SHE:300008 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	1,033	878.74	627.78	889.7	599.63	399.66
Trading Asset Securities	28.64	28.64	5	2	5	-
Cash & Short-Term Investments	1,061	907.37	632.78	891.7	604.63	399.66
Cash Growth	71.85%	43.40%	-29.04%	47.48%	51.28%	-2.76%
Accounts Receivable	1,349	1,943	1,592	1,118	1,134	498.63
Other Receivables	56.89	53.98	9.88	15.97	19.33	15.06
Receivables	1,406	1,997	1,602	1,134	1,153	513.69
Inventory	580.5	644.02	297.29	367.78	316.14	195.86
Prepaid Expenses	-	-	-	-	0.13	-
Other Current Assets	1,206	927.73	767.08	606.61	498.99	161.83
Total Current Assets	4,253	4,476	3,299	3,000	2,573	1,271
Property, Plant & Equipment	990.25	1,010	924.22	898.51	830.16	460.84
Long-Term Investments	284.88	273.93	304.63	276.79	247.49	164.51
Other Intangible Assets	76	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	36	37.63	35.26	40.6	46.01	27.32
Long-Term Deferred Charges	21.4	20.05	14.78	19.75	12.01	15.31
Other Long-Term Assets	150.28	1.62	6.47	12.23	12.68	18.16
Total Assets	5,812	5,904	4,670	4,337	3,821	2,451
Accounts Payable	554.45	946.27	816.04	787.06	702.57	274.48
Accrued Expenses	36.61	102.58	62.78	36.07	32.99	12.76
Short-Term Debt	949.1	896.69	644.83	456.19	200.76	184.83
Current Portion of Long-Term Debt	205.68	31.13	6.69	-	-	-
Current Portion of Leases	-	171.48	122.67	118.44	70.85	14.15
Current Income Taxes Payable	46.63	36.33	30.03	38.7	7	3.19
Current Unearned Revenue	982.76	794.71	600.62	522.28	531.45	126.85
Other Current Liabilities	308.9	239.48	103.34	209.3	220.49	64.53
Total Current Liabilities	3,084	3,219	2,387	2,168	1,766	680.78
Long-Term Debt	27.93	32.78	67.05	24.5	19.6	48.6
Long-Term Leases	107.28	182.43	73.77	123.35	213.3	30.05
Long-Term Unearned Revenue	11	11	9.5	9.5	5	4.5
Long-Term Deferred Tax Liabilities	23.17	23.58	24.14	33.68	36.26	13.43
Other Long-Term Liabilities	45.77	12.73	-	32.3	-	-
Total Liabilities	3,299	3,481	2,561	2,391	2,040	777.36
Common Stock	1,728	1,728	1,728	1,728	1,728	1,728
Additional Paid-In Capital	391.47	391.47	1,641	1,638	1,647	1,647
Retained Earnings	289.54	204.65	-1,348	-1,486	-1,588	-1,727
Treasury Stock	-	-	-	-	-50.13	-
Comprehensive Income & Other	96.5	89.29	72.3	51.57	36.72	28.67
Total Common Equity	2,506	2,413	2,093	1,931	1,774	1,677
Minority Interest	7.43	9.14	15.16	14.12	7.02	-3.96
Shareholders' Equity	2,513	2,423	2,109	1,945	1,781	1,673
Total Liabilities & Equity	5,812	5,904	4,670	4,337	3,821	2,451
Total Debt	1,290	1,315	915	722.47	504.51	277.63
Net Cash (Debt)	-228.79	-407.14	-282.23	169.23	100.12	122.04
Net Cash Growth	-	-	-	69.03%	-17.96%	-62.62%
Net Cash Per Share	-0.13	-0.24	-0.16	0.10	0.06	0.07
Filing Date Shares Outstanding	1,729	1,728	1,728	1,728	1,733	1,728
Total Common Shares Outstanding	1,729	1,728	1,728	1,728	1,733	1,728
Working Capital	1,169	1,258	911.75	832.21	807.17	590.26
Book Value Per Share	1.45	1.40	1.21	1.12	1.02	0.97
Tangible Book Value	2,430	2,336	2,014	1,853	1,696	1,585
Tangible Book Value Per Share	1.41	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.