SHE:002175 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	264.98	325.91	151.62	113.71	124.21	77.14
Cash & Short-Term Investments	264.98	325.91	151.62	113.71	124.21	77.14
Cash Growth	45.58%	114.95%	33.34%	-8.45%	61.01%	7.37%
Accounts Receivable	100.54	103.82	60.54	42.09	48.8	41.78
Other Receivables	27.4	39.23	5.52	3.71	0.65	0.59
Receivables	127.94	143.05	66.06	45.79	49.45	42.36
Inventory	135.95	116.39	82.82	82.4	92.35	86.46
Other Current Assets	14.85	18.2	5.53	12.79	5.04	6.31
Total Current Assets	543.72	603.55	306.03	254.7	271.05	212.27
Property, Plant & Equipment	366.61	371.99	363.68	399.24	335.2	324.05
Long-Term Investments	2.13	2.14	2.2	0.92	-	-
Goodwill	-	-	1.84	1.84	-	-
Other Intangible Assets	37.92	36.97	35.45	37.09	38.64	37.88
Long-Term Accounts Receivable	-	-	0.86	0.83	-	-
Long-Term Deferred Tax Assets	4.96	4.75	6.13	6.21	6.75	9.96
Long-Term Deferred Charges	6.02	6.1	31.47	13.65	8.76	7.47
Other Long-Term Assets	24.33	24.3	13.54	-	-	24.87
Total Assets	985.7	1,050	761.2	714.47	660.4	616.51
Accounts Payable	58.38	65.48	49.09	36.44	32.74	35.71
Accrued Expenses	6.2	10.62	11.56	9.78	13.93	9.27
Short-Term Debt	47.41	66.94	10.01	8.5	-	50.3
Current Portion of Long-Term Debt	-	11.78	20.02	-	-	-
Current Portion of Leases	-	-	9.71	10.26	0.67	0.72
Current Income Taxes Payable	-	4.59	0.99	2	4.78	2.39
Current Unearned Revenue	31.49	30.63	12.22	10.8	7.62	7.69
Other Current Liabilities	31.18	44.76	7.06	10.22	7.99	5.94
Total Current Liabilities	174.67	234.8	120.67	88.02	67.73	112.02
Long-Term Debt	4	4	9.21	-	-	-
Long-Term Leases	3.26	3.72	22	30.11	1.39	2.07
Long-Term Unearned Revenue	14.13	14.29	14.98	15.82	16.67	17.99
Long-Term Deferred Tax Liabilities	2.56	2.69	0.01	0.02	-	-
Other Long-Term Liabilities	5.41	5.52	-	2.35	86.46	159.54
Total Liabilities	204.03	265.02	166.87	136.31	172.25	291.63
Common Stock	1,277	1,277	1,277	1,277	1,277	1,277
Additional Paid-In Capital	1,042	1,042	830.35	830.35	830.35	819.59
Retained Earnings	-1,500	-1,498	-1,465	-1,482	-1,496	-1,603
Treasury Stock	-45.5	-45.5	-45.5	-45.5	-92.52	-138.36
Comprehensive Income & Other	1.55	1.47	-	-	-30	-30
Total Common Equity	773.93	775.96	596.46	579.85	488.89	324.88
Minority Interest	7.74	8.81	-2.13	-1.69	-0.74	-
Shareholders' Equity	781.67	784.77	594.33	578.16	488.15	324.88
Total Liabilities & Equity	985.7	1,050	761.2	714.47	660.4	616.51
Total Debt	54.68	86.45	70.95	48.87	2.06	53.09
Net Cash (Debt)	210.3	239.46	80.67	64.83	122.15	24.05
Net Cash Growth	182.66%	196.84%	24.43%	-46.92%	407.95%	-
Net Cash Per Share	0.16	0.19	0.06	0.05	0.10	0.02
Filing Date Shares Outstanding	1,241	1,130	1,277	1,277	1,277	1,277
Total Common Shares Outstanding	1,241	1,130	1,277	1,277	1,277	1,277
Working Capital	369.05	368.76	185.36	166.68	203.32	100.25
Book Value Per Share	0.62	0.69	0.47	0.45	0.38	0.25
Tangible Book Value	736	738.99	559.17	540.92	450.26	287
Tangible Book Value Per Share	0.59	0.65	0.44	0.42	0.35	0.22
Buildings	-	-	321.33	321.33	324.41	292.4
Machinery	-	-	182.19	170	154.91	154.08
Construction In Progress	-	-	-	21.69	-	7.14

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