SHE:000518 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	74.99	89.55	8.01	18.93	28.18	38.11
Trading Asset Securities	0.13	0.14	0.17	0.14	0.16	0.23
Cash & Short-Term Investments	75.12	89.69	8.18	19.06	28.34	38.34
Cash Growth	526.54%	995.94%	-57.07%	-32.74%	-26.07%	-29.77%
Accounts Receivable	77.46	74.54	72.95	75.32	110.11	139.13
Other Receivables	1.18	1.11	0.98	1.27	9.37	3.16
Receivables	78.63	75.66	73.93	76.58	119.48	142.29
Inventory	170.01	218.87	359.88	408.53	408.76	430.67
Prepaid Expenses	-	0.02	0.03	0.08	3.4	3.4
Other Current Assets	1.37	0.47	4.59	5.12	4.84	5.75
Total Current Assets	325.13	384.71	446.61	509.38	564.82	620.44
Property, Plant & Equipment	65.47	67.08	75.06	84.09	85.06	92.04
Long-Term Investments	47.19	-	0.08	-	0.54	0.74
Other Intangible Assets	9.69	9.94	11.43	30.01	31.07	23.31
Long-Term Deferred Tax Assets	6.38	6.16	4.84	4.9	5.21	4.5
Long-Term Deferred Charges	-	-	-	-	15.58	17.98
Other Long-Term Assets	25.35	26.16	29.38	32.59	35.8	40.31
Total Assets	479.21	494.04	567.4	660.98	738.08	799.31
Accounts Payable	36.78	44.54	60.57	49.89	52.7	60.77
Accrued Expenses	0.32	10.74	9.6	10.29	12.35	7.98
Short-Term Debt	20	10	9.5	16.02	16	16.01
Current Portion of Leases	-	5.04	5.63	5.41	4.38	4.29
Current Income Taxes Payable	5.17	1.94	1.94	1.94	1.94	1.94
Current Unearned Revenue	14.34	16.61	32.35	16.75	18.62	18.52
Other Current Liabilities	21.39	17.19	14.16	17.85	10.22	11.42
Total Current Liabilities	103.23	106.07	133.75	118.15	116.22	120.93
Long-Term Leases	15.68	15.11	21.14	26.47	28.37	30.8
Long-Term Unearned Revenue	0.08	0.08	-	-	-	0.8
Other Long-Term Liabilities	13.14	13.41	13.54	3.57	-	-
Total Liabilities	132.13	134.68	168.43	148.19	144.58	152.54
Common Stock	1,030	1,030	1,030	1,030	1,030	1,030
Additional Paid-In Capital	35.57	35.57	35.57	35.57	35.57	35.57
Retained Earnings	-742.43	-731.12	-694.03	-584.04	-508.77	-459.97
Comprehensive Income & Other	0.61	0.61	0.61	0.61	0.88	0.88
Total Common Equity	323.31	334.62	371.71	481.71	557.24	606.03
Minority Interest	23.77	24.74	27.26	31.07	36.25	40.74
Shareholders' Equity	347.08	359.36	398.97	512.78	593.5	646.78
Total Liabilities & Equity	479.21	494.04	567.4	660.98	738.08	799.31
Total Debt	40.9	30.16	36.27	47.9	48.75	51.1
Net Cash (Debt)	34.22	59.54	-28.09	-28.84	-20.41	-12.77
Net Cash Per Share	0.03	0.06	-0.03	-0.03	-0.02	-0.01
Filing Date Shares Outstanding	1,029	1,030	1,030	1,030	1,030	1,030
Total Common Shares Outstanding	1,029	1,030	1,030	1,030	1,030	1,030
Working Capital	221.9	278.63	312.86	391.23	448.6	499.51
Book Value Per Share	0.31	0.33	0.36	0.47	0.54	0.59
Tangible Book Value	313.62	324.68	360.28	451.7	526.18	582.72
Tangible Book Value Per Share	0.30	0.32	0.35	0.44	0.51	0.57
Buildings	-	60.75	60.75	57.74	57.74	57.74
Machinery	-	80.23	83.26	81.89	78.07	74.95
Construction In Progress	-	0.15	-	3.94	2.13	-

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