SHE:002922 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	1,604	989.33	767.88	668.47	491.39	324.59
Short-Term Investments	-	21.63	24.95	74.59	24.79	117.02
Trading Asset Securities	4.26	1.15	-	531.29	-	74.15
Cash & Short-Term Investments	1,608	1,012	792.82	1,274	516.18	515.75
Cash Growth	78.14%	27.66%	-37.79%	146.88%	0.08%	-32.55%
Accounts Receivable	2,153	2,178	2,362	1,802	1,245	931.52
Other Receivables	75.49	33.25	44.58	33.7	16.7	11.29
Receivables	2,229	2,211	2,407	1,835	1,262	942.81
Inventory	886.61	957.75	733.99	483.23	366.12	416.87
Prepaid Expenses	-	12.82	0.15	2.34	4.01	-
Other Current Assets	418.61	399.97	289.11	63.5	46.11	25.09
Total Current Assets	5,142	4,594	4,223	3,659	2,194	1,901
Property, Plant & Equipment	3,878	4,056	2,813	1,232	1,011	629.04
Long-Term Investments	56.56	39.33	43.63	99.41	103.56	1
Goodwill	49.75	49.75	37.25	37.25	37.25	37.93
Other Intangible Assets	235.45	255.17	150.47	113.61	101.95	68.34
Long-Term Deferred Tax Assets	78.2	71.73	45.19	48.65	50.89	20.45
Long-Term Deferred Charges	7.19	7.33	7.83	2.56	2.25	0.74
Other Long-Term Assets	22.97	27.19	91.69	104.14	27.58	72.21
Total Assets	9,470	9,101	7,413	5,296	3,529	2,730
Accounts Payable	1,733	2,140	1,292	1,360	1,003	755.86
Accrued Expenses	52.94	212.65	141.31	123.2	92.64	72.61
Short-Term Debt	1,729	1,876	1,757	241.97	363.65	128.08
Current Portion of Long-Term Debt	242.24	212.98	30.42	10.16	-	0.1
Current Portion of Leases	-	30.14	25.65	8.06	8.25	5.48
Current Income Taxes Payable	37.11	23.21	12.35	23.12	4.54	6.6
Current Unearned Revenue	70.2	53.04	29.86	22.11	14.16	27.3
Other Current Liabilities	114.84	75.38	244.73	131.54	203.1	72.92
Total Current Liabilities	3,980	4,623	3,534	1,920	1,690	1,069
Long-Term Debt	1,454	440.06	470.6	196.03	6.28	11.08
Long-Term Leases	38.05	40.7	50.99	6.9	7.31	2.48
Long-Term Unearned Revenue	123.17	125.2	80.98	53.78	29.45	19.65
Long-Term Deferred Tax Liabilities	12.26	12.42	10.41	14.15	34.83	1.92
Other Long-Term Liabilities	32.26	32.26	30	-	-	-
Total Liabilities	5,639	5,273	4,177	2,191	1,767	1,104
Common Stock	423.21	423.21	392.21	391.32	299.32	296.32
Additional Paid-In Capital	2,405	2,401	2,009	1,969	852.19	825.03
Retained Earnings	1,054	1,027	942.9	766.88	632.78	500.6
Treasury Stock	-72.39	-72.39	-109.06	-33.77	-22.38	-
Comprehensive Income & Other	-19.3	9.52	-26.27	-0.48	-1.94	-4.7
Total Common Equity	3,790	3,788	3,209	3,093	1,760	1,617
Minority Interest	41.02	39.88	26.84	12.33	1.61	8.91
Shareholders' Equity	3,831	3,828	3,236	3,105	1,762	1,626
Total Liabilities & Equity	9,470	9,101	7,413	5,296	3,529	2,730
Total Debt	3,464	2,599	2,335	463.11	385.49	147.22
Net Cash (Debt)	-1,855	-1,587	-1,542	811.23	130.69	368.53
Net Cash Growth	-	-	-	520.73%	-64.54%	-19.26%
Net Cash Per Share	-4.50	-3.96	-3.96	2.44	0.44	1.25
Filing Date Shares Outstanding	429.21	420.13	389.13	391.32	301.95	296.32
Total Common Shares Outstanding	429.21	420.13	389.13	391.32	299.32	296.32
Working Capital	1,163	-28.56	689.44	1,739	504.88	831.57
Book Value Per Share	8.83	9.02	8.25	7.90	5.88	5.46
Tangible Book Value	3,505	3,483	3,021	2,942	1,621	1,511
Tangible Book Value Per Share	8.17	8.29	7.76	7.52	5.41	5.10
Buildings	-	1,725	856.77	615.06	524.02	474.01
Machinery	-	1,511	858.62	567.99	478.34	300.6
Construction In Progress	-	1,242	1,377	313.37	210.93	30.75

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