SHE:002356 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	337.91	310.04	203.5	545.68	563.05	639.55
Short-Term Investments	-	-	170.34	-	-	-
Trading Asset Securities	20.09	70	40.27	-	-	-
Cash & Short-Term Investments	358	380.04	414.1	545.68	563.05	639.55
Cash Growth	37.30%	-8.23%	-24.11%	-3.08%	-11.96%	441.57%
Accounts Receivable	22.54	21.12	47.9	25.11	27.97	98.75
Other Receivables	4.09	4.18	10.21	10.66	16.71	34.57
Receivables	26.62	25.31	58.12	35.77	44.68	133.32
Inventory	40.26	48.13	58.11	67.57	73.52	93.08
Other Current Assets	40.29	31.37	40.72	52.76	48.7	64.07
Total Current Assets	465.18	484.85	571.05	701.78	729.94	930.02
Property, Plant & Equipment	199.71	203.8	182.17	71.13	80.49	93.36
Long-Term Investments	5.96	5.96	5.89	5.53	5.56	10.5
Other Intangible Assets	64.44	58.73	57.44	16.46	17.3	25.28
Long-Term Deferred Tax Assets	9.16	9.06	2.59	-	-	-
Long-Term Deferred Charges	2.66	3.03	2.86	5.78	11.34	15.41
Other Long-Term Assets	38.63	48.44	0.69	-	-	-
Total Assets	785.75	813.87	822.69	800.67	844.63	1,075
Accounts Payable	50.39	72.21	42.17	8.07	17.17	18.41
Accrued Expenses	6.66	8.47	10.03	17.49	22.77	46.99
Current Portion of Long-Term Debt	1.12	-	-	-	-	1.31
Current Portion of Leases	-	0.98	2.62	2.66	3.45	2.78
Current Income Taxes Payable	2.48	0.06	0.05	-	0.18	0.18
Current Unearned Revenue	4.79	4.52	4.04	1.78	1.91	16.68
Other Current Liabilities	12.16	13.4	127.2	170.67	171.97	284.27
Total Current Liabilities	77.6	99.64	186.11	200.66	217.44	370.63
Long-Term Leases	2.55	0.49	1.16	0.35	1.18	1.15
Long-Term Unearned Revenue	-	-	0.09	-	9.25	12.79
Long-Term Deferred Tax Liabilities	6.7	6.71	0.45	-	-	-
Other Long-Term Liabilities	-	-	1.31	10.18	-	-
Total Liabilities	86.85	106.84	189.12	211.2	227.86	384.57
Common Stock	1,311	1,311	1,311	1,311	1,311	1,311
Additional Paid-In Capital	2,089	2,089	2,080	2,059	2,041	2,050
Retained Earnings	-2,801	-2,793	-2,832	-2,788	-2,741	-2,679
Treasury Stock	-	-	-	-	-4.86	-4.86
Total Common Equity	599.38	606.88	559.98	582.84	606.57	677.03
Minority Interest	99.51	100.14	73.59	6.63	10.2	12.97
Shareholders' Equity	698.89	707.03	633.57	589.47	616.77	690
Total Liabilities & Equity	785.75	813.87	822.69	800.67	844.63	1,075
Total Debt	3.66	1.48	3.78	3.01	4.63	5.25
Net Cash (Debt)	354.34	378.56	410.32	542.67	558.42	634.31
Net Cash Growth	37.52%	-7.74%	-24.39%	-2.82%	-11.96%	-
Net Cash Per Share	0.27	0.29	0.31	0.41	0.43	0.48
Filing Date Shares Outstanding	1,316	1,311	1,311	1,311	1,311	1,311
Total Common Shares Outstanding	1,316	1,311	1,311	1,311	1,311	1,311
Working Capital	387.57	385.21	384.95	501.11	512.51	559.39
Book Value Per Share	0.46	0.46	0.43	0.44	0.46	0.52
Tangible Book Value	534.94	548.15	502.55	566.39	589.27	651.75
Tangible Book Value Per Share	0.41	0.42	0.38	0.43	0.45	0.50
Buildings	-	194.87	217.04	127.35	127.35	127.35
Machinery	-	93.06	55.91	19.55	33.76	69.61
Construction In Progress	-	7.7	5.02	-	1.08	2.13

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