SHE:301015 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Cash & Equivalents	2,377	2,137	1,467	1,344	1,048	1,276
Trading Asset Securities	366.3	264.46	44.99	27.62	27.22	40.77
Cash & Short-Term Investments	2,743	2,402	1,512	1,372	1,075	1,317
Cash Growth	47.00%	58.81%	10.23%	27.63%	-18.38%	15.32%
Accounts Receivable	1,681	1,960	2,216	2,464	2,232	1,943
Other Receivables	54.83	76.44	161.58	214.78	44.43	41.34
Receivables	1,735	2,036	2,377	2,679	2,277	1,984
Inventory	1,085	895.57	927.75	861.67	650.1	623.85
Prepaid Expenses	-	-	-	-	0.6	0.55
Other Current Assets	551.39	383.94	293.35	205.94	255.48	165.91
Total Current Assets	6,114	5,718	5,111	5,118	4,258	4,092
Property, Plant & Equipment	895.84	885.47	810.65	672.15	432.99	225.75
Long-Term Investments	965.87	901.78	742.62	263.95	181.57	151.71
Goodwill	112.49	112.49	112.49	107.6	0.69	5.96
Other Intangible Assets	267.47	227.52	227.59	140.09	56.77	28.65
Long-Term Deferred Tax Assets	84.74	86.78	58.1	76.57	36.65	32.85
Long-Term Deferred Charges	74.36	76.7	40.73	34.31	8.01	8.3
Other Long-Term Assets	52.67	103.8	9.43	4.5	55.61	58.02
Total Assets	8,568	8,112	7,113	6,417	5,030	4,603
Accounts Payable	1,066	1,219	1,163	1,072	990.3	845.76
Accrued Expenses	68.81	116.17	229.97	206.1	211.14	138.26
Short-Term Debt	2,377	1,932	1,099	513.02	1,165	1,189
Current Portion of Long-Term Debt	78.13	84.95	43.41	61.44	-	-
Current Portion of Leases	-	-	27.87	20.78	27.34	15.42
Current Income Taxes Payable	83.11	95.51	64.78	101.47	33.99	32.52
Current Unearned Revenue	179.25	146.65	118.52	97.8	92.48	113.78
Other Current Liabilities	425.75	383.26	512.32	319.06	83.54	66.32
Total Current Liabilities	4,278	3,977	3,258	2,392	2,604	2,401
Long-Term Debt	1,253	1,253	1,113	771.93	-	-
Long-Term Leases	105.01	109.6	102.56	87.41	145.34	22.21
Long-Term Unearned Revenue	12.45	12.91	11.43	13.6	-	-
Long-Term Deferred Tax Liabilities	20.19	17.34	18.39	33.54	1.13	5.85
Other Long-Term Liabilities	-	-	5	-	-	-
Total Liabilities	5,669	5,370	4,508	3,298	2,750	2,429
Common Stock	525.62	525.62	525.62	525.61	525.1	525.1
Additional Paid-In Capital	17.96	16.31	-	653.47	411.61	418.31
Retained Earnings	1,948	1,825	1,750	1,610	1,364	1,212
Comprehensive Income & Other	96.75	96.67	98.91	101.63	1.65	2.11
Total Common Equity	2,589	2,463	2,375	2,891	2,302	2,157
Minority Interest	309.82	278.7	229.76	228.4	-22.11	16.76
Shareholders' Equity	2,899	2,742	2,605	3,119	2,280	2,174
Total Liabilities & Equity	8,568	8,112	7,113	6,417	5,030	4,603
Total Debt	3,814	3,380	2,385	1,455	1,338	1,226
Net Cash (Debt)	-1,071	-978.05	-872.59	-82.51	-262.71	90.77
Net Cash Per Share	-2.00	-1.83	-1.61	-0.15	-0.50	0.18
Filing Date Shares Outstanding	516.43	539.07	525.62	519.55	525.1	525.1
Total Common Shares Outstanding	516.43	539.07	525.62	519.55	525.1	525.1
Working Capital	1,836	1,740	1,853	2,727	1,654	1,691
Book Value Per Share	5.01	4.57	4.52	5.56	4.38	4.11
Tangible Book Value	2,209	2,123	2,035	2,643	2,245	2,123
Tangible Book Value Per Share	4.28	3.94	3.87	5.09	4.27	4.04
Buildings	-	-	504.28	464.74	206.13	206.13
Machinery	-	-	450.97	338.96	91.2	78.02
Construction In Progress	-	-	152.26	143.29	80.5	8.78

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