SHE:001309 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	706.17	915.86	274.36	108.87	117.63
Short-Term Investments	22.32	-	-	-	-
Trading Asset Securities	-	-	-	140.59	-
Cash & Short-Term Investments	728.48	915.86	274.36	249.46	117.63
Cash Growth	-20.46%	233.82%	9.98%	112.08%	63.34%
Accounts Receivable	842.26	404.98	434.43	398.16	146.79
Other Receivables	-1.17	-0.72	8.79	28.71	57.79
Receivables	841.09	404.25	443.22	426.87	204.57
Inventory	7,058	4,436	1,932	755.45	565.55
Prepaid Expenses	4.57	2.22	1.72	1.16	7.52
Other Current Assets	1,211	310.05	217.19	231.85	78.14
Total Current Assets	9,843	6,069	2,868	1,665	973.4
Property, Plant & Equipment	593.98	246.88	172.54	225.53	140.37
Long-Term Investments	58.15	33.03	1.5	3.88	-
Other Intangible Assets	29.04	22.06	4.94	6.63	-
Long-Term Deferred Tax Assets	79.73	46.51	54.3	32.29	8.55
Long-Term Deferred Charges	116.88	136.08	145.73	34.26	16.64
Other Long-Term Assets	129.17	14.82	40.7	29.54	6.99
Total Assets	10,850	6,568	3,288	1,997	1,146
Accounts Payable	730.96	926.7	242.92	330.82	176.09
Accrued Expenses	175.7	46.45	23.45	12.75	11.98
Short-Term Debt	3,472	1,953	1,580	359.47	262.13
Current Portion of Long-Term Debt	1,162	50.85	-	-	13.5
Current Portion of Leases	27.94	22.85	20.71	19.46	8.38
Current Income Taxes Payable	39.84	3.53	1.95	-	14.15
Current Unearned Revenue	623.73	33.71	18.8	6.37	21.8
Other Current Liabilities	164.09	94.85	32.47	5.25	16.03
Total Current Liabilities	6,396	3,132	1,920	734.12	524.07
Long-Term Debt	952.4	785.77	73.73	-	-
Long-Term Leases	116.87	96.29	112.91	133.54	28.47
Long-Term Unearned Revenue	87.28	37.6	31.97	14.17	39.68
Long-Term Deferred Tax Liabilities	27.85	34.42	26.52	22.38	-
Total Liabilities	7,581	4,086	2,165	904.21	592.22
Common Stock	226.85	161.77	113.3	80.18	60
Additional Paid-In Capital	1,844	1,774	750.6	739.27	295.56
Retained Earnings	1,255	615.33	279.49	269.49	204.28
Treasury Stock	-53.77	-73.24	-25.2	-	-
Comprehensive Income & Other	-3.4	2.03	3.84	3.84	-6.12
Total Common Equity	3,269	2,480	1,122	1,093	553.72
Minority Interest	-	1.37	1.2	-0.07	-
Shareholders' Equity	3,269	2,482	1,123	1,093	553.72
Total Liabilities & Equity	10,850	6,568	3,288	1,997	1,146
Total Debt	5,731	2,909	1,787	512.47	312.48
Net Cash (Debt)	-5,003	-1,993	-1,513	-263.01	-194.86
Net Cash Per Share	-22.02	-9.61	-7.35	-1.48	-1.26
Filing Date Shares Outstanding	226.85	226.48	209.24	204.29	152.88
Total Common Shares Outstanding	226.85	226.48	209.24	204.29	152.88
Working Capital	3,447	2,936	948.68	930.67	449.33
Book Value Per Share	14.41	10.95	5.36	5.35	3.62
Tangible Book Value	3,240	2,458	1,117	1,086	553.72
Tangible Book Value Per Share	14.28	10.85	5.34	5.32	3.62
Machinery	397.46	156.53	64.27	49.24	37.45
Construction In Progress	131.98	22.87	6.44	46.07	79.77

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