SHE:300044 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	68.03	69.05	72.67	107.23	160.57
Cash & Short-Term Investments	68.03	69.05	72.67	107.23	160.57
Cash Growth	-1.48%	-4.98%	-32.23%	-33.22%	-56.81%
Accounts Receivable	279.48	363.86	547.77	596.87	1,392
Other Receivables	5.18	86.25	270.87	306.37	522.04
Receivables	284.66	450.11	818.64	903.24	1,914
Inventory	0.97	1.48	20.85	35.88	52.96
Other Current Assets	7.13	10.48	9.79	28.33	82.86
Total Current Assets	360.79	531.12	921.96	1,075	2,210
Property, Plant & Equipment	5.24	12.14	23.02	342.2	380.8
Long-Term Investments	1.03	1	1	8.5	16.36
Goodwill	-	-	-	-	15.15
Other Intangible Assets	264.11	272.6	313.13	355.61	413.57
Long-Term Deferred Tax Assets	3.77	5.2	6.59	4.42	131.59
Long-Term Deferred Charges	4.12	14.97	4.13	24.91	24.92
Other Long-Term Assets	319.49	336.86	345.8	147.18	127.79
Total Assets	958.55	1,174	1,616	1,958	3,320
Accounts Payable	1,084	260.05	323.55	349.25	384.66
Accrued Expenses	60.33	64.62	48.32	47.77	31.7
Short-Term Debt	5.4	5.26	-	34.76	324.42
Current Portion of Long-Term Debt	92.7	56.37	59.43	119.63	49.67
Current Portion of Leases	-	6.45	6.6	3.07	1.19
Current Income Taxes Payable	26.95	41.43	41.78	41.69	43.66
Current Unearned Revenue	41.25	59.02	80.64	81.99	66.25
Other Current Liabilities	482.03	66.55	41.58	50.81	856.11
Total Current Liabilities	1,792	559.75	601.89	728.97	1,758
Long-Term Debt	298.57	341.95	349.17	395.78	496.23
Long-Term Leases	-	4.08	5.65	1.76	0.17
Long-Term Unearned Revenue	12.03	17.63	24.56	24.59	28.98
Long-Term Deferred Tax Liabilities	0.64	1.65	2.05	0.77	-
Other Long-Term Liabilities	-	133.93	5.18	4.9	-
Total Liabilities	2,103	1,059	988.49	1,157	2,283
Common Stock	763.87	763.87	763.87	770.16	770.16
Additional Paid-In Capital	955.99	955.99	955.99	973.51	974.23
Retained Earnings	-2,847	-1,583	-1,076	-915.4	-688.92
Treasury Stock	-	-	-	-23.81	-23.81
Comprehensive Income & Other	-7.37	-13.94	-8.96	-1.84	2.72
Total Common Equity	-1,135	122.44	634.73	802.63	1,034
Minority Interest	-10.24	-7.54	-7.6	-1.89	2.73
Shareholders' Equity	-1,145	114.9	627.14	800.73	1,037
Total Liabilities & Equity	958.55	1,174	1,616	1,958	3,320
Total Debt	396.68	414.11	420.84	555	871.68
Net Cash (Debt)	-328.65	-345.06	-348.17	-447.77	-711.1
Net Cash Per Share	-0.43	-0.45	-0.45	-0.58	-0.92
Filing Date Shares Outstanding	764.42	763.87	763.87	770.16	770.16
Total Common Shares Outstanding	764.42	763.87	763.87	770.16	770.16
Working Capital	-1,431	-28.63	320.07	345.71	452.32
Book Value Per Share	-1.48	0.16	0.83	1.04	1.34
Tangible Book Value	-1,399	-150.16	321.6	447.02	605.67
Tangible Book Value Per Share	-1.83	-0.20	0.42	0.58	0.79
Buildings	-	-	8.75	371.13	401.91
Machinery	-	16.66	20.3	26.98	46.87
Construction In Progress	-	-	-	2.36	2.94

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