SHE:300846 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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	304.82	400.01	327.45	391.46	344.92	84.07
Trading Asset Securities	30.06	-	100.14	-	35	-
Cash & Short-Term Investments	334.88	400.01	427.59	391.46	379.92	84.07
Cash Growth	-27.47%	-6.45%	9.23%	3.04%	351.93%	-53.27%
Accounts Receivable	299.89	285.23	290.92	350.44	320.81	273.81
Other Receivables	24.4	10.63	9.21	23.67	11.4	5.45
Receivables	324.29	295.85	300.13	374.11	332.21	279.25
Inventory	-	-	1.16	5.28	10.92	-
Other Current Assets	105.99	117.39	105.25	99.95	77.85	55.53
Total Current Assets	765.16	813.26	834.12	870.8	800.9	418.85
Property, Plant & Equipment	1,007	897.99	837.21	904.51	1,025	966.72
Long-Term Investments	45.55	45.55	13.33	13.47	5.4	-
Goodwill	180.91	180.91	180.91	192.87	221.5	81
Other Intangible Assets	44.08	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	18.57	22.39	4.35	1.99	19.86	26.82
Long-Term Deferred Charges	4.83	5.39	7.54	7.77	15.16	20.67
Other Long-Term Assets	11.58	27.1	6.44	8.45	43.17	19.53
Total Assets	2,078	2,047	1,955	2,085	2,170	1,565

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Accounts Payable	364.1	296.12	344.61	304.21	151.74	182.97
Accrued Expenses	28.62	39.08	35.39	41.3	23.61	15.18
Short-Term Debt	606.86	357.6	315.22	422.74	282.75	210.99
Current Portion of Long-Term Debt	88.82	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	12.4	2.89	3.68	4.83	4.1	2.11
Current Unearned Revenue	35.2	16.68	25.59	20.94	17.37	7.08
Other Current Liabilities	1.78	7.82	40.25	75.33	85.1	9.97
Total Current Liabilities	1,138	828.7	866.47	1,051	753.11	605.2
Long-Term Debt	107.9	121.39	-	31.69	95	117.72
Long-Term Leases	131.86	190.88	102.08	87.46	96.18	177.84
Long-Term Unearned Revenue	20.97	29.29	0.92	1.38	1.03	3.13
Long-Term Deferred Tax Liabilities	15.14	18.24	0.35	0.4	0.44	-
Other Long-Term Liabilities	6	6	-	-	-	-
Total Liabilities	1,420	1,194	969.82	1,172	945.76	903.89

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Common Stock	505.62	502.9	500.46	466.82	466.82	411.32
Additional Paid-In Capital	917.27	1,031	999.55	672.87	680.86	27.45
Retained Earnings	-758.88	-767.68	-597.64	-294.5	45.58	234.62
Comprehensive Income & Other	3.81	19.54	28.69	23.1	15.44	-24.5
Total Common Equity	667.81	785.68	931.06	868.29	1,209	648.89
Minority Interest	-9.36	66.61	53.95	44.63	15.74	12.65
Shareholders' Equity	658.45	852.29	985.01	912.93	1,224	661.54
Total Liabilities & Equity	2,078	2,047	1,955	2,085	2,170	1,565

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Total Debt	935.44	778.39	519.03	723.57	662.38	683.45
Net Cash (Debt)	-600.57	-378.37	-91.44	-332.11	-282.46	-599.38
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.19	-0.75	-0.18	-0.71	-0.61	-1.46
Filing Date Shares Outstanding	505.62	502.9	500.46	500.46	466.82	411.32
Total Common Shares Outstanding	505.62	502.9	500.46	466.82	466.82	411.32
Working Capital	-372.62	-15.44	-32.35	-180.23	47.79	-186.35
Book Value Per Share	1.32	1.56	1.86	1.86	2.59	1.58
Tangible Book Value	442.82	551.14	682.04	590.39	955.52	548.4
Tangible Book Value Per Share	0.88	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