SHE:300893 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	101.39	239.74	108.52	108.11	104.61
Trading Asset Securities	-	0.41	0.51	0.73	61.57
Cash & Short-Term Investments	101.39	240.14	109.03	108.85	166.18
Cash Growth	-57.78%	120.25%	0.17%	-34.50%	-18.37%
Accounts Receivable	1,208	1,085	690.38	498.05	331.35
Other Receivables	2.19	2.42	1.55	5.18	1.85
Receivables	1,210	1,087	691.93	503.24	333.2
Inventory	639.47	334.73	248.69	237.88	148.12
Other Current Assets	140.15	72.29	44.93	30.53	23.81
Total Current Assets	2,091	1,734	1,095	880.49	671.32
Property, Plant & Equipment	1,591	1,093	721.67	545.72	311.52
Other Intangible Assets	268.56	235.82	94.83	75.31	67.94
Long-Term Deferred Tax Assets	0.47	2.25	-	5.42	4.1
Long-Term Deferred Charges	100.96	31.69	22.45	18.6	11.09
Other Long-Term Assets	35.16	40.95	48.02	20.93	20.41
Total Assets	4,087	3,137	1,982	1,546	1,086
Accounts Payable	824.12	610.41	369.63	298.95	160.06
Accrued Expenses	52.26	34.45	32.98	23.64	30.03
Short-Term Debt	694.96	275.18	74.05	210.21	102.18
Current Portion of Long-Term Debt	128.09	120.07	40.13	-	-
Current Portion of Leases	4.97	2.09	1.08	-	0.94
Current Income Taxes Payable	25.96	19.33	1.58	-	1.28
Current Unearned Revenue	8.87	5.83	1.32	1.46	1.49
Other Current Liabilities	11.18	9.55	3.39	3.17	0.68
Total Current Liabilities	1,750	1,077	524.16	537.44	296.66
Long-Term Debt	252.97	682.01	352.96	102.1	-
Long-Term Leases	9.17	6.02	4.86	-	0.19
Long-Term Unearned Revenue	14.97	8.08	-	-	-
Long-Term Deferred Tax Liabilities	19.94	22.29	31.44	30.67	13.92
Other Long-Term Liabilities	-	-	3.27	2.76	3.32
Total Liabilities	2,047	1,795	916.69	672.98	314.09
Common Stock	473	226.33	225.6	225	150
Additional Paid-In Capital	482.72	306.49	292.75	277.28	339.12
Retained Earnings	1,083	761.76	546.49	371.21	283.17
Comprehensive Income & Other	0.9	47.53	0.01	0.01	0.01
Shareholders' Equity	2,039	1,342	1,065	873.5	772.3
Total Liabilities & Equity	4,087	3,137	1,982	1,546	1,086
Total Debt	1,090	1,085	473.08	312.32	103.32
Net Cash (Debt)	-988.77	-845.22	-364.05	-203.47	62.86
Net Cash Growth	-	-	-	-	-69.12%
Net Cash Per Share	-2.14	-1.89	-0.82	-0.46	0.14
Filing Date Shares Outstanding	473	443.61	442.18	441	441
Total Common Shares Outstanding	473	443.61	442.18	441	441
Working Capital	340.52	657.19	570.42	343.05	374.66
Book Value Per Share	4.31	3.03	2.41	1.98	1.75
Tangible Book Value	1,771	1,106	970.03	798.19	704.36
Tangible Book Value Per Share	3.74	2.49	2.19	1.81	1.60
Buildings	609.51	390.39	277.15	205.53	114.18
Machinery	871.61	574.21	498.96	354.36	196.8
Construction In Progress	426.26	362.21	120.54	114.66	98.19

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