SHE:002501 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	5.3	59.02	23.81	125.47	134.02	324.25
Cash & Short-Term Investments	5.3	59.02	23.81	125.47	134.02	324.25
Cash Growth	-77.59%	147.91%	-81.03%	-6.38%	-58.67%	-72.40%
Accounts Receivable	202.44	327.48	94.72	223.62	335.82	271.53
Other Receivables	57.46	21.63	1.06	1.79	5.47	6.58
Receivables	259.9	349.1	95.78	225.41	341.29	278.11
Inventory	53.76	34.82	41.11	67.41	76.49	99.75
Prepaid Expenses	-	1.76	2.12	4.26	-	0.47
Other Current Assets	25.48	16.93	17.57	13.25	36.84	44.59
Total Current Assets	344.45	461.63	180.38	435.81	588.65	747.17
Property, Plant & Equipment	605.05	608.69	682.56	1,115	1,202	1,461
Long-Term Investments	-	-	-	24.01	-	-
Other Intangible Assets	60.23	60.83	63.04	65	66.99	69.31
Other Long-Term Assets	-	3.71	4.76	32.43	20.08	17.54
Total Assets	1,010	1,135	930.75	1,672	1,878	2,295
Accounts Payable	135.6	191.57	20.57	21.56	19.51	19.76
Accrued Expenses	35.6	59.38	39.54	27.59	27.01	26.57
Short-Term Debt	160.07	150.14	8.27	104.63	93.23	-
Current Portion of Long-Term Debt	-	80.53	45.73	18.71	18	11.79
Current Portion of Leases	-	1.27	1.25	-	-	-
Current Income Taxes Payable	23.2	-	0.03	-	-	-
Current Unearned Revenue	3.87	1.49	2.24	2.06	2.78	3.22
Other Current Liabilities	337.07	320.51	141.61	113.46	81.25	161.7
Total Current Liabilities	695.41	804.89	259.24	288	241.77	223.05
Long-Term Debt	-	-	30.26	62.22	78.05	94.39
Long-Term Leases	3.48	3.46	5.11	-	-	1.09
Long-Term Unearned Revenue	37.38	38.42	45.26	56.45	66.2	75.94
Other Long-Term Liabilities	98.78	99.86	224.13	191.97	236.79	238.94
Total Liabilities	835.05	946.63	564	598.63	622.81	633.42
Common Stock	3,550	3,550	3,550	3,550	3,550	3,550
Additional Paid-In Capital	4,577	4,577	4,577	4,577	4,577	4,577
Retained Earnings	-8,016	-8,003	-7,825	-7,107	-6,926	-6,519
Treasury Stock	-5.5	-5.5	-5.5	-	-	-
Comprehensive Income & Other	54.87	54.8	54.1	53.17	53.43	53.56
Total Common Equity	160.42	173.25	351.02	1,074	1,255	1,662
Minority Interest	14.26	14.99	15.74	-	-	-
Shareholders' Equity	174.68	188.24	366.75	1,074	1,255	1,662
Total Liabilities & Equity	1,010	1,135	930.75	1,672	1,878	2,295
Total Debt	163.55	235.4	90.62	185.56	189.27	107.27
Net Cash (Debt)	-158.25	-176.38	-66.81	-60.09	-55.25	216.98
Net Cash Growth	-	-	-	-	-	-76.98%
Net Cash Per Share	-0.04	-0.05	-0.02	-0.02	-0.01	0.06
Filing Date Shares Outstanding	3,545	3,545	3,545	3,550	3,550	3,550
Total Common Shares Outstanding	3,545	3,545	3,545	3,550	3,550	3,550
Working Capital	-350.96	-343.26	-78.86	147.81	346.88	524.12
Book Value Per Share	0.05	0.05	0.10	0.30	0.35	0.47
Tangible Book Value	100.19	112.41	287.97	1,009	1,188	1,592
Tangible Book Value Per Share	0.03	0.03	0.08	0.28	0.33	0.45
Buildings	-	840.17	884.78	1,118	1,118	1,118
Machinery	-	1,644	1,623	1,953	1,962	2,275
Construction In Progress	-	51.48	71.33	42.11	30.34	44.11