SHE:301116 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	-	268.59	253.83	488.25	332.07	400.55
Trading Asset Securities	-	-	30.03	-	20.24	20.2
Cash & Short-Term Investments	268.59	268.59	283.86	488.25	352.31	420.75
Cash Growth	-39.18%	-5.38%	-41.86%	38.58%	-16.27%	-1.31%
Accounts Receivable	-	137.24	220.17	307.58	543.66	385.06
Other Receivables	-	25.32	17.69	27.19	21.06	19.13
Receivables	-	162.56	237.86	334.77	564.72	404.18
Inventory	-	935.98	1,208	984.29	1,320	545.94
Prepaid Expenses	-	1.71	1.95	-	-	2.69
Other Current Assets	-	104.58	85.41	132.99	136.07	103.79
Total Current Assets	-	1,473	1,817	1,940	2,373	1,477
Property, Plant & Equipment	-	2,553	2,586	2,320	2,072	1,991
Long-Term Investments	-	23.65	9.18	2.67	-	-
Other Intangible Assets	-	248.87	228.09	240.75	246.89	239.82
Long-Term Deferred Tax Assets	-	4.6	3.7	5.55	2.76	2.06
Long-Term Deferred Charges	-	152.65	140.42	166.73	180.75	182.22
Other Long-Term Assets	-	23.3	39.64	16.8	28.74	86.29
Total Assets	-	4,480	4,825	4,692	4,904	3,978
Accounts Payable	-	511.73	869.14	521.28	818.65	526.33
Accrued Expenses	-	139.5	168.51	128.58	117.72	102.76
Short-Term Debt	-	957.42	684.43	1,054	877.99	853.25
Current Portion of Long-Term Debt	-	339.12	79.64	82.09	87.36	17.58
Current Portion of Leases	-	83.19	65.92	63.62	37.82	34.27
Current Income Taxes Payable	-	0.65	1.59	1.35	2.56	2.21
Current Unearned Revenue	-	12.65	4.77	57.92	22.65	13.17
Other Current Liabilities	-	245.1	171.69	110.88	109.86	89.14
Total Current Liabilities	-	2,289	2,046	2,020	2,075	1,639
Long-Term Debt	-	22.74	232.29	254.16	285.37	246.22
Long-Term Leases	-	502.1	575.33	490.47	404.61	437
Long-Term Unearned Revenue	-	103.71	101.95	109.96	119.99	125.28
Long-Term Deferred Tax Liabilities	-	-	0.01	-	-	-
Other Long-Term Liabilities	-	4.35	2.97	0.36	0.31	-
Total Liabilities	-	2,922	2,958	2,875	2,885	2,447
Common Stock	-	448.98	448.98	448.98	448.98	404.08
Additional Paid-In Capital	-	722.38	687.96	703.98	710.12	310.79
Retained Earnings	-	357.45	668.65	603.84	797.26	768.06
Treasury Stock	-	-2.87	-42.09	-	-	-
Total Common Equity	1,526	1,526	1,764	1,757	1,956	1,483
Minority Interest	-	31.77	103.11	60.83	62.68	48.3
Shareholders' Equity	1,558	1,558	1,867	1,818	2,019	1,531
Total Liabilities & Equity	-	4,480	4,825	4,692	4,904	3,978
Total Debt	1,905	1,905	1,638	1,944	1,693	1,588
Net Cash (Debt)	-1,636	-1,636	-1,354	-1,456	-1,341	-1,168
Net Cash Per Share	-3.62	-3.63	-2.97	-3.24	-3.08	-2.89
Filing Date Shares Outstanding	449.06	448.5	441.96	448.98	448.98	404.08
Total Common Shares Outstanding	449.06	448.5	441.96	448.98	448.98	404.08
Working Capital	-	-815.94	-228.33	-79.54	298.18	-161.36
Book Value Per Share	3.40	3.40	3.99	3.91	4.36	3.67
Tangible Book Value	1,277	1,277	1,535	1,516	1,709	1,243
Tangible Book Value Per Share	2.85	2.85	3.47	3.38	3.81	3.08
Buildings	-	1,251	1,195	1,160	1,050	950.06
Machinery	-	1,543	1,450	1,178	1,042	894.55
Construction In Progress	-	70.73	64.64	27.4	70.4	69.33

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