SHE:300478 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	7.2	8.37	4.44	16.84	23.24
Cash & Short-Term Investments	7.2	8.37	4.44	16.84	23.24
Cash Growth	-14.05%	88.54%	-73.63%	-27.54%	2234.57%
Accounts Receivable	126.91	143.4	151.74	116.03	158.75
Other Receivables	0.32	0.37	3.86	4.27	11
Receivables	127.22	143.76	155.59	120.3	169.76
Inventory	41.53	26.38	19.96	24.12	19.66
Other Current Assets	14.19	5.82	1.78	4.86	0.92
Total Current Assets	190.14	184.34	181.77	166.12	213.59
Property, Plant & Equipment	129.91	121.38	135.22	140.64	165.38
Other Intangible Assets	22.84	23.43	24.02	24.64	30.32
Other Long-Term Assets	0.05	-	0.23	2.48	2.1
Total Assets	342.93	329.15	341.24	333.87	411.39
Accounts Payable	13.61	24.13	27.95	19.45	31.58
Accrued Expenses	3.19	4.11	4.21	8.85	7.8
Short-Term Debt	262.82	230.27	215.24	222.94	207.23
Current Portion of Long-Term Debt	3.97	-	-	-	-
Current Income Taxes Payable	0.64	-	-	0	0
Current Unearned Revenue	0.68	0.49	0.05	0.08	0.1
Other Current Liabilities	1.19	1.45	1.52	13.93	20.51
Total Current Liabilities	286.1	260.45	248.97	265.25	267.22
Long-Term Leases	4.09	-	-	-	-
Long-Term Unearned Revenue	1.08	0.77	-	-	-
Other Long-Term Liabilities	-	-	-	-	61.12
Total Liabilities	291.27	261.21	248.97	265.25	328.34
Common Stock	126.67	126.67	126.67	126.67	128.75
Additional Paid-In Capital	188.92	188.92	188.92	188.92	190
Retained Earnings	-275.01	-247.65	-223.32	-246.97	-225.31
Treasury Stock	-	-	-	-	-10.38
Total Common Equity	40.58	67.94	92.27	68.62	83.06
Minority Interest	11.08	-	-	-	-
Shareholders' Equity	51.66	67.94	92.27	68.62	83.06
Total Liabilities & Equity	342.93	329.15	341.24	333.87	411.39
Total Debt	270.88	230.27	215.24	222.94	207.23
Net Cash (Debt)	-263.69	-221.9	-210.8	-206.1	-183.98
Net Cash Per Share	-2.08	-1.75	-1.66	-1.63	-1.49
Filing Date Shares Outstanding	126.65	126.67	126.67	126.67	128.75
Total Common Shares Outstanding	126.65	126.67	126.67	126.67	128.75
Working Capital	-95.96	-76.1	-67.2	-99.13	-53.63
Book Value Per Share	0.32	0.54	0.73	0.54	0.65
Tangible Book Value	17.74	44.51	68.25	43.99	52.74
Tangible Book Value Per Share	0.14	0.35	0.54	0.35	0.41
Buildings	-	122.46	122.29	119.99	140
Machinery	-	99.26	105.86	94.94	98.01
Construction In Progress	-	0.41	0.1	5.55	4.23

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.