SHE:300738 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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	-	245.99	242.89	435.94	517.59	669.55
Short-Term Investments	-	-	43.62	-	-	-
Trading Asset Securities	-	-	-	-	3.12	-
Cash & Short-Term Investments	554.97	245.99	286.51	435.94	520.71	669.55
Cash Growth	-10.08%	-14.14%	-34.28%	-16.28%	-22.23%	162.20%
Accounts Receivable	-	516.2	636.04	332.28	297.55	316.83
Other Receivables	-	125.98	229.92	58.37	21.49	22.99
Receivables	-	642.18	865.96	390.66	319.04	339.82
Inventory	-	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	-	771.56	494.07	350.15	177.12	107.95
Total Current Assets	-	1,697	1,703	1,183	1,018	1,122
Property, Plant & Equipment	-	11,799	8,113	5,531	4,133	2,782
Long-Term Investments	-	506.28	281.75	257.39	243.71	74.05
Goodwill	-	93.88	156.38	179.56	135.71	135.71
Other Intangible Assets	-	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	-	93.95	70.01	56.4	144.8	89.11
Long-Term Deferred Charges	-	60.34	71.85	83.87	90.11	103.7
Other Long-Term Assets	-	145.83	156.22	190.31	365.37	323.45
Total Assets	-	15,792	11,685	8,589	6,968	5,431

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Accounts Payable	-	1,762	1,016	271.58	308.56	317.65
Accrued Expenses	-	52.4	13.76	23.39	17.89	12.85
Short-Term Debt	-	1,563	1,482	1,213	1,329	918.87
Current Portion of Long-Term Debt	-	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	-	34.88	13.08	0.15	0.22	0.19
Current Unearned Revenue	-	3.44	8.84	75.15	17.05	18.08
Other Current Liabilities	-	1.98	2.09	5.77	1.58	1.86
Total Current Liabilities	-	4,794	3,458	2,177	2,105	1,527
Long-Term Debt	-	4,102	2,716	2,004	1,787	1,845
Long-Term Leases	-	2,689	2,009	1,189	1,124	328.61
Long-Term Unearned Revenue	-	7.07	8.82	10.69	7.29	7.73
Long-Term Deferred Tax Liabilities	-	141.45	118.35	121.93	193.91	164.97
Total Liabilities	-	11,733	8,310	5,504	5,217	3,874

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Common Stock	-	985.18	977.53	953.57	690.98	381.64
Additional Paid-In Capital	-	1,698	1,356	1,164	226.96	493.84
Retained Earnings	-	1,064	943.97	840.15	718.69	570.17
Comprehensive Income & Other	-	54.53	65.13	106.86	107.52	109.56
Total Common Equity	3,722	3,801	3,342	3,065	1,744	1,555
Minority Interest	-	258.19	31.94	19.97	7.05	2.03
Shareholders' Equity	3,787	4,059	3,374	3,085	1,751	1,557
Total Liabilities & Equity	-	15,792	11,685	8,589	6,968	5,431

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Total Debt	11,661	9,729	7,130	4,995	4,671	3,351
Net Cash (Debt)	-11,106	-9,483	-6,843	-4,559	-4,150	-2,681
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-11.45	-9.80	-7.11	-4.92	-5.01	-3.22
Filing Date Shares Outstanding	985.34	985.19	985.14	962.27	953.56	824.35
Total Common Shares Outstanding	985.34	985.18	977.53	953.57	829.18	824.35
Working Capital	-	-3,097	-1,755	-994.01	-1,087	-405.77
Book Value Per Share	3.78	3.86	3.42	3.21	2.10	1.89
Tangible Book Value	2,770	2,696	2,124	1,792	783.69	618.48
Tangible Book Value Per Share	2.81	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