SHE:002496 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

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	25	21.33	28.51	72.97	57.97	155.67
Trading Asset Securities	0.1	0.1	-	-	-	2
Cash & Short-Term Investments	25.1	21.43	28.51	72.97	57.97	157.67
Cash Growth	-34.53%	-24.84%	-60.93%	25.88%	-63.23%	-63.26%
Accounts Receivable	58.61	79.74	87.49	56.85	111.66	143.39
Other Receivables	61.46	59.45	100.4	92.08	224.4	285.53
Receivables	120.08	139.2	187.89	148.93	336.06	428.91
Inventory	71.02	68.68	57.48	98.78	83.04	128.03
Prepaid Expenses	-	-	2.18	-	-	-
Other Current Assets	46.5	45.86	51.55	63.11	65.55	53.37
Total Current Assets	262.69	275.16	327.61	383.8	542.62	767.97
Property, Plant & Equipment	321.9	323.56	392.1	480.79	507.53	583.93
Long-Term Investments	1,319	1,303	1,438	1,705	1,953	2,082
Goodwill	12.84	12.84	-	-	-	-
Other Intangible Assets	63.27	64.44	68.76	111.35	113.81	124.85
Long-Term Deferred Tax Assets	18.09	18.79	18.85	35.42	114.18	130.32
Long-Term Deferred Charges	16.63	17.27	25.79	18.56	29.14	28.89
Other Long-Term Assets	0.28	2.72	2.93	14.48	8.48	45.86
Total Assets	2,015	2,018	2,274	2,749	3,269	3,764

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
Accounts Payable	95.34	59.04	123.65	216.36	313.19	357.15
Accrued Expenses	7.57	72.7	130.03	103.25	115.74	103.15
Short-Term Debt	267.77	327.69	348.1	559.16	486.63	612.34
Current Portion of Long-Term Debt	-	3.05	3	3	3	-
Current Portion of Leases	-	1.16	0.93	0.88	0.84	-
Current Income Taxes Payable	68.03	66.53	71.44	71.45	78.58	72.11
Current Unearned Revenue	42.02	32.98	38.19	38.76	44.92	40.99
Other Current Liabilities	306.98	231.79	144.7	8.21	17.74	18.41
Total Current Liabilities	787.71	794.94	860.05	1,001	1,061	1,204
Long-Term Debt	44.58	44.6	36.06	39.06	42.07	-
Long-Term Leases	1.42	1.71	1.84	2.78	3.66	-
Long-Term Unearned Revenue	15.9	11.92	12.72	25.21	26.47	29.51
Long-Term Deferred Tax Liabilities	8.37	8.43	19.33	20.14	86.1	88.44
Other Long-Term Liabilities	76.24	76.13	72.09	242.89	201.14	221.28
Total Liabilities	934.22	937.73	1,002	1,331	1,420	1,543

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
Common Stock	1,508	1,508	1,508	1,508	1,508	1,508
Additional Paid-In Capital	709.66	709.66	709.66	709.66	712.81	712.81
Retained Earnings	-1,096	-1,096	-881.76	-726.67	-259.34	195.61
Comprehensive Income & Other	-7.22	-7.22	-7.11	-4.21	-2.4	-4.13
Total Common Equity	1,114	1,114	1,328	1,486	1,959	2,412
Minority Interest	-33.8	-33.32	-56.17	-68.07	-109.79	-191.24
Shareholders' Equity	1,081	1,081	1,272	1,418	1,849	2,221
Total Liabilities & Equity	2,015	2,018	2,274	2,749	3,269	3,764

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
Total Debt	313.77	378.21	389.94	604.89	536.19	612.34
Net Cash (Debt)	-288.67	-356.78	-361.43	-531.91	-478.22	-454.67
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.19	-0.24	-0.23	-0.35	-0.32	-0.30
Filing Date Shares Outstanding	1,508	1,508	1,508	1,508	1,508	1,508
Total Common Shares Outstanding	1,508	1,508	1,508	1,508	1,508	1,508
Working Capital	-525.02	-519.78	-532.44	-617.28	-518.02	-436.17
Book Value Per Share	0.74	0.74	0.88	0.99	1.30	1.60
Tangible Book Value	1,038	1,037	1,260	1,375	1,845	2,287
Tangible Book Value Per Share	0.69	0.69	0.84	0.91	1.22	1.52
Buildings	-	451.31	545.48	597.58	614.93	689.81
Machinery	-	142.22	172.78	248.62	239.48	237.54
Construction In Progress	-	4.78	0.65	11.31	8.67	8.79