SHE:300442 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	5,968	3,353	4,826	1,810	1,396	1,594
Short-Term Investments	-	0.07	-	200.62	-	-
Trading Asset Securities	-	-	-	505.86	-	-
Cash & Short-Term Investments	5,968	3,353	4,826	2,516	1,396	1,594
Cash Growth	6.78%	-30.52%	91.79%	80.27%	-12.42%	36.55%
Accounts Receivable	1,763	1,732	1,098	1,064	375.1	272.13
Other Receivables	454.07	90.32	72.35	1.03	0.94	31.2
Receivables	2,217	1,822	1,170	1,065	376.04	303.33
Inventory	38.72	43.59	1,770	769.65	1.53	-
Prepaid Expenses	-	5.02	198.57	159.29	107.08	-
Other Current Assets	1,975	2,056	976.1	514.1	831	373.55
Total Current Assets	10,199	7,280	8,941	5,024	2,711	2,271
Property, Plant & Equipment	32,559	31,732	20,258	16,347	11,653	7,454
Long-Term Investments	1,713	1,707	166.35	162.59	163.48	96.04
Goodwill	384.65	384.65	384.65	384.65	384.65	-
Other Intangible Assets	1,878	1,362	1,269	1,127	828.02	702.2
Long-Term Deferred Tax Assets	169.88	121.8	38.98	4.54	19.63	15.21
Long-Term Deferred Charges	-	-	0.01	0.05	0.1	-
Other Long-Term Assets	192.08	106.84	251.23	259.81	248.42	230.12
Total Assets	47,096	42,694	31,309	23,311	16,008	10,768
Accounts Payable	2,180	2,830	1,738	1,969	1,098	1,368
Accrued Expenses	22.87	42.18	26.76	56.26	34.24	15.8
Short-Term Debt	3,739	3,517	1,101	100.11	-	-
Current Portion of Long-Term Debt	2,906	1,027	1,516	1,151	1,045	369.69
Current Portion of Leases	-	1,108	905.38	684.94	370.53	183.25
Current Income Taxes Payable	48.24	35.45	33.81	5	1.41	-
Current Unearned Revenue	6.89	4.52	520.72	17.88	-	-
Other Current Liabilities	178.04	178.5	175.21	317.29	257.39	4.84
Total Current Liabilities	9,081	8,742	6,017	4,302	2,807	1,942
Long-Term Debt	13,574	13,142	10,500	7,601	8,117	4,910
Long-Term Leases	7,412	4,435	2,883	2,526	1,783	1,032
Long-Term Unearned Revenue	149.81	140.58	132.66	100.16	96.66	86.97
Long-Term Deferred Tax Liabilities	381.34	370.33	225.17	236.11	241.46	210.33
Total Liabilities	30,598	26,830	19,759	14,765	13,045	8,181
Common Stock	1,454	1,454	1,541	1,540	640.16	562.13
Additional Paid-In Capital	5,657	5,608	5,461	4,889	1,244	1,322
Retained Earnings	7,799	7,217	3,028	2,144	1,052	673.96
Treasury Stock	-622.87	-622.87	-64.52	-52	-	-
Comprehensive Income & Other	-0.55	-0.02	-	-	-	-
Total Common Equity	14,286	13,656	9,966	8,522	2,936	2,558
Minority Interest	2,211	2,207	1,584	23.87	27.97	29.21
Shareholders' Equity	16,497	15,864	11,550	8,546	2,964	2,587
Total Liabilities & Equity	47,096	42,694	31,309	23,311	16,008	10,768
Total Debt	27,631	23,229	16,906	12,063	11,315	6,495
Net Cash (Debt)	-21,663	-19,876	-12,080	-9,547	-9,919	-4,901
Net Cash Per Share	-13.07	-11.81	-7.02	-5.58	-7.22	-3.77
Filing Date Shares Outstanding	1,443	1,623	1,725	1,750	1,717	1,012
Total Common Shares Outstanding	1,443	1,623	1,725	1,750	1,152	1,012
Working Capital	1,118	-1,462	2,924	722.38	-95.52	329.02
Book Value Per Share	9.90	8.41	5.78	4.87	2.55	2.53
Tangible Book Value	12,023	11,910	8,312	7,010	1,723	1,856
Tangible Book Value Per Share	8.33	7.34	4.82	4.00	1.50	1.83
Buildings	-	11,769	8,540	6,401	4,357	3,449
Machinery	-	16,063	6,508	4,265	2,663	2,356
Construction In Progress	-	7,054	7,170	6,926	5,590	2,352

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