SHE:300903 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	837.5	502.67	838.66	532.8	898.26	351.29
Short-Term Investments	-	-	100.71	191.37	114.82	10.01
Trading Asset Securities	40.01	-	88.07	300.92	473.38	22.75
Cash & Short-Term Investments	877.51	502.67	1,027	1,025	1,486	384.05
Cash Growth	33.23%	-51.08%	0.23%	-31.04%	287.05%	-50.98%
Accounts Receivable	1,921	1,865	2,070	1,797	1,487	1,211
Other Receivables	22.81	16.07	17.05	15.55	21.17	28.67
Receivables	1,944	1,881	2,087	1,812	1,509	1,240
Inventory	633.15	562.01	475.96	322.51	351.85	301.85
Prepaid Expenses	-	-	-	-	-	0
Other Current Assets	194.1	287.08	183.6	108.34	102.8	119.14
Total Current Assets	3,649	3,233	3,774	3,268	3,450	2,045
Property, Plant & Equipment	2,936	2,966	3,125	3,017	2,491	1,328
Long-Term Investments	6.04	5.12	5.23	6.16	6.12	11
Goodwill	-	-	9.48	21.46	-	-
Other Intangible Assets	198.04	200.32	201.91	91.51	73.94	38.27
Long-Term Deferred Tax Assets	160.09	154.35	140.26	122.67	69.48	35.65
Long-Term Deferred Charges	81.18	90.91	85.21	90.31	26.47	12.22
Other Long-Term Assets	11.81	4.81	9.32	47.6	90.79	99.36
Total Assets	7,041	6,654	7,351	6,665	6,207	3,570
Accounts Payable	2,817	2,755	3,161	2,727	2,684	1,963
Accrued Expenses	87.16	98.07	104.95	53.91	53.13	42.96
Short-Term Debt	1,253	1,218	1,127	748.57	497.42	202.32
Current Portion of Long-Term Debt	298.58	274.74	158.2	73.58	45.5	-
Current Portion of Leases	-	-	27.19	31.66	26.84	24.8
Current Income Taxes Payable	3.44	5.88	-	1.49	8.26	4.22
Current Unearned Revenue	16.75	9.06	10.74	4.04	2.85	2.49
Other Current Liabilities	43.73	38.2	198.05	145.68	78.06	27.78
Total Current Liabilities	4,519	4,399	4,788	3,786	3,396	2,268
Long-Term Debt	186.33	176.54	262.93	255.89	174.14	-
Long-Term Leases	44.49	45.52	185.29	162.11	85.81	24.17
Long-Term Unearned Revenue	197.06	200.12	171.1	147.29	109.2	65.2
Long-Term Deferred Tax Liabilities	21.01	21.74	23.79	32.57	15.32	7.09
Other Long-Term Liabilities	236.44	198.31	49.28	46.86	43.64	-
Total Liabilities	5,205	5,041	5,480	4,430	3,824	2,364
Common Stock	435.39	414.69	414.69	414.69	414.69	172.34
Additional Paid-In Capital	1,872	1,614	1,617	1,603	1,603	725.11
Retained Earnings	-461.39	-409.39	-163.06	180.6	348.2	309.32
Treasury Stock	-20.02	-20.02	-14.72	-	-	-
Comprehensive Income & Other	-	-	-	-	-	-1.26
Total Common Equity	1,826	1,599	1,854	2,198	2,366	1,206
Minority Interest	10.84	13.78	16.41	36.02	16.85	-0
Shareholders' Equity	1,837	1,613	1,871	2,234	2,383	1,205
Total Liabilities & Equity	7,041	6,654	7,351	6,665	6,207	3,570
Total Debt	1,782	1,715	1,761	1,272	829.7	251.29
Net Cash (Debt)	-904.88	-1,213	-733.08	-246.72	656.76	132.76
Net Cash Growth	-	-	-	-	394.69%	-80.33%
Net Cash Per Share	-2.18	-2.93	-1.77	-0.59	1.68	0.43
Filing Date Shares Outstanding	421.74	420.35	412.66	414.69	414.69	310.21
Total Common Shares Outstanding	421.74	420.35	412.66	414.69	414.69	310.21
Working Capital	-870.47	-1,166	-1,013	-517.35	53.33	-222.71
Book Value Per Share	4.33	3.80	4.49	5.30	5.71	3.89
Tangible Book Value	1,628	1,399	1,643	2,085	2,292	1,167
Tangible Book Value Per Share	3.86	3.33	3.98	5.03	5.53	3.76
Buildings	-	-	748.49	702.72	200.56	111.57
Machinery	-	-	2,891	2,578	1,836	1,363
Construction In Progress	-	-	394.17	383.56	989.85	228.64

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