SHE:000420 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	1,107	1,160	1,029	677.24	894.57	741.01
Cash & Short-Term Investments	1,107	1,160	1,029	677.24	894.57	741.01
Cash Growth	16.28%	12.66%	51.98%	-24.30%	20.72%	-22.88%
Accounts Receivable	1,066	997.55	975.66	912.24	751.04	479.1
Other Receivables	21.6	32.17	32.52	39.76	58.6	30.61
Receivables	1,087	1,030	1,008	952	809.65	509.71
Inventory	950.19	797.63	683.92	675.25	455.88	794.8
Prepaid Expenses	-	-	2.78	2.72	2.28	-
Other Current Assets	327.7	322.9	180.38	115.13	203.83	187.88
Total Current Assets	3,472	3,310	2,905	2,422	2,366	2,233
Property, Plant & Equipment	9,036	8,766	7,903	6,802	6,760	5,631
Long-Term Investments	784.17	780.93	786.95	801.82	843.62	489.59
Other Intangible Assets	348.96	351.2	360.54	243.22	212.87	221.26
Long-Term Deferred Tax Assets	78.47	80.04	93.36	91.37	71.2	71.29
Long-Term Deferred Charges	177.01	175.38	178.81	183.39	90.69	3.92
Other Long-Term Assets	206.95	200.92	450.65	142.17	169.31	121.73
Total Assets	14,104	13,664	12,678	10,686	10,514	8,773
Accounts Payable	2,460	2,608	2,631	1,985	2,492	2,339
Accrued Expenses	1.89	0.31	21.96	28.42	79.53	101.4
Short-Term Debt	2,387	2,175	2,905	2,399	1,970	2,127
Current Portion of Long-Term Debt	938.62	1,006	300.72	207.87	291.36	403.15
Current Portion of Leases	-	-	66.81	67.16	117.41	58.24
Current Income Taxes Payable	25.84	26.32	1.08	-	-	-
Current Unearned Revenue	90.54	28.74	42.39	28.82	16.34	72.52
Other Current Liabilities	603.68	692.23	65.67	77.6	104.03	98.84
Total Current Liabilities	6,507	6,537	6,035	4,793	5,070	5,200
Long-Term Debt	2,388	1,941	1,443	1,248	774.6	501.5
Long-Term Leases	222.16	223.59	279.75	256.8	310.33	83.55
Long-Term Unearned Revenue	26.35	27.3	24.24	25.28	28.45	29.51
Other Long-Term Liabilities	8.05	14.34	4.19	-	-	-
Total Liabilities	9,152	8,743	7,786	6,323	6,184	5,815
Common Stock	2,459	2,459	2,459	2,459	2,459	2,168
Additional Paid-In Capital	2,347	2,347	2,347	2,347	2,347	1,456
Retained Earnings	-365.91	-393.16	-415.89	-443.6	-475.78	-661.82
Total Common Equity	4,440	4,413	4,390	4,363	4,331	2,963
Minority Interest	511.81	508.21	501.17	-	-	-4.97
Shareholders' Equity	4,952	4,921	4,892	4,363	4,331	2,958
Total Liabilities & Equity	14,104	13,664	12,678	10,686	10,514	8,773
Total Debt	5,935	5,345	4,995	4,179	3,464	3,174
Net Cash (Debt)	-4,829	-4,186	-3,966	-3,501	-2,569	-2,433
Net Cash Per Share	-1.95	-1.69	-1.62	-1.43	-1.12	-1.12
Filing Date Shares Outstanding	2,455	2,519	2,459	2,465	2,459	2,168
Total Common Shares Outstanding	2,455	2,519	2,459	2,465	2,459	2,168
Working Capital	-3,035	-3,227	-3,131	-2,371	-2,704	-2,967
Book Value Per Share	1.81	1.75	1.79	1.77	1.76	1.37
Tangible Book Value	4,091	4,062	4,030	4,120	4,118	2,742
Tangible Book Value Per Share	1.67	1.61	1.64	1.67	1.67	1.26
Buildings	-	-	2,628	2,217	2,212	1,982
Machinery	-	-	8,086	7,361	6,495	5,758
Construction In Progress	-	-	909.24	426.83	613.4	254.43

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