SHE:002856 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	67.35	82.58	90.05	85.93	30.75	72.13
Cash & Short-Term Investments	69.83	82.58	90.05	85.93	30.75	72.13
Cash Growth	-24.46%	-8.29%	4.80%	179.45%	-57.37%	-50.30%
Accounts Receivable	747.28	837.05	1,207	1,373	1,601	1,140
Other Receivables	16.22	12.97	13.02	16.24	32.55	60.49
Receivables	763.5	850.02	1,220	1,389	1,634	1,200
Inventory	9.77	10.7	24.62	25.35	20.08	21.8
Other Current Assets	64.57	62.02	77.15	79.35	77.13	63.97
Total Current Assets	907.67	1,005	1,412	1,580	1,762	1,358
Property, Plant & Equipment	13.16	13.88	47.27	69.95	90.87	57.78
Long-Term Investments	32.43	33.02	49.62	55.48	56.56	56.47
Goodwill	22.56	22.56	30.69	39.83	50.76	-
Other Intangible Assets	4.18	4.33	32.82	37.7	36.95	1.52
Long-Term Accounts Receivable	-	0.58	1.6	1.67	1.92	0.29
Long-Term Deferred Tax Assets	131.48	131.88	194.3	196.08	181.16	124.31
Long-Term Deferred Charges	1.08	1.31	5.98	8.22	1.03	3.03
Other Long-Term Assets	73.38	73.68	149.19	179.99	69.02	-
Total Assets	1,186	1,287	1,923	2,169	2,250	1,602
Accounts Payable	448.08	530.46	927	969.12	972.67	494.77
Accrued Expenses	6.5	39.42	52.57	54.65	48.42	31.69
Short-Term Debt	0.46	496.85	566.08	501.04	315.42	233.97
Current Portion of Long-Term Debt	1.6	0.26	56.91	26.48	9.94	1.5
Current Portion of Leases	-	1.6	7.69	8.11	11.08	3.21
Current Income Taxes Payable	14.75	8.86	0.49	1.72	0.46	0.46
Current Unearned Revenue	18.76	19.14	14.64	19.37	55.04	45.84
Other Current Liabilities	610.8	104.76	163.23	137.42	151.94	88.61
Total Current Liabilities	1,101	1,201	1,789	1,718	1,565	900.05
Long-Term Debt	84.53	86.65	0.28	45.19	78.19	28.55
Long-Term Leases	2.26	2.65	16.61	25.68	35.99	6.92
Long-Term Deferred Tax Liabilities	0.01	0.01	0.27	0.3	0.64	-
Other Long-Term Liabilities	4.07	4.23	6.97	4.02	6.54	0.56
Total Liabilities	1,192	1,295	1,813	1,793	1,686	936.08
Common Stock	135.31	135.31	135.31	135.31	135.31	135.31
Additional Paid-In Capital	512.88	509.18	448.49	448.49	448.49	448.49
Retained Earnings	-707.72	-705.23	-491.6	-234.55	-61.03	81.54
Comprehensive Income & Other	8.63	8.27	14.09	6.24	12.04	0.12
Total Common Equity	-50.89	-52.47	106.29	355.5	534.81	665.46
Minority Interest	45.03	44.13	4.2	20.15	28.83	-
Shareholders' Equity	-5.86	-8.33	110.5	375.64	563.64	665.46
Total Liabilities & Equity	1,186	1,287	1,923	2,169	2,250	1,602
Total Debt	88.85	588.01	647.57	606.49	450.62	274.15
Net Cash (Debt)	-19.02	-505.43	-557.52	-520.57	-419.87	-202.02
Net Cash Per Share	-0.14	-	-4.12	-3.84	-3.03	-1.49
Filing Date Shares Outstanding	135.12	-	135.31	135.31	135.31	135.31
Total Common Shares Outstanding	135.12	-	135.31	135.31	135.31	135.31
Working Capital	-193.27	-196.02	-376.85	-138.08	196.73	458.09
Book Value Per Share	-0.38	-	0.79	2.63	3.95	4.92
Tangible Book Value	-77.64	-79.35	42.79	277.97	447.1	663.94
Tangible Book Value Per Share	-0.57	-	0.32	2.05	3.30	4.91
Buildings	-	11.63	30.57	39.18	41.26	41.26
Machinery	-	14.5	19.84	26.57	26.69	25.27
Construction In Progress	-	-	-	-	2.27	1.13