SHE:300675 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	163.2	206.92	177.68	163.73	224.4
Cash & Short-Term Investments	163.2	206.92	177.68	163.73	224.4
Cash Growth	-21.13%	16.46%	8.52%	-27.03%	-22.93%
Accounts Receivable	529.29	547.12	496.31	492.58	441.75
Other Receivables	0.97	1.69	8.84	1.19	1.07
Receivables	530.26	548.8	505.15	493.77	442.82
Inventory	0.08	0.06	0.06	0.07	0.1
Prepaid Expenses	-	-	0.15	0.53	1
Other Current Assets	7.23	10.97	12.77	15.32	13.41
Total Current Assets	700.77	766.76	695.82	673.41	681.74
Property, Plant & Equipment	82.54	104.05	126.62	131.51	529.91
Long-Term Investments	-	1.42	1.15	3.55	3.43
Other Intangible Assets	23.73	24.53	28.63	32.8	84.63
Long-Term Deferred Tax Assets	18.76	17.14	15.9	13.8	19.64
Long-Term Deferred Charges	3.28	6.47	3.68	4.37	12.76
Other Long-Term Assets	547.3	571.1	571.52	522.79	5.32
Total Assets	1,376	1,491	1,443	1,382	1,337
Accounts Payable	120.56	158.02	204.36	209.46	212.42
Accrued Expenses	18.42	20.71	13.68	35.26	44.2
Short-Term Debt	222.3	328.25	230.49	119.58	120.12
Current Portion of Long-Term Debt	42.14	24.98	12.34	12.37	6.09
Current Portion of Leases	5.3	9.39	11.44	10.44	21.99
Current Income Taxes Payable	1.43	1.1	4.2	5.01	3.93
Current Unearned Revenue	6.44	7.53	9.49	16.31	15.63
Other Current Liabilities	45.34	56.53	57.48	76.88	52.32
Total Current Liabilities	461.93	606.52	543.49	485.31	476.69
Long-Term Debt	360.15	232.27	229.52	241.6	243.59
Long-Term Leases	4.85	10.44	22.38	21.51	11.85
Long-Term Unearned Revenue	8.13	7.31	6.58	6.74	43.72
Long-Term Deferred Tax Liabilities	0.18	0.21	0.29	0.26	0.29
Other Long-Term Liabilities	-	0.23	-	-	-
Total Liabilities	835.25	856.98	802.26	755.42	776.13
Common Stock	146.67	146.67	146.67	146.67	146.67
Additional Paid-In Capital	127.88	127.88	131.14	127.54	127.54
Retained Earnings	229.41	323.01	326.48	319.11	260.64
Comprehensive Income & Other	7.6	7.6	7.6	7.6	-
Total Common Equity	511.56	605.16	611.89	600.92	534.85
Minority Interest	29.58	29.33	29.17	25.89	26.43
Shareholders' Equity	541.14	634.49	641.06	626.81	561.28
Total Liabilities & Equity	1,376	1,491	1,443	1,382	1,337
Total Debt	634.73	605.34	506.18	405.5	403.63
Net Cash (Debt)	-471.53	-398.42	-328.5	-241.76	-179.23
Net Cash Per Share	-3.21	-2.72	-2.24	-1.65	-1.22
Filing Date Shares Outstanding	146.67	146.67	146.67	146.67	146.67
Total Common Shares Outstanding	146.67	146.67	146.67	146.67	146.67
Working Capital	238.84	160.24	152.32	188.1	205.05
Book Value Per Share	3.49	4.13	4.17	4.10	3.65
Tangible Book Value	487.83	580.63	583.26	568.12	450.22
Tangible Book Value Per Share	3.33	3.96	3.98	3.87	3.07
Buildings	106.57	106.57	105.75	105.75	105.75
Machinery	177.6	177.95	171.71	162.17	142.97
Construction In Progress	-	-	-	-	394.65

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