SHE:002652 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	18.88	20.33	31.23	2.96	43.26	44.33
Trading Asset Securities	-	-	-	69.9	10.1	0
Cash & Short-Term Investments	18.88	20.33	31.23	72.86	53.36	44.33
Cash Growth	-4.58%	-34.90%	-57.14%	36.54%	20.37%	-76.13%
Accounts Receivable	95.76	89.7	101.04	118.18	134.32	143.7
Other Receivables	15.48	33.99	39.08	50.13	65.53	311.8
Receivables	111.24	123.68	140.12	168.31	199.84	455.5
Inventory	40.03	38.39	37.45	45.55	48.13	45.4
Prepaid Expenses	0.38	1.08	0.38	-	-	0.68
Other Current Assets	8.99	5.56	3.56	4.56	6.87	14.59
Total Current Assets	179.52	189.04	212.75	291.28	308.21	560.5
Property, Plant & Equipment	61.5	63.02	70.2	83.27	96.55	110.73
Long-Term Investments	137.18	137.18	143.23	133.11	137.18	26.09
Other Intangible Assets	8.37	8.42	8.68	9.39	9.66	9.93
Long-Term Deferred Tax Assets	25.26	25.26	25.55	24.71	20.39	11.35
Long-Term Deferred Charges	0.04	0.04	0.25	0.58	0.97	1.48
Other Long-Term Assets	18.16	18.99	22.1	23.27	26.33	28.74
Total Assets	430.02	441.94	482.75	565.62	599.3	748.81
Accounts Payable	16.95	23.87	17.83	14.55	13.59	12.83
Accrued Expenses	1.87	12.1	11.46	10.92	6.34	6.82
Short-Term Debt	163.36	156.99	172.82	212.75	334.98	431.17
Current Portion of Leases	-	-	0.1	0.16	0.15	0.14
Current Income Taxes Payable	1.69	-	0.01	0.4	0.27	1.32
Current Unearned Revenue	5.99	3.14	4.9	0.58	1.3	1.12
Other Current Liabilities	0.7	3.17	3.35	63.8	12.93	15.61
Total Current Liabilities	190.56	199.26	210.45	303.15	369.56	469.01
Long-Term Leases	-	-	-	0.17	0.32	0.47
Long-Term Deferred Tax Liabilities	4.65	4.65	5.93	2.95	1.99	0
Total Liabilities	195.2	203.91	216.38	306.27	371.88	469.48
Common Stock	512.06	512.06	512.06	512.06	512.06	512.06
Additional Paid-In Capital	8.96	8.96	8.96	8.96	8.96	10.04
Retained Earnings	-286.2	-282.99	-254.66	-261.67	-293.6	-257.39
Total Common Equity	234.82	238.03	266.37	259.36	227.42	264.72
Minority Interest	-	-	-	-	-	14.61
Shareholders' Equity	234.82	238.03	266.37	259.36	227.42	279.33
Total Liabilities & Equity	430.02	441.94	482.75	565.62	599.3	748.81
Total Debt	163.36	156.99	172.91	213.08	335.45	431.78
Net Cash (Debt)	-144.48	-136.65	-141.68	-140.22	-282.09	-387.46
Net Cash Per Share	-0.31	-0.29	-0.20	-0.27	-0.55	-0.76
Filing Date Shares Outstanding	512.06	512.06	512.06	512.06	512.06	512.06
Total Common Shares Outstanding	512.06	512.06	512.06	512.06	512.06	512.06
Working Capital	-11.04	-10.23	2.29	-11.87	-61.36	91.49
Book Value Per Share	0.46	0.46	0.52	0.51	0.44	0.52
Tangible Book Value	226.45	229.61	257.69	249.97	217.76	254.78
Tangible Book Value Per Share	0.44	0.45	0.50	0.49	0.43	0.50
Buildings	-	-	-	135.41	135.41	135.41
Machinery	-	89.59	89.83	89.32	88.7	88.32
Construction In Progress	-	0.04	-	-	-	-