SHE:301086 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	Dec '21 Dec 31, 2021
Cash & Equivalents	529.63	552.51	235.53	289.74	615.36	548.77
Trading Asset Securities	433.37	481.11	496.75	517.62	403.51	715.75
Cash & Short-Term Investments	962.99	1,034	732.28	807.35	1,019	1,265
Cash Growth	29.27%	41.15%	-9.30%	-20.76%	-19.43%	1477.46%
Accounts Receivable	625.9	354.72	376.96	425.8	439.58	274.2
Other Receivables	30.7	29.8	29.98	4.97	4.98	2.67
Receivables	656.59	384.52	406.94	430.77	444.55	276.87
Inventory	251.3	153.7	119.68	76.59	105.31	82.24
Prepaid Expenses	-	-	-	-	-	0.17
Other Current Assets	402.04	222.62	159.39	35.69	16.69	19.93
Total Current Assets	2,273	1,794	1,418	1,350	1,585	1,644
Property, Plant & Equipment	1,978	1,343	1,057	944.91	616.14	348.74
Long-Term Investments	94.29	92.59	46.79	41.1	10.72	-
Goodwill	25.67	25.67	25.67	25.67	25.67	25.67
Other Intangible Assets	69.59	70.52	72.32	72.89	76.25	79.41
Long-Term Accounts Receivable	-	0.9	1.68	2.39	-	-
Long-Term Deferred Tax Assets	38.26	35.97	27.11	24.93	19.09	12.03
Long-Term Deferred Charges	9.19	10.04	5.03	1.41	1.6	3.96
Other Long-Term Assets	103.38	520.06	15.88	5.84	16.86	13.35
Total Assets	4,591	3,893	2,670	2,470	2,352	2,127
Accounts Payable	722.66	583.24	378.79	228.22	304.8	163.22
Accrued Expenses	16.06	50.83	45.75	33.33	53.14	35.43
Short-Term Debt	236.14	221.22	115.9	94.07	30	101.36
Current Portion of Long-Term Debt	101.01	50.46	15.67	9.58	-	-
Current Portion of Leases	-	2.06	3.2	3.63	3.66	11.27
Current Income Taxes Payable	34.17	18.46	12.08	14.02	21.74	16.1
Current Unearned Revenue	30.93	112.74	19.41	8.19	13.04	2.54
Other Current Liabilities	8.24	10.1	2.11	3.26	1.05	2.93
Total Current Liabilities	1,149	1,049	592.9	394.3	427.43	332.85
Long-Term Debt	1,428	857.05	114.83	141.26	24.72	-
Long-Term Leases	6.97	6.78	5.16	3.58	2.91	5.77
Long-Term Unearned Revenue	24.43	25.64	7.39	9.56	9.92	6.95
Long-Term Deferred Tax Liabilities	0.01	0.02	0.02	-	-	0.26
Other Long-Term Liabilities	-	-	-	-	0.77	0.68
Total Liabilities	2,609	1,939	720.3	548.71	465.76	346.5
Common Stock	90	90	90	90	60	60
Additional Paid-In Capital	1,373	1,373	1,373	1,374	1,400	1,394
Retained Earnings	547.57	508.73	479.27	450.55	422.69	324.34
Treasury Stock	-20.01	-20.01	-	-	-	-
Total Common Equity	1,991	1,952	1,942	1,914	1,882	1,779
Minority Interest	-8.04	2.34	7.8	6.4	3.57	1.81
Shareholders' Equity	1,983	1,954	1,950	1,921	1,886	1,780
Total Liabilities & Equity	4,591	3,893	2,670	2,470	2,352	2,127
Total Debt	1,772	1,138	254.75	252.13	61.29	118.4
Net Cash (Debt)	-809.04	-103.96	477.53	555.22	957.58	1,146
Net Cash Growth	-	-	-13.99%	-42.02%	-16.45%	-
Net Cash Per Share	-8.98	-1.16	5.31	17.78	10.64	16.09
Filing Date Shares Outstanding	90.3	89.66	90	90	90	90
Total Common Shares Outstanding	90.3	89.66	90	90	90	90
Working Capital	1,124	745.33	825.39	956.1	1,158	1,311
Book Value Per Share	22.04	21.77	21.58	21.27	20.92	19.76
Tangible Book Value	1,895	1,856	1,844	1,816	1,781	1,674
Tangible Book Value Per Share	20.99	20.70	20.49	20.18	19.78	18.59
Buildings	-	934.68	697.42	252.47	100.21	75.11
Machinery	-	299.27	248.53	220.3	174.49	141.1
Construction In Progress	-	314.05	252.78	570.66	405.07	154.14

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