SHE:002848 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Cash & Equivalents	13.3	14.53	25.84	18.42	13.82	21.65
Cash & Short-Term Investments	13.3	14.53	25.84	18.42	13.82	21.65
Cash Growth	301.53%	-43.77%	40.29%	33.26%	-36.15%	-65.52%
Accounts Receivable	174.52	350.89	121.7	171.17	175.41	217.58
Other Receivables	3.77	3.04	3.91	3.95	44.69	13.22
Receivables	178.29	353.93	125.61	175.12	220.1	230.8
Inventory	71.82	43.2	32.45	46.35	139.63	158.11
Prepaid Expenses	-	-	-	0.05	0.29	0.11
Other Current Assets	6.12	7.77	9.87	14.21	14.78	19.12
Total Current Assets	269.54	419.42	193.77	254.15	388.63	429.8
Property, Plant & Equipment	166.79	170.32	110.37	126.21	140.32	189.11
Long-Term Investments	2.5	2.5	2.83	2.99	3.13	3.3
Other Intangible Assets	34.22	34.53	13.12	14.57	17.23	21.02
Long-Term Accounts Receivable	-	-	0.14	2.84	7.15	12.43
Long-Term Deferred Tax Assets	-	-	-	33.51	33.52	36.09
Long-Term Deferred Charges	0.09	0.12	-	-	0.57	2.05
Other Long-Term Assets	-	0.2	96.19	0.89	2.04	2.31
Total Assets	473.13	627.1	416.41	435.17	592.59	696.1
Accounts Payable	188.27	344.05	103.6	105.94	110.61	205.83
Accrued Expenses	12.22	19.61	47.92	45.05	35.64	28.62
Short-Term Debt	54.06	47.37	67.78	98.23	135.88	131.32
Current Portion of Long-Term Debt	0.35	0.36	-	0.32	-	0.29
Current Portion of Leases	-	-	1.31	1.9	13.23	22.11
Current Income Taxes Payable	0.87	2.57	-	0.02	0.02	-
Current Unearned Revenue	8.24	9.94	15.12	23.2	52.16	29.74
Other Current Liabilities	85.32	104.74	7.51	10.68	10.26	7.26
Total Current Liabilities	349.34	528.63	243.25	285.35	357.81	425.16
Long-Term Debt	37.95	18.19	18	0.23	-	0.23
Long-Term Leases	-	0.05	-	3.01	2.41	30.57
Long-Term Unearned Revenue	2.83	3.33	5.33	7.33	9.52	12.06
Long-Term Deferred Tax Liabilities	0.23	0.24	0.26	0.26	0.26	0.26
Other Long-Term Liabilities	0.19	-	-	-	-	-
Total Liabilities	390.53	550.44	266.84	296.17	370	468.29
Common Stock	167.15	167.15	167.15	167.15	167.15	167.15
Additional Paid-In Capital	391.53	391.53	383.43	241.7	241.7	241.7
Retained Earnings	-473.65	-479.46	-399.85	-268.95	-186.84	-181.44
Comprehensive Income & Other	-1.48	-1.51	-1.2	-1.04	-0.88	-0.74
Total Common Equity	83.55	77.71	149.52	138.86	221.13	226.67
Minority Interest	-0.95	-1.05	0.06	0.15	1.45	1.14
Shareholders' Equity	82.6	76.66	149.57	139	222.58	227.81
Total Liabilities & Equity	473.13	627.1	416.41	435.17	592.59	696.1
Total Debt	92.36	65.97	87.1	103.69	151.52	184.52
Net Cash (Debt)	-79.05	-51.44	-61.26	-85.27	-137.7	-162.87
Net Cash Per Share	-0.47	-0.31	-0.37	-0.51	-0.75	-0.97
Filing Date Shares Outstanding	167.34	167.18	167.15	167.15	167.15	167.15
Total Common Shares Outstanding	167.34	167.18	167.15	167.15	167.15	167.15
Working Capital	-79.8	-109.2	-49.48	-31.19	30.82	4.64
Book Value Per Share	0.50	0.46	0.89	0.83	1.32	1.36
Tangible Book Value	49.33	43.18	136.4	124.29	203.9	205.65
Tangible Book Value Per Share	0.29	0.26	0.82	0.74	1.22	1.23
Buildings	-	-	164.98	162.46	162.46	167.36
Machinery	-	-	151.74	154.96	162.2	181.94
Construction In Progress	-	-	4.54	4.09	0.28	0.28

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