SHE:002086 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	241.53	234.96	404.61	1,293	129.79	228.65
Cash & Short-Term Investments	241.53	234.96	404.61	1,293	129.79	228.65
Cash Growth	-22.65%	-41.93%	-68.71%	896.17%	-43.24%	-14.03%
Accounts Receivable	66.47	82.49	75.2	48.84	233.54	52.68
Other Receivables	0.7	0.77	0.61	1.6	7.88	605.1
Receivables	67.17	83.26	75.8	50.44	241.42	657.79
Inventory	279.98	271.85	220.09	129.08	183.27	265.11
Prepaid Expenses	-	-	-	0	0.02	-
Other Current Assets	9.81	16.27	25.65	10.69	22.89	4.43
Total Current Assets	598.49	606.35	726.15	1,483	577.39	1,156
Property, Plant & Equipment	845.19	865.54	944.83	1,038	1,198	1,247
Long-Term Investments	-	-	0	0	-	-
Goodwill	3.88	3.88	4.17	4.17	4.17	4.17
Other Intangible Assets	66.04	66.11	65.72	84.98	115.31	140.85
Long-Term Deferred Tax Assets	-	-	-	10.94	7.27	1.06
Long-Term Deferred Charges	3.58	3	6.13	6.68	13.5	15.63
Other Long-Term Assets	69.43	70.54	74.85	79.64	87.2	88.84
Total Assets	1,587	1,615	1,822	2,708	2,002	2,654
Accounts Payable	102.54	112.19	99.93	84.27	193.18	138.1
Accrued Expenses	14.49	16.26	24.31	31.28	113.45	77.22
Short-Term Debt	-	4.7	4.7	4.7	419.82	511.03
Current Portion of Long-Term Debt	6.27	6.26	-	393.7	0.04	-
Current Portion of Leases	-	-	10.15	8.97	9.92	8.36
Current Income Taxes Payable	4.5	4.05	0.01	2.48	3.62	2.09
Current Unearned Revenue	2.54	4.15	1.84	5.75	10.97	9.22
Other Current Liabilities	31.74	29.8	72.7	237.94	878.15	702.89
Total Current Liabilities	162.08	177.42	213.65	769.1	1,629	1,449
Long-Term Debt	-	-	-	99	40.91	40.07
Long-Term Leases	42.06	41.98	48.27	72	94.73	86.94
Long-Term Unearned Revenue	86.17	88.62	99.04	111.04	115.53	130.41
Long-Term Deferred Tax Liabilities	-	-	-	0.08	0.42	-
Other Long-Term Liabilities	21.42	21.42	19.04	29.63	1,276	525.52
Total Liabilities	311.73	329.44	379.99	1,081	3,156	2,232
Common Stock	1,959	1,959	1,959	1,959	756.35	756.35
Additional Paid-In Capital	1,994	1,994	1,994	1,994	2,075	2,075
Retained Earnings	-2,609	-2,598	-2,445	-2,255	-4,005	-2,420
Treasury Stock	-83.31	-83.31	-83.31	-87.39	-	-
Comprehensive Income & Other	7.64	7.35	7.11	6.7	5.72	-0.72
Total Common Equity	1,268	1,279	1,432	1,617	-1,168	410.48
Minority Interest	6.79	6.9	10.34	9.33	14.1	11.4
Shareholders' Equity	1,275	1,286	1,442	1,627	-1,154	421.88
Total Liabilities & Equity	1,587	1,615	1,822	2,708	2,002	2,654
Total Debt	48.33	52.94	63.12	578.37	565.42	646.39
Net Cash (Debt)	193.2	182.02	341.49	714.54	-435.63	-417.74
Net Cash Growth	-22.40%	-46.70%	-52.21%	-	-	-
Net Cash Per Share	0.12	0.10	0.18	0.36	-0.22	-0.55
Filing Date Shares Outstanding	1,127	1,310	1,959	5,641	756.35	756.35
Total Common Shares Outstanding	1,127	1,310	1,959	5,641	756.35	756.35
Working Capital	436.41	428.94	512.51	714.03	-1,052	-292.94
Book Value Per Share	1.13	0.98	0.73	0.29	-1.54	0.54
Tangible Book Value	1,198	1,209	1,362	1,528	-1,287	265.46
Tangible Book Value Per Share	1.06	0.92	0.70	0.27	-1.70	0.35
Buildings	-	-	1,553	1,556	1,626	1,602
Machinery	-	-	306.04	304.34	303.76	303.08
Construction In Progress	-	-	0.6	0.59	9.9	9.77

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