SHE:300352 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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	30.41	46.96	82.12	131.4	182.67	56.76
Trading Asset Securities	-	-	-	80.05	80.24	328.27
Cash & Short-Term Investments	30.41	46.96	82.12	211.45	262.91	385.02
Cash Growth	-36.97%	-42.81%	-61.16%	-19.57%	-31.72%	-19.36%
Accounts Receivable	259.64	323	578.85	592.67	436.6	642.32
Other Receivables	26.07	26.38	40.65	44.16	31.01	31.68
Receivables	285.71	349.37	619.5	636.82	467.61	674
Inventory	259.58	277.23	308.63	357.26	724.28	624.92
Prepaid Expenses	-	0.1	0.01	0	-	-
Other Current Assets	29.94	41.42	44.21	75.74	133.04	151.32
Total Current Assets	605.63	715.08	1,054	1,281	1,588	1,835
Property, Plant & Equipment	327.73	334.07	314.03	303.81	264.16	268.93
Long-Term Investments	192.9	198.88	208.61	217.2	230.5	226.1
Goodwill	38.62	38.62	43.79	49.46	54.01	56.98
Other Intangible Assets	211.87	243.7	286	283.67	273.52	256.46
Long-Term Deferred Tax Assets	261.11	258.53	237.45	216.7	213.41	160.08
Long-Term Deferred Charges	2.19	2.84	3.14	4.34	5.69	5.63
Other Long-Term Assets	11.43	11.43	21.41	21.41	21.41	21.41
Total Assets	1,651	1,803	2,169	2,378	2,651	2,831

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Accounts Payable	120.47	139.14	217.83	212.22	518.96	397.91
Accrued Expenses	105.51	37.16	21.35	47.46	34.96	144.13
Short-Term Debt	58.16	149.74	207.15	184.82	181.41	165.57
Current Portion of Leases	5.88	5.88	20.18	16.35	12.04	12.73
Current Income Taxes Payable	2.6	1.91	1.9	1.89	2.08	2.65
Current Unearned Revenue	255.88	216.06	181.38	260.04	257.29	283.72
Other Current Liabilities	226.42	195.85	123.8	108.8	70.14	66.04
Total Current Liabilities	774.92	745.74	773.58	831.58	1,077	1,073
Long-Term Leases	0.27	2.72	2.13	9.22	25.18	25.69
Long-Term Unearned Revenue	2.47	4.22	0.29	0.45	0.66	1.39
Long-Term Deferred Tax Liabilities	1.73	1.73	2.7	4.66	5.85	0.59
Total Liabilities	779.4	754.41	778.7	845.9	1,109	1,100

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Common Stock	1,450	1,450	1,450	1,450	1,450	1,450
Additional Paid-In Capital	318.66	318.66	318.66	315.88	315.88	315.88
Retained Earnings	-854.55	-686.33	-348.32	-204.66	-211.24	-24.29
Comprehensive Income & Other	-25.9	-21.85	-21.85	-17.68	-3.39	-3.01
Total Common Equity	888.02	1,060	1,398	1,543	1,551	1,738
Minority Interest	-15.95	-11.56	-8.12	-11.38	-9.09	-7.97
Shareholders' Equity	872.07	1,049	1,390	1,532	1,542	1,730
Total Liabilities & Equity	1,651	1,803	2,169	2,378	2,651	2,831

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Total Debt	64.31	158.34	229.46	210.39	218.64	204
Net Cash (Debt)	-33.91	-111.38	-147.34	1.06	44.28	181.03
Net Cash Growth	-	-	-	-97.61%	-75.54%	-54.86%
Net Cash Per Share	-0.02	-0.08	-0.10	0.00	0.03	0.12
Filing Date Shares Outstanding	1,450	1,450	1,450	1,450	1,450	1,450
Total Common Shares Outstanding	1,450	1,450	1,450	1,450	1,450	1,450
Working Capital	-169.29	-30.66	280.88	449.69	510.96	762.51
Book Value Per Share	0.61	0.73	0.96	1.06	1.07	1.20
Tangible Book Value	637.54	777.98	1,069	1,210	1,224	1,425
Tangible Book Value Per Share	0.44	0.54	0.74	0.83	0.84	0.98
Buildings	-	71.33	71.33	71.22	71.35	71.13
Machinery	-	73.9	92.54	91.74	93.01	90.92
Construction In Progress	-	259.24	231.68	208.12	154.88	151.29