SHE:300850 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	825.98	652.11	536.21	867.91	1,287	942.98
Trading Asset Securities	261.32	285.55	310.7	229.04	648.14	879.34
Cash & Short-Term Investments	1,087	937.66	846.91	1,097	1,935	1,822
Cash Growth	2.60%	10.72%	-22.79%	-43.32%	6.21%	55.97%
Accounts Receivable	3,122	3,520	2,418	1,865	1,914	1,686
Other Receivables	9.99	182.49	130.27	150.39	99.84	25.84
Receivables	3,132	3,702	2,548	2,015	2,014	1,712
Inventory	1,582	1,288	836.61	979.3	763.93	537.2
Other Current Assets	374.07	33.7	139.24	57.59	145.99	9.09
Total Current Assets	6,175	5,962	4,371	4,149	4,860	4,081
Property, Plant & Equipment	4,171	4,165	4,200	3,315	2,091	1,157
Long-Term Investments	155.33	155.99	159.75	525.11	395.8	244.87
Goodwill	50.95	50.95	50.95	50.95	50.95	88.39
Other Intangible Assets	334.11	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	109.17	102.72	160.8	74.49	67.62	36.48
Other Long-Term Assets	980.63	193.79	88.12	656.94	949.03	210.65
Total Assets	11,976	11,679	10,003	9,674	9,180	6,256
Accounts Payable	1,636	1,667	1,255	1,024	1,518	1,254
Accrued Expenses	39.18	45.16	70.62	36.64	166.47	88.91
Short-Term Debt	721.73	884.54	570.49	1,450	1,657	549.37
Current Portion of Long-Term Debt	604	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	50.98	37.54	31.78	15.49	2.07	31.83
Current Unearned Revenue	9.14	12.12	9.13	15.02	17.39	14.59
Other Current Liabilities	10.76	11.2	21.75	38.95	56.29	56.02
Total Current Liabilities	3,072	3,357	2,324	2,655	3,419	2,005
Long-Term Debt	964.14	955.7	2,283	1,731	1,058	-
Long-Term Leases	5.66	5.79	4.7	6.84	8.52	-
Long-Term Unearned Revenue	118.31	72.52	61.37	43.35	23.78	10.01
Long-Term Deferred Tax Liabilities	44.11	47.23	78.46	40.91	34.21	20.99
Other Long-Term Liabilities	424.69	12.95	10.37	10.02	681.39	712.22
Total Liabilities	4,629	4,451	4,762	4,488	5,225	2,748
Common Stock	414.09	414.09	358.74	358.74	329.71	193.95
Additional Paid-In Capital	3,915	3,913	2,695	2,695	1,857	1,993
Retained Earnings	2,802	2,652	1,869	1,841	1,498	1,233
Comprehensive Income & Other	19.39	20.16	188.63	187.46	185.37	15.49
Total Common Equity	7,150	7,000	5,112	5,082	3,870	3,436
Minority Interest	196.45	227.61	129.52	103.25	84.74	72.41
Shareholders' Equity	7,347	7,227	5,241	5,186	3,955	3,508
Total Liabilities & Equity	11,976	11,679	10,003	9,674	9,180	6,256
Total Debt	2,296	2,545	3,224	3,264	2,725	559.98
Net Cash (Debt)	-1,208	-1,608	-2,377	-2,167	-790.02	1,262
Net Cash Growth	-	-	-	-	-	24.71%
Net Cash Per Share	-2.89	-3.99	-6.54	-6.47	-2.40	4.03
Filing Date Shares Outstanding	415.52	414.09	358.74	358.74	329.71	329.71
Total Common Shares Outstanding	415.52	414.09	358.74	358.74	329.71	329.71
Working Capital	3,103	2,604	2,047	1,494	1,440	2,076
Book Value Per Share	17.21	16.90	14.25	14.17	11.74	10.42
Tangible Book Value	6,765	6,615	4,714	4,672	3,457	3,193
Tangible Book Value Per Share	16.28	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

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