SHE:300568 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	1,998	3,683	3,873	3,131	968.77
Trading Asset Securities	30	299.37	870.64	1,556	265.55
Cash & Short-Term Investments	2,028	3,982	4,744	4,686	1,234
Cash Growth	-49.07%	-16.05%	1.23%	279.68%	181.56%
Accounts Receivable	2,851	2,668	1,853	1,580	1,191
Other Receivables	-	-	8.26	7.61	5.69
Receivables	2,851	2,668	1,861	1,587	1,196
Inventory	762.38	518.06	396.86	283.7	268.83
Other Current Assets	441.61	373.16	416.59	225	172.35
Total Current Assets	6,084	7,542	7,419	6,782	2,872
Property, Plant & Equipment	16,833	12,877	8,578	5,786	3,907
Long-Term Investments	200.56	178.13	5.12	64.97	59.59
Other Intangible Assets	1,072	991.15	589.25	341.19	320.64
Long-Term Deferred Tax Assets	66.74	23.72	11.39	34.51	40.58
Other Long-Term Assets	467.09	1,533	1,344	692.17	417.11
Total Assets	24,724	23,146	17,945	13,701	7,617
Accounts Payable	1,363	1,643	1,056	1,035	530.19
Accrued Expenses	94.47	71.62	79.89	107.41	53.13
Short-Term Debt	4,018	3,262	1,747	787.35	1,397
Current Portion of Long-Term Debt	1,491	741.62	851.69	292.31	231.52
Current Portion of Leases	24.1	18.65	3.86	3.51	3.76
Current Income Taxes Payable	29.77	17.15	37.77	35.93	3.76
Current Unearned Revenue	18.14	4.33	3.58	2.35	16.68
Other Current Liabilities	480.06	302.48	241.88	65.31	38.22
Total Current Liabilities	7,519	6,061	4,022	2,330	2,275
Long-Term Debt	5,325	5,798	2,924	2,202	530.38
Long-Term Leases	597.69	299.86	37.13	38.26	44.55
Long-Term Unearned Revenue	472.2	475.46	476.52	331.2	170.72
Long-Term Deferred Tax Liabilities	17.81	36.49	39.22	45.46	45.75
Other Long-Term Liabilities	720.12	504.07	487.81	171.13	168.44
Total Liabilities	14,652	13,174	7,987	5,118	3,234
Common Stock	1,348	1,343	1,345	1,281	768.41
Additional Paid-In Capital	6,472	6,427	6,438	5,663	2,625
Retained Earnings	2,079	2,109	2,041	1,592	911.62
Treasury Stock	-350.76	-62.76	-89.12	-100.57	-31.07
Comprehensive Income & Other	313.51	-17.09	58.57	-0.56	-7.28
Total Common Equity	9,862	9,799	9,794	8,435	4,267
Minority Interest	209.44	171.98	165.1	147.74	115.45
Shareholders' Equity	10,071	9,971	9,959	8,583	4,382
Total Liabilities & Equity	24,724	23,146	17,945	13,701	7,617
Total Debt	11,456	10,120	5,564	3,324	2,208
Net Cash (Debt)	-9,428	-6,137	-819.78	1,363	-973.24
Net Cash Per Share	-7.03	-4.57	-0.64	1.14	-0.89
Filing Date Shares Outstanding	1,317	1,343	1,265	1,281	1,151
Total Common Shares Outstanding	1,317	1,343	1,265	1,281	1,151
Working Capital	-1,435	1,481	3,396	4,453	597.32
Book Value Per Share	7.49	7.30	7.74	6.59	3.71
Tangible Book Value	8,790	8,808	9,204	8,094	3,946
Tangible Book Value Per Share	6.67	6.56	7.28	6.32	3.43
Buildings	3,989	2,286	1,675	1,067	687.95
Machinery	9,446	7,374	5,078	3,882	3,604
Construction In Progress	6,115	5,233	3,520	2,087	497.33

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