SHE:300900 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

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	241.72	212.28	419.02	381.4	157.56	363.39
Cash & Short-Term Investments	241.72	212.28	419.02	381.4	157.56	363.39
Cash Growth	34.69%	-49.34%	9.86%	142.06%	-56.64%	-45.60%
Accounts Receivable	865.96	774.24	826.93	740.89	681.42	438.16
Other Receivables	83.57	45.54	3.4	4.9	2.53	6.23
Receivables	949.53	819.78	830.33	745.79	683.95	444.39
Inventory	940.33	819.32	697.77	452.58	316.04	168.98
Prepaid Expenses	-	-	-	-	0.73	0.34
Other Current Assets	123.72	103	108.29	74.99	61.09	41.33
Total Current Assets	2,255	1,954	2,055	1,655	1,219	1,018
Property, Plant & Equipment	2,277	2,334	2,389	2,108	1,328	869.78
Long-Term Investments	72.35	82.88	45.36	51.56	41.64	38.3
Goodwill	295.52	295.52	295.52	295.52	265.97	265.97
Other Intangible Assets	97.79	98.18	84.78	85.06	42.89	40.56
Long-Term Accounts Receivable	15.55	15.36	-	-	-	-
Long-Term Deferred Tax Assets	61.51	56.33	34.48	33.43	20.25	7.96
Long-Term Deferred Charges	41.33	39.15	28.46	24.71	25.98	11.11
Other Long-Term Assets	74.1	25.14	47.71	103.63	182.7	77.25
Total Assets	5,190	4,901	4,981	4,357	3,126	2,329

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
Accounts Payable	509.47	500.05	486.82	319.75	218.25	76.63
Accrued Expenses	17.99	35.62	40.34	29.29	29.04	12.14
Short-Term Debt	261.29	196.77	228.54	85.19	140.12	75.86
Current Portion of Long-Term Debt	725.16	692.37	419.19	251.1	55.14	-
Current Portion of Leases	-	123.97	67.72	43.12	44.5	17.96
Current Income Taxes Payable	12.96	7.26	11.74	4.64	8.05	2.94
Current Unearned Revenue	30.5	12.67	7.74	8.93	15.65	13.92
Other Current Liabilities	71.94	47.15	191.99	189.85	40.88	15.82
Total Current Liabilities	1,629	1,616	1,454	931.87	551.63	215.27
Long-Term Debt	995.25	1,528	1,709	1,593	598.01	373.43
Long-Term Leases	274.15	174.85	108.92	52.08	87.26	30.1
Long-Term Unearned Revenue	102.55	73.6	75.51	28.99	15.47	13.43
Long-Term Deferred Tax Liabilities	9.25	9.24	10.6	44.6	28.08	24.59
Total Liabilities	3,011	3,401	3,358	2,650	1,280	656.82

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
Common Stock	327.72	297.18	296.64	211.76	211.47	210.24
Additional Paid-In Capital	1,405	681.73	726.12	754.18	983.25	1,054
Retained Earnings	278.43	267.9	370.12	482.64	420.25	270.64
Treasury Stock	-75.5	-75.5	-43.27	-14.84	-21.21	-
Comprehensive Income & Other	-	81.56	81.65	81.71	-	-
Total Common Equity	1,936	1,253	1,431	1,515	1,594	1,535
Minority Interest	243.5	246.95	191.45	191.33	252.12	137.95
Shareholders' Equity	2,180	1,500	1,623	1,707	1,846	1,673
Total Liabilities & Equity	5,190	4,901	4,981	4,357	3,126	2,329

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
Total Debt	2,256	2,716	2,534	2,024	925.03	497.35
Net Cash (Debt)	-2,014	-2,503	-2,115	-1,643	-767.47	-133.97
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-7.16	-8.57	-7.32	-5.50	-2.59	-0.45
Filing Date Shares Outstanding	323.88	323.88	292.8	295.72	296.06	294.34
Total Common Shares Outstanding	323.88	293.34	292.8	295.72	296.06	294.34
Working Capital	625.99	338.52	601.33	722.9	667.74	803.16
Book Value Per Share	5.98	4.27	4.89	5.12	5.38	5.21
Tangible Book Value	1,543	859.17	1,051	1,135	1,285	1,228
Tangible Book Value Per Share	4.76	2.93	3.59	3.84	4.34	4.17
Buildings	-	920.68	889.99	573.5	416.24	226.18
Machinery	-	1,893	1,771	1,385	883.7	423.16
Construction In Progress	-	138.02	139.24	424.44	181.14	326.77