SHE:002898 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	29.21	61.02	48.84	87.12	72.27	113.31
Trading Asset Securities	-	-	-	2.14	-	-
Cash & Short-Term Investments	29.21	61.02	48.84	89.26	72.27	113.31
Cash Growth	-11.43%	24.92%	-45.28%	23.51%	-36.22%	95.10%
Accounts Receivable	147.69	159.85	99.68	55.27	88.85	84.98
Other Receivables	10.17	19.91	4.03	14.71	19.68	33.83
Receivables	157.86	179.76	103.7	69.98	108.53	118.81
Inventory	111.23	80.38	94.08	88.87	63.97	52.98
Other Current Assets	75.97	23.55	3.21	8.19	9.59	4.05
Total Current Assets	374.27	344.7	249.83	256.3	254.36	289.14
Property, Plant & Equipment	342.21	347.37	402.23	352.11	394.25	405.59
Long-Term Investments	-	4.9	4.9	69.86	62.28	45.19
Other Intangible Assets	70.43	71.65	67.71	67	67.77	70.46
Long-Term Deferred Tax Assets	5.08	5.51	3.71	1.96	13.58	18.57
Long-Term Deferred Charges	39.29	38.86	59.16	45.74	36.7	33.23
Other Long-Term Assets	24	19.11	20.68	20.88	19.08	20.61
Total Assets	855.28	832.1	808.22	813.84	848.01	882.78
Accounts Payable	142.65	99.3	62.31	63.53	94.47	94.15
Accrued Expenses	5.63	43.31	21.03	17.55	22.39	14.55
Short-Term Debt	73.21	84.93	128.13	90.05	100.06	100.12
Current Portion of Long-Term Debt	-	21.64	6.27	11.9	29.63	28.86
Current Portion of Leases	-	3.72	0.5	0.36	0.24	0.89
Current Income Taxes Payable	17.71	7.07	-	0.02	0.75	0.74
Current Unearned Revenue	15.65	3.39	11.51	11.53	23.53	8.24
Other Current Liabilities	185.68	147	25.27	32.08	25.38	19.03
Total Current Liabilities	440.53	410.37	255.02	227.01	296.45	266.58
Long-Term Debt	7.5	8	29.86	25.08	13.32	42.91
Long-Term Leases	4.95	5.97	0.33	0.04	0.18	0.27
Long-Term Unearned Revenue	2.69	2.65	2.6	2.84	3.08	3.33
Long-Term Deferred Tax Liabilities	11.03	11.16	9.62	9.76	8.63	6.04
Other Long-Term Liabilities	10.62	9.81	11.51	13.23	-	-
Total Liabilities	477.34	447.95	308.95	277.96	321.67	319.12
Common Stock	176	176	176	176	176	176
Additional Paid-In Capital	288.58	288.58	288.47	288.47	288.47	288.47
Retained Earnings	-95.42	-86.42	34.75	71.41	61.88	99.19
Comprehensive Income & Other	2.33	2	0.06	-	-	-
Total Common Equity	371.49	380.15	499.28	535.88	526.35	563.66
Minority Interest	6.45	4.01	-	-	-	-
Shareholders' Equity	377.94	384.15	499.28	535.88	526.35	563.66
Total Liabilities & Equity	855.28	832.1	808.22	813.84	848.01	882.78
Total Debt	85.66	124.26	165.09	127.42	143.43	173.05
Net Cash (Debt)	-56.46	-63.24	-116.25	-38.16	-71.16	-59.74
Net Cash Per Share	-0.32	-0.36	-0.66	-0.22	-0.40	-0.34
Filing Date Shares Outstanding	176	176	176	176	176	176
Total Common Shares Outstanding	176	176	176	176	176	176
Working Capital	-66.27	-65.66	-5.19	29.29	-42.09	22.57
Book Value Per Share	2.11	2.16	2.84	3.04	2.99	3.20
Tangible Book Value	301.06	308.5	431.56	468.89	458.58	493.21
Tangible Book Value Per Share	1.71	1.75	2.45	2.66	2.61	2.80
Buildings	-	271.16	301.56	311.75	335.26	323.12
Machinery	-	217.25	226.12	213.31	207.43	194.92
Construction In Progress	-	5.89	5.89	1.44	1.38	9.21