SHE:300478 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	8.34	7.2	8.37	4.44	16.84	23.24
Cash & Short-Term Investments	8.34	7.2	8.37	4.44	16.84	23.24
Cash Growth	-67.85%	-14.05%	88.54%	-73.63%	-27.54%	2234.57%
Accounts Receivable	128.89	126.91	143.4	151.74	116.03	158.75
Other Receivables	0.59	0.32	0.37	3.86	4.27	11
Receivables	129.48	127.22	143.76	155.59	120.3	169.76
Inventory	44.36	41.53	26.38	19.96	24.12	19.66
Other Current Assets	11.3	14.19	5.82	1.78	4.86	0.92
Total Current Assets	193.48	190.14	184.34	181.77	166.12	213.59
Property, Plant & Equipment	125.46	129.91	121.38	135.22	140.64	165.38
Other Intangible Assets	22.69	22.84	23.43	24.02	24.64	30.32
Other Long-Term Assets	0.09	0.05	-	0.23	2.48	2.1
Total Assets	341.72	342.93	329.15	341.24	333.87	411.39
Accounts Payable	22.92	13.61	24.13	27.95	19.45	31.58
Accrued Expenses	2.45	3.78	4.11	4.21	8.85	7.8
Short-Term Debt	263.51	262.82	230.27	215.24	222.94	207.23
Current Portion of Long-Term Debt	4	-	-	-	-	-
Current Portion of Leases	-	3.97	-	-	-	-
Current Income Taxes Payable	0.35	-	-	-	0	0
Current Unearned Revenue	1.05	0.68	0.49	0.05	0.08	0.1
Other Current Liabilities	1.22	1.23	1.45	1.52	13.93	20.51
Total Current Liabilities	295.5	286.1	260.45	248.97	265.25	267.22
Long-Term Leases	4.13	4.09	-	-	-	-
Long-Term Unearned Revenue	1.05	1.08	0.77	-	-	-
Other Long-Term Liabilities	-	-	-	-	-	61.12
Total Liabilities	300.68	291.27	261.21	248.97	265.25	328.34
Common Stock	126.67	126.67	126.67	126.67	126.67	128.75
Additional Paid-In Capital	188.92	188.92	188.92	188.92	188.92	190
Retained Earnings	-284.21	-275.01	-247.65	-223.32	-246.97	-225.31
Treasury Stock	-	-	-	-	-	-10.38
Total Common Equity	31.38	40.58	67.94	92.27	68.62	83.06
Minority Interest	9.66	11.08	-	-	-	-
Shareholders' Equity	41.04	51.66	67.94	92.27	68.62	83.06
Total Liabilities & Equity	341.72	342.93	329.15	341.24	333.87	411.39
Total Debt	271.64	270.88	230.27	215.24	222.94	207.23
Net Cash (Debt)	-263.31	-263.69	-221.9	-210.8	-206.1	-183.98
Net Cash Per Share	-2.08	-2.08	-1.75	-1.66	-1.63	-1.49
Filing Date Shares Outstanding	126.74	126.67	126.67	126.67	126.67	128.75
Total Common Shares Outstanding	126.74	126.67	126.67	126.67	126.67	128.75
Working Capital	-102.03	-95.96	-76.1	-67.2	-99.13	-53.63
Book Value Per Share	0.25	0.32	0.54	0.73	0.54	0.65
Tangible Book Value	8.69	17.74	44.51	68.25	43.99	52.74
Tangible Book Value Per Share	0.07	0.14	0.35	0.54	0.35	0.41
Buildings	-	122.46	122.46	122.29	119.99	140
Machinery	-	111.8	99.26	105.86	94.94	98.01
Construction In Progress	-	0.3	0.41	0.1	5.55	4.23

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