SHE:301030 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	115.17	108.88	431.79	999.13	521.7	498.66
Trading Asset Securities	0.09	0.09	-	-	-	-
Cash & Short-Term Investments	115.26	108.97	431.79	999.13	521.7	498.66
Cash Growth	-79.35%	-74.76%	-56.78%	91.51%	4.62%	1.57%
Accounts Receivable	1,296	1,312	2,697	2,685	1,461	992.32
Other Receivables	170.86	198.3	181.38	65.75	23.42	13.71
Receivables	1,466	1,511	2,878	2,751	1,485	1,006
Inventory	1,946	2,220	2,151	1,785	879.79	585.22
Prepaid Expenses	-	0.05	-	-	-	-
Other Current Assets	1,169	970.17	800.76	1,105	445.86	173.49
Total Current Assets	4,697	4,810	6,262	6,640	3,332	2,263
Property, Plant & Equipment	2,229	2,506	2,884	380.64	368.1	107.01
Long-Term Investments	10.44	10.44	0.67	0.75	0.8	0.87
Goodwill	-	-	-	-	-	2.38
Other Intangible Assets	63.56	64.11	48.06	35.47	34.31	19.61
Long-Term Accounts Receivable	-	51.44	106.95	19.46	9.96	18.12
Long-Term Deferred Tax Assets	617.1	597.87	538.32	92.11	81.15	21.63
Long-Term Deferred Charges	21.78	22.57	27.69	3.89	5.08	1.58
Other Long-Term Assets	59	27.19	78.57	592.14	0.27	-
Total Assets	7,698	8,090	9,946	7,765	3,832	2,435
Accounts Payable	1,883	1,835	2,234	2,411	693.9	460.32
Accrued Expenses	70.65	73.62	66.85	107.76	42.54	28.78
Short-Term Debt	840.24	904.1	1,108	1,071	1,063	645.64
Current Portion of Long-Term Debt	480.27	324.91	525.37	222.2	174.54	17.14
Current Portion of Leases	-	163.48	98.5	-	6.72	-
Current Income Taxes Payable	10.78	1.86	27.26	62.84	7.37	5.21
Current Unearned Revenue	178.48	1,567	1,209	768.29	79.96	88.74
Other Current Liabilities	548.09	502.94	707.96	106.73	43.71	7.28
Total Current Liabilities	4,012	5,373	5,977	4,750	2,112	1,253
Long-Term Debt	1,879	1,935	1,461	1,027	320.5	149.14
Long-Term Leases	923.75	914.76	1,192	-	185.23	-
Long-Term Unearned Revenue	66.25	68.21	83.97	25.63	1.12	1
Long-Term Deferred Tax Liabilities	235.63	242.69	272.9	5.84	51.03	-
Other Long-Term Liabilities	969.01	-	58.42	70.13	7.99	-
Total Liabilities	8,085	8,534	9,045	5,878	2,678	1,403
Common Stock	202.38	202.38	201.61	143.65	133.33	133.33
Additional Paid-In Capital	1,009	1,009	1,004	1,080	594.56	576.41
Retained Earnings	-1,568	-1,638	-298.4	630.15	413.51	316.48
Treasury Stock	-41	-41	-41	-	-	-
Total Common Equity	-397.32	-467.42	866.55	1,854	1,141	1,026
Minority Interest	10.69	23.14	34.89	33.38	12.28	5.11
Shareholders' Equity	-386.63	-444.29	901.44	1,887	1,154	1,031
Total Liabilities & Equity	7,698	8,090	9,946	7,765	3,832	2,435
Total Debt	4,123	4,242	4,384	2,320	1,750	811.92
Net Cash (Debt)	-4,008	-4,133	-3,952	-1,321	-1,229	-313.26
Net Cash Per Share	-19.89	-20.49	-19.59	-6.75	-6.60	-1.96
Filing Date Shares Outstanding	202.53	201.25	207.37	201.11	186.67	186.67
Total Common Shares Outstanding	202.53	201.25	207.37	201.11	186.67	186.67
Working Capital	685.46	-563.22	285.13	1,891	1,220	1,010
Book Value Per Share	-1.96	-2.32	4.18	9.22	6.11	5.50
Tangible Book Value	-460.88	-531.53	818.49	1,818	1,107	1,004
Tangible Book Value Per Share	-2.28	-2.64	3.95	9.04	5.93	5.38
Buildings	-	276.32	262.49	262.11	103.18	97.41
Machinery	-	885.1	1,042	96.79	76.07	28.8
Construction In Progress	-	581.48	546.84	61.01	23.69	-

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