SHE:001309 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	1,851	706.17	915.86	274.36	108.87	117.63
Short-Term Investments	-	22.32	-	-	-	-
Trading Asset Securities	-	-	-	-	140.59	-
Cash & Short-Term Investments	1,851	728.48	915.86	274.36	249.46	117.63
Cash Growth	65.85%	-20.46%	233.82%	9.98%	112.08%	63.34%
Accounts Receivable	1,159	842.26	404.98	434.43	398.16	146.79
Other Receivables	220.78	15.84	38.65	8.79	28.71	57.79
Receivables	1,380	858.1	443.62	443.22	426.87	204.57
Inventory	12,192	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	1,886	1,194	270.68	217.19	231.85	78.14
Total Current Assets	17,308	9,843	6,069	2,868	1,665	973.4
Property, Plant & Equipment	643.31	593.98	246.88	172.54	225.53	140.37
Long-Term Investments	55.32	58.15	33.03	1.5	3.88	-
Other Intangible Assets	25.26	29.04	22.06	4.94	6.63	-
Long-Term Deferred Tax Assets	135.9	79.73	46.51	54.3	32.29	8.55
Long-Term Deferred Charges	108.37	116.88	136.08	145.73	34.26	16.64
Other Long-Term Assets	108.26	129.17	14.82	40.7	29.54	6.99
Total Assets	18,384	10,850	6,568	3,288	1,997	1,146
Accounts Payable	2,015	730.96	926.7	242.92	330.82	176.09
Accrued Expenses	30.71	175.7	46.45	23.45	12.75	11.98
Short-Term Debt	3,742	3,472	1,953	1,580	359.47	262.13
Current Portion of Long-Term Debt	1,420	1,162	50.85	-	-	13.5
Current Portion of Leases	-	27.94	22.85	20.71	19.46	8.38
Current Income Taxes Payable	673.89	39.84	3.53	1.95	-	14.15
Current Unearned Revenue	1,334	623.73	33.71	18.8	6.37	21.8
Other Current Liabilities	271.02	164.09	94.85	32.47	5.25	16.03
Total Current Liabilities	9,486	6,396	3,132	1,920	734.12	524.07
Long-Term Debt	2,045	952.4	785.77	73.73	-	-
Long-Term Leases	116.95	116.87	96.29	112.91	133.54	28.47
Long-Term Unearned Revenue	83.14	87.28	37.6	31.97	14.17	39.68
Long-Term Deferred Tax Liabilities	29.77	27.85	34.42	26.52	22.38	-
Total Liabilities	11,761	7,581	4,086	2,165	904.21	592.22
Common Stock	226.85	226.85	161.77	113.3	80.18	60
Additional Paid-In Capital	1,948	1,844	1,774	750.6	739.27	295.56
Retained Earnings	4,511	1,255	615.33	279.49	269.49	204.28
Treasury Stock	-53.77	-53.77	-73.24	-25.2	-	-
Comprehensive Income & Other	-8.34	-3.4	2.03	3.84	3.84	-6.12
Total Common Equity	6,623	3,269	2,480	1,122	1,093	553.72
Minority Interest	-	-	1.37	1.2	-0.07	-
Shareholders' Equity	6,623	3,269	2,482	1,123	1,093	553.72
Total Liabilities & Equity	18,384	10,850	6,568	3,288	1,997	1,146
Total Debt	7,323	5,731	2,909	1,787	512.47	312.48
Net Cash (Debt)	-5,473	-5,003	-1,993	-1,513	-263.01	-194.86
Net Cash Per Share	-23.91	-22.02	-9.61	-7.35	-1.48	-1.26
Filing Date Shares Outstanding	226.85	226.85	226.48	209.24	204.29	152.88
Total Common Shares Outstanding	226.85	226.85	226.48	209.24	204.29	152.88
Working Capital	7,822	3,447	2,936	948.68	930.67	449.33
Book Value Per Share	29.20	14.41	10.95	5.36	5.35	3.62
Tangible Book Value	6,598	3,240	2,458	1,117	1,086	553.72
Tangible Book Value Per Share	29.09	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.