SHE:200468 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	93.41	182.29	292.6	178.29	173.86	188.67
Trading Asset Securities	-	-	-	-	-	20
Cash & Short-Term Investments	93.41	182.29	292.6	178.29	173.86	208.67
Cash Growth	-34.15%	-37.70%	64.11%	2.55%	-16.68%	-0.56%
Accounts Receivable	356.97	368.47	328.6	357.46	362.98	389.14
Other Receivables	6.74	5.24	6.86	8.1	11.72	3.67
Receivables	363.71	373.71	335.46	365.56	374.69	392.81
Inventory	78.09	61.94	87.14	122.7	166.44	186.53
Other Current Assets	8.94	5.65	3.45	13.68	22.51	43.37
Total Current Assets	544.15	623.59	718.65	680.23	737.51	831.38
Property, Plant & Equipment	84.62	86.36	88.2	93.76	97.92	118.09
Long-Term Investments	0.74	0.74	11.15	11.15	11.16	11.16
Other Intangible Assets	11.1	11.2	11.67	19.63	20.49	21.11
Long-Term Deferred Charges	2.8	3.05	2.08	2.3	3.95	4.97
Other Long-Term Assets	4.92	4.98	6.27	19.17	20.35	6.85
Total Assets	648.33	729.92	838.02	826.24	891.39	993.57
Accounts Payable	268.61	280.16	359.46	407.26	470.87	539.62
Accrued Expenses	12.17	24.93	30.19	26.07	29.79	25.9
Short-Term Debt	168.4	203.93	128.13	69.86	112.84	199
Current Portion of Long-Term Debt	0.56	70.06	86.99	-	-	-
Current Portion of Leases	-	0.84	1.07	-	-	2.66
Current Income Taxes Payable	0.17	0.45	1.43	2.06	2.75	0.77
Current Unearned Revenue	8.78	8.43	24.79	16.72	15.05	18.88
Other Current Liabilities	37.59	53.54	39.19	44.43	53.46	62.12
Total Current Liabilities	496.28	642.32	671.25	566.41	684.76	848.94
Long-Term Debt	70	-	70	176.01	105.8	-
Long-Term Leases	-	-	0.84	-	-	-
Total Liabilities	566.28	642.32	742.09	742.42	790.56	848.94
Common Stock	215	215	215	215	215	215
Additional Paid-In Capital	201.32	137.79	137.79	137.79	137.79	197.86
Retained Earnings	-409.73	-403.22	-393.75	-405.13	-388.25	-340.86
Treasury Stock	-3	-3	-3	-	-	-
Comprehensive Income & Other	-1.85	61.68	58.31	57.46	57.46	-6.82
Total Common Equity	1.74	8.25	14.35	5.11	22	65.19
Minority Interest	80.31	79.35	81.58	78.71	78.84	79.44
Shareholders' Equity	82.05	87.6	95.93	83.82	100.83	144.63
Total Liabilities & Equity	648.33	729.92	838.02	826.24	891.39	993.57
Total Debt	238.96	274.83	287.03	245.88	218.64	201.66
Net Cash (Debt)	-145.56	-92.54	5.57	-67.58	-44.77	7.01
Net Cash Growth	-	-	-	-	-	-94.67%
Net Cash Per Share	-0.63	-0.39	0.02	-0.32	-0.21	0.03
Filing Date Shares Outstanding	212.9	212.9	212.9	215	215	215
Total Common Shares Outstanding	212.9	212.9	212.9	215	215	215
Working Capital	47.87	-18.74	47.4	113.82	52.75	-17.57
Book Value Per Share	0.01	0.04	0.07	0.02	0.10	0.30
Tangible Book Value	-9.36	-2.95	2.68	-14.52	1.5	44.08
Tangible Book Value Per Share	-0.04	-0.01	0.01	-0.07	0.01	0.21
Buildings	-	102.65	103.09	121.83	121.88	151.66
Machinery	-	86.24	85.06	90.61	89.56	82.37
Construction In Progress	-	-	-	0.01	-	0.29