SHE:001257 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
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
Cash & Equivalents	3,168	1,262	1,117	1,005	414.89
Short-Term Investments	-	-	-	50.16	197.09
Trading Asset Securities	400.59	-	150.52	-	-
Cash & Short-Term Investments	3,569	1,262	1,268	1,056	611.98
Cash Growth	238.04%	-0.43%	20.09%	72.50%	-
Accounts Receivable	308.12	333.49	237.66	298.59	374.21
Other Receivables	7.41	4.41	3.01	18.39	11.99
Receivables	315.53	337.9	240.67	318.39	422.39
Inventory	463.33	493.68	705.96	600.1	122.31
Prepaid Expenses	-	-	-	1.65	-
Other Current Assets	66.79	76.83	52.03	42.97	35.93
Total Current Assets	4,414	2,171	2,266	2,019	1,193
Property, Plant & Equipment	2,953	2,900	2,079	1,543	1,249
Long-Term Investments	95.96	92.39	79.27	66.87	44.17
Goodwill	108.06	108.06	108.06	108.06	108.06
Other Intangible Assets	1,688	1,700	1,663	1,634	1,641
Long-Term Deferred Tax Assets	0.92	0.83	4.66	9.37	16.09
Long-Term Deferred Charges	523.93	528.67	521.31	520.71	474.45
Other Long-Term Assets	165.1	165.98	168.98	138.3	69.29
Total Assets	9,950	7,666	6,890	6,043	4,828
Accounts Payable	400.17	178.24	299.59	264.28	606.8
Accrued Expenses	257.06	55.9	32.3	29.5	58.09
Short-Term Debt	300.21	300.21	250.18	631.92	936.13
Current Portion of Long-Term Debt	-	-	-	18.36	5.49
Current Portion of Leases	-	-	-	98.75	100.58
Current Income Taxes Payable	-	26.08	141.71	27.37	36.89
Current Unearned Revenue	15.25	12.4	45.74	70.83	2.34
Other Current Liabilities	730.41	797.94	588.36	246.88	129.4
Total Current Liabilities	1,703	1,371	1,358	1,388	1,876
Long-Term Debt	156.12	177.04	334.92	267.48	5.22
Long-Term Leases	2	1.99	-	67.33	65.43
Long-Term Unearned Revenue	8.39	4.63	-	-	-
Long-Term Deferred Tax Liabilities	305.32	304.84	287.17	288.17	284.35
Other Long-Term Liabilities	118.58	121.46	162.42	117.34	157.29
Total Liabilities	2,294	1,981	2,142	2,128	2,388
Common Stock	1,836	1,621	1,621	1,621	1,000
Additional Paid-In Capital	2,788	1,435	1,435	1,435	260.61
Retained Earnings	2,753	2,368	1,484	727.34	451.79
Comprehensive Income & Other	266.18	248.02	190.11	110.97	47.6
Total Common Equity	7,644	5,672	4,730	3,894	1,760
Minority Interest	12.75	13.66	17.76	20.37	680.36
Shareholders' Equity	7,656	5,685	4,748	3,914	2,440
Total Liabilities & Equity	9,950	7,666	6,890	6,043	4,828
Total Debt	458.33	479.24	585.11	1,084	1,113
Net Cash (Debt)	3,110	783.09	682.68	-28.19	-500.86
Net Cash Growth	-	14.71%	-	-	-
Net Cash Per Share	1.92	0.48	0.42	-0.02	-0.49
Filing Date Shares Outstanding	1,621	1,621	1,621	1,183	1,029
Total Common Shares Outstanding	1,621	1,621	1,621	1,183	1,029
Working Capital	2,711	799.98	908.55	630.87	-683.09
Book Value Per Share	4.72	3.50	2.92	3.29	1.71
Tangible Book Value	5,847	3,864	2,959	2,152	11.32
Tangible Book Value Per Share	3.61	2.38	1.83	1.82	0.01
Buildings	-	422.18	363.31	337.93	319.25
Machinery	-	358.98	195.35	177.81	157.81
Construction In Progress	-	2,137	1,489	941.13	638.74

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