SHE:300409 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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	782.97	2,359	2,689	4,203	1,538	1,005
Trading Asset Securities	224.37	523	650	-	-	-
Cash & Short-Term Investments	1,007	2,882	3,339	4,203	1,538	1,005
Cash Growth	-61.90%	-13.68%	-20.56%	173.19%	53.01%	141.22%
Accounts Receivable	1,465	1,259	1,450	2,257	1,964	1,881
Other Receivables	100.16	68.34	75.61	95.13	70.74	98.88
Receivables	1,565	1,327	1,526	2,353	2,035	1,980
Inventory	3,967	2,752	2,597	1,835	2,146	1,740
Other Current Assets	626.79	527.55	454.91	370.19	651.88	264.3
Total Current Assets	7,166	7,488	7,917	8,761	6,371	4,990
Property, Plant & Equipment	4,710	4,692	4,848	4,404	3,803	1,741
Long-Term Investments	609.01	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	489.28	494.49	538.67	555.24	560.03	364.17
Long-Term Accounts Receivable	-	14.02	-	-	-	-
Long-Term Deferred Tax Assets	241.72	198.82	204.74	169.22	139.71	73.85
Long-Term Deferred Charges	76.72	83.31	22.55	7.23	5.34	4.37
Other Long-Term Assets	338.89	222.43	148.67	185.05	174.17	164.81
Total Assets	14,038	14,168	14,312	14,869	11,703	7,990

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Accounts Payable	846.25	912.76	1,116	1,154	1,425	944.01
Accrued Expenses	79.57	167.98	129.06	130.09	128.49	192.49
Short-Term Debt	2,408	2,720	2,741	2,309	2,210	1,413
Current Portion of Long-Term Debt	178.72	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	117.56	119.77	109.57	91.95	47.9	56.23
Current Unearned Revenue	268.11	33.25	9.98	30.22	30.09	22.79
Other Current Liabilities	178	123.53	186.81	225.22	99.97	214.41
Total Current Liabilities	4,076	4,243	4,613	4,198	4,180	2,973
Long-Term Debt	1,294	1,358	2,154	3,379	976.59	247.93
Long-Term Leases	0.53	-	3.22	7.29	11.34	12.94
Long-Term Unearned Revenue	164.23	174.2	156.52	176.22	150.8	132.55
Long-Term Deferred Tax Liabilities	158.71	24.01	5.82	8.35	10.28	9.55
Total Liabilities	5,694	5,799	6,933	7,769	5,329	3,376

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Common Stock	782.25	782.25	688.99	581.67	581.33	578.83
Additional Paid-In Capital	5,882	5,892	4,809	3,825	3,591	2,740
Retained Earnings	1,546	1,438	1,070	1,129	1,186	1,129
Treasury Stock	-109.36	-109.36	-109.36	-	-	-
Comprehensive Income & Other	-47.23	47.08	289.98	491.99	52.76	44.48
Total Common Equity	8,054	8,049	6,749	6,028	5,412	4,492
Minority Interest	290.47	319.45	630.5	1,072	962.41	122.13
Shareholders' Equity	8,344	8,369	7,379	7,100	6,374	4,614
Total Liabilities & Equity	14,038	14,168	14,312	14,869	11,703	7,990

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Total Debt	3,881	4,243	5,219	5,953	3,437	1,804
Net Cash (Debt)	-2,874	-1,361	-1,881	-1,750	-1,898	-798.42
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-3.73	-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	3,089	3,245	3,304	4,563	2,191	2,017
Book Value Per Share	10.45	10.44	9.96	12.36	9.31	7.76
Tangible Book Value	7,158	7,148	5,792	5,028	4,401	3,677
Tangible Book Value Per Share	9.29	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