SHE:002052 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	299.01	319.26	328.41	11.03	36.65	14.64
Cash & Short-Term Investments	299.01	319.26	328.41	11.03	36.65	14.64
Cash Growth	198.25%	-2.79%	2876.22%	-69.90%	150.40%	-78.39%
Accounts Receivable	64.07	49.52	457.87	79.5	99.99	100.06
Other Receivables	3.76	2.29	4.27	18.35	21.98	13.62
Receivables	67.83	51.81	462.14	97.85	121.97	113.68
Inventory	35.35	20.94	227.43	47.58	35.84	28.23
Other Current Assets	80.42	77.67	71.22	39.88	77.62	35.42
Total Current Assets	482.61	469.68	1,089	196.34	272.08	191.97
Property, Plant & Equipment	31.76	28.99	54.8	78.62	40.26	212.48
Long-Term Investments	10.99	10.99	36.54	41.52	51.68	55.91
Goodwill	1.97	1.97	2.01	4.1	1.94	-
Other Intangible Assets	4.68	4.71	5.09	5.52	5.95	22.3
Long-Term Deferred Charges	0.58	0.54	1.78	2.11	1.76	2.29
Other Long-Term Assets	39.07	41.14	50.23	59.9	67.58	0.78
Total Assets	571.66	558.03	1,240	388.11	441.27	485.74
Accounts Payable	49.86	38.17	804.58	36.4	31.86	35.57
Accrued Expenses	13.26	64.22	92.99	84.44	84.11	95.67
Short-Term Debt	-	98.85	107.19	121.46	96.08	141.13
Current Portion of Leases	-	6.8	9.81	10.57	2.55	4.21
Current Income Taxes Payable	6.73	0.01	1.18	0.01	0.01	0.42
Current Unearned Revenue	9.73	68.81	97.55	58.13	66	24.33
Other Current Liabilities	215.36	18.34	17.26	22.5	29.96	86.47
Total Current Liabilities	305.14	295.2	1,131	333.51	310.57	387.8
Long-Term Leases	4.04	2.01	8.14	15.32	7.14	17.59
Long-Term Unearned Revenue	2.89	2.96	4.33	7.18	8.91	14.13
Other Long-Term Liabilities	23.58	23.54	46.43	38.59	38.7	25.82
Total Liabilities	335.65	323.71	1,189	394.59	365.32	445.34
Common Stock	752.44	752.44	745.96	745.96	745.96	745.96
Additional Paid-In Capital	1,035	1,035	1,027	1,017	1,015	918.93
Retained Earnings	-1,504	-1,511	-1,691	-1,760	-1,684	-1,637
Comprehensive Income & Other	-4.69	-0.34	5.32	6.17	7.13	12.21
Total Common Equity	278.55	276.41	87.08	8.45	83.97	40.56
Minority Interest	-42.54	-42.1	-36.91	-14.93	-8.02	-0.16
Shareholders' Equity	236.01	234.32	50.16	-6.48	75.95	40.4
Total Liabilities & Equity	571.66	558.03	1,240	388.11	441.27	485.74
Total Debt	14.24	107.66	125.14	147.35	105.78	162.93
Net Cash (Debt)	284.78	211.6	203.27	-136.31	-69.12	-148.29
Net Cash Growth	243.42%	4.10%	-	-	-	-
Net Cash Per Share	0.38	0.28	0.26	-0.18	-0.09	-0.20
Filing Date Shares Outstanding	754.19	752.44	745.96	745.96	745.96	745.96
Total Common Shares Outstanding	754.19	752.44	745.96	745.96	745.96	745.96
Working Capital	177.48	174.48	-41.36	-137.16	-38.49	-195.83
Book Value Per Share	0.37	0.37	0.12	0.01	0.11	0.05
Tangible Book Value	271.9	269.73	79.98	-1.17	76.07	18.26
Tangible Book Value Per Share	0.36	0.36	0.11	-0.00	0.10	0.02
Buildings	-	-	-	-	-	327.8
Machinery	-	77.19	89.16	91.97	63.11	109.32
Construction In Progress	-	-	-	3.5	0.69	0.6

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