Shanghai Re·fine Environment Sci-tech Ltd. (SHE:001396)

SHE:001396 Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Cash & Equivalents	224.52	594	91.73	63.66	84.77
Cash & Short-Term Investments	424.86	594	91.73	63.66	84.77
Cash Growth	-	547.58%	44.09%	-24.91%	-
Accounts Receivable	1,407	1,309	1,170	920.19	719.51
Other Receivables	13	12.54	10.48	0.07	0.06
Receivables	1,420	1,322	1,181	920.99	720.53
Inventory	15.77	11.2	9.12	12.25	14.51
Prepaid Expenses	-	-	-	1.35	1.2
Other Current Assets	14.59	6.64	11.35	16.45	20.04
Total Current Assets	1,876	1,934	1,293	1,015	841.05
Property, Plant & Equipment	87.3	84.25	79.6	91.79	97.84
Other Intangible Assets	1.25	1.42	1.76	1.87	2.24
Long-Term Accounts Receivable	0.73	0.98	1.52	1.96	-
Long-Term Deferred Tax Assets	44.72	40.82	30.62	20.45	14.78
Long-Term Deferred Charges	1.58	1.81	1.89	3.11	2.57
Other Long-Term Assets	0.64	0.49	0.26	0.48	0.21
Total Assets	2,012	2,063	1,409	1,134	958.68

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Accounts Payable	124.02	196.03	193.45	163.4	149.78
Accrued Expenses	153.39	169.26	167.2	140.21	121.12
Short-Term Debt	79.05	118.52	159.85	109.09	68.91
Current Portion of Long-Term Debt	12.27	6.11	0.63	-	-
Current Portion of Leases	10.38	9.27	8.74	10.59	8.24
Current Income Taxes Payable	3.74	19.2	20.3	16.06	11.27
Current Unearned Revenue	1.42	0.47	2.08	1	3.2
Other Current Liabilities	8.52	0.6	0.79	0.37	3.33
Total Current Liabilities	392.8	519.46	553.05	440.73	365.82
Long-Term Debt	170.18	90.92	40.8	-	-
Long-Term Leases	11.45	14	15.03	22.52	21.34
Long-Term Unearned Revenue	-	-	-	1.25	-
Long-Term Deferred Tax Liabilities	7.83	7.04	5.81	5.98	6.26
Total Liabilities	582.26	631.42	614.69	470.47	393.42

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Common Stock	106.9	106.9	80.17	80.17	80.17
Additional Paid-In Capital	753.23	753.23	264.59	264.59	264.59
Retained Earnings	567.44	568.82	443.81	316.58	216.21
Total Common Equity	1,428	1,429	788.57	661.34	560.97
Minority Interest	1.97	3.07	5.53	2.55	4.29
Shareholders' Equity	1,430	1,432	794.1	663.89	565.26
Total Liabilities & Equity	2,012	2,063	1,409	1,134	958.68

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Total Debt	283.33	238.82	225.05	142.21	98.48
Net Cash (Debt)	141.53	355.18	-133.33	-78.55	-13.71
Net Cash Growth	-	-	-	-	-
Net Cash Per Share	1.19	3.32	-1.66	-0.98	-0.17
Filing Date Shares Outstanding	106.9	106.9	80.17	80.3	80.52
Total Common Shares Outstanding	106.9	106.9	80.17	80.3	80.52
Working Capital	1,483	1,414	740.08	573.97	475.23
Book Value Per Share	13.35	13.37	9.84	8.24	6.97
Tangible Book Value	1,426	1,428	786.81	659.47	558.73
Tangible Book Value Per Share	13.34	13.35	9.81	8.21	6.94
Machinery	145.64	137.11	123.08	115.88	109.67

Data Source: S&P Global Market Intelligence Last updated: Aug 28, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 9, 2026

Data Sources Report a data error