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	-	163.2	206.92	177.68	163.73	224.4
Cash & Short-Term Investments	163.2	163.2	206.92	177.68	163.73	224.4
Cash Growth	-7.63%	-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	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	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	634.73	605.34	506.18	405.5	403.63
Net Cash (Debt)	-471.53	-471.53	-398.42	-328.5	-241.76	-179.23
Net Cash Per Share	-3.22	-3.21	-2.72	-2.24	-1.65	-1.22
Filing Date Shares Outstanding	146.68	146.67	146.67	146.67	146.67	146.67
Total Common Shares Outstanding	146.68	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	3.49	4.13	4.17	4.10	3.65
Tangible Book Value	487.83	487.83	580.63	583.26	568.12	450.22
Tangible Book Value Per Share	3.33	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.