SHE:300857 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	2,908	2,379	1,527	1,817	551.63	472.46
Trading Asset Securities	-	-	50.02	0.76	-	0.19
Cash & Short-Term Investments	2,908	2,379	1,577	1,818	551.63	472.65
Cash Growth	17.91%	50.82%	-13.21%	229.48%	16.71%	-16.30%
Accounts Receivable	3,922	2,743	2,007	929.64	703.42	673.61
Other Receivables	190.03	5.41	7.38	23.19	0.87	42.15
Receivables	4,112	2,748	2,014	952.83	704.29	715.75
Inventory	4,261	2,877	1,890	1,315	830.18	640.88
Other Current Assets	3,235	2,056	339.02	281.41	164.82	133.99
Total Current Assets	14,516	10,060	5,821	4,367	2,251	1,963
Property, Plant & Equipment	17,314	12,660	747.29	465.74	412.61	401.86
Long-Term Investments	89.15	89.71	90.21	103.31	74.1	-
Goodwill	-	-	-	-	-	3.46
Other Intangible Assets	43.5	44.88	46.74	26.99	23.36	21.7
Long-Term Accounts Receivable	0.99	5.82	63.67	47.61	-	-
Long-Term Deferred Tax Assets	240.37	161.86	117.53	38.37	33.57	26.11
Long-Term Deferred Charges	18.28	20.99	24.72	18.11	12.6	15.75
Other Long-Term Assets	4,677	754.47	393.24	38.89	7.2	41.04
Total Assets	36,900	23,798	7,305	5,106	2,814	2,473
Accounts Payable	3,083	2,128	1,564	1,543	764.38	729.11
Accrued Expenses	17.22	41.64	33.09	34.58	25.4	18.57
Short-Term Debt	6,812	5,173	1,302	858.75	410.2	320.83
Current Portion of Long-Term Debt	5,268	2,479	209.4	90.48	60.62	-
Current Portion of Leases	-	790.35	84.64	19.99	12.72	10.28
Current Income Taxes Payable	212.69	107.37	89.54	10.75	0	5.4
Current Unearned Revenue	617.02	200.22	20.99	13.93	7.49	5.79
Other Current Liabilities	114.27	15.74	42.23	3.31	2.31	9.26
Total Current Liabilities	16,124	10,936	3,345	2,575	1,283	1,099
Long-Term Debt	7,626	7,483	409.83	19.68	11.19	-
Long-Term Leases	7,894	918.63	247.11	25.43	26.29	33.84
Long-Term Unearned Revenue	26.51	28.67	35.04	42.57	51.1	44.48
Long-Term Deferred Tax Liabilities	6.91	8.45	13.13	12.74	10.42	0.04
Other Long-Term Liabilities	15.88	16.71	15.45	-	-	-
Total Liabilities	31,693	19,391	4,066	2,675	1,382	1,178
Common Stock	346.12	346.12	245.26	243.8	206.56	206.56
Additional Paid-In Capital	1,507	1,442	1,454	1,336	647.17	639.93
Retained Earnings	3,346	2,596	1,503	838.51	565.86	449.41
Comprehensive Income & Other	-7.24	7.36	11.21	6.85	5.73	-2.38
Total Common Equity	5,192	4,391	3,213	2,425	1,425	1,294
Minority Interest	15.4	16.12	25.39	5.81	6.96	2.08
Shareholders' Equity	5,207	4,407	3,239	2,431	1,432	1,296
Total Liabilities & Equity	36,900	23,798	7,305	5,106	2,814	2,473
Total Debt	27,599	16,845	2,253	1,014	521.01	364.95
Net Cash (Debt)	-24,691	-14,466	-675.54	803.21	30.62	107.71
Net Cash Growth	-	-	-	2523.18%	-71.57%	-60.88%
Net Cash Per Share	-48.66	-29.99	-1.41	1.75	0.08	0.27
Filing Date Shares Outstanding	346.12	484.57	480.7	477.85	477.85	404.85
Total Common Shares Outstanding	346.12	484.57	480.7	477.85	404.85	404.85
Working Capital	-1,607	-875.51	2,476	1,792	967.8	864.03
Book Value Per Share	15.00	9.06	6.68	5.08	3.52	3.20
Tangible Book Value	5,148	4,346	3,166	2,398	1,402	1,268
Tangible Book Value Per Share	14.87	8.97	6.59	5.02	3.46	3.13
Land	-	14.02	13.18	8.46	-	-
Buildings	-	298.53	136.19	135.92	133.15	133.15
Machinery	-	9,836	702.03	455.97	395.04	338.44
Construction In Progress	-	3,347	159.68	43.74	10.59	5.95

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