SHE:300850 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	652.11	536.21	867.91	1,287	942.98
Trading Asset Securities	285.55	310.7	229.04	648.14	879.34
Cash & Short-Term Investments	937.66	846.91	1,097	1,935	1,822
Cash Growth	10.72%	-22.79%	-43.32%	6.21%	55.97%
Accounts Receivable	3,520	2,418	1,865	1,914	1,686
Other Receivables	182.49	130.27	150.39	99.84	25.84
Receivables	3,702	2,548	2,015	2,014	1,712
Inventory	1,288	836.61	979.3	763.93	537.2
Other Current Assets	33.7	139.24	57.59	145.99	9.09
Total Current Assets	5,962	4,371	4,149	4,860	4,081
Property, Plant & Equipment	4,165	4,200	3,315	2,091	1,157
Long-Term Investments	155.99	159.75	525.11	395.8	244.87
Goodwill	50.95	50.95	50.95	50.95	88.39
Other Intangible Assets	334.12	347.18	359.64	362.1	154.78
Long-Term Accounts Receivable	714.38	625.45	541.8	404.25	283.3
Long-Term Deferred Tax Assets	102.72	160.8	74.49	67.62	36.48
Other Long-Term Assets	193.79	88.12	656.94	949.03	210.65
Total Assets	11,679	10,003	9,674	9,180	6,256
Accounts Payable	1,667	1,255	1,024	1,518	1,254
Accrued Expenses	45.16	70.62	36.64	166.47	88.91
Short-Term Debt	884.54	570.49	1,450	1,657	549.37
Current Portion of Long-Term Debt	697.96	362.94	72.98	0.1	-
Current Portion of Leases	1.49	2.03	1.89	1.69	10.61
Current Income Taxes Payable	37.54	31.78	15.49	2.07	31.83
Current Unearned Revenue	12.12	9.13	15.02	17.39	14.59
Other Current Liabilities	11.2	21.75	38.95	56.29	56.02
Total Current Liabilities	3,357	2,324	2,655	3,419	2,005
Long-Term Debt	955.7	2,283	1,731	1,058	-
Long-Term Leases	5.79	4.7	6.84	8.52	-
Long-Term Unearned Revenue	72.52	61.37	43.35	23.78	10.01
Long-Term Deferred Tax Liabilities	47.23	78.46	40.91	34.21	20.99
Other Long-Term Liabilities	12.95	10.37	10.02	681.39	712.22
Total Liabilities	4,451	4,762	4,488	5,225	2,748
Common Stock	414.09	358.74	358.74	329.71	193.95
Additional Paid-In Capital	3,913	2,695	2,695	1,857	1,993
Retained Earnings	2,652	1,869	1,841	1,498	1,233
Comprehensive Income & Other	20.16	188.63	187.46	185.37	15.49
Total Common Equity	7,000	5,112	5,082	3,870	3,436
Minority Interest	227.61	129.52	103.25	84.74	72.41
Shareholders' Equity	7,227	5,241	5,186	3,955	3,508
Total Liabilities & Equity	11,679	10,003	9,674	9,180	6,256
Total Debt	2,545	3,224	3,264	2,725	559.98
Net Cash (Debt)	-1,608	-2,377	-2,167	-790.02	1,262
Net Cash Growth	-	-	-	-	24.71%
Net Cash Per Share	-3.99	-6.54	-6.47	-2.40	4.03
Filing Date Shares Outstanding	414.09	358.74	358.74	329.71	329.71
Total Common Shares Outstanding	414.09	358.74	358.74	329.71	329.71
Working Capital	2,604	2,047	1,494	1,440	2,076
Book Value Per Share	16.90	14.25	14.17	11.74	10.42
Tangible Book Value	6,615	4,714	4,672	3,457	3,193
Tangible Book Value Per Share	15.97	13.14	13.02	10.49	9.68
Buildings	829.48	825.89	579.08	335.28	191.85
Machinery	4,213	3,777	2,500	1,599	875.92
Construction In Progress	234.13	363.31	731.99	517.32	368.76

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.