SHE:300909 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	311.69	251.83	325.53	388.06	355.48	358.91
Short-Term Investments	-	-	43.96	111.54	40	50
Trading Asset Securities	80.36	105.36	95.5	55.07	51.25	-
Cash & Short-Term Investments	392.05	357.19	464.98	554.66	446.73	408.91
Cash Growth	-23.29%	-23.18%	-16.17%	24.16%	9.25%	-47.12%
Accounts Receivable	601.48	634.08	582.47	609.18	320.99	356.35
Other Receivables	67.25	27.22	27.15	21.68	27.02	24.51
Receivables	668.73	661.3	609.61	630.86	348.01	380.86
Inventory	400.07	389.69	280.53	223.07	130.8	148.71
Other Current Assets	90.11	83.91	80.05	53.21	37.41	16.59
Total Current Assets	1,551	1,492	1,435	1,462	962.95	955.07
Property, Plant & Equipment	1,494	1,452	1,101	779.9	640.82	392.13
Long-Term Investments	32.4	33.36	30.7	28.12	28.12	14.81
Goodwill	122.87	122.87	159.45	159.45	1.47	-
Other Intangible Assets	78	77.72	82.63	86.93	56.52	9.15
Long-Term Accounts Receivable	-	-	-	0.72	-	-
Long-Term Deferred Tax Assets	27.71	25.56	20.65	12.84	11.43	13.14
Long-Term Deferred Charges	43.18	42.09	51.01	53.48	29.72	30.79
Other Long-Term Assets	61.5	59.73	32.71	110.71	177.5	193.94
Total Assets	3,411	3,306	2,913	2,694	1,909	1,609
Accounts Payable	414.86	428.91	302.73	323.52	158.17	199.86
Accrued Expenses	29.1	33.94	43.36	34.61	23.38	23.61
Short-Term Debt	137.16	158.89	178.06	110.01	72.78	4.85
Current Portion of Long-Term Debt	-	31.75	31.39	-	-	-
Current Portion of Leases	67.96	35.94	30.14	35.5	29.22	14.09
Current Income Taxes Payable	4.87	3.67	5.71	5.52	4.25	5
Current Unearned Revenue	38.2	36.77	16.22	11.32	15.79	2.03
Other Current Liabilities	203.49	157.8	74.11	62.11	57.64	33.12
Total Current Liabilities	895.64	887.66	681.72	582.59	361.23	282.57
Long-Term Debt	393.09	304.68	87.34	-	-	-
Long-Term Leases	126.55	133.15	141.6	173.96	181.2	46.17
Long-Term Unearned Revenue	6.97	7.4	6.92	5.06	0.57	1.05
Other Long-Term Liabilities	-	-	-	-	0.7	-
Total Liabilities	1,422	1,333	917.57	761.61	543.71	329.79
Common Stock	172.97	172.97	172.97	172.97	151.36	100.91
Additional Paid-In Capital	1,162	1,158	1,154	1,154	701.6	742.81
Retained Earnings	664.08	653.56	678.64	603.84	510.07	431.68
Comprehensive Income & Other	-7.27	-6.5	-7.62	1.29	-0.31	3.83
Total Common Equity	1,992	1,978	1,998	1,932	1,363	1,279
Minority Interest	-3.74	-5.14	-2.13	0.36	2.1	-
Shareholders' Equity	1,988	1,973	1,996	1,932	1,365	1,279
Total Liabilities & Equity	3,411	3,306	2,913	2,694	1,909	1,609
Total Debt	724.75	664.41	468.52	319.47	283.21	65.11
Net Cash (Debt)	-332.7	-307.22	-3.55	235.19	163.52	343.8
Net Cash Growth	-	-	-	43.83%	-52.44%	-51.26%
Net Cash Per Share	-1.90	-1.76	-0.02	1.43	1.08	2.26
Filing Date Shares Outstanding	172.97	172.97	172.97	172.97	151.36	151.36
Total Common Shares Outstanding	172.97	172.97	172.97	172.97	151.36	151.36
Working Capital	655.32	604.43	753.46	879.21	601.72	672.5
Book Value Per Share	11.52	11.43	11.55	11.17	9.00	8.45
Tangible Book Value	1,791	1,777	1,756	1,686	1,305	1,270
Tangible Book Value Per Share	10.36	10.27	10.15	9.74	8.62	8.39
Buildings	-	234.41	217.79	202.5	202.5	-
Machinery	-	610.17	521.83	425.16	233.24	172.79
Construction In Progress	-	694.76	386.32	83.56	66.05	205.28

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