SHE:300926 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	270.1	444.68	528.32	508.35	225.88	178.41
Cash & Short-Term Investments	270.1	444.68	528.32	508.35	225.88	178.41
Cash Growth	-26.01%	-15.83%	3.93%	125.06%	26.60%	-55.05%
Accounts Receivable	1,810	1,990	2,081	1,501	796.05	414.94
Other Receivables	6.25	1.57	1.11	0.73	0.53	0.16
Receivables	1,816	1,992	2,082	1,501	796.58	415.11
Inventory	1,555	1,445	1,120	906.53	619.27	284.45
Other Current Assets	293.72	215.69	140.87	98.64	126.35	81.64
Total Current Assets	3,935	4,097	3,872	3,015	1,768	959.61
Property, Plant & Equipment	4,250	4,094	2,508	1,617	1,018	602.79
Long-Term Investments	34.2	5.3	-	-	-	-
Other Intangible Assets	682.18	493.04	344.48	111.13	80.03	43.55
Long-Term Deferred Tax Assets	8.12	6.53	6.06	2.67	4.15	8.04
Long-Term Deferred Charges	296.9	279.4	179.01	77	64.56	84.84
Other Long-Term Assets	114.99	161.13	137.98	123.52	149.68	96.5
Total Assets	9,322	9,137	7,047	4,946	3,084	1,795
Accounts Payable	2,783	2,817	2,228	1,666	997.26	523.17
Accrued Expenses	74.81	138.25	104.29	67.09	28.82	18.79
Short-Term Debt	1,207	1,226	925.88	458.35	483.75	153.89
Current Portion of Long-Term Debt	150.62	199.71	141.79	72.56	15.07	25.04
Current Portion of Leases	-	5.66	10.55	7.54	7.71	0.58
Current Income Taxes Payable	76.46	45.45	9.11	23.43	2.41	2.22
Current Unearned Revenue	46.08	45.1	77.24	199.51	147.24	55.79
Other Current Liabilities	148.67	48.75	230.24	129.06	48.41	2.41
Total Current Liabilities	4,487	4,527	3,727	2,623	1,731	781.89
Long-Term Debt	944.6	859.14	709.07	508.47	40	55.06
Long-Term Leases	4.77	1.42	8.99	15.84	18.03	0.42
Long-Term Unearned Revenue	72.39	74.89	32.26	13.27	9.01	7.75
Long-Term Deferred Tax Liabilities	136.47	127.4	78.31	46.35	11.27	3.42
Total Liabilities	5,645	5,590	4,556	3,207	1,809	848.55
Common Stock	434.32	434.32	419.42	278.83	154.91	142.13
Additional Paid-In Capital	806.4	806.4	519.56	394.24	518.16	333.64
Retained Earnings	2,377	2,248	1,466	895.15	602.14	471.01
Comprehensive Income & Other	57.32	57.32	84.01	171.16	-	-
Total Common Equity	3,675	3,546	2,489	1,739	1,275	946.78
Minority Interest	1.31	1.31	1.35	-	-	-
Shareholders' Equity	3,676	3,547	2,491	1,739	1,275	946.78
Total Liabilities & Equity	9,322	9,137	7,047	4,946	3,084	1,795
Total Debt	2,307	2,292	1,796	1,063	564.56	234.99
Net Cash (Debt)	-2,037	-1,848	-1,268	-554.4	-338.68	-56.58
Net Cash Per Share	-4.66	-4.25	-3.04	-1.37	-0.90	-0.15
Filing Date Shares Outstanding	434.13	434.32	419.42	404.3	404.3	370.97
Total Common Shares Outstanding	434.13	434.32	419.42	404.3	404.3	370.97
Working Capital	-552.26	-429.34	144.23	391.6	37.41	177.71
Book Value Per Share	8.47	8.16	5.94	4.30	3.15	2.55
Tangible Book Value	2,993	3,053	2,145	1,628	1,195	903.23
Tangible Book Value Per Share	6.89	7.03	5.11	4.03	2.96	2.43
Buildings	-	1,002	755.82	500.91	360.04	240.05
Machinery	-	2,773	1,831	1,048	666.58	411.33
Construction In Progress	-	1,077	398.97	395.06	-	158.18

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