SHE:002778 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	Dec '21 Dec 31, 2021
Cash & Equivalents	318.35	429.59	34.36	107.35	132.52	188.6
Short-Term Investments	-	-	-	-	7.33	-
Cash & Short-Term Investments	318.35	429.59	34.36	107.35	139.85	188.6
Cash Growth	-30.93%	1150.20%	-67.99%	-23.24%	-25.85%	-27.06%
Accounts Receivable	250.14	245.87	443.4	702.89	685.42	721.97
Receivables	250.14	245.87	443.4	702.89	685.42	721.97
Inventory	4.09	0.36	8.18	112.18	110.84	192.3
Other Current Assets	53.8	48.14	626.98	106.79	33.22	23.41
Total Current Assets	626.37	723.96	1,113	1,029	969.34	1,126
Property, Plant & Equipment	121.54	121.26	15.76	207.48	254.6	261.98
Long-Term Investments	-	-	-	2.17	-	-
Goodwill	21.14	21.14	21.14	103.22	173.21	190.1
Other Intangible Assets	0.97	1.07	1.48	26.36	27.6	28.74
Long-Term Deferred Tax Assets	3.39	3.39	7.7	28.38	27.62	14.1
Long-Term Deferred Charges	8.81	9.82	1.97	30.57	16.78	20.77
Other Long-Term Assets	0.17	0.17	-	-	0.68	0.7
Total Assets	782.39	880.82	1,161	1,427	1,470	1,643
Accounts Payable	122.52	208.98	196	260.66	295.24	283.8
Accrued Expenses	3.89	14.98	24.28	39.31	22.21	40.51
Short-Term Debt	-	-	119.44	180.71	120.14	120.11
Current Portion of Long-Term Debt	222.5	216.68	47.38	10.4	149.31	1
Current Portion of Leases	-	3.3	3.7	-	0.91	0.86
Current Income Taxes Payable	0.79	0.01	2.53	1.22	3.89	17.35
Current Unearned Revenue	4.11	0.55	17.6	41.85	12.03	28.42
Other Current Liabilities	3.09	2.3	151.44	76.38	14.44	201.06
Total Current Liabilities	356.89	446.8	562.37	610.53	618.18	693.11
Long-Term Debt	-	-	256.5	303.5	155.5	111
Long-Term Leases	4.62	7.11	9.76	-	-	0.9
Long-Term Unearned Revenue	-	-	1.5	1.64	1.87	-
Long-Term Deferred Tax Liabilities	-	-	-	2.07	-	-
Other Long-Term Liabilities	-	-	-	-	26.37	189.27
Total Liabilities	361.51	453.91	830.13	917.74	801.92	994.29
Common Stock	124.75	124.75	124.75	124.75	124.75	124.75
Additional Paid-In Capital	66.53	66.53	66.53	66.53	66.53	1.3
Retained Earnings	129.63	135.28	61.54	231.82	386.44	440.54
Total Common Equity	320.91	326.56	252.82	423.1	577.72	566.59
Minority Interest	99.98	100.35	78.02	86.55	90.19	81.78
Shareholders' Equity	420.88	426.9	330.84	509.65	667.91	648.37
Total Liabilities & Equity	782.39	880.82	1,161	1,427	1,470	1,643
Total Debt	227.12	227.09	436.79	494.6	425.87	233.87
Net Cash (Debt)	91.23	202.5	-402.43	-387.25	-286.02	-45.27
Net Cash Growth	-11.75%	-	-	-	-	-
Net Cash Per Share	0.75	1.62	-3.21	-3.11	-2.26	-0.36
Filing Date Shares Outstanding	124.75	124.75	124.75	124.75	125.49	124.75
Total Common Shares Outstanding	124.75	124.75	124.75	124.75	125.49	124.75
Working Capital	269.48	277.15	550.55	418.68	351.16	433.16
Book Value Per Share	2.57	2.62	2.03	3.39	4.60	4.54
Tangible Book Value	298.8	304.34	230.2	293.52	376.91	347.75
Tangible Book Value Per Share	2.40	2.44	1.85	2.35	3.00	2.79
Buildings	-	1.82	1.82	120.96	122.29	118.93
Machinery	-	34.45	17.26	282.5	289.39	276.76
Construction In Progress	-	90.97	-	-	20.12	23.64