SHE:300842 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	2,786	2,034	1,835	866	236.32
Trading Asset Securities	62.13	0.63	4.81	47.44	116.76
Cash & Short-Term Investments	2,848	2,034	1,840	913.44	353.08
Cash Growth	39.99%	10.57%	101.42%	158.71%	5.52%
Accounts Receivable	5,168	4,533	3,735	1,633	1,263
Other Receivables	11.49	2.5	7.43	0.83	0.53
Receivables	5,180	4,535	3,742	1,634	1,264
Inventory	891.48	442.84	602.19	362.44	368.1
Prepaid Expenses	23.05	7.9	11.32	4.68	-
Other Current Assets	213.89	168.17	70.74	113.54	76.71
Total Current Assets	9,156	7,188	6,266	3,028	2,062
Property, Plant & Equipment	700.43	430.37	272.87	177.24	134.32
Long-Term Investments	-	50.03	94.42	35	35
Goodwill	639.31	33.23	33.23	33.23	-
Other Intangible Assets	492.24	35.18	17.22	17.74	10.36
Long-Term Deferred Tax Assets	191.76	67.9	38.88	26.39	13.66
Long-Term Deferred Charges	13.13	6.96	3.19	0.32	-
Other Long-Term Assets	6.51	19.73	58.56	36.99	10.3
Total Assets	11,199	7,832	6,785	3,355	2,265
Accounts Payable	3,633	2,612	1,556	781.02	163.37
Accrued Expenses	144.26	105.77	54.48	39.66	27.17
Short-Term Debt	3,734	2,681	3,471	1,560	1,118
Current Portion of Leases	68.18	256.34	99.76	1.22	-
Current Income Taxes Payable	53.04	37.6	23.53	-	1.67
Current Unearned Revenue	70.11	1.58	5.92	3.14	0.89
Other Current Liabilities	986.72	364.5	156.31	1.55	21.84
Total Current Liabilities	8,689	6,059	5,367	2,387	1,333
Long-Term Debt	400	-	-	-	-
Long-Term Leases	28.07	18.96	47.18	3.14	-
Long-Term Unearned Revenue	30.87	22.08	21.53	16	-
Long-Term Deferred Tax Liabilities	50.85	1.12	7.29	0.58	-
Other Long-Term Liabilities	22.72	53.23	-	3.54	0.6
Total Liabilities	9,222	6,154	5,443	2,410	1,333
Common Stock	145.28	140.7	100.5	100	100
Additional Paid-In Capital	797.17	578.41	547.83	529.78	526
Retained Earnings	636.29	954.87	675.31	289.67	306.91
Comprehensive Income & Other	-2.83	-0.14	-0.28	-0.34	-0.98
Total Common Equity	1,576	1,674	1,323	919.1	931.92
Minority Interest	401.5	3.71	18.33	26.31	-
Shareholders' Equity	1,977	1,678	1,342	945.41	931.92
Total Liabilities & Equity	11,199	7,832	6,785	3,355	2,265
Total Debt	4,230	2,957	3,618	1,564	1,118
Net Cash (Debt)	-1,383	-922.33	-1,778	-650.93	-764.79
Net Cash Per Share	-9.60	-6.41	-12.63	-4.58	-5.47
Filing Date Shares Outstanding	145.28	140.7	140.7	140	140
Total Common Shares Outstanding	145.28	140.7	140.7	140	140
Working Capital	466.52	1,130	899.31	641.76	728.88
Book Value Per Share	10.85	11.90	9.41	6.57	6.66
Tangible Book Value	444.35	1,605	1,273	868.13	921.56
Tangible Book Value Per Share	3.06	11.41	9.05	6.20	6.58
Buildings	384.51	188.46	188.81	40.72	61.41
Machinery	500.86	205.22	133.8	94.79	72.85
Construction In Progress	19.7	118.43	4.62	79.05	29.42

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