SHE:300416 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	610.29	692.05	812.45	931.46	1,060	1,005
Cash & Short-Term Investments	610.29	692.05	812.45	931.46	1,060	1,005
Cash Growth	-25.07%	-14.82%	-12.78%	-12.10%	5.46%	99.19%
Accounts Receivable	1,632	1,602	1,437	1,277	954.54	686.4
Other Receivables	33.09	37.05	38.76	24.91	22.05	14.76
Receivables	1,665	1,639	1,476	1,302	976.59	701.16
Inventory	415.15	368.74	376.99	340.27	395.89	353.02
Prepaid Expenses	-	1.34	1.56	1.08	2.07	2.31
Other Current Assets	114.28	101.27	106.37	120.24	117.31	155.63
Total Current Assets	2,804	2,803	2,773	2,695	2,551	2,217
Property, Plant & Equipment	1,861	1,917	1,877	1,760	1,356	1,221
Long-Term Investments	25.07	25.74	25.45	19.71	29.32	18.71
Goodwill	58.98	58.98	61.01	61.01	61.01	61.01
Other Intangible Assets	104.03	104.37	109	114.68	123.17	127.66
Long-Term Deferred Tax Assets	61.28	60.53	58.46	50.59	46.8	36.37
Long-Term Deferred Charges	107.68	116.1	118.37	113.31	109.88	90.35
Other Long-Term Assets	40.09	14.55	10.86	35.67	1.41	-
Total Assets	5,062	5,100	5,033	4,850	4,279	3,772
Accounts Payable	370.99	548.16	447.56	418.13	372.73	275
Accrued Expenses	57.91	151.54	125.88	116	120.51	80.12
Short-Term Debt	896.6	706.1	632.27	527.43	427.43	547.02
Current Portion of Long-Term Debt	108.47	65.1	112.19	137.09	50.53	68.44
Current Portion of Leases	-	36.4	31.3	36.5	21.82	20.6
Current Income Taxes Payable	15.98	13.67	9.2	10.39	11.17	17.87
Current Unearned Revenue	147.11	127.29	144.37	169.66	257.67	272.05
Other Current Liabilities	42.33	49.9	40.63	32.91	76.4	21.45
Total Current Liabilities	1,639	1,698	1,543	1,448	1,338	1,303
Long-Term Debt	44	73.5	110.87	166.05	334.05	410.17
Long-Term Leases	268.38	262.85	230.68	238.18	180.83	195.5
Long-Term Unearned Revenue	6.16	6.38	3.37	3.88	4.68	5.56
Long-Term Deferred Tax Liabilities	30.41	32.11	32.79	26.99	15.41	6.02
Other Long-Term Liabilities	2.12	2.03	2.01	2.19	2.75	2.25
Total Liabilities	1,990	2,075	1,923	1,885	1,876	1,922
Common Stock	508.55	508.55	508.55	508.55	386.99	284.58
Additional Paid-In Capital	775.3	772.88	938.59	941.28	910.33	759.27
Retained Earnings	1,528	1,484	1,303	1,149	892.66	665.47
Treasury Stock	-	-	-110.91	-70.37	-	-52.16
Comprehensive Income & Other	-0.38	2	-0.04	0.17	11.37	56.54
Total Common Equity	2,811	2,768	2,639	2,528	2,201	1,714
Minority Interest	260.59	257.78	470.99	435.96	201.34	135.86
Shareholders' Equity	3,072	3,025	3,110	2,964	2,403	1,850
Total Liabilities & Equity	5,062	5,100	5,033	4,850	4,279	3,772
Total Debt	1,317	1,144	1,117	1,105	1,015	1,242
Net Cash (Debt)	-707.16	-451.9	-304.85	-173.81	44.96	-236.93
Net Cash Per Share	-1.39	-0.89	-0.60	-0.34	0.09	-0.53
Filing Date Shares Outstanding	508.55	508.55	501.49	503.99	503.08	445.72
Total Common Shares Outstanding	508.55	508.55	501.49	504.76	503.08	445.72
Working Capital	1,165	1,105	1,230	1,247	1,213	914.38
Book Value Per Share	5.53	5.44	5.26	5.01	4.38	3.84
Tangible Book Value	2,648	2,604	2,469	2,353	2,017	1,525
Tangible Book Value Per Share	5.21	5.12	4.92	4.66	4.01	3.42
Buildings	-	482.35	473.78	473.78	381.86	305.12
Machinery	-	2,119	1,900	1,513	1,148	974.58
Construction In Progress	-	45.07	82.44	162.63	135.17	134.05

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