SHE:300666 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	1,311	1,155	958.95	1,315	482.1
Cash & Short-Term Investments	1,311	1,155	958.95	1,315	482.1
Cash Growth	13.47%	20.45%	-27.10%	172.85%	18.68%
Accounts Receivable	1,339	1,022	680.12	463.26	364.55
Other Receivables	48.83	10.54	34.2	25.01	20.01
Receivables	1,387	1,032	714.31	488.27	384.56
Inventory	1,541	1,451	1,090	1,060	588.67
Prepaid Expenses	1.63	-	-	-	-
Other Current Assets	294.65	242.76	105.39	61.11	32.97
Total Current Assets	4,536	3,881	2,869	2,925	1,488
Property, Plant & Equipment	4,394	3,383	2,073	1,227	852.24
Long-Term Investments	710.62	642.84	572.4	345.4	246.62
Goodwill	-	-	-	-	3.69
Other Intangible Assets	443.24	434.03	436.9	393.06	130.56
Long-Term Accounts Receivable	0.15	0.32	0.46	-	-
Long-Term Deferred Tax Assets	23.17	27.43	25.05	28.76	52.31
Long-Term Deferred Charges	139.83	154.32	128.39	58.54	51.74
Other Long-Term Assets	336.39	167.02	166.68	120.83	75.99
Total Assets	10,583	8,689	6,272	5,098	2,901
Accounts Payable	1,674	1,313	835.98	422.55	283.52
Accrued Expenses	161.96	101.76	85.22	63.49	46.57
Short-Term Debt	514.88	398.23	185.17	156.65	376.44
Current Portion of Long-Term Debt	1,059	814.85	67.7	21.02	109.13
Current Portion of Leases	73.19	33.74	23.58	13.47	7.53
Current Income Taxes Payable	51.79	48.98	21.18	18.78	11.11
Current Unearned Revenue	14.06	8.7	8.34	1.29	1.41
Other Current Liabilities	12.2	22.31	50.19	108.27	5.22
Total Current Liabilities	3,562	2,741	1,277	805.52	840.94
Long-Term Debt	1,898	1,388	749.98	209.18	464.1
Long-Term Leases	180.52	43.21	34.5	27.54	23.28
Long-Term Unearned Revenue	115.18	81.87	77.78	69.67	66.92
Long-Term Deferred Tax Liabilities	1.83	7.04	2.22	0.39	40.41
Total Liabilities	5,757	4,262	2,142	1,112	1,436
Common Stock	265.32	265.34	265.44	265.57	227.62
Additional Paid-In Capital	3,081	3,045	3,062	3,128	616.22
Retained Earnings	1,674	1,255	906.86	706.09	467.18
Treasury Stock	-52	-69.13	-65.09	-95.7	-
Comprehensive Income & Other	0.73	5.69	5.34	3.11	145.7
Total Common Equity	4,969	4,502	4,174	4,007	1,457
Minority Interest	-142.99	-73.97	-44.51	-20.68	9.08
Shareholders' Equity	4,826	4,428	4,130	3,986	1,466
Total Liabilities & Equity	10,583	8,689	6,272	5,098	2,901
Total Debt	3,725	2,678	1,061	427.86	980.49
Net Cash (Debt)	-2,415	-1,523	-101.98	887.55	-498.39
Net Cash Per Share	-9.14	-5.74	-0.38	3.73	-2.20
Filing Date Shares Outstanding	264.3	264.32	270.79	265.57	227.62
Total Common Shares Outstanding	264.3	264.32	270.79	265.57	227.62
Working Capital	974.11	1,140	1,592	2,119	647.35
Book Value Per Share	18.80	17.03	15.42	15.09	6.40
Tangible Book Value	4,526	4,068	3,737	3,614	1,322
Tangible Book Value Per Share	17.12	15.39	13.80	13.61	5.81
Buildings	1,588	556.88	589.12	454.55	295.41
Machinery	2,023	1,296	919.01	752.51	624.8
Construction In Progress	1,429	2,006	950.63	335.28	195.99

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