SHE:002199 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	90.15	101.12	56.04	56.68	42.19	175.31
Cash & Short-Term Investments	90.15	101.12	56.04	56.68	42.19	175.31
Cash Growth	35.38%	80.47%	-1.14%	34.34%	-75.93%	57.96%
Accounts Receivable	88.63	114.18	90.75	73.26	78.03	95.31
Other Receivables	0.05	0	0.19	0.46	0.45	0.16
Receivables	88.68	114.18	90.94	73.72	78.48	95.48
Inventory	124.19	90.4	72.11	65.06	84.4	97.69
Other Current Assets	34.74	14.28	10.39	7.44	3.35	7.86
Total Current Assets	337.76	319.98	229.47	202.9	208.43	376.34
Property, Plant & Equipment	239.3	248.63	247.72	298.94	322.29	280.63
Long-Term Investments	0.9	0.9	0.9	0.9	11.19	0.9
Other Intangible Assets	5.78	6.12	7.36	8.76	3.61	3.04
Long-Term Deferred Charges	1.88	1.93	3.46	5.4	5.18	4.63
Other Long-Term Assets	0.04	-	-	0.32	1.25	4.58
Total Assets	585.65	577.57	488.91	517.23	551.94	670.12
Accounts Payable	136.36	133.54	106.41	59.7	77.24	115.15
Accrued Expenses	2.76	3.34	3.19	2.99	2.39	2.64
Short-Term Debt	72.01	44.98	23.02	40.04	22.05	10.01
Current Portion of Long-Term Debt	-	53.65	21.6	20.1	10.06	5.07
Current Portion of Leases	-	-	3.59	3.72	3.73	3.57
Current Income Taxes Payable	3.92	2.83	-	-	-	-
Current Unearned Revenue	0.34	0.17	0.2	0.26	0.46	0.13
Other Current Liabilities	142.78	107.16	22.68	12.97	9.97	28.43
Total Current Liabilities	358.16	345.67	180.7	139.8	125.89	165
Long-Term Debt	12.94	14.89	63.34	54.78	35	45
Long-Term Leases	18.84	19.41	0.86	4.46	8.18	8.96
Long-Term Unearned Revenue	14.6	15.38	14.17	16.49	15.84	14.81
Total Liabilities	404.54	395.36	259.07	215.53	184.91	233.77
Common Stock	243.44	243.44	243.44	243.44	243.44	243.44
Additional Paid-In Capital	516.8	516.1	515.56	515.56	515.56	515.56
Retained Earnings	-584.52	-582.72	-532.7	-459.24	-392.65	-323.54
Comprehensive Income & Other	5.39	5.39	3.54	1.95	-	-
Total Common Equity	181.11	182.21	229.84	301.7	366.35	435.46
Minority Interest	-	-	-	-	0.68	0.88
Shareholders' Equity	181.11	182.21	229.84	301.7	367.03	436.34
Total Liabilities & Equity	585.65	577.57	488.91	517.23	551.94	670.12
Total Debt	103.79	132.94	112.42	123.11	79.01	72.62
Net Cash (Debt)	-13.64	-31.81	-56.38	-66.43	-36.82	102.69
Net Cash Growth	-	-	-	-	-	-7.47%
Net Cash Per Share	-0.06	-0.13	-0.23	-0.27	-0.15	0.43
Filing Date Shares Outstanding	242.71	222.24	243.44	243.44	243.44	243.44
Total Common Shares Outstanding	242.71	222.24	243.44	243.44	243.44	243.44
Working Capital	-20.41	-25.69	48.78	63.1	82.54	211.34
Book Value Per Share	0.75	0.82	0.94	1.24	1.50	1.79
Tangible Book Value	175.34	176.09	222.48	292.94	362.74	432.42
Tangible Book Value Per Share	0.72	0.79	0.91	1.20	1.49	1.78
Buildings	-	-	80.66	80.23	80.23	37.04
Machinery	-	-	570.38	570.16	527.99	505.98
Construction In Progress	-	-	4.13	18.09	55.26	60.53

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