SHE:301030 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	-	431.79	999.13	521.7	498.66
Cash & Short-Term Investments	303.28	431.79	999.13	521.7	498.66
Cash Growth	-29.76%	-56.78%	91.51%	4.62%	1.57%
Accounts Receivable	-	2,610	2,685	1,461	992.32
Other Receivables	-	134.74	65.75	23.42	13.71
Receivables	-	2,745	2,751	1,485	1,006
Inventory	-	2,568	1,785	879.79	585.22
Other Current Assets	-	804.45	1,105	445.86	173.49
Total Current Assets	-	6,549	6,640	3,332	2,263
Property, Plant & Equipment	-	3,137	380.64	368.1	107.01
Long-Term Investments	-	0.67	0.75	0.8	0.87
Goodwill	-	-	-	-	2.38
Other Intangible Assets	-	48.06	35.47	34.31	19.61
Long-Term Accounts Receivable	-	103.09	19.46	9.96	18.12
Long-Term Deferred Tax Assets	-	538.32	92.11	81.15	21.63
Long-Term Deferred Charges	-	27.69	3.89	5.08	1.58
Other Long-Term Assets	-	78.57	592.14	0.27	-
Total Assets	-	10,482	7,765	3,832	2,435
Accounts Payable	-	2,586	2,411	693.9	460.32
Accrued Expenses	-	74.07	107.76	42.54	28.78
Short-Term Debt	-	1,096	1,071	1,063	645.64
Current Portion of Long-Term Debt	-	525.37	222.2	174.54	17.14
Current Portion of Leases	-	98.5	-	6.72	-
Current Income Taxes Payable	-	27.26	62.84	7.37	5.21
Current Unearned Revenue	-	1,209	768.29	79.96	88.74
Other Current Liabilities	-	712.16	106.73	43.71	7.28
Total Current Liabilities	-	6,329	4,750	2,112	1,253
Long-Term Debt	-	1,461	1,027	320.5	149.14
Long-Term Leases	-	1,023	-	185.23	-
Long-Term Unearned Revenue	-	83.97	25.63	1.12	1
Long-Term Deferred Tax Liabilities	-	272.9	5.84	51.03	-
Other Long-Term Liabilities	-	226.72	70.13	7.99	-
Total Liabilities	-	9,397	5,878	2,678	1,403
Common Stock	-	201.61	143.65	133.33	133.33
Additional Paid-In Capital	-	1,074	1,080	594.56	576.41
Retained Earnings	-	-183.41	630.15	413.51	316.48
Treasury Stock	-	-41	-	-	-
Total Common Equity	841.09	1,051	1,854	1,141	1,026
Minority Interest	-	34.89	33.38	12.28	5.11
Shareholders' Equity	877.51	1,086	1,887	1,154	1,031
Total Liabilities & Equity	-	10,482	7,765	3,832	2,435
Total Debt	4,081	4,204	2,320	1,750	811.92
Net Cash (Debt)	-3,778	-3,773	-1,321	-1,229	-313.26
Net Cash Per Share	-16.11	-21.27	-6.75	-6.60	-1.96
Filing Date Shares Outstanding	333.52	109.98	201.11	186.67	186.67
Total Common Shares Outstanding	333.52	109.98	201.11	186.67	186.67
Working Capital	-	220.45	1,891	1,220	1,010
Book Value Per Share	4.18	9.55	9.22	6.11	5.50
Tangible Book Value	782.16	1,003	1,818	1,107	1,004
Tangible Book Value Per Share	3.89	9.12	9.04	5.93	5.38
Buildings	-	262.49	262.11	103.18	97.41
Machinery	-	1,245	96.79	76.07	28.8
Construction In Progress	-	596.84	61.01	23.69	-

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