SHE:300409 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	1,564	2,359	2,689	4,203	1,538	1,005
Trading Asset Securities	-	523	650	-	-	-
Cash & Short-Term Investments	1,564	2,882	3,339	4,203	1,538	1,005
Cash Growth	-43.19%	-13.68%	-20.56%	173.19%	53.01%	141.22%
Accounts Receivable	1,005	1,259	1,450	2,257	1,964	1,881
Other Receivables	266.82	68.34	75.61	95.13	70.74	98.88
Receivables	1,272	1,327	1,526	2,353	2,035	1,980
Inventory	3,364	2,752	2,597	1,835	2,146	1,740
Other Current Assets	1,032	527.55	454.91	370.19	651.88	264.3
Total Current Assets	7,232	7,488	7,917	8,761	6,371	4,990
Property, Plant & Equipment	4,737	4,692	4,848	4,404	3,803	1,741
Long-Term Investments	561.71	566.8	214.21	343.08	199.46	201.25
Goodwill	406.98	406.98	418.48	444.39	450.49	450.49
Other Intangible Assets	490.11	494.49	538.67	555.24	560.03	364.17
Long-Term Accounts Receivable	-	14.02	-	-	-	-
Long-Term Deferred Tax Assets	209.11	198.82	204.74	169.22	139.71	73.85
Long-Term Deferred Charges	75.23	83.31	22.55	7.23	5.34	4.37
Other Long-Term Assets	364.09	222.43	148.67	185.05	174.17	164.81
Total Assets	14,076	14,168	14,312	14,869	11,703	7,990
Accounts Payable	722.07	912.76	1,116	1,154	1,425	944.01
Accrued Expenses	42.74	167.98	129.06	130.09	128.49	192.49
Short-Term Debt	2,694	2,720	2,741	2,309	2,210	1,413
Current Portion of Long-Term Debt	215.38	162.48	317.68	253.48	231.98	122.03
Current Portion of Leases	-	3.22	3.08	4.19	6.48	8.13
Current Income Taxes Payable	160.69	119.77	109.57	91.95	47.9	56.23
Current Unearned Revenue	61.38	33.25	9.98	30.22	30.09	22.79
Other Current Liabilities	170.42	123.53	186.81	225.22	99.97	214.41
Total Current Liabilities	4,067	4,243	4,613	4,198	4,180	2,973
Long-Term Debt	1,302	1,358	2,154	3,379	976.59	247.93
Long-Term Leases	-	-	3.22	7.29	11.34	12.94
Long-Term Unearned Revenue	169.99	174.2	156.52	176.22	150.8	132.55
Long-Term Deferred Tax Liabilities	74.68	24.01	5.82	8.35	10.28	9.55
Total Liabilities	5,613	5,799	6,933	7,769	5,329	3,376
Common Stock	782.25	782.25	688.99	581.67	581.33	578.83
Additional Paid-In Capital	5,899	5,892	4,809	3,825	3,591	2,740
Retained Earnings	1,545	1,438	1,070	1,129	1,186	1,129
Treasury Stock	-109.36	-109.36	-109.36	-	-	-
Comprehensive Income & Other	15.94	47.08	289.98	491.99	52.76	44.48
Total Common Equity	8,134	8,049	6,749	6,028	5,412	4,492
Minority Interest	329.32	319.45	630.5	1,072	962.41	122.13
Shareholders' Equity	8,463	8,369	7,379	7,100	6,374	4,614
Total Liabilities & Equity	14,076	14,168	14,312	14,869	11,703	7,990
Total Debt	4,211	4,243	5,219	5,953	3,437	1,804
Net Cash (Debt)	-2,647	-1,361	-1,881	-1,750	-1,898	-798.42
Net Cash Per Share	-3.44	-1.82	-3.24	-3.14	-3.30	-1.45
Filing Date Shares Outstanding	770.83	770.83	677.57	487.75	581.33	578.83
Total Common Shares Outstanding	770.83	770.83	677.57	487.75	581.33	578.83
Working Capital	3,165	3,245	3,304	4,563	2,191	2,017
Book Value Per Share	10.55	10.44	9.96	12.36	9.31	7.76
Tangible Book Value	7,237	7,148	5,792	5,028	4,401	3,677
Tangible Book Value Per Share	9.39	9.27	8.55	10.31	7.57	6.35
Buildings	-	2,336	2,240	2,031	1,698	814.64
Machinery	-	3,648	3,075	2,356	1,697	1,017
Construction In Progress	-	251.03	753.47	942.03	1,130	458.68

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