SHE:300900 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	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	56.23	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 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	89.65	67.16	47.71	103.63	182.7	77.25
Total Assets	5,190	4,901	4,981	4,357	3,126	2,329
Accounts Payable	509.47	500.05	486.82	319.75	218.25	76.63
Accrued Expenses	17.99	23.65	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	816.34	419.19	251.1	55.14	-
Current Portion of Leases	-	-	67.72	43.12	44.5	17.96
Current Income Taxes Payable	12.96	19.92	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	46.46	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	50.7	54.54	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
Other Long-Term Liabilities	223.45	120.31	-	-	-	-
Total Liabilities	3,011	3,401	3,358	2,650	1,280	656.82
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
Total Debt	2,032	2,595	2,534	2,024	925.03	497.35
Net Cash (Debt)	-1,791	-2,383	-2,115	-1,643	-767.47	-133.97
Net Cash Per Share	-6.36	-8.16	-7.32	-5.50	-2.59	-0.45
Filing Date Shares Outstanding	263.4	298.87	292.8	295.72	296.06	294.34
Total Common Shares Outstanding	263.4	298.87	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	7.35	4.19	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	5.86	2.87	3.59	3.84	4.34	4.17
Buildings	-	-	889.99	573.5	416.24	226.18
Machinery	-	-	1,771	1,385	883.7	423.16
Construction In Progress	-	-	139.24	424.44	181.14	326.77

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