SHE:300122 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	Dec '21 Dec 31, 2021
Cash & Equivalents	1,709	2,626	2,706	6,341	2,622	4,308
Trading Asset Securities	-	-	11.53	-	-	-
Cash & Short-Term Investments	1,709	2,626	2,717	6,341	2,622	4,308
Cash Growth	-44.30%	-3.37%	-57.15%	141.81%	-39.13%	199.68%
Accounts Receivable	10,925	11,165	16,302	27,059	20,614	12,868
Other Receivables	64.47	148.12	10.97	7.8	8.39	6.87
Receivables	10,989	11,313	16,313	27,066	20,622	12,874
Inventory	3,573	5,003	22,244	8,986	8,020	7,385
Prepaid Expenses	-	0.14	4.91	9.73	-	0.59
Other Current Assets	145.89	77.16	124.31	111.37	148.53	185.63
Total Current Assets	16,418	19,019	41,403	42,514	31,413	24,754
Property, Plant & Equipment	5,764	5,880	6,165	5,120	4,693	3,557
Long-Term Investments	289.35	289.35	295	295	284.5	239
Goodwill	19.28	19.28	19.28	19.28	19.28	19.28
Other Intangible Assets	561.56	574.48	346.25	317.68	352.71	342.8
Long-Term Deferred Tax Assets	3,748	3,697	966.88	569.19	186.08	115.34
Long-Term Deferred Charges	2,137	2,090	1,871	1,088	731.97	485.04
Other Long-Term Assets	154.96	150.07	231.11	308.42	322.5	534.91
Total Assets	29,092	31,720	51,297	50,232	38,004	30,047
Accounts Payable	439.22	1,241	5,823	13,142	9,807	9,178
Accrued Expenses	27.71	578.71	522.16	1,673	1,240	1,090
Short-Term Debt	560.04	8,594	11,902	2,635	1,785	568.86
Current Portion of Long-Term Debt	2,878	765.62	85.01	36.41	-	-
Current Portion of Leases	-	9.2	11.77	10.2	9.81	0.25
Current Income Taxes Payable	20.09	6.53	86.86	434.59	347.7	933.25
Current Unearned Revenue	58.94	83.4	11.87	11.31	-	-
Other Current Liabilities	1,244	1,125	418.82	143.86	40.17	99.62
Total Current Liabilities	5,228	12,404	18,861	18,086	13,230	11,871
Long-Term Debt	7,858	2,909	1,242	328.08	210.64	236.41
Long-Term Leases	7.84	9.54	16.67	25.31	27.76	12.24
Long-Term Unearned Revenue	250.08	256.05	281.68	228.27	238.34	222.2
Long-Term Deferred Tax Liabilities	35.66	35.66	44.31	57.96	60.77	48.34
Total Liabilities	13,380	15,614	20,446	18,726	13,768	12,390
Common Stock	2,394	2,394	2,394	2,400	1,600	1,600
Additional Paid-In Capital	210.19	210.19	197.88	47.96	207.96	207.96
Retained Earnings	12,847	13,236	28,262	29,058	22,428	15,849
Total Common Equity	15,451	15,840	30,854	31,506	24,236	17,657
Minority Interest	260.97	266.35	-2.23	-	-	-
Shareholders' Equity	15,712	16,106	30,851	31,506	24,236	17,657
Total Liabilities & Equity	29,092	31,720	51,297	50,232	38,004	30,047
Total Debt	11,304	12,287	13,257	3,035	2,033	817.76
Net Cash (Debt)	-9,595	-9,662	-10,540	3,305	588.94	3,490
Net Cash Growth	-	-	-	461.19%	-83.13%	-
Net Cash Per Share	-4.01	-4.04	-4.40	1.38	0.25	1.45
Filing Date Shares Outstanding	2,394	2,394	2,394	2,400	2,400	2,400
Total Common Shares Outstanding	2,394	2,394	2,394	2,400	2,400	2,400
Working Capital	11,190	6,615	22,542	24,428	18,183	12,883
Book Value Per Share	6.45	6.62	12.89	13.13	10.10	7.36
Tangible Book Value	14,871	15,246	30,488	31,169	23,864	17,295
Tangible Book Value Per Share	6.21	6.37	12.74	12.99	9.94	7.21
Buildings	-	2,880	2,840	2,522	1,705	1,042
Machinery	-	3,605	3,396	2,526	2,064	1,369
Construction In Progress	-	1,547	1,585	1,287	1,836	1,825

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