SHE:300475 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	6,375	2,392	897.61	453.44	144.16	769.2
Trading Asset Securities	131.99	155.48	105.04	9.91	-	16.36
Cash & Short-Term Investments	6,507	2,547	1,003	463.34	144.16	785.56
Cash Growth	503.30%	154.06%	116.39%	221.41%	-81.65%	32.93%
Accounts Receivable	3,996	3,812	1,446	810.79	462.42	823.96
Other Receivables	750.37	36.37	40.09	37.45	44.11	26.51
Receivables	4,746	3,849	1,486	848.23	506.52	850.46
Inventory	6,971	2,598	2,858	1,436	1,248	669.44
Other Current Assets	1,169	717.79	847.67	157.73	839.75	487.44
Total Current Assets	19,393	9,712	6,194	2,905	2,739	2,793
Property, Plant & Equipment	84.89	85.18	100.99	83.37	95.35	107.77
Long-Term Investments	172.26	141.63	126.09	425.23	293.27	332.02
Goodwill	1,090	1,090	1,090	1,090	1,090	1,090
Other Intangible Assets	13.65	13.88	12.66	12.9	12.51	10.99
Long-Term Deferred Tax Assets	23.74	23.93	45.73	20.21	28.24	12.67
Long-Term Deferred Charges	14.32	14.96	10.16	5.2	4.86	6.01
Other Long-Term Assets	1.62	1.81	5.55	3.24	1.77	2.37
Total Assets	20,793	11,084	7,585	4,545	4,265	4,355
Accounts Payable	10,885	4,195	2,520	477.83	87.16	503.93
Accrued Expenses	346.52	104.12	51.84	27.87	23.4	30.2
Short-Term Debt	3,766	2,148	1,326	443.1	796.46	647.7
Current Portion of Long-Term Debt	7.19	-	288.66	192.95	97.13	49.23
Current Portion of Leases	-	6.54	6.62	3.61	3.36	2.63
Current Income Taxes Payable	323.73	49.82	46.31	8.13	106.91	45.21
Current Unearned Revenue	278.77	697.92	5.07	78.8	279.67	552
Other Current Liabilities	22.12	28.13	40.33	33.51	73.45	1.61
Total Current Liabilities	15,629	7,230	4,285	1,266	1,468	1,832
Long-Term Debt	-	-	261.27	549.27	815.99	912
Long-Term Leases	16.58	15.08	22.68	5.06	7.21	10.59
Long-Term Unearned Revenue	7.87	8.26	9.42	10.8	12.18	13.6
Long-Term Deferred Tax Liabilities	22.6	14.29	4.34	43.78	21	8.22
Other Long-Term Liabilities	1.87	1.88	-	-	-	-
Total Liabilities	15,678	7,269	4,583	1,875	2,324	2,777
Common Stock	464.89	464.89	457.57	457.57	420	420
Additional Paid-In Capital	823.5	816.76	643.65	549.91	213.87	213.87
Retained Earnings	3,523	2,196	1,694	1,506	1,192	923.18
Comprehensive Income & Other	47.98	97.55	142.26	114.36	89.32	-
Total Common Equity	4,859	3,575	2,937	2,628	1,915	1,557
Minority Interest	255.57	239.6	65.06	43.15	25.52	20.82
Shareholders' Equity	5,115	3,815	3,002	2,671	1,941	1,578
Total Liabilities & Equity	20,793	11,084	7,585	4,545	4,265	4,355
Total Debt	3,790	2,170	1,905	1,194	1,720	1,622
Net Cash (Debt)	2,717	377.3	-902.61	-730.64	-1,576	-836.58
Net Cash Per Share	5.68	0.81	-1.91	-1.63	-3.76	-1.98
Filing Date Shares Outstanding	464.89	464.89	457.57	457.57	457.57	420
Total Common Shares Outstanding	464.89	464.89	457.57	457.57	420	420
Working Capital	3,763	2,483	1,909	1,639	1,271	960.41
Book Value Per Share	10.45	7.69	6.42	5.74	4.56	3.71
Tangible Book Value	3,756	2,471	1,835	1,525	812.8	456.03
Tangible Book Value Per Share	8.08	5.32	4.01	3.33	1.94	1.09
Buildings	-	74.49	74.49	74.49	75.68	75.68
Machinery	-	100.56	97.88	89.24	88.19	88.29

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