SHE:300048 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	889.43	1,406	1,251	668.16	523.57	294.1
Trading Asset Securities	100.18	150.01	-	-	-	-
Cash & Short-Term Investments	989.62	1,556	1,251	668.16	523.57	294.1
Cash Growth	-20.92%	24.44%	87.19%	27.62%	78.03%	30.63%
Accounts Receivable	2,132	1,445	1,260	1,010	919.79	666.96
Other Receivables	46.58	40.45	21.82	8.06	18.51	169.81
Receivables	2,179	1,485	1,282	1,018	938.3	836.77
Inventory	918.62	674.27	994.96	418.42	273.57	282.97
Prepaid Expenses	-	8.06	6.99	2.42	-	-
Other Current Assets	378.69	247.38	62.66	49.7	86.16	63.18
Total Current Assets	4,466	3,971	3,598	2,157	1,822	1,477
Property, Plant & Equipment	642.97	641.08	826.58	799.76	740.04	760.63
Long-Term Investments	33.8	27.05	32.85	35.18	38.55	42.54
Goodwill	25.79	25.79	25.79	31.61	31.61	31.61
Other Intangible Assets	155.68	165.72	93.8	113.01	124.47	144.17
Long-Term Deferred Tax Assets	57.45	42.68	25.03	18.32	14.5	21.77
Long-Term Deferred Charges	14.59	14.74	13.82	4.42	2.58	0.58
Other Long-Term Assets	101.67	29.7	18.28	7.2	4.69	6.45
Total Assets	5,498	4,918	4,634	3,166	2,778	2,485
Accounts Payable	2,933	2,397	2,315	1,056	580.59	349.45
Accrued Expenses	47.6	128.39	112.06	88.58	71.96	63.67
Current Portion of Long-Term Debt	5.73	-	-	-	10.76	29.81
Current Portion of Leases	-	5.81	10.71	0.94	6.8	-
Current Income Taxes Payable	11.16	1.16	15.9	9.22	5.44	1.71
Current Unearned Revenue	233.41	151.31	125.69	113.16	89.75	94.61
Other Current Liabilities	261.83	236.47	251.76	122.37	64.35	54.19
Total Current Liabilities	3,493	2,921	2,831	1,390	829.65	593.44
Long-Term Debt	-	-	-	-	-	14.72
Long-Term Leases	63.31	67.02	35.67	43.32	40.92	44.84
Long-Term Unearned Revenue	16.07	4.93	0.05	2.31	2.55	3.81
Long-Term Deferred Tax Liabilities	-	0	0.04	-	0.03	0.16
Other Long-Term Liabilities	38.81	35.64	5.02	7.27	-	-
Total Liabilities	3,611	3,028	2,872	1,443	873.14	656.98
Common Stock	1,128	1,128	1,117	1,114	1,108	1,102
Additional Paid-In Capital	976.96	971.9	921.55	904.85	878.97	850.11
Retained Earnings	-278.95	-267.38	-329.39	-339.69	-119.56	-145.52
Comprehensive Income & Other	-11.45	-11.45	-5.65	-3.32	0.05	-5.16
Total Common Equity	1,815	1,821	1,703	1,676	1,868	1,802
Minority Interest	71.75	68.32	58.27	47.12	37.12	26.16
Shareholders' Equity	1,887	1,890	1,761	1,723	1,905	1,828
Total Liabilities & Equity	5,498	4,918	4,634	3,166	2,778	2,485
Total Debt	69.04	72.82	46.38	44.26	58.47	89.38
Net Cash (Debt)	920.58	1,484	1,204	623.9	465.1	204.72
Net Cash Growth	-23.58%	23.19%	93.04%	34.14%	127.18%	698.28%
Net Cash Per Share	0.89	1.44	1.17	0.57	0.36	0.20
Filing Date Shares Outstanding	1,124	1,128	1,117	1,114	1,108	1,102
Total Common Shares Outstanding	1,124	1,128	1,117	1,114	1,108	1,102
Working Capital	972.84	1,051	766.13	766.11	991.94	883.58
Book Value Per Share	1.62	1.61	1.53	1.50	1.69	1.63
Tangible Book Value	1,633	1,630	1,584	1,531	1,712	1,626
Tangible Book Value Per Share	1.45	1.44	1.42	1.37	1.54	1.48
Buildings	-	145.9	325.03	426.85	421.37	354.84
Machinery	-	538.58	615.01	528.56	496.98	497.26
Construction In Progress	-	101.54	121.56	58.27	6.2	57.36

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