SHE:003032 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	443.87	371.4	693.98	802.59	929.17	832.89
Short-Term Investments	-	-	-	55	40	50
Trading Asset Securities	-	100.44	100.11	322.63	522.25	400.48
Cash & Short-Term Investments	443.87	471.84	794.09	1,180	1,491	1,283
Cash Growth	-38.62%	-40.58%	-32.72%	-20.87%	16.21%	53.34%
Accounts Receivable	43.23	41.2	14.04	17.44	9.47	19.03
Other Receivables	6	5.8	0.74	0.71	0.95	2.77
Receivables	49.23	47	14.78	18.15	10.42	21.79
Inventory	1.29	1.3	-	-	-	-
Other Current Assets	62.12	61.71	4.79	21.27	8.7	7.77
Total Current Assets	556.52	581.85	813.65	1,220	1,511	1,313
Property, Plant & Equipment	699.45	705.41	453.62	308.95	221.48	292.72
Long-Term Investments	11.29	11.36	60.08	20	30	30
Goodwill	51.73	52.71	-	-	-	-
Other Intangible Assets	137.27	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	24.04	25.27	17.85	24.56	15.76	16.67
Long-Term Deferred Charges	6.77	9.21	7.42	19.21	30.52	40.89
Other Long-Term Assets	182.04	183.67	85.74	8.39	8.68	28.96
Total Assets	1,669	1,710	1,520	1,693	1,844	1,749
Accounts Payable	98.17	134.5	95.37	38.76	2.9	3.43
Accrued Expenses	32.69	42.17	33.32	54.43	76.33	55.69
Short-Term Debt	5	5	-	-	-	-
Current Portion of Long-Term Debt	35.16	40.57	-	-	-	-
Current Portion of Leases	-	-	21.67	34.59	51.58	58.41
Current Income Taxes Payable	4.23	7.82	1.25	3.36	3.35	0.94
Current Unearned Revenue	182.41	158.53	69.18	75.31	176.71	175.2
Other Current Liabilities	26.8	27.44	11.96	37.94	41.3	15.24
Total Current Liabilities	384.46	416.04	232.75	244.38	352.16	308.9
Long-Term Debt	0.72	0.88	-	-	-	-
Long-Term Leases	62.73	70.7	27.96	93.38	150.77	225.85
Long-Term Deferred Tax Liabilities	10.69	11.22	0.17	0.23	0.51	0.69
Other Long-Term Liabilities	0.29	0.32	0.17	0.19	-	0.73
Total Liabilities	458.89	499.16	261.04	338.19	503.45	536.17
Common Stock	402.45	402.45	402.45	402.45	402.45	402.45
Additional Paid-In Capital	271.45	271.45	271.45	252.6	254.74	275.58
Retained Earnings	497.1	495.64	586.09	726.45	710.82	534.96
Treasury Stock	-	-	-	-27.02	-27.02	-
Comprehensive Income & Other	-0.79	0.81	-1.2	-	-	-
Total Common Equity	1,170	1,170	1,259	1,354	1,341	1,213
Minority Interest	40.02	40.51	-	-	-	-
Shareholders' Equity	1,210	1,211	1,259	1,354	1,341	1,213
Total Liabilities & Equity	1,669	1,710	1,520	1,693	1,844	1,749
Total Debt	103.61	117.15	49.63	127.97	202.35	284.26
Net Cash (Debt)	340.26	354.69	744.46	1,052	1,289	999.11
Net Cash Growth	-39.12%	-52.36%	-29.25%	-18.37%	29.02%	19.38%
Net Cash Per Share	0.83	0.86	1.83	2.69	3.24	2.47
Filing Date Shares Outstanding	404.99	439.83	402.45	398.79	398.79	402.45
Total Common Shares Outstanding	404.99	439.83	402.45	398.79	398.79	402.45
Working Capital	172.06	165.81	580.91	975.26	1,158	1,004
Book Value Per Share	2.89	2.66	3.13	3.40	3.36	3.01
Tangible Book Value	981.2	977.11	1,183	1,277	1,338	1,209
Tangible Book Value Per Share	2.42	2.22	2.94	3.20	3.36	3.01
Buildings	-	-	335.95	-	-	-
Machinery	-	-	17.75	14.7	14.18	13.84
Construction In Progress	-	-	82.71	184.96	-	-

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