SHE:002501 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	59.02	23.81	125.47	134.02	324.25
Cash & Short-Term Investments	59.02	23.81	125.47	134.02	324.25
Cash Growth	147.91%	-81.03%	-6.38%	-58.67%	-72.40%
Accounts Receivable	327.48	94.72	223.62	335.82	271.53
Other Receivables	21.63	1.06	1.79	5.47	6.58
Receivables	349.1	95.78	225.41	341.29	278.11
Inventory	34.82	41.11	67.41	76.49	99.75
Prepaid Expenses	-	2.12	4.26	-	0.47
Other Current Assets	18.69	17.57	13.25	36.84	44.59
Total Current Assets	461.63	180.38	435.81	588.65	747.17
Property, Plant & Equipment	612.4	682.56	1,115	1,202	1,461
Long-Term Investments	-	-	24.01	-	-
Other Intangible Assets	60.83	63.04	65	66.99	69.31
Other Long-Term Assets	-	4.76	32.43	20.08	17.54
Total Assets	1,135	930.75	1,672	1,878	2,295
Accounts Payable	191.57	20.57	21.56	19.51	19.76
Accrued Expenses	30.31	39.54	27.59	27.01	26.57
Short-Term Debt	0.14	8.27	104.63	93.23	-
Current Portion of Long-Term Debt	181.77	45.73	18.71	18	11.79
Current Portion of Leases	-	1.25	-	-	-
Current Income Taxes Payable	24.38	0.03	-	-	-
Current Unearned Revenue	1.49	2.24	2.06	2.78	3.22
Other Current Liabilities	375.24	141.61	113.46	81.25	161.7
Total Current Liabilities	804.89	259.24	288	241.77	223.05
Long-Term Debt	-	30.26	62.22	78.05	94.39
Long-Term Leases	3.46	5.11	-	-	1.09
Long-Term Unearned Revenue	38.42	45.26	56.45	66.2	75.94
Other Long-Term Liabilities	99.86	224.13	191.97	236.79	238.94
Total Liabilities	946.63	564	598.63	622.81	633.42
Common Stock	3,550	3,550	3,550	3,550	3,550
Additional Paid-In Capital	4,577	4,577	4,577	4,577	4,577
Retained Earnings	-8,003	-7,825	-7,107	-6,926	-6,519
Treasury Stock	-5.5	-5.5	-	-	-
Comprehensive Income & Other	54.8	54.1	53.17	53.43	53.56
Total Common Equity	173.25	351.02	1,074	1,255	1,662
Minority Interest	14.99	15.74	-	-	-
Shareholders' Equity	188.24	366.75	1,074	1,255	1,662
Total Liabilities & Equity	1,135	930.75	1,672	1,878	2,295
Total Debt	185.37	90.62	185.56	189.27	107.27
Net Cash (Debt)	-126.35	-66.81	-60.09	-55.25	216.98
Net Cash Growth	-	-	-	-	-76.98%
Net Cash Per Share	-0.04	-0.02	-0.02	-0.01	0.06
Filing Date Shares Outstanding	1,014	3,545	3,550	3,550	3,550
Total Common Shares Outstanding	1,014	3,545	3,550	3,550	3,550
Working Capital	-343.26	-78.86	147.81	346.88	524.12
Book Value Per Share	0.17	0.10	0.30	0.35	0.47
Tangible Book Value	112.41	287.97	1,009	1,188	1,592
Tangible Book Value Per Share	0.11	0.08	0.28	0.33	0.45
Buildings	-	884.78	1,118	1,118	1,118
Machinery	-	1,623	1,953	1,962	2,275
Construction In Progress	-	71.33	42.11	30.34	44.11

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