SHE:002259 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	213.49	236.66	278.55	221.06	217.22	165.41
Cash & Short-Term Investments	213.49	236.66	278.55	221.06	217.22	165.41
Cash Growth	-32.00%	-15.04%	26.01%	1.77%	31.32%	-15.56%
Accounts Receivable	2.33	2.49	5.39	2.64	15.53	14.19
Other Receivables	1.62	5.1	5.13	3.67	15.9	7.33
Receivables	3.95	7.59	10.52	6.31	31.43	21.52
Inventory	30.36	32.6	24.61	21.02	20.37	29.17
Other Current Assets	6.41	6.43	5.97	11	14.32	4.19
Total Current Assets	254.22	283.28	319.66	259.39	283.34	220.28
Property, Plant & Equipment	437.43	451.71	505.94	553.77	599.51	647.43
Long-Term Investments	12.75	12.75	13.44	14.72	16.92	27.45
Other Intangible Assets	49.78	50.28	52.05	53.63	57.78	58.82
Long-Term Deferred Tax Assets	2.89	3.23	3.86	3.53	3.71	4.44
Long-Term Deferred Charges	0	0.01	0.01	0.01	0.01	0.04
Other Long-Term Assets	1.61	7.75	7.95	8.2	8.61	9.01
Total Assets	758.68	809.01	902.92	893.25	969.87	967.47
Accounts Payable	20.88	21.21	21.76	18.76	25.23	19.92
Accrued Expenses	14.7	61.85	58.47	62.22	75.28	176
Short-Term Debt	-	95.5	88.3	90.5	90	248.06
Current Portion of Long-Term Debt	0.25	-	143.69	-	152.91	38
Current Portion of Leases	-	0.41	0.86	0.58	0.71	80.97
Current Income Taxes Payable	1.68	0.73	6.95	3.46	9.75	7.4
Current Unearned Revenue	9.66	10.35	8.73	15.02	14.76	23.62
Other Current Liabilities	113.21	86.37	22.86	27.26	13.87	52.82
Total Current Liabilities	160.38	276.42	351.61	217.79	382.52	646.8
Long-Term Debt	36.6	48.69	-	176.19	124.83	150
Long-Term Leases	0.27	0.27	0.28	0.34	0.04	0.96
Long-Term Unearned Revenue	1.37	1.4	1.52	1.64	1.76	1.88
Long-Term Deferred Tax Liabilities	3.78	3.82	4.45	4.78	5.01	5.48
Other Long-Term Liabilities	90.68	90.46	280.39	235.84	207.41	38.06
Total Liabilities	293.08	421.06	638.26	636.59	721.58	843.18
Common Stock	752.33	752.33	752.33	752.33	752.33	752.33
Additional Paid-In Capital	620.42	620.42	620.42	620.42	620.63	427.75
Retained Earnings	-926.37	-1,003	-1,135	-1,147	-1,146	-1,082
Comprehensive Income & Other	11.8	10.62	16.92	19.44	13.86	16.66
Total Common Equity	458.18	380.08	254.55	245.07	240.8	114.7
Minority Interest	7.42	7.87	10.11	11.6	7.49	9.59
Shareholders' Equity	465.6	387.95	264.66	256.66	248.29	124.29
Total Liabilities & Equity	758.68	809.01	902.92	893.25	969.87	967.47
Total Debt	37.12	144.86	233.12	267.61	368.49	518
Net Cash (Debt)	176.37	91.79	45.43	-46.55	-151.27	-352.59
Net Cash Growth	4.20%	102.06%	-	-	-	-
Net Cash Per Share	0.23	0.12	0.06	-0.06	-0.20	-0.47
Filing Date Shares Outstanding	752.67	752.33	752.33	752.33	752.33	752.33
Total Common Shares Outstanding	752.67	752.33	752.33	752.33	752.33	752.33
Working Capital	93.84	6.86	-31.95	41.6	-99.19	-426.51
Book Value Per Share	0.61	0.51	0.34	0.33	0.32	0.15
Tangible Book Value	408.4	329.8	202.5	191.43	183.02	55.89
Tangible Book Value Per Share	0.54	0.44	0.27	0.25	0.24	0.07
Buildings	-	355.96	355.96	353.82	354.11	355.29
Machinery	-	646.54	645.46	642.83	636.5	631.8
Construction In Progress	-	23.37	24.45	23.85	23.56	25.49

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