SHE:300008 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 2022	FY 2021
Period Ending	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	878.74	627.78	889.7	599.63	399.66
Trading Asset Securities	28.64	5	2	5	-
Cash & Short-Term Investments	907.37	632.78	891.7	604.63	399.66
Cash Growth	43.40%	-29.04%	47.48%	51.28%	-2.76%
Accounts Receivable	1,943	1,592	1,118	1,134	498.63
Other Receivables	53.98	9.88	15.97	19.33	15.06
Receivables	1,997	1,602	1,134	1,153	513.69
Inventory	644.02	297.29	367.78	316.14	195.86
Prepaid Expenses	-	-	-	0.13	-
Other Current Assets	927.73	767.08	606.61	498.99	161.83
Total Current Assets	4,476	3,299	3,000	2,573	1,271
Property, Plant & Equipment	1,010	924.22	898.51	830.16	460.84
Long-Term Investments	273.93	304.63	276.79	247.49	164.51
Other Intangible Assets	77.08	79.15	78.4	77.38	92.48
Long-Term Accounts Receivable	7.54	6.81	10.06	22.05	401.1
Long-Term Deferred Tax Assets	37.63	35.26	40.6	46.01	27.32
Long-Term Deferred Charges	20.05	14.78	19.75	12.01	15.31
Other Long-Term Assets	1.62	6.47	12.23	12.68	18.16
Total Assets	5,904	4,670	4,337	3,821	2,451
Accounts Payable	946.27	816.04	787.06	702.57	274.48
Accrued Expenses	102.58	62.78	36.07	32.99	12.76
Short-Term Debt	896.69	644.83	456.19	200.76	184.83
Current Portion of Long-Term Debt	31.13	6.69	-	-	-
Current Portion of Leases	171.48	122.67	118.44	70.85	14.15
Current Income Taxes Payable	36.33	30.03	38.7	7	3.19
Current Unearned Revenue	794.71	600.62	522.28	531.45	126.85
Other Current Liabilities	239.48	103.34	209.3	220.49	64.53
Total Current Liabilities	3,219	2,387	2,168	1,766	680.78
Long-Term Debt	32.78	67.05	24.5	19.6	48.6
Long-Term Leases	182.43	73.77	123.35	213.3	30.05
Long-Term Unearned Revenue	11	9.5	9.5	5	4.5
Long-Term Deferred Tax Liabilities	23.58	24.14	33.68	36.26	13.43
Other Long-Term Liabilities	12.73	-	32.3	-	-
Total Liabilities	3,481	2,561	2,391	2,040	777.36
Common Stock	1,728	1,728	1,728	1,728	1,728
Additional Paid-In Capital	391.47	1,641	1,638	1,647	1,647
Retained Earnings	204.65	-1,348	-1,486	-1,588	-1,727
Treasury Stock	-	-	-	-50.13	-
Comprehensive Income & Other	89.29	72.3	51.57	36.72	28.67
Total Common Equity	2,413	2,093	1,931	1,774	1,677
Minority Interest	9.14	15.16	14.12	7.02	-3.96
Shareholders' Equity	2,423	2,109	1,945	1,781	1,673
Total Liabilities & Equity	5,904	4,670	4,337	3,821	2,451
Total Debt	1,315	915	722.47	504.51	277.63
Net Cash (Debt)	-407.14	-282.23	169.23	100.12	122.04
Net Cash Growth	-	-	69.03%	-17.96%	-62.62%
Net Cash Per Share	-0.24	-0.16	0.10	0.06	0.07
Filing Date Shares Outstanding	1,728	1,728	1,728	1,733	1,728
Total Common Shares Outstanding	1,728	1,728	1,728	1,733	1,728
Working Capital	1,258	911.75	832.21	807.17	590.26
Book Value Per Share	1.40	1.21	1.12	1.02	0.97
Tangible Book Value	2,336	2,014	1,853	1,696	1,585
Tangible Book Value Per Share	1.35	1.17	1.07	0.98	0.92
Buildings	498.09	486.31	420.15	355.68	401.18
Machinery	726.24	686.52	588.58	524.49	233.27
Construction In Progress	4.07	25.55	131.73	121.22	17

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