SHE:200706 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	68.26	65.29	239.4	210.81	330.75	286.48
Trading Asset Securities	0.24	0.25	0.22	0.21	0.24	0.32
Cash & Short-Term Investments	68.51	65.53	239.62	211.03	330.99	286.8
Cash Growth	-47.49%	-72.65%	13.55%	-36.24%	15.41%	47.55%
Accounts Receivable	1,503	1,442	1,684	1,598	1,638	1,539
Other Receivables	16.9	10.63	7.96	9.4	10.56	9.53
Receivables	1,520	1,453	1,692	1,608	1,648	1,549
Inventory	574.43	636.33	688.44	651.49	646.62	710.61
Other Current Assets	32.14	59.59	64.25	64.5	68.58	51.93
Total Current Assets	2,195	2,214	2,684	2,535	2,694	2,598
Property, Plant & Equipment	403.12	416.62	472.14	486.01	473.66	464.15
Long-Term Investments	8.71	8.71	11.91	11.91	11.93	11.93
Other Intangible Assets	65.43	66.3	70.12	74.32	77.44	76.81
Long-Term Deferred Charges	6.78	6.95	6.6	4.84	0.11	0.19
Other Long-Term Assets	72.81	74.2	71.68	68.61	67.21	68.86
Total Assets	2,752	2,787	3,317	3,180	3,325	3,220
Accounts Payable	1,307	1,262	2,065	1,730	1,763	1,555
Accrued Expenses	25.18	57.85	53.98	102.4	102.32	104.28
Short-Term Debt	670.89	542.38	570	598	699	677
Current Portion of Long-Term Debt	-	-	98.35	-	-	-
Current Income Taxes Payable	5.15	-	-	-	-	-
Current Unearned Revenue	23.83	31.78	34.1	30.55	30.45	38.43
Other Current Liabilities	423.92	595.91	139.84	155.03	155.7	140.48
Total Current Liabilities	2,456	2,490	2,961	2,616	2,751	2,515
Long-Term Debt	-	-	-	99.45	-	-
Long-Term Unearned Revenue	33.86	34.85	37.72	43.1	48.32	54.13
Long-Term Deferred Tax Liabilities	0.79	0.79	0.52	0.58	0.63	0.68
Other Long-Term Liabilities	63.32	62.59	56.12	49.94	54.63	41.75
Total Liabilities	2,553	2,588	3,056	2,809	2,854	2,612
Common Stock	402.6	402.6	402.6	402.6	402.6	402.6
Additional Paid-In Capital	485.69	201.96	201.96	201.96	201.96	201.96
Retained Earnings	-688.66	-687.71	-629.61	-519.4	-419.92	-280.02
Comprehensive Income & Other	-0.91	282.17	286.04	286.15	285.67	283.73
Shareholders' Equity	198.72	199.02	260.98	371.31	470.3	608.27
Total Liabilities & Equity	2,752	2,787	3,317	3,180	3,325	3,220
Total Debt	670.89	542.38	668.35	697.45	699	677
Net Cash (Debt)	-602.38	-476.85	-428.73	-486.42	-368.01	-390.2
Net Cash Per Share	-1.50	-1.18	-1.06	-1.21	-0.91	-0.97
Filing Date Shares Outstanding	402.6	402.6	402.6	402.6	402.6	402.6
Total Common Shares Outstanding	402.6	402.6	402.6	402.6	402.6	402.6
Working Capital	-260.16	-275.53	-277.1	-81.32	-56.46	82.89
Book Value Per Share	0.49	0.49	0.65	0.92	1.17	1.51
Tangible Book Value	133.29	132.72	190.86	296.99	392.86	531.45
Tangible Book Value Per Share	0.33	0.33	0.47	0.74	0.98	1.32
Machinery	-	1,340	1,349	1,178	1,052	1,287
Construction In Progress	-	10.51	34.74	37.35	81.89	25.93