SHE:300604 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	1,657	2,051	1,017	836.45	636.84	818.65
Trading Asset Securities	-	-	-	-	150.23	-
Cash & Short-Term Investments	1,657	2,051	1,017	836.45	787.07	818.65
Cash Growth	27.96%	101.73%	21.54%	6.28%	-3.86%	93.27%
Accounts Receivable	2,270	2,123	1,556	1,109	1,006	736.74
Other Receivables	206.05	437.52	256.41	158.32	42.35	67.39
Receivables	2,476	2,561	1,812	1,268	1,048	804.14
Inventory	3,942	3,557	2,234	2,159	1,615	887.29
Prepaid Expenses	-	4.16	-	-	-	-
Other Current Assets	412.12	27.6	31.53	20.03	13.41	22.6
Total Current Assets	8,487	8,200	5,094	4,283	3,463	2,533
Property, Plant & Equipment	1,326	1,293	1,101	715.89	465.02	191.8
Long-Term Investments	97.84	137.87	189.08	177.28	155.47	132.98
Goodwill	407.51	407.51	330.09	283.05	289.78	255.45
Other Intangible Assets	420.31	430.67	310.64	261.24	205.55	126.86
Long-Term Accounts Receivable	-	0.43	-	-	-	-
Long-Term Deferred Tax Assets	143.77	132.07	98.76	83.86	58.27	39.4
Long-Term Deferred Charges	368.19	311.57	105.47	96.78	53.82	30.28
Other Long-Term Assets	41.1	3.03	28.07	-	-	9.26
Total Assets	11,291	10,917	7,257	5,902	4,691	3,319
Accounts Payable	2,556	2,540	1,714	1,060	1,171	692.77
Accrued Expenses	146.52	346.34	265.11	199.1	215.78	127.8
Short-Term Debt	671.61	788.84	488.15	720.47	88.3	50.06
Current Portion of Long-Term Debt	420.83	379.78	273.95	0.89	60.15	-
Current Portion of Leases	-	17.15	19.11	20.36	26.69	10.09
Current Income Taxes Payable	50.23	8.81	9.52	4.37	27.64	10.75
Current Unearned Revenue	78.47	100.32	32.42	10.47	4.81	10.81
Other Current Liabilities	186.18	133.79	33.81	6.38	38.91	17.61
Total Current Liabilities	4,110	4,316	2,836	2,022	1,634	919.89
Long-Term Debt	1,297	1,079	687.67	322.7	90.71	-
Long-Term Leases	14.8	16.44	14.38	25.1	34.03	10.85
Long-Term Unearned Revenue	152.69	155.22	64.67	53.28	57.42	45.68
Long-Term Deferred Tax Liabilities	5.26	4.58	8.24	6.71	18.39	15.19
Other Long-Term Liabilities	-	-	-	1.87	4.37	3.92
Total Liabilities	5,579	5,571	3,611	2,431	1,839	995.53
Common Stock	632.78	632.76	625.14	621.59	602.75	602.75
Additional Paid-In Capital	1,461	1,440	1,347	1,344	760.9	700.62
Retained Earnings	2,863	2,510	1,190	794.34	806.4	405.75
Treasury Stock	-	-	-	-0.21	-0.21	-4.38
Comprehensive Income & Other	136.93	151.31	131.8	119.24	107.16	63.11
Total Common Equity	5,093	4,734	3,294	2,879	2,277	1,768
Minority Interest	618.35	611.3	353.06	591.7	575.68	555.33
Shareholders' Equity	5,712	5,345	3,647	3,470	2,853	2,323
Total Liabilities & Equity	11,291	10,917	7,257	5,902	4,691	3,319
Total Debt	2,404	2,282	1,483	1,090	299.88	71
Net Cash (Debt)	-747.61	-230.7	-466.62	-253.06	487.18	747.65
Net Cash Growth	-	-	-	-	-34.84%	167.10%
Net Cash Per Share	-1.17	-0.36	-0.73	-0.39	0.79	1.23
Filing Date Shares Outstanding	632.78	632.72	625.14	621.59	602.75	602.75
Total Common Shares Outstanding	632.78	632.72	625.14	621.59	602.75	602.75
Working Capital	4,377	3,885	2,259	2,262	1,830	1,613
Book Value Per Share	8.05	7.48	5.27	4.63	3.78	2.93
Tangible Book Value	4,265	3,896	2,653	2,334	1,782	1,386
Tangible Book Value Per Share	6.74	6.16	4.24	3.76	2.96	2.30
Buildings	-	1,087	404.84	294.19	140.56	140.56
Machinery	-	397.75	302.7	185.56	136.4	85.01
Construction In Progress	-	29.99	538.92	315.89	207.71	7.55

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