SHE:301024 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	174.01	115.69	252.78	292.27	219.93	300.63
Trading Asset Securities	-	-	-	-	91.65	80
Cash & Short-Term Investments	174.01	115.69	252.78	292.27	311.58	380.63
Cash Growth	1.50%	-54.23%	-13.51%	-6.19%	-18.14%	827.48%
Accounts Receivable	122.87	136.2	129.24	182.66	282.1	411.21
Other Receivables	109.47	105.51	9.53	9.39	9.43	9.86
Receivables	232.35	241.71	138.77	192.04	291.53	421.06
Inventory	4.42	4.42	6.83	50.47	11.56	-
Other Current Assets	68.73	56.62	16.16	18.62	8.9	10.75
Total Current Assets	479.5	418.44	414.54	553.41	623.57	812.44
Property, Plant & Equipment	121.43	125.7	76.65	34.14	20.33	24.96
Long-Term Investments	23.31	23.3	27.02	34.56	26.57	3.12
Goodwill	21.97	21.97	57.97	76.87	76.87	53.7
Other Intangible Assets	0.74	0.69	1.32	2.08	2.29	0.89
Long-Term Deferred Tax Assets	27.18	27.88	27.69	24.1	14.32	8.38
Long-Term Deferred Charges	2.22	2.5	4.46	7.81	3.13	6.83
Other Long-Term Assets	25.17	26.91	27.16	38.11	28.89	23.77
Total Assets	701.53	647.39	636.82	771.08	795.96	934.09
Accounts Payable	35.12	34.07	27.35	52.4	32.76	24.85
Accrued Expenses	6.81	10.23	32.27	39.59	44.77	41.34
Short-Term Debt	69.74	54.55	86.26	54.8	30.03	-
Current Portion of Long-Term Debt	12.47	11.44	-	-	-	-
Current Portion of Leases	-	-	5.62	7.27	2.55	14.31
Current Income Taxes Payable	33.65	47.08	0	4.17	-	4.47
Current Unearned Revenue	8.38	3.92	2.11	3.1	5.16	1.58
Other Current Liabilities	107.56	88.12	5.85	7.26	6.12	14.83
Total Current Liabilities	273.74	249.4	159.47	168.59	121.39	101.39
Long-Term Leases	7.23	11.72	13.9	26.33	10.17	1.74
Other Long-Term Liabilities	73.19	19.35	14.22	15.54	-	-
Total Liabilities	354.16	280.47	187.59	210.46	131.56	103.13
Common Stock	63.59	63.59	63.59	63.59	63.59	42.39
Additional Paid-In Capital	553.84	553.84	544.39	526.49	526.49	547.69
Retained Earnings	-279.2	-260.05	-176.64	-63.44	41.4	240.59
Comprehensive Income & Other	-0.2	-0.2	-	-	-	-
Total Common Equity	338.02	357.18	431.33	526.64	631.48	830.67
Minority Interest	9.35	9.75	17.9	33.98	32.92	0.29
Shareholders' Equity	347.37	366.92	449.23	560.62	664.4	830.97
Total Liabilities & Equity	701.53	647.39	636.82	771.08	795.96	934.09
Total Debt	89.45	77.7	105.78	88.41	42.75	16.05
Net Cash (Debt)	84.56	37.99	147	203.87	268.83	364.57
Net Cash Growth	18.37%	-74.16%	-27.89%	-24.16%	-26.26%	788.37%
Net Cash Per Share	1.33	0.60	2.31	3.21	4.23	6.69
Filing Date Shares Outstanding	63.59	63.59	63.59	63.59	63.59	63.59
Total Common Shares Outstanding	63.59	63.59	63.59	63.59	63.59	63.59
Working Capital	205.76	169.03	255.07	384.82	502.18	711.05
Book Value Per Share	5.32	5.62	6.78	8.28	9.93	13.06
Tangible Book Value	315.31	334.51	372.04	447.69	552.32	776.09
Tangible Book Value Per Share	4.96	5.26	5.85	7.04	8.69	12.21
Machinery	-	-	71.05	18.15	-	20.13
Construction In Progress	-	-	3.04	-	-	-