SHE:002058 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	105.75	136.32	89.62	53.37	85.77	66.8
Trading Asset Securities	-	-	-	-	0.33	0.52
Cash & Short-Term Investments	105.75	136.32	89.62	53.37	86.1	67.32
Cash Growth	44.01%	52.10%	67.94%	-38.02%	27.90%	-34.83%
Accounts Receivable	473.08	464.05	57.11	66.66	84.53	97.61
Other Receivables	1.56	2.18	4.86	2.81	2.52	3.24
Receivables	474.64	466.23	61.97	69.47	87.05	100.85
Inventory	187.88	175.94	95.78	117.09	123.48	113.19
Other Current Assets	15.96	19.71	1.79	1.44	4	1.69
Total Current Assets	784.24	798.2	249.17	241.36	300.62	283.04
Property, Plant & Equipment	438.55	399.95	26.2	26.79	32.08	33.23
Long-Term Investments	5.82	5.82	14.36	15.79	16.7	17.48
Other Intangible Assets	30.78	31.58	4.51	4.18	4.77	5.43
Long-Term Deferred Tax Assets	9.41	8.92	16.42	12.5	10.86	7.91
Long-Term Deferred Charges	0.77	1.61	5.84	7.31	8.25	9.8
Other Long-Term Assets	0.91	2.32	0.09	0.86	-	2
Total Assets	1,270	1,248	316.58	308.79	373.29	358.89
Accounts Payable	67.42	85.75	23.61	25.1	45.56	23.73
Accrued Expenses	11.51	18.92	7.39	9.03	13.9	30.16
Short-Term Debt	215.13	225.14	52.03	24.02	40.04	30.03
Current Portion of Long-Term Debt	106.41	104.2	-	-	-	-
Current Portion of Leases	-	-	3.62	0.66	2.53	3.15
Current Income Taxes Payable	5.78	8.82	3	0.99	3.54	4.92
Current Unearned Revenue	26.91	22.2	40.85	47.83	44.24	22.23
Other Current Liabilities	44.65	51.33	8.21	8.94	13.8	14.65
Total Current Liabilities	477.82	516.36	138.73	116.58	163.62	128.86
Long-Term Debt	290.23	290	-	-	-	-
Long-Term Leases	98.43	55.08	1.6	3.14	4.75	8.05
Long-Term Unearned Revenue	17.81	18.45	3	3	3	3
Other Long-Term Liabilities	37	36.71	-	-	-	-
Total Liabilities	921.28	916.59	143.33	122.72	171.36	139.91
Common Stock	143.45	143.45	143.45	143.45	143.45	143.45
Additional Paid-In Capital	0.04	0.04	3.96	3.96	3.96	3.96
Retained Earnings	-80.14	-87.65	-21.62	-4.38	12.68	33.59
Comprehensive Income & Other	-	-	-	0.17	0.18	-
Total Common Equity	63.35	55.84	125.79	143.2	160.27	181.01
Minority Interest	285.83	275.97	47.45	42.86	41.66	37.97
Shareholders' Equity	349.18	331.81	173.24	186.06	201.92	218.98
Total Liabilities & Equity	1,270	1,248	316.58	308.79	373.29	358.89
Total Debt	710.2	674.41	57.26	27.83	47.32	41.24
Net Cash (Debt)	-604.44	-538.1	32.36	25.54	38.78	26.08
Net Cash Growth	-	-	26.73%	-34.14%	48.69%	-68.68%
Net Cash Per Share	-4.16	-3.76	0.23	0.18	0.27	0.18
Filing Date Shares Outstanding	150.24	141.56	143.45	143.45	143.45	143.45
Total Common Shares Outstanding	150.24	141.56	143.45	143.45	143.45	143.45
Working Capital	306.42	281.84	110.44	124.78	137.01	154.18
Book Value Per Share	0.42	0.39	0.88	1.00	1.12	1.26
Tangible Book Value	32.58	24.26	121.28	139.02	155.5	175.58
Tangible Book Value Per Share	0.22	0.17	0.85	0.97	1.08	1.22
Buildings	-	-	45.46	45.46	45.46	45.46
Machinery	-	-	120	119.79	112.95	113.65
Construction In Progress	-	-	-	-	6.25	-

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