SHE:002816 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	41.5	70.5	41.95	89.62	131.35	41.19
Trading Asset Securities	-	-	-	-	0.11	-
Cash & Short-Term Investments	41.5	70.5	41.95	89.62	131.46	41.19
Cash Growth	128.60%	68.07%	-53.19%	-31.83%	219.16%	-61.67%
Accounts Receivable	158.91	163.28	129.01	104.39	110.6	168.03
Other Receivables	4.72	4.97	23.27	23.88	42.47	0.99
Receivables	163.63	168.25	152.28	128.27	153.08	169.03
Inventory	116.05	104.95	107.77	72.48	62.6	102.44
Other Current Assets	18.17	18.74	8.9	6.72	3.14	8.7
Total Current Assets	339.36	362.44	310.9	297.09	350.27	321.36
Property, Plant & Equipment	44.62	44.8	23.9	30.43	35.39	95.38
Long-Term Investments	18.48	18.51	17.61	17.83	-	-
Goodwill	9.31	9.31	9.31	-	-	-
Other Intangible Assets	1.14	1.14	1.19	1.24	5.7	4.58
Long-Term Deferred Tax Assets	2.92	2.67	3.13	0.18	5.3	9.99
Long-Term Deferred Charges	6.7	7.49	8.05	5.05	1.92	3.28
Other Long-Term Assets	3.71	4.99	0.59	0.16	40.52	45.71
Total Assets	426.24	451.35	374.69	351.98	439.11	480.3
Accounts Payable	51.65	58.97	87.56	33.66	36.5	10.4
Accrued Expenses	3.39	4.03	3.41	5.64	15.82	12.47
Short-Term Debt	16.02	17.1	13.01	-	-	-
Current Portion of Long-Term Debt	6.8	6.94	0.08	-	-	-
Current Portion of Leases	-	-	3.08	2.18	0.16	1.77
Current Income Taxes Payable	1.2	4.84	0.02	0	4.35	0.52
Current Unearned Revenue	53.49	52.94	17.3	15.83	25.87	25.52
Other Current Liabilities	3.5	19.19	9.13	5.65	14.27	4.65
Total Current Liabilities	136.04	164.01	133.6	62.96	96.96	55.33
Long-Term Debt	32.48	22.83	1.92	-	-	-
Long-Term Leases	6.28	7.45	7.2	11.66	-	3.03
Long-Term Unearned Revenue	0.05	0.05	0.08	0.11	0.15	0.18
Long-Term Deferred Tax Liabilities	0.01	0.01	-	-	-	-
Other Long-Term Liabilities	-	-	-	-	3.91	2.6
Total Liabilities	174.85	194.36	142.81	74.74	101.02	61.14
Common Stock	100	100	100	100	100	100
Additional Paid-In Capital	207.18	207.18	206.91	205.26	205.26	205.26
Retained Earnings	-68.94	-64.83	-82.54	-29.75	32.83	113.9
Total Common Equity	238.24	242.34	224.37	275.51	338.09	419.16
Minority Interest	13.15	14.64	7.51	1.73	-	-
Shareholders' Equity	251.39	256.98	231.88	277.24	338.09	419.16
Total Liabilities & Equity	426.24	451.35	374.69	351.98	439.11	480.3
Total Debt	61.58	54.32	25.3	13.84	0.16	4.8
Net Cash (Debt)	-20.07	16.18	16.65	75.78	131.29	36.39
Net Cash Growth	-	-2.80%	-78.03%	-42.28%	260.84%	-66.14%
Net Cash Per Share	-0.20	0.16	0.17	0.76	1.31	0.36
Filing Date Shares Outstanding	99.9	99.87	100	100	100	100
Total Common Shares Outstanding	99.9	99.87	100	100	100	100
Working Capital	203.32	198.42	177.3	234.12	253.31	266.03
Book Value Per Share	2.38	2.43	2.24	2.76	3.38	4.19
Tangible Book Value	227.78	231.89	213.87	274.27	332.39	414.58
Tangible Book Value Per Share	2.28	2.32	2.14	2.74	3.32	4.15
Buildings	-	-	11.93	11.93	38.84	38.84
Machinery	-	-	28.16	24.2	36.28	89.15
Construction In Progress	-	-	2.5	7.28	-	1.24

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