	11.79	15.62	9.77	30.82
Current Unearned Revenue	322.75	328.72	457.56	525.29	521.09	425.42
Other Current Liabilities	62.11	65.73	106.8	172.82	206.22	134.53
Total Current Liabilities	742.93	1,265	1,013	1,182	1,220	1,079
Long-Term Debt	-	-	420.03	399.14	377.58	355.16
Long-Term Leases	3.35	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	4.17	4.63	4.56	4.48	8.65	25.89
Total Liabilities	750.45	1,272	1,442	1,597	1,641	1,543

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Common Stock	196.09	196.04	196.04	196.04	196.04	196.04
Additional Paid-In Capital	719.01	648.03	647.99	642.1	642.03	644.8
Retained Earnings	637.1	614.86	592.88	624.41	521.89	468.53
Comprehensive Income & Other	4.48	120.39	120.74	120.61	120.37	121.77
Total Common Equity	1,557	1,579	1,558	1,583	1,480	1,431
Minority Interest	76.86	76.59	62.93	83.34	99.46	67.1
Shareholders' Equity	1,634	1,656	1,621	1,666	1,580	1,498
Total Liabilities & Equity	2,384	2,928	3,062	3,263	3,221	3,041

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Total Debt	11.46	456.04	438.61	443.26	450.3	499.29
Net Cash (Debt)	442.23	630.9	546.93	693	691.51	641.13
Net Cash Growth	17.73%	15.35%	-21.08%	0.22%	7.86%	-17.94%
Net Cash Per Share	2.26	3.22	2.74	3.33	3.37	3.13
Filing Date Shares Outstanding	195.99	196.05	196.04	196.04	196.04	196.04
Total Common Shares Outstanding	195.99	196.04	196.04	196.04	196.04	196.04
Working Capital	341.78	357.38	673.41	770.42	814.94	867.4
Book Value Per Share	7.94	8.06	7.95	8.08	7.55	7.30
Tangible Book Value	1,393	1,411	1,380	1,395	1,288	1,225
Tangible Book Value Per Share	7.11	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