SHE:003032 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	463.08	371.4	693.98	802.59	929.17	832.89
Short-Term Investments	-	45.98	-	55	40	50
Trading Asset Securities	60.21	100.44	100.11	322.63	522.25	400.48
Cash & Short-Term Investments	523.29	517.82	794.09	1,180	1,491	1,283
Cash Growth	-11.11%	-34.79%	-32.72%	-20.87%	16.21%	53.34%
Accounts Receivable	34.1	45.13	14.04	17.44	9.47	19.03
Other Receivables	5.02	5.8	0.96	0.71	0.95	2.77
Receivables	39.13	50.94	15	18.15	10.42	21.79
Inventory	1.32	1.3	-	-	-	-
Other Current Assets	110.28	11.79	4.56	21.27	8.7	7.77
Total Current Assets	674.02	581.85	813.65	1,220	1,511	1,313
Property, Plant & Equipment	831.37	705.41	453.62	308.95	221.48	292.72
Long-Term Investments	10.39	143.08	60.08	20	30	30
Goodwill	50.8	52.71	-	-	-	-
Other Intangible Assets	132.17	140.52	75.51	77.7	2.88	3.52
Long-Term Accounts Receivable	-	-	5.95	14.22	24.58	23.47
Long-Term Deferred Tax Assets	22.79	25.27	17.85	24.56	15.76	16.67
Long-Term Deferred Charges	6.84	9.21	7.42	19.21	30.52	40.89
Other Long-Term Assets	137.36	51.96	85.74	8.39	8.68	28.96
Total Assets	1,866	1,710	1,520	1,693	1,844	1,749

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	106.68	134.5	95.37	38.76	2.9	3.43
Accrued Expenses	34.99	45.72	33.32	54.43	76.33	55.69
Short-Term Debt	-	5	-	-	-	-
Current Portion of Long-Term Debt	46.31	0.64	-	-	-	-
Current Portion of Leases	-	39.92	21.67	34.59	51.58	58.41
Current Income Taxes Payable	8.6	3	1.25	3.36	3.35	0.94
Current Unearned Revenue	232.38	158.53	69.18	75.31	176.71	175.2
Other Current Liabilities	32.99	28.71	11.96	37.94	41.3	15.24
Total Current Liabilities	461.95	416.04	232.75	244.38	352.16	308.9
Long-Term Debt	0.41	0.88	-	-	-	-
Long-Term Leases	114.06	71.02	27.96	93.38	150.77	225.85
Long-Term Deferred Tax Liabilities	9.09	11.22	0.17	0.23	0.51	0.69
Other Long-Term Liabilities	0.23	-	0.17	0.19	-	0.73
Total Liabilities	585.74	499.16	261.04	338.19	503.45	536.17

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	402.45	402.45	402.45	402.45	402.45	402.45
Additional Paid-In Capital	271.45	-	-	252.6	254.74	275.58
Retained Earnings	573.34	495.64	586.09	726.45	710.82	534.96
Treasury Stock	-	-	-	-27.02	-27.02	-
Comprehensive Income & Other	-2.36	272.26	270.25	-	-	-
Total Common Equity	1,245	1,170	1,259	1,354	1,341	1,213
Minority Interest	35.13	40.51	-	-	-	-
Shareholders' Equity	1,280	1,211	1,259	1,354	1,341	1,213
Total Liabilities & Equity	1,866	1,710	1,520	1,693	1,844	1,749

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	160.78	117.47	49.63	127.97	202.35	284.26
Net Cash (Debt)	362.52	400.35	744.46	1,052	1,289	999.11
Net Cash Growth	-20.28%	-46.22%	-29.25%	-18.37%	29.02%	19.38%
Net Cash Per Share	0.88	0.97	1.83	2.69	3.24	2.47
Filing Date Shares Outstanding	442.26	402.45	402.45	398.79	398.79	402.45
Total Common Shares Outstanding	442.26	402.45	402.45	398.79	398.79	402.45
Working Capital	212.07	165.81	580.91	975.26	1,158	1,004
Book Value Per Share	2.81	2.91	3.13	3.40	3.36	3.01
Tangible Book Value	1,062	977.11	1,183	1,277	1,338	1,209
Tangible Book Value Per Share	2.40	2.43	2.94	3.20	3.36	3.01
Buildings	-	479.55	335.95	-	-	-
Machinery	-	45.18	17.75	14.7	14.18	13.84
Construction In Progress	-	107.24	82.71	184.96	-	-