SHE:300975 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	1,131	1,010	497.98	453.63	312.74	361.48
Trading Asset Securities	-	0.11	0.75	5.48	25.82	84.51
Cash & Short-Term Investments	1,131	1,010	498.73	459.12	338.56	445.99
Cash Growth	122.25%	102.57%	8.63%	35.61%	-24.09%	188.44%
Accounts Receivable	4,127	4,119	2,652	1,807	1,753	1,790
Other Receivables	74.31	110.67	47.08	29.95	45.21	45.46
Receivables	4,201	4,230	2,699	1,837	1,799	1,836
Inventory	2,724	2,393	1,161	877.28	885.38	663.67
Prepaid Expenses	-	0.62	0.42	0.4	0.34	0.33
Other Current Assets	1,203	834.93	959.58	384.34	778	148.56
Total Current Assets	9,258	8,469	5,319	3,559	3,801	3,094
Property, Plant & Equipment	287.59	293.9	288.99	307.54	259.52	118.8
Long-Term Investments	168.86	172.18	166.23	161.03	102.37	43.39
Goodwill	98.71	99.93	-	-	-	-
Other Intangible Assets	215.24	221.41	28.81	24.16	24.25	25.01
Long-Term Deferred Tax Assets	112.62	121.57	77.27	59.71	51.03	36.27
Long-Term Deferred Charges	2.57	2.62	0.85	1.79	2.31	1.39
Other Long-Term Assets	0.7	0.44	0.26	5.38	5.18	5.22
Total Assets	10,145	9,381	5,881	4,118	4,246	3,325
Accounts Payable	1,896	1,837	826.04	510.21	411.75	313.26
Accrued Expenses	57.12	140.88	96.18	79.83	64.5	79.15
Short-Term Debt	3,407	2,944	1,753	880.09	930.56	1,320
Current Portion of Long-Term Debt	-	57.09	-	0.29	0.2	-
Current Portion of Leases	69.37	12.58	5.83	6.38	5.83	4.74
Current Income Taxes Payable	142.1	67.02	17.02	6.39	18.9	25.55
Current Unearned Revenue	922.7	928.39	854.11	404.93	579.1	18.27
Other Current Liabilities	369.26	346.38	92.44	42.15	88.26	4.21
Total Current Liabilities	6,863	6,333	3,645	1,930	2,099	1,766
Long-Term Debt	403.97	403.97	5.31	387.71	374.65	5.24
Long-Term Leases	7.38	10.22	6.38	11.93	14.02	2.5
Long-Term Unearned Revenue	7.82	7.9	8.18	8.47	6.85	6.85
Long-Term Deferred Tax Liabilities	85.27	83.15	33.74	32.36	30.39	21.6
Other Long-Term Liabilities	4.76	6.18	1.94	1.6	1.86	1.55
Total Liabilities	7,372	6,845	3,700	2,372	2,527	1,803
Common Stock	687.01	687.01	687.01	630.41	630	420
Additional Paid-In Capital	436.31	435.94	435.94	85.86	80.26	290.25
Retained Earnings	1,577	1,321	1,026	962.57	942.52	825.34
Treasury Stock	-25.48	-25.48	-25.48	-15.02	-	-
Comprehensive Income & Other	-19.88	7.65	41.51	52.99	50.5	-14.26
Total Common Equity	2,655	2,426	2,165	1,717	1,703	1,521
Minority Interest	117.35	110.86	15.91	29	15.45	-0.03
Shareholders' Equity	2,772	2,537	2,181	1,746	1,719	1,521
Total Liabilities & Equity	10,145	9,381	5,881	4,118	4,246	3,325
Total Debt	3,887	3,427	1,771	1,286	1,325	1,333
Net Cash (Debt)	-2,757	-2,417	-1,272	-827.29	-986.69	-886.82
Net Cash Per Share	-4.04	-3.54	-1.91	-1.31	-1.57	-1.47
Filing Date Shares Outstanding	683.38	683.38	683.38	628.53	630	630
Total Common Shares Outstanding	683.38	683.38	683.38	628.53	630	630
Working Capital	2,395	2,136	1,674	1,628	1,702	1,329
Book Value Per Share	3.89	3.55	3.17	2.73	2.70	2.41
Tangible Book Value	2,341	2,104	2,136	1,693	1,679	1,496
Tangible Book Value Per Share	3.43	3.08	3.13	2.69	2.67	2.38
Buildings	-	294.06	294.25	294.12	147.37	34.49
Machinery	-	33.36	18.96	18.97	12.92	9.01
Construction In Progress	-	-	-	-	94.42	78.78

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