SHE:300738 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	708.12	245.99	242.89	435.94	517.59	669.55
Short-Term Investments	-	-	43.62	-	-	-
Trading Asset Securities	-	-	-	-	3.12	-
Cash & Short-Term Investments	708.12	245.99	286.51	435.94	520.71	669.55
Cash Growth	-12.00%	-14.14%	-34.28%	-16.28%	-22.23%	162.20%
Accounts Receivable	544.75	516.2	636.04	332.28	297.55	316.83
Other Receivables	117.28	125.98	229.92	58.37	21.49	22.99
Receivables	662.03	642.18	865.96	390.66	319.04	339.82
Inventory	43.39	37.03	55.39	5.78	0.15	2.87
Prepaid Expenses	-	0.21	0.62	0.6	0.59	1.51
Other Current Assets	816.79	771.56	494.07	350.15	177.12	107.95
Total Current Assets	2,230	1,697	1,703	1,183	1,018	1,122
Property, Plant & Equipment	11,923	11,799	8,113	5,531	4,133	2,782
Long-Term Investments	503.31	506.28	281.75	257.39	243.71	74.05
Goodwill	93.88	93.88	156.38	179.56	135.71	135.71
Other Intangible Assets	1,007	1,011	1,062	1,094	824.75	801.02
Long-Term Accounts Receivable	-	384.33	70.58	13.21	13.32	-
Long-Term Deferred Tax Assets	96.78	93.95	70.01	56.4	144.8	89.11
Long-Term Deferred Charges	57.55	60.34	71.85	83.87	90.11	103.7
Other Long-Term Assets	534.95	145.83	156.22	190.31	365.37	323.45
Total Assets	16,447	15,792	11,685	8,589	6,968	5,431
Accounts Payable	1,389	1,762	1,016	271.58	308.56	317.65
Accrued Expenses	16.31	52.4	13.76	23.39	17.89	12.85
Short-Term Debt	1,678	1,563	1,482	1,213	1,329	918.87
Current Portion of Long-Term Debt	1,452	515.45	409.33	329.95	230.04	227.19
Current Portion of Leases	-	860.63	512.99	258.13	200.17	30.79
Current Income Taxes Payable	42.55	34.88	13.08	0.15	0.22	0.19
Current Unearned Revenue	17.03	3.44	8.84	75.15	17.05	18.08
Other Current Liabilities	2.59	1.98	2.09	5.77	1.58	1.86
Total Current Liabilities	4,597	4,794	3,458	2,177	2,105	1,527
Long-Term Debt	4,586	4,102	2,716	2,004	1,787	1,845
Long-Term Leases	609.92	2,689	2,009	1,189	1,124	328.61
Long-Term Unearned Revenue	6.64	7.07	8.82	10.69	7.29	7.73
Long-Term Deferred Tax Liabilities	161.21	141.45	118.35	121.93	193.91	164.97
Total Liabilities	12,292	11,733	8,310	5,504	5,217	3,874
Common Stock	985.18	985.18	977.53	953.57	690.98	381.64
Additional Paid-In Capital	1,698	1,698	1,356	1,164	226.96	493.84
Retained Earnings	1,156	1,064	943.97	840.15	718.69	570.17
Comprehensive Income & Other	54.27	54.53	65.13	106.86	107.52	109.56
Total Common Equity	3,894	3,801	3,342	3,065	1,744	1,555
Minority Interest	261.33	258.19	31.94	19.97	7.05	2.03
Shareholders' Equity	4,155	4,059	3,374	3,085	1,751	1,557
Total Liabilities & Equity	16,447	15,792	11,685	8,589	6,968	5,431
Total Debt	8,325	9,729	7,130	4,995	4,671	3,351
Net Cash (Debt)	-7,617	-9,483	-6,843	-4,559	-4,150	-2,681
Net Cash Per Share	-7.85	-9.80	-7.11	-4.92	-5.01	-3.22
Filing Date Shares Outstanding	985.41	985.19	985.14	962.27	953.56	824.35
Total Common Shares Outstanding	985.41	985.18	977.53	953.57	829.18	824.35
Working Capital	-2,367	-3,097	-1,755	-994.01	-1,087	-405.77
Book Value Per Share	3.95	3.86	3.42	3.21	2.10	1.89
Tangible Book Value	2,793	2,696	2,124	1,792	783.69	618.48
Tangible Book Value Per Share	2.83	2.74	2.17	1.88	0.95	0.75
Buildings	-	4,045	3,099	1,960	64.5	64.5
Machinery	-	6,778	4,415	3,127	1,745	1,352
Construction In Progress	-	2,235	1,543	992.2	2,499	1,333

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