SHE:300575 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	607.86	593.98	466.89	427.77	481.61	402.27
Trading Asset Securities	35.64	35.21	29.75	42.28	46.09	46.76
Cash & Short-Term Investments	643.49	629.2	496.63	470.05	527.7	449.03
Cash Growth	57.92%	26.69%	5.66%	-10.93%	17.52%	-42.32%
Accounts Receivable	853.43	903.11	677.56	348.94	600.95	457.28
Other Receivables	0.94	1.06	0.8	1.2	12.22	0.76
Receivables	854.37	904.17	678.36	350.14	613.17	458.04
Inventory	734.12	575.82	522.29	429.61	484.07	360.56
Other Current Assets	125.68	118.73	109.4	102.69	177.17	169.54
Total Current Assets	2,358	2,228	1,807	1,352	1,802	1,437
Property, Plant & Equipment	2,258	2,306	2,369	2,284	1,983	1,475
Long-Term Investments	11.91	11.96	12.13	-	74.36	47.45
Goodwill	29.88	29.88	29.88	29.88	28.61	-
Other Intangible Assets	142.51	143.98	146.99	150.93	109.63	91.69
Long-Term Deferred Tax Assets	23.62	24.02	31.34	15.56	19.32	11.2
Long-Term Deferred Charges	15.89	14.29	11.14	15.88	10.1	13.09
Other Long-Term Assets	6.66	6.06	5.02	7.51	13.38	78.69
Total Assets	4,846	4,764	4,412	3,856	4,040	3,155
Accounts Payable	1,020	804.71	632.38	454.34	878.94	666.7
Accrued Expenses	30.71	53.79	58.21	55.7	68.27	53.84
Short-Term Debt	649.65	783.95	569.88	326.04	143.3	218.37
Current Portion of Long-Term Debt	124.59	170.36	111.32	143.01	37.02	19.5
Current Income Taxes Payable	5.7	5.35	3.39	2.97	23.99	14.25
Current Unearned Revenue	68.98	34.44	30.64	11.13	6.21	34.81
Other Current Liabilities	182.32	178.06	139.88	51.46	81.42	61.55
Total Current Liabilities	2,082	2,031	1,546	1,045	1,239	1,069
Long-Term Debt	666.56	654.36	597.1	497.03	705.13	394.7
Long-Term Unearned Revenue	56.14	48.6	43.76	45.3	33.4	25.3
Long-Term Deferred Tax Liabilities	1.56	1.63	1.95	2.29	6.02	2.74
Other Long-Term Liabilities	1.49	1.9	-	-	-	-
Total Liabilities	2,808	2,737	2,189	1,589	1,984	1,492
Common Stock	476.99	476.99	464.76	464.76	310.06	207.02
Additional Paid-In Capital	251.01	242.8	198.8	198.8	357.16	453.61
Retained Earnings	1,241	1,240	1,454	1,498	1,409	1,051
Treasury Stock	-37.08	-37.08	-	-	-29.97	-55.18
Comprehensive Income & Other	8.79	7.49	4.25	2.77	-	-
Total Common Equity	1,941	1,931	2,122	2,165	2,046	1,656
Minority Interest	97.3	96.24	101.56	102.44	10.22	6.46
Shareholders' Equity	2,038	2,027	2,224	2,267	2,057	1,663
Total Liabilities & Equity	4,846	4,764	4,412	3,856	4,040	3,155
Total Debt	1,441	1,609	1,278	966.08	885.45	632.57
Net Cash (Debt)	-797.31	-979.47	-781.66	-496.04	-357.75	-183.54
Net Cash Per Share	-1.72	-2.11	-2.00	-1.06	-0.77	-0.40
Filing Date Shares Outstanding	480.61	427.98	464.76	464.76	465.09	465.79
Total Common Shares Outstanding	480.61	427.98	464.76	464.76	465.09	465.79
Working Capital	275.86	197.23	261	307.82	562.98	368.14
Book Value Per Share	4.04	4.51	4.57	4.66	4.40	3.56
Tangible Book Value	1,768	1,757	1,945	1,984	1,908	1,565
Tangible Book Value Per Share	3.68	4.10	4.19	4.27	4.10	3.36
Buildings	-	-	927.66	846	668.36	410.92
Machinery	-	-	2,175	1,811	1,431	1,033
Construction In Progress	-	-	260.67	395.98	524.99	517.7

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