SHE:300975 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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	1,350	1,010	497.98	453.63	312.74	361.48
Trading Asset Securities	12.7	0.11	0.75	5.48	25.82	84.51
Cash & Short-Term Investments	1,362	1,010	498.73	459.12	338.56	445.99
Cash Growth	119.17%	102.57%	8.63%	35.61%	-24.09%	188.44%
Accounts Receivable	6,284	4,119	2,652	1,807	1,753	1,790
Other Receivables	94.95	110.67	47.08	29.95	45.21	45.46
Receivables	6,378	4,230	2,699	1,837	1,799	1,836
Inventory	3,394	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	985.78	834.93	959.58	384.34	778	148.56
Total Current Assets	12,120	8,469	5,319	3,559	3,801	3,094
Property, Plant & Equipment	285.06	293.9	288.99	307.54	259.52	118.8
Long-Term Investments	168.06	172.18	166.23	161.03	102.37	43.39
Goodwill	96.28	99.93	-	-	-	-
Other Intangible Assets	203.33	221.41	28.81	24.16	24.25	25.01
Long-Term Deferred Tax Assets	140.27	121.57	77.27	59.71	51.03	36.27
Long-Term Deferred Charges	2.86	2.62	0.85	1.79	2.31	1.39
Other Long-Term Assets	1.93	0.44	0.26	5.38	5.18	5.22
Total Assets	13,018	9,381	5,881	4,118	4,246	3,325

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Accounts Payable	2,505	1,837	826.04	510.21	411.75	313.26
Accrued Expenses	98.9	140.88	96.18	79.83	64.5	79.15
Short-Term Debt	5,204	2,944	1,753	880.09	930.56	1,320
Current Portion of Long-Term Debt	52.82	57.09	-	0.29	0.2	-
Current Portion of Leases	-	12.58	5.83	6.38	5.83	4.74
Current Income Taxes Payable	177.78	67.02	17.02	6.39	18.9	25.55
Current Unearned Revenue	915.64	928.39	854.11	404.93	579.1	18.27
Other Current Liabilities	240.99	346.38	92.44	42.15	88.26	4.21
Total Current Liabilities	9,196	6,333	3,645	1,930	2,099	1,766
Long-Term Debt	453.89	403.97	5.31	387.71	374.65	5.24
Long-Term Leases	8.52	10.22	6.38	11.93	14.02	2.5
Long-Term Unearned Revenue	7.68	7.9	8.18	8.47	6.85	6.85
Long-Term Deferred Tax Liabilities	103.79	83.15	33.74	32.36	30.39	21.6
Other Long-Term Liabilities	6.81	6.18	1.94	1.6	1.86	1.55
Total Liabilities	9,776	6,845	3,700	2,372	2,527	1,803

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Common Stock	687.01	687.01	687.01	630.41	630	420
Additional Paid-In Capital	443.53	435.94	435.94	85.86	80.26	290.25
Retained Earnings	2,071	1,321	1,026	962.57	942.52	825.34
Treasury Stock	-25.48	-25.48	-25.48	-15.02	-	-
Comprehensive Income & Other	-70.21	7.65	41.51	52.99	50.5	-14.26
Total Common Equity	3,106	2,426	2,165	1,717	1,703	1,521
Minority Interest	135.88	110.86	15.91	29	15.45	-0.03
Shareholders' Equity	3,242	2,537	2,181	1,746	1,719	1,521
Total Liabilities & Equity	13,018	9,381	5,881	4,118	4,246	3,325

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Total Debt	5,719	3,427	1,771	1,286	1,325	1,333
Net Cash (Debt)	-4,357	-2,417	-1,272	-827.29	-986.69	-886.82
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-6.38	-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	2,924	2,136	1,674	1,628	1,702	1,329
Book Value Per Share	4.54	3.55	3.17	2.73	2.70	2.41
Tangible Book Value	2,806	2,104	2,136	1,693	1,679	1,496
Tangible Book Value Per Share	4.11	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