SHE:300846 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	230.08	400.01	327.45	391.46	344.92	84.07
Trading Asset Securities	-	-	100.14	-	35	-
Cash & Short-Term Investments	230.08	400.01	427.59	391.46	379.92	84.07
Cash Growth	-45.41%	-6.45%	9.23%	3.04%	351.93%	-53.27%
Accounts Receivable	418.74	285.23	290.92	350.44	320.81	273.81
Other Receivables	17.07	10.63	9.21	23.67	11.4	5.45
Receivables	435.81	295.85	300.13	374.11	332.21	279.25
Inventory	-	-	1.16	5.28	10.92	-
Other Current Assets	102.76	117.39	105.25	99.95	77.85	55.53
Total Current Assets	768.64	813.26	834.12	870.8	800.9	418.85
Property, Plant & Equipment	983.68	897.99	837.21	904.51	1,025	966.72
Long-Term Investments	45.44	45.55	13.33	13.47	5.4	-
Goodwill	180.91	180.91	180.91	192.87	221.5	81
Other Intangible Assets	50.4	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	21.64	22.39	4.35	1.99	19.86	26.82
Long-Term Deferred Charges	6.12	5.39	7.54	7.77	15.16	20.67
Other Long-Term Assets	13.78	27.1	6.44	8.45	43.17	19.53
Total Assets	2,071	2,047	1,955	2,085	2,170	1,565
Accounts Payable	352.66	296.12	344.61	304.21	151.74	182.97
Accrued Expenses	31.32	39.08	35.39	41.3	23.61	15.18
Short-Term Debt	316.45	357.6	315.22	422.74	282.75	210.99
Current Portion of Long-Term Debt	104.02	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	7.53	2.89	3.68	4.83	4.1	2.11
Current Unearned Revenue	17.03	16.68	25.59	20.94	17.37	7.08
Other Current Liabilities	68.84	7.82	40.25	75.33	85.1	9.97
Total Current Liabilities	897.86	828.7	866.47	1,051	753.11	605.2
Long-Term Debt	121.39	121.39	-	31.69	95	117.72
Long-Term Leases	144.48	190.88	102.08	87.46	96.18	177.84
Long-Term Unearned Revenue	26.52	29.29	0.92	1.38	1.03	3.13
Long-Term Deferred Tax Liabilities	17.2	18.24	0.35	0.4	0.44	-
Other Long-Term Liabilities	28.38	6	-	-	-	-
Total Liabilities	1,236	1,194	969.82	1,172	945.76	903.89
Common Stock	502.9	502.9	500.46	466.82	466.82	411.32
Additional Paid-In Capital	1,038	1,031	999.55	672.87	680.86	27.45
Retained Earnings	-789.2	-767.68	-597.64	-294.5	45.58	234.62
Comprehensive Income & Other	13.5	19.54	28.69	23.1	15.44	-24.5
Total Common Equity	765.01	785.68	931.06	868.29	1,209	648.89
Minority Interest	69.76	66.61	53.95	44.63	15.74	12.65
Shareholders' Equity	834.76	852.29	985.01	912.93	1,224	661.54
Total Liabilities & Equity	2,071	2,047	1,955	2,085	2,170	1,565
Total Debt	686.34	778.39	519.03	723.57	662.38	683.45
Net Cash (Debt)	-456.27	-378.37	-91.44	-332.11	-282.46	-599.38
Net Cash Per Share	-0.91	-0.75	-0.18	-0.71	-0.61	-1.46
Filing Date Shares Outstanding	502.88	502.3	500.46	500.46	466.82	411.32
Total Common Shares Outstanding	502.88	502.3	500.46	466.82	466.82	411.32
Working Capital	-129.22	-15.44	-32.35	-180.23	47.79	-186.35
Book Value Per Share	1.52	1.56	1.86	1.86	2.59	1.58
Tangible Book Value	533.7	551.14	682.04	590.39	955.52	548.4
Tangible Book Value Per Share	1.06	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.