SHE:300846 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	400.01	327.45	391.46	344.92	84.07
Trading Asset Securities	-	100.14	-	35	-
Cash & Short-Term Investments	400.01	427.59	391.46	379.92	84.07
Cash Growth	-6.45%	9.23%	3.04%	351.93%	-53.27%
Accounts Receivable	285.23	290.92	350.44	320.81	273.81
Other Receivables	10.63	9.21	23.67	11.4	5.45
Receivables	295.85	300.13	374.11	332.21	279.25
Inventory	-	1.16	5.28	10.92	-
Other Current Assets	117.39	105.25	99.95	77.85	55.53
Total Current Assets	813.26	834.12	870.8	800.9	418.85
Property, Plant & Equipment	897.99	837.21	904.51	1,025	966.72
Long-Term Investments	45.55	13.33	13.47	5.4	-
Goodwill	180.91	180.91	192.87	221.5	81
Other Intangible Assets	53.62	68.11	85.04	31.68	19.49
Long-Term Accounts Receivable	0.57	2.82	-	7.8	12.35
Long-Term Deferred Tax Assets	22.39	4.35	1.99	19.86	26.82
Long-Term Deferred Charges	5.39	7.54	7.77	15.16	20.67
Other Long-Term Assets	27.1	6.44	8.45	43.17	19.53
Total Assets	2,047	1,955	2,085	2,170	1,565
Accounts Payable	296.12	344.61	304.21	151.74	182.97
Accrued Expenses	39.08	35.39	41.3	23.61	15.18
Short-Term Debt	357.6	315.22	422.74	282.75	210.99
Current Portion of Long-Term Debt	17.63	31.86	45.61	59.6	42.69
Current Portion of Leases	90.87	69.88	136.07	128.86	134.21
Current Income Taxes Payable	2.89	3.68	4.83	4.1	2.11
Current Unearned Revenue	16.68	25.59	20.94	17.37	7.08
Other Current Liabilities	7.82	40.25	75.33	85.1	9.97
Total Current Liabilities	828.7	866.47	1,051	753.11	605.2
Long-Term Debt	121.39	-	31.69	95	117.72
Long-Term Leases	190.88	102.08	87.46	96.18	177.84
Long-Term Unearned Revenue	29.29	0.92	1.38	1.03	3.13
Long-Term Deferred Tax Liabilities	18.24	0.35	0.4	0.44	-
Other Long-Term Liabilities	6	-	-	-	-
Total Liabilities	1,194	969.82	1,172	945.76	903.89
Common Stock	502.9	500.46	466.82	466.82	411.32
Additional Paid-In Capital	1,031	999.55	672.87	680.86	27.45
Retained Earnings	-767.68	-597.64	-294.5	45.58	234.62
Comprehensive Income & Other	19.54	28.69	23.1	15.44	-24.5
Total Common Equity	785.68	931.06	868.29	1,209	648.89
Minority Interest	66.61	53.95	44.63	15.74	12.65
Shareholders' Equity	852.29	985.01	912.93	1,224	661.54
Total Liabilities & Equity	2,047	1,955	2,085	2,170	1,565
Total Debt	778.39	519.03	723.57	662.38	683.45
Net Cash (Debt)	-378.37	-91.44	-332.11	-282.46	-599.38
Net Cash Per Share	-0.75	-0.18	-0.71	-0.61	-1.46
Filing Date Shares Outstanding	502.3	500.46	500.46	466.82	411.32
Total Common Shares Outstanding	502.3	500.46	466.82	466.82	411.32
Working Capital	-15.44	-32.35	-180.23	47.79	-186.35
Book Value Per Share	1.56	1.86	1.86	2.59	1.58
Tangible Book Value	551.14	682.04	590.39	955.52	548.4
Tangible Book Value Per Share	1.10	1.36	1.26	2.05	1.33
Land	9.66	9.87	9.73	9.57	-
Buildings	27.49	28.11	27.7	27.24	-
Machinery	1,347	1,501	1,323	1,335	1,043
Construction In Progress	99.24	41.21	134.65	115.77	149.63

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