SHE:300611 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	557.02	433.43	192.93	220.48	189.52	142.75
Trading Asset Securities	0.16	0.23	0.16	0.2	0.29	0.43
Cash & Short-Term Investments	557.18	433.66	193.09	220.68	189.81	143.18
Cash Growth	83.00%	124.59%	-12.50%	16.26%	32.57%	142.42%
Accounts Receivable	1,154	703.39	681.09	628.69	437.5	400.5
Other Receivables	52.09	66.13	7.67	3.64	3.25	8.26
Receivables	1,206	769.52	688.76	632.32	440.75	408.77
Inventory	775.14	354.26	286.55	283.09	260.31	219.39
Prepaid Expenses	-	-	-	-	0.22	7.96
Other Current Assets	181.53	25.68	32.17	14	37.55	34.77
Total Current Assets	2,720	1,583	1,201	1,150	928.64	814.06
Property, Plant & Equipment	1,431	832.78	756.47	820.67	870.56	801.51
Long-Term Investments	33	28.01	19.09	-	-	-
Goodwill	379.17	10.78	10.78	10.78	31.73	59.05
Other Intangible Assets	423.79	167.1	110.56	113.45	116.82	122.58
Long-Term Deferred Tax Assets	47.4	13.03	7.2	4.7	8.7	13.03
Long-Term Deferred Charges	47.71	4.36	3.6	4.4	3.07	0.84
Other Long-Term Assets	25.48	18.36	62.41	7.72	9.62	24.28
Total Assets	5,107	2,658	2,171	2,112	1,969	1,835
Accounts Payable	884.49	395.2	364.25	387.25	318.64	271.71
Accrued Expenses	134.8	59.35	47.94	39.48	36.53	28.12
Short-Term Debt	971.48	496.01	255.98	300.04	201.99	188.01
Current Portion of Long-Term Debt	150.65	168.33	55.97	56.61	28.88	8.01
Current Portion of Leases	-	1.61	1.86	2.08	1.31	0.54
Current Income Taxes Payable	153.63	3.28	3.73	0.76	1.7	0
Current Unearned Revenue	4.62	3.12	2.79	4.44	5.02	3.32
Other Current Liabilities	94.97	35.77	7.17	5.57	10.86	19.34
Total Current Liabilities	2,395	1,163	739.69	796.22	604.94	519.06
Long-Term Debt	1,079	107.18	230.76	205	261.62	388.51
Long-Term Leases	184.78	3.1	2.17	0.42	1.35	0.34
Long-Term Unearned Revenue	38.7	32.83	25.41	24.55	26.23	23.43
Long-Term Deferred Tax Liabilities	16.29	-	0.44	0.83	0.26	0.23
Total Liabilities	3,733	1,306	998.46	1,027	894.39	931.57
Common Stock	211.07	211.07	211.07	211.07	211.07	178.96
Additional Paid-In Capital	574.24	568.62	547.84	547.84	547.37	257.61
Retained Earnings	498.07	480.75	359.82	263.53	229.15	275.66
Treasury Stock	-	-	-30.01	-30.01	-	-13.66
Comprehensive Income & Other	4.1	6	-1.16	-	-	100.86
Total Common Equity	1,287	1,266	1,088	992.44	987.6	799.44
Minority Interest	86.9	85.33	84.65	92.35	87.15	104.33
Shareholders' Equity	1,374	1,352	1,172	1,085	1,075	903.77
Total Liabilities & Equity	5,107	2,658	2,171	2,112	1,969	1,835
Total Debt	2,386	776.23	546.74	564.14	495.15	585.41
Net Cash (Debt)	-1,829	-342.57	-353.65	-343.47	-305.34	-442.24
Net Cash Per Share	-8.61	-1.62	-1.69	-1.60	-1.62	-2.60
Filing Date Shares Outstanding	216.51	211.07	208.1	208.1	211.07	177.46
Total Common Shares Outstanding	216.51	211.07	208.1	208.1	211.07	177.46
Working Capital	325.2	420.46	460.88	353.87	323.7	295
Book Value Per Share	5.95	6.00	5.23	4.77	4.68	4.50
Tangible Book Value	484.52	1,089	966.22	868.21	839.05	617.82
Tangible Book Value Per Share	2.24	5.16	4.64	4.17	3.98	3.48
Buildings	-	475.88	463.86	477.7	470.04	407.97
Machinery	-	1,481	1,397	1,343	1,233	1,148
Construction In Progress	-	88.71	9.55	20.74	81.85	81.6

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