SHE:300013 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	122.2	85.24	95.25	43.89	107.91	59.43
Cash & Short-Term Investments	122.2	85.24	95.25	43.89	107.91	59.43
Cash Growth	31.92%	-10.51%	117.00%	-59.33%	81.57%	-24.95%
Accounts Receivable	354.51	253.21	126.61	138.22	193.17	245.88
Other Receivables	45.88	22.65	10.78	12.26	15.67	32.03
Receivables	400.39	275.86	137.39	150.49	208.83	277.91
Inventory	1.67	1.3	3.64	2.31	2.88	2.54
Other Current Assets	32.87	43.53	13.78	13.66	12.01	14
Total Current Assets	557.13	405.92	250.06	210.36	331.64	353.87
Property, Plant & Equipment	140.07	153.69	200.3	222.87	305.98	361.33
Long-Term Investments	93.4	89.55	77.22	80.46	68.63	99.89
Other Intangible Assets	21.14	22.28	23.82	24.97	27.73	32.34
Long-Term Accounts Receivable	-	-	-	-	0.01	0
Long-Term Deferred Tax Assets	10.61	9.81	9.16	10.46	7.23	6.56
Long-Term Deferred Charges	6.55	4.45	6.88	10.66	16.68	22.03
Other Long-Term Assets	-	-	-	-	1.52	5.82
Total Assets	828.91	685.71	567.44	559.77	759.41	881.85
Accounts Payable	94.39	89.88	89.35	101.2	109.66	163.12
Accrued Expenses	25.11	27.03	31.23	30.68	37.91	41.83
Short-Term Debt	356.64	268.38	-	210.46	170.51	192.78
Current Portion of Long-Term Debt	21.95	31.49	-	-	35	10
Current Portion of Leases	-	-	37.68	40.49	56.25	65.45
Current Income Taxes Payable	6.21	6.32	3.26	0.68	1.27	3.31
Current Unearned Revenue	47.79	11.35	3.73	3.98	4.73	1.54
Other Current Liabilities	40.76	20.86	120.2	223.73	10.66	4.05
Total Current Liabilities	592.85	455.31	285.45	611.2	425.98	482.08
Long-Term Debt	-	-	-	-	20.05	30
Long-Term Leases	37.37	37.27	59.13	59.94	108.01	143.91
Long-Term Deferred Tax Liabilities	0.43	0.41	0.58	1	1.06	0.53
Other Long-Term Liabilities	-	-	1.65	1.65	159.66	179.46
Total Liabilities	630.64	492.99	346.81	673.78	714.77	835.98
Common Stock	558.36	558.36	558.36	446.69	446.69	446.69
Additional Paid-In Capital	1,056	1,056	1,056	757.56	757.56	757.56
Retained Earnings	-1,429	-1,435	-1,408	-1,335	-1,179	-1,177
Comprehensive Income & Other	-5.91	-5.82	-5.71	-5.74	-5.73	-5.26
Total Common Equity	179.69	173.84	200.9	-136.67	19.61	21.68
Minority Interest	18.58	18.88	19.74	22.65	25.03	24.18
Shareholders' Equity	198.26	192.72	220.64	-114.02	44.64	45.86
Total Liabilities & Equity	828.91	685.71	567.44	559.77	759.41	881.85
Total Debt	415.96	337.14	96.82	310.88	389.82	442.14
Net Cash (Debt)	-293.76	-251.9	-1.57	-266.99	-281.91	-382.71
Net Cash Per Share	-0.52	-0.45	-0.00	-0.60	-0.64	-0.85
Filing Date Shares Outstanding	594.35	713.96	558.36	446.69	446.69	446.69
Total Common Shares Outstanding	594.35	713.96	558.36	446.69	446.69	446.69
Working Capital	-35.72	-49.39	-35.39	-400.84	-94.34	-128.21
Book Value Per Share	0.30	0.24	0.36	-0.31	0.04	0.05
Tangible Book Value	158.55	151.56	177.08	-161.63	-8.12	-10.66
Tangible Book Value Per Share	0.27	0.21	0.32	-0.36	-0.02	-0.02
Buildings	-	-	95.85	95.96	95.7	95.76
Machinery	-	-	185.63	191.65	167.9	162.07
Construction In Progress	-	-	-	-	37.28	39.66

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