SHE:001389 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 2021	FY 2020
Period Ending	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	519.79	721.28	431.27	178.06	191.59
Trading Asset Securities	190.47	291.07	-	-	-
Cash & Short-Term Investments	710.26	1,012	431.27	178.06	191.59
Cash Growth	-29.84%	134.74%	142.20%	-7.06%	29.59%
Accounts Receivable	2,062	1,294	899.67	777.54	465.83
Other Receivables	119.63	68.08	55.5	42.85	27.05
Receivables	2,182	1,362	955.61	822	493.79
Inventory	764.45	458.55	396.91	446.02	191.14
Prepaid Expenses	-	-	5.15	-	-
Other Current Assets	37.12	15.5	13.76	7.8	10.56
Total Current Assets	3,694	2,849	1,803	1,454	887.08
Property, Plant & Equipment	3,286	2,522	1,789	1,448	837.24
Long-Term Investments	11.8	-	-	-	-
Other Intangible Assets	204.59	162.94	157.01	133.2	89.36
Long-Term Deferred Tax Assets	54.95	75.65	51.11	38.91	16.31
Long-Term Deferred Charges	12.94	7.86	3.65	5.26	5.69
Other Long-Term Assets	277.58	68.89	8.8	2.55	59.76
Total Assets	7,542	5,686	3,812	3,081	1,895
Accounts Payable	2,380	1,647	1,222	1,489	782.95
Accrued Expenses	125.84	109.6	88.23	79.04	51.96
Short-Term Debt	267.96	100.12	78.71	130.07	46.11
Current Portion of Long-Term Debt	94.55	112.04	47.79	0.03	-
Current Portion of Leases	0.63	9.24	35.72	-	-
Current Income Taxes Payable	41.69	31.88	32.23	1.27	0.51
Current Unearned Revenue	6.05	7.38	6.3	7.21	0.54
Other Current Liabilities	96.27	166.05	44.52	129.1	27.22
Total Current Liabilities	3,013	2,183	1,555	1,835	909.3
Long-Term Debt	318	191.68	222.04	-	12.53
Long-Term Leases	2.31	2.27	9.23	9.84	-
Long-Term Unearned Revenue	208.03	166.73	126.72	63.25	33.63
Long-Term Deferred Tax Liabilities	20.41	68.32	68.92	50.95	41.2
Other Long-Term Liabilities	2.25	-	-	-	99.48
Total Liabilities	3,564	2,612	1,982	1,959	1,096
Common Stock	425.66	425.27	380	380	350
Additional Paid-In Capital	1,410	1,322	645.86	631.92	440.29
Retained Earnings	2,187	1,375	804.45	110.11	9.02
Treasury Stock	-42.58	-52.98	-	-	-
Comprehensive Income & Other	-1.48	4.16	-	-	-
Shareholders' Equity	3,978	3,074	1,830	1,122	799.31
Total Liabilities & Equity	7,542	5,686	3,812	3,081	1,895
Total Debt	683.46	415.35	393.5	139.94	58.64
Net Cash (Debt)	26.8	597	37.77	38.13	132.95
Net Cash Growth	-95.51%	1480.72%	-0.94%	-71.32%	20.62%
Net Cash Per Share	0.06	1.46	0.10	0.11	0.38
Filing Date Shares Outstanding	425.66	425.27	377.7	380	345.63
Total Common Shares Outstanding	425.66	425.27	377.7	380	345.63
Working Capital	680.84	665.76	247.5	-381.45	-22.22
Book Value Per Share	9.35	7.23	4.85	2.95	2.31
Tangible Book Value	3,773	2,911	1,673	988.83	709.95
Tangible Book Value Per Share	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.