SHE:001311 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	212.34	411.78	546.98	666.99	152.26	137.58
Trading Asset Securities	40.06	70.1	200.94	380.44	0.87	-
Cash & Short-Term Investments	252.4	481.88	747.92	1,047	153.13	137.58
Cash Growth	-61.67%	-35.57%	-28.59%	584.03%	11.30%	45.02%
Accounts Receivable	1,415	1,430	1,252	1,412	1,140	893.28
Other Receivables	2.49	141.05	98.7	72.07	32.74	5.26
Receivables	1,417	1,571	1,351	1,484	1,173	898.54
Inventory	1,048	1,123	807.68	566.48	608.43	433.53
Prepaid Expenses	-	0.32	6.21	0.62	5.99	4.2
Other Current Assets	215.66	31.02	16.31	48.75	42.7	42.86
Total Current Assets	2,933	3,207	2,929	3,147	1,983	1,517
Property, Plant & Equipment	3,153	2,975	2,388	1,743	1,165	853.87
Long-Term Investments	96.97	96.84	-	-	-	-
Other Intangible Assets	346.69	347.23	351.73	225.53	183.95	163
Long-Term Deferred Tax Assets	99.07	100.95	74.33	42.51	21.88	16.69
Long-Term Deferred Charges	58.52	49.84	46.26	45.15	60.44	69.48
Other Long-Term Assets	288.98	222.76	113.82	205.85	115.1	51.3
Total Assets	7,003	6,999	5,903	5,410	3,529	2,671
Accounts Payable	1,915	2,149	1,143	822.78	796.47	654.92
Accrued Expenses	31.07	61.57	55.56	70.88	64.02	64.55
Short-Term Debt	71.94	-	-	-	387.02	383.96
Current Portion of Long-Term Debt	7.93	-	-	5.05	7.3	-
Current Portion of Leases	-	7.68	9.88	7.57	5.62	5.24
Current Income Taxes Payable	61.44	17.2	34.28	51.06	48.6	31.39
Current Unearned Revenue	22.87	15.96	13.68	12.02	13.88	4.43
Other Current Liabilities	16.18	22.79	23.6	44.08	43.17	45.82
Total Current Liabilities	2,126	2,275	1,280	1,013	1,366	1,190
Long-Term Debt	-	-	-	40	230.72	-
Long-Term Leases	28.04	29.9	37.68	43.97	47.82	52.44
Long-Term Unearned Revenue	57.31	48.56	27.71	26.28	20.36	12.42
Long-Term Deferred Tax Liabilities	-	-	-	0.67	0.75	-
Total Liabilities	2,212	2,353	1,346	1,124	1,666	1,255
Common Stock	310.51	310.51	238.85	183.73	106	106
Additional Paid-In Capital	2,035	2,035	2,110	2,165	215.77	215.77
Retained Earnings	2,354	2,286	2,212	1,938	1,542	1,094
Comprehensive Income & Other	-1.51	-0.36	-	-	-	-
Total Common Equity	4,698	4,632	4,561	4,286	1,863	1,416
Minority Interest	92.87	14.65	-2.91	-0.84	-	-
Shareholders' Equity	4,791	4,646	4,558	4,285	1,863	1,416
Total Liabilities & Equity	7,003	6,999	5,903	5,410	3,529	2,671
Total Debt	107.91	37.58	47.56	96.59	678.48	441.64
Net Cash (Debt)	144.49	444.3	700.36	950.85	-525.36	-304.06
Net Cash Growth	-76.46%	-36.56%	-26.34%	-	-	-
Net Cash Per Share	0.44	1.42	2.26	3.16	-2.26	-1.31
Filing Date Shares Outstanding	309.18	310.51	310.51	310.51	232.88	232.88
Total Common Shares Outstanding	309.18	310.51	310.51	310.51	232.88	232.88
Working Capital	807.09	932.37	1,649	2,134	617	326.4
Book Value Per Share	15.20	14.92	14.69	13.80	8.00	6.08
Tangible Book Value	4,326	4,284	4,209	4,061	1,679	1,253
Tangible Book Value Per Share	13.99	13.80	13.55	13.08	7.21	5.38
Buildings	-	1,044	1,036	844.84	589.49	465.46
Machinery	-	2,396	2,037	1,347	1,038	769.39
Construction In Progress	-	619.01	164.6	216.28	73.17	71.44

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