SHE:002800 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	72.97	80.62	142.58	170.56	303.67	259.01
Trading Asset Securities	0.08	0.09	0.51	0.76	-	-
Cash & Short-Term Investments	73.05	80.71	143.1	171.32	303.67	259.01
Cash Growth	-63.19%	-43.60%	-16.47%	-43.59%	17.24%	88.60%
Accounts Receivable	572.31	464.69	570.76	313.59	398.61	467.49
Other Receivables	57.9	59.06	74.68	16.67	54.28	19.96
Receivables	630.21	523.75	645.43	330.26	452.89	487.46
Inventory	33	104.35	68.64	78.62	61.09	71.64
Other Current Assets	89.3	51.99	71.87	39.42	80.06	44.49
Total Current Assets	825.55	760.8	929.03	619.61	897.7	862.6
Property, Plant & Equipment	35.24	36.73	36.85	40.17	45.33	48.21
Long-Term Investments	42.38	42.08	45.03	40.51	37.92	15.38
Other Intangible Assets	0.09	0.1	0.13	0.26	0.81	1.28
Long-Term Deferred Tax Assets	30.89	30.89	24.67	20.57	9.35	9.88
Long-Term Deferred Charges	0.76	0.82	0.64	0.82	0.77	0.16
Other Long-Term Assets	108.19	109.01	112.33	115.64	116.66	119.56
Total Assets	1,043	980.44	1,149	837.6	1,109	1,057
Accounts Payable	28.44	37.23	42.3	18.72	36.28	77.6
Accrued Expenses	4.22	8.91	11.95	11.08	9.31	9.37
Short-Term Debt	395.85	323.12	400.86	144.08	407.92	324.01
Current Portion of Long-Term Debt	0.73	-	-	21.58	-	-
Current Portion of Leases	-	0.69	0.17	0.17	-	-
Current Income Taxes Payable	3.06	1.82	2.22	2.2	4.33	3.64
Current Unearned Revenue	31.54	26.82	21.91	2.05	19.01	1.47
Other Current Liabilities	47.59	51.47	60.08	22.47	22.59	18.51
Total Current Liabilities	511.44	450.07	539.51	222.35	499.44	434.6
Long-Term Leases	-	0.03	-	0.17	-	0.51
Long-Term Unearned Revenue	29.41	29.74	31.09	32.47	33.85	35.24
Long-Term Deferred Tax Liabilities	0.21	0.21	0.03	0.05	-	-
Other Long-Term Liabilities	-	-	50.07	47.04	-	4.05
Total Liabilities	541.05	480.06	620.7	302.09	533.29	474.4
Common Stock	152.25	152.25	152.25	108.75	108.75	108.75
Additional Paid-In Capital	117.8	117.8	117.67	164.55	164.55	164.55
Retained Earnings	224	222.23	249.03	240.12	283.48	292.05
Comprehensive Income & Other	0.01	0.01	0.01	0.01	0.01	0.22
Total Common Equity	494.06	492.29	518.96	513.43	556.79	565.57
Minority Interest	7.98	8.09	9.02	22.08	18.48	17.1
Shareholders' Equity	502.04	500.38	527.99	535.51	575.26	582.68
Total Liabilities & Equity	1,043	980.44	1,149	837.6	1,109	1,057
Total Debt	396.58	323.84	401.04	166	407.92	324.52
Net Cash (Debt)	-323.53	-243.13	-257.94	5.31	-104.26	-65.51
Net Cash Per Share	-2.12	-1.60	-1.70	0.03	-0.68	-0.44
Filing Date Shares Outstanding	152.35	152.25	152.25	152.25	152.25	152.25
Total Common Shares Outstanding	152.35	152.25	152.25	152.25	152.25	152.25
Working Capital	314.11	310.73	389.53	397.27	398.27	427.99
Book Value Per Share	3.24	3.23	3.41	3.37	3.66	3.71
Tangible Book Value	493.97	492.2	518.83	513.16	555.98	564.3
Tangible Book Value Per Share	3.24	3.23	3.41	3.37	3.65	3.71
Buildings	-	23.47	23.52	23.52	23.33	23.33
Machinery	-	38.13	36.36	38.98	45.19	44.75

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