SHE:002862 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	53.72	91.33	99.28	69.52	135.18	175.81
Trading Asset Securities	-	-	-	-	-	6.44
Cash & Short-Term Investments	53.72	91.33	99.28	69.52	135.18	182.25
Cash Growth	23.77%	-8.01%	42.81%	-48.57%	-25.82%	-6.87%
Accounts Receivable	104.48	115.99	145.24	111.12	103.5	99.52
Other Receivables	2.41	2.17	6.88	3.91	5.07	4.34
Receivables	106.89	118.16	152.13	115.02	108.57	103.86
Inventory	139.92	108.65	97.63	91.96	102.91	104.78
Prepaid Expenses	-	-	-	-	0.82	-
Other Current Assets	61.16	40.3	19.94	16.93	24.79	45.98
Total Current Assets	361.69	358.44	368.98	293.44	372.28	436.87
Property, Plant & Equipment	258.09	258.73	223.18	201.67	169.68	163.52
Long-Term Investments	4.54	0.66	35.26	81.54	111.5	23.13
Other Intangible Assets	39.6	39.88	40.98	42.08	43.2	44.33
Long-Term Deferred Tax Assets	-	-	0.05	0.05	0.04	1.32
Long-Term Deferred Charges	3.62	2.83	-	-	-	-
Other Long-Term Assets	8.73	3.73	51.26	11.22	7.54	0.67
Total Assets	676.27	664.26	719.71	630.02	704.25	669.84
Accounts Payable	20.71	40.14	31.35	31.88	20.14	23.63
Accrued Expenses	6.69	11.04	7.32	6.36	5.22	4.66
Short-Term Debt	228.65	210.34	133.09	113.8	100.12	100.14
Current Portion of Long-Term Debt	6.56	21.31	24.7	16.08	3.55	17.6
Current Portion of Leases	-	3.35	7.01	0.08	0.15	0.29
Current Income Taxes Payable	0.43	0.14	0.12	0.26	0.11	0.22
Current Unearned Revenue	2.03	1.85	3.57	0.07	2.16	8.44
Other Current Liabilities	0.42	1.16	12.82	14.36	62.33	0.69
Total Current Liabilities	265.48	289.34	219.98	182.89	193.77	155.68
Long-Term Debt	119.9	78.04	26.69	38.5	37.5	-
Long-Term Leases	0.98	13.45	8.28	-	0.08	0.29
Long-Term Unearned Revenue	0	0	0.06	0.12	0.18	0.24
Long-Term Deferred Tax Liabilities	-	-	2.11	-	-	-
Other Long-Term Liabilities	-	-	-	-	-	0.4
Total Liabilities	386.36	380.82	257.11	221.5	231.53	156.62
Common Stock	168	168	120	120	120	120
Additional Paid-In Capital	251.78	251.78	299.78	267.31	267.8	267.8
Retained Earnings	-128.93	-135.61	42.76	33.23	97.32	137.79
Treasury Stock	-	-	-	-12	-12.5	-12.5
Comprehensive Income & Other	0.33	-0.05	-0.13	-0.03	0.06	0.12
Total Common Equity	291.18	284.11	462.4	408.51	472.69	513.21
Minority Interest	-1.27	-0.68	0.19	-	0.03	-
Shareholders' Equity	289.91	283.43	462.6	408.51	472.71	513.21
Total Liabilities & Equity	676.27	664.26	719.71	630.02	704.25	669.84
Total Debt	356.09	326.49	199.77	168.46	141.4	118.33
Net Cash (Debt)	-302.36	-235.16	-100.49	-98.94	-6.22	63.91
Net Cash Growth	-	-	-	-	-	-27.49%
Net Cash Per Share	-1.66	-1.40	-0.63	-0.60	-0.04	0.47
Filing Date Shares Outstanding	168	168	168	166.32	166.32	166.32
Total Common Shares Outstanding	168	168	168	166.32	166.32	166.32
Working Capital	96.2	69.1	149	110.55	178.5	281.18
Book Value Per Share	1.73	1.69	2.75	2.46	2.84	3.09
Tangible Book Value	251.58	244.24	421.43	366.43	429.48	468.88
Tangible Book Value Per Share	1.50	1.45	2.51	2.20	2.58	2.82
Buildings	-	228.24	181.61	170.88	166.68	158.65
Machinery	-	135.34	129.88	115.24	96.16	120.82
Construction In Progress	-	4.9	29.05	33.14	6.42	-

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