SHE:300986 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	474.95	416.42	486.39	529.05	216.79	190.9
Trading Asset Securities	101.62	9.89	104.68	57.9	19	25.91
Cash & Short-Term Investments	576.57	426.3	591.07	586.95	235.79	216.81
Cash Growth	-7.10%	-27.88%	0.70%	148.93%	8.75%	-4.94%
Accounts Receivable	1,736	1,839	1,678	1,580	1,049	521.56
Other Receivables	111.61	72.39	33.56	43.31	20.9	13.1
Receivables	1,848	1,911	1,712	1,623	1,070	534.66
Inventory	381.95	368.2	308.45	263.41	289.45	230.7
Prepaid Expenses	-	101.48	64.57	86.4	86.16	66.82
Other Current Assets	145.54	47.85	30.84	10.59	9.17	16.4
Total Current Assets	2,952	2,855	2,706	2,570	1,690	1,065
Property, Plant & Equipment	2,800	2,799	2,166	2,138	1,953	1,539
Long-Term Investments	80.62	80.62	6.86	6.86	6.18	-
Other Intangible Assets	294.01	295.75	292.39	230.66	233.7	206.49
Long-Term Deferred Tax Assets	169.98	170.17	155.09	81.37	48.07	24.53
Long-Term Deferred Charges	11.57	12.72	2.16	1.61	2.84	1.21
Other Long-Term Assets	210.68	202.36	127.23	39.32	9.32	14.59
Total Assets	6,518	6,416	5,456	5,068	3,943	2,851
Accounts Payable	1,053	1,177	795.83	761.88	629.58	393.46
Accrued Expenses	76.49	235.15	201.51	233.84	212.05	151.94
Short-Term Debt	1,232	1,104	1,021	795.29	626.08	372.11
Current Portion of Long-Term Debt	383.81	291	283.35	198.45	112.87	6.79
Current Portion of Leases	-	24.18	13.26	14.69	26.12	5.72
Current Income Taxes Payable	21.22	11.26	22.48	15.28	36.94	21.15
Current Unearned Revenue	312.85	267.65	144.95	172.94	180.28	206.48
Other Current Liabilities	354.27	312.37	238.28	173.06	60.17	161.02
Total Current Liabilities	3,433	3,423	2,721	2,365	1,884	1,319
Long-Term Debt	535.49	495.01	931.64	962.73	449.94	221.22
Long-Term Leases	39.56	38.28	18.88	25.46	14.53	6.1
Long-Term Unearned Revenue	70.99	71.4	73.57	68.49	65.98	16.46
Long-Term Deferred Tax Liabilities	13.04	12.95	4.73	7.65	9.44	-
Other Long-Term Liabilities	30.54	14.63	30.17	-	-	-
Total Liabilities	4,123	4,055	3,780	3,430	2,424	1,562
Common Stock	411.97	411.97	246.47	246.37	163.89	117.07
Additional Paid-In Capital	926	925.55	409.72	409.6	474.25	514.31
Retained Earnings	907.42	868.92	731.05	681.99	760.06	600.08
Treasury Stock	-20.7	-20.7	-30.95	-	-	-
Comprehensive Income & Other	5.07	6.65	166.62	165.32	0.89	0.59
Total Common Equity	2,230	2,192	1,523	1,503	1,399	1,232
Minority Interest	165.45	168.45	153.22	134.86	120.26	57
Shareholders' Equity	2,395	2,361	1,676	1,638	1,519	1,289
Total Liabilities & Equity	6,518	6,416	5,456	5,068	3,943	2,851
Total Debt	2,191	1,952	2,268	1,997	1,230	611.94
Net Cash (Debt)	-1,614	-1,526	-1,677	-1,410	-993.75	-395.13
Net Cash Per Share	-3.83	-4.01	-5.01	-4.00	-2.88	-1.25
Filing Date Shares Outstanding	409.15	406.95	339.12	344.92	343.81	343.81
Total Common Shares Outstanding	409.15	406.95	339.12	344.92	343.81	343.81
Working Capital	-481.71	-567.71	-14.23	204.77	-193.68	-253.28
Book Value Per Share	5.45	5.39	4.49	4.36	4.07	3.58
Tangible Book Value	1,936	1,897	1,231	1,273	1,165	1,026
Tangible Book Value Per Share	4.73	4.66	3.63	3.69	3.39	2.98
Buildings	-	732.76	668.75	611.56	394.75	316.06
Machinery	-	656.39	621.47	615.54	512.49	305.25
Construction In Progress	-	311.38	188.95	167.14	276.53	133.16

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