SHE:300675 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	112.74	163.2	206.92	177.68	163.73	224.4
Cash & Short-Term Investments	112.74	163.2	206.92	177.68	163.73	224.4
Cash Growth	-36.19%	-21.13%	16.46%	8.52%	-27.03%	-22.93%
Accounts Receivable	519.77	529.29	547.12	496.31	492.58	441.75
Other Receivables	3.84	0.97	1.69	8.84	1.19	1.07
Receivables	523.61	530.26	548.8	505.15	493.77	442.82
Inventory	0.08	0.08	0.06	0.06	0.07	0.1
Prepaid Expenses	-	-	-	0.15	0.53	1
Other Current Assets	5.27	7.23	10.97	12.77	15.32	13.41
Total Current Assets	641.7	700.77	766.76	695.82	673.41	681.74
Property, Plant & Equipment	78.5	82.54	104.05	126.62	131.51	529.91
Long-Term Investments	-	-	1.42	1.15	3.55	3.43
Other Intangible Assets	22.56	23.73	24.53	28.63	32.8	84.63
Long-Term Deferred Tax Assets	18.9	18.76	17.14	15.9	13.8	19.64
Long-Term Deferred Charges	2.94	3.28	6.47	3.68	4.37	12.76
Other Long-Term Assets	549.71	547.3	571.1	571.52	522.79	5.32
Total Assets	1,314	1,376	1,491	1,443	1,382	1,337
Accounts Payable	112.09	120.56	158.02	204.36	209.46	212.42
Accrued Expenses	8.36	18.42	20.71	13.68	35.26	44.2
Short-Term Debt	128.45	222.3	328.25	230.49	119.58	120.12
Current Portion of Long-Term Debt	101.07	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	3.93	1.43	1.1	4.2	5.01	3.93
Current Unearned Revenue	9.58	6.44	7.53	9.49	16.31	15.63
Other Current Liabilities	52.74	45.34	56.53	57.48	76.88	52.32
Total Current Liabilities	416.23	461.93	606.52	543.49	485.31	476.69
Long-Term Debt	367.67	360.15	232.27	229.52	241.6	243.59
Long-Term Leases	4.19	4.85	10.44	22.38	21.51	11.85
Long-Term Unearned Revenue	7.86	8.13	7.31	6.58	6.74	43.72
Long-Term Deferred Tax Liabilities	0.18	0.18	0.21	0.29	0.26	0.29
Other Long-Term Liabilities	-	-	0.23	-	-	-
Total Liabilities	796.14	835.25	856.98	802.26	755.42	776.13
Common Stock	146.67	146.67	146.67	146.67	146.67	146.67
Additional Paid-In Capital	127.88	127.88	127.88	131.14	127.54	127.54
Retained Earnings	209.8	229.41	323.01	326.48	319.11	260.64
Comprehensive Income & Other	7.6	7.6	7.6	7.6	7.6	-
Total Common Equity	491.95	511.56	605.16	611.89	600.92	534.85
Minority Interest	26.21	29.58	29.33	29.17	25.89	26.43
Shareholders' Equity	518.16	541.14	634.49	641.06	626.81	561.28
Total Liabilities & Equity	1,314	1,376	1,491	1,443	1,382	1,337
Total Debt	601.39	634.73	605.34	506.18	405.5	403.63
Net Cash (Debt)	-488.65	-471.53	-398.42	-328.5	-241.76	-179.23
Net Cash Per Share	-3.33	-3.21	-2.72	-2.24	-1.65	-1.22
Filing Date Shares Outstanding	146.67	146.67	146.67	146.67	146.67	146.67
Total Common Shares Outstanding	146.67	146.67	146.67	146.67	146.67	146.67
Working Capital	225.47	238.84	160.24	152.32	188.1	205.05
Book Value Per Share	3.35	3.49	4.13	4.17	4.10	3.65
Tangible Book Value	469.39	487.83	580.63	583.26	568.12	450.22
Tangible Book Value Per Share	3.20	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