SHE:001389 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 2021	FY 2020
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	3,331	519.79	721.28	431.27	178.06	191.59
Trading Asset Securities	-	190.47	291.07	-	-	-
Cash & Short-Term Investments	3,331	710.26	1,012	431.27	178.06	191.59
Cash Growth	221.11%	-29.84%	134.74%	142.20%	-7.06%	29.59%
Accounts Receivable	2,310	2,062	1,294	899.67	777.54	465.83
Other Receivables	3.9	119.63	68.08	55.5	42.85	27.05
Receivables	2,314	2,182	1,362	955.61	822	493.79
Inventory	957.89	764.45	458.55	396.91	446.02	191.14
Prepaid Expenses	-	-	-	5.15	-	-
Other Current Assets	184.62	37.12	15.5	13.76	7.8	10.56
Total Current Assets	6,787	3,694	2,849	1,803	1,454	887.08
Property, Plant & Equipment	3,925	3,286	2,522	1,789	1,448	837.24
Long-Term Investments	11.8	11.8	-	-	-	-
Other Intangible Assets	203.78	204.59	162.94	157.01	133.2	89.36
Long-Term Deferred Tax Assets	54.27	54.95	75.65	51.11	38.91	16.31
Long-Term Deferred Charges	11.08	12.94	7.86	3.65	5.26	5.69
Other Long-Term Assets	484.1	277.58	68.89	8.8	2.55	59.76
Total Assets	11,477	7,542	5,686	3,812	3,081	1,895
Accounts Payable	3,008	2,380	1,647	1,222	1,489	782.95
Accrued Expenses	74.83	125.84	109.6	88.23	79.04	51.96
Short-Term Debt	264	267.96	100.12	78.71	130.07	46.11
Current Portion of Long-Term Debt	105.18	94.55	112.04	47.79	0.03	-
Current Portion of Leases	-	0.63	9.24	35.72	-	-
Current Income Taxes Payable	82.81	41.69	31.88	32.23	1.27	0.51
Current Unearned Revenue	7.11	6.05	7.38	6.3	7.21	0.54
Other Current Liabilities	113.85	96.27	166.05	44.52	129.1	27.22
Total Current Liabilities	3,655	3,013	2,183	1,555	1,835	909.3
Long-Term Debt	381.09	318	191.68	222.04	-	12.53
Long-Term Leases	2.13	2.31	2.27	9.23	9.84	-
Long-Term Unearned Revenue	206.65	208.03	166.73	126.72	63.25	33.63
Long-Term Deferred Tax Liabilities	20.41	20.41	68.32	68.92	50.95	41.2
Other Long-Term Liabilities	2.25	2.25	-	-	-	99.48
Total Liabilities	4,268	3,564	2,612	1,982	1,959	1,096
Common Stock	466.86	425.66	425.27	380	380	350
Additional Paid-In Capital	4,211	1,410	1,322	645.86	631.92	440.29
Retained Earnings	2,579	2,187	1,375	804.45	110.11	9.02
Treasury Stock	-42.58	-42.58	-52.98	-	-	-
Comprehensive Income & Other	-5.9	-1.48	4.16	-	-	-
Shareholders' Equity	7,209	3,978	3,074	1,830	1,122	799.31
Total Liabilities & Equity	11,477	7,542	5,686	3,812	3,081	1,895
Total Debt	752.4	683.46	415.35	393.5	139.94	58.64
Net Cash (Debt)	2,579	26.8	597	37.77	38.13	132.95
Net Cash Growth	339.89%	-95.51%	1480.72%	-0.94%	-71.32%	20.62%
Net Cash Per Share	6.11	0.06	1.46	0.10	0.11	0.38
Filing Date Shares Outstanding	422.1	425.66	425.27	377.7	380	345.63
Total Common Shares Outstanding	422.1	425.66	425.27	377.7	380	345.63
Working Capital	3,132	680.84	665.76	247.5	-381.45	-22.22
Book Value Per Share	17.08	9.35	7.23	4.85	2.95	2.31
Tangible Book Value	7,005	3,773	2,911	1,673	988.83	709.95
Tangible Book Value Per Share	16.60	8.86	6.84	4.43	2.60	2.05
Buildings	-	1,502	886.82	740.23	705.07	240.19
Machinery	-	2,484	1,666	1,419	1,078	722.76
Construction In Progress	-	254.6	739.57	255.09	73.12	232.32

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