SHE:001228 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	1,145	1,147	793.9	1,108	713.12	222.44
Trading Asset Securities	18.21	8.21	54.39	125	50	-
Cash & Short-Term Investments	1,163	1,155	848.28	1,233	763.12	222.44
Cash Growth	67.20%	36.16%	-31.19%	61.54%	243.07%	140.04%
Accounts Receivable	795.54	988.65	742.18	512.84	420.39	488.05
Other Receivables	133.53	129.37	22.72	29.67	30.49	14.32
Receivables	929.07	1,118	764.9	542.52	450.88	502.37
Inventory	904.99	1,090	255.56	179.02	5.01	10.85
Other Current Assets	246.86	341.87	385.49	433.73	78.33	17.82
Total Current Assets	3,244	3,705	2,254	2,388	1,297	753.47
Property, Plant & Equipment	878.14	848.08	687.59	591.21	359.61	213.24
Long-Term Investments	120.67	116.11	114.27	173.3	44.98	3.36
Goodwill	209.63	209.63	226.31	224.22	155.44	140.07
Other Intangible Assets	385.6	388.65	387.58	383.33	287.06	168.96
Long-Term Accounts Receivable	-	-	30.49	13.09	-	-
Long-Term Deferred Tax Assets	74.1	65.08	48.1	28.71	13.33	12.12
Long-Term Deferred Charges	5.04	5.27	3.27	4.6	1.9	1.35
Other Long-Term Assets	104.69	106.67	75.08	111.67	33.35	25.78
Total Assets	5,022	5,445	3,827	3,918	2,193	1,318
Accounts Payable	515.98	639.68	686.24	1,253	188.25	292.61
Accrued Expenses	20.63	38.48	42.31	39.69	42.22	27.95
Short-Term Debt	2,148	2,468	904.99	342.53	105.08	176.02
Current Portion of Long-Term Debt	25.4	30.25	23.17	-	-	-
Current Portion of Leases	-	-	7.74	8.5	4.48	3.84
Current Income Taxes Payable	28.5	44.5	23.89	15.68	24.22	20.34
Current Unearned Revenue	44.02	44.32	77.26	111.56	6.96	5.55
Other Current Liabilities	59.3	67.52	90.7	87.96	39.16	12.76
Total Current Liabilities	2,842	3,333	1,856	1,859	410.38	539.07
Long-Term Debt	96.87	98.13	46.08	65.26	-	-
Long-Term Leases	151.26	119.54	50.17	56.2	12.7	8.93
Long-Term Deferred Tax Liabilities	67.73	59.27	55.22	59.35	28.84	15.16
Other Long-Term Liabilities	0.12	0.14	1.11	-	-	-
Total Liabilities	3,158	3,610	2,009	2,040	451.93	563.16
Common Stock	103.86	103.86	103.86	103.86	103.86	77.89
Additional Paid-In Capital	918.96	918.96	916.04	916.04	916.04	280.93
Retained Earnings	804.42	769.86	722.59	732.94	614.14	351.71
Treasury Stock	-101.11	-101.11	-51	-	-	-
Comprehensive Income & Other	-	-	-	0.97	-	-
Total Common Equity	1,726	1,692	1,691	1,754	1,634	710.54
Minority Interest	137.23	143.31	126.54	124.72	107.02	44.65
Shareholders' Equity	1,863	1,835	1,818	1,879	1,741	755.19
Total Liabilities & Equity	5,022	5,445	3,827	3,918	2,193	1,318
Total Debt	2,422	2,716	1,032	472.49	122.26	188.78
Net Cash (Debt)	-1,259	-1,561	-183.86	760.24	640.86	33.65
Net Cash Growth	-	-	-	18.63%	1804.29%	-
Net Cash Per Share	-12.12	-15.05	-1.80	7.30	6.74	0.43
Filing Date Shares Outstanding	104.72	106.86	101.58	102.47	103.86	77.34
Total Common Shares Outstanding	104.72	106.86	101.58	103.86	103.86	77.34
Working Capital	401.47	372.48	397.93	529.21	886.94	214.4
Book Value Per Share	16.48	15.83	16.65	16.89	15.73	9.19
Tangible Book Value	1,131	1,093	1,078	1,146	1,192	401.51
Tangible Book Value Per Share	10.80	10.23	10.61	11.04	11.47	5.19
Buildings	-	-	494.74	479.32	371.6	203.15
Machinery	-	-	365.94	248.41	109.16	78.85
Construction In Progress	-	-	51.6	50.24	8.65	7.39

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