SHE:301126 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	510.04	586.73	619.85	649.4	543	748.07
Trading Asset Securities	19.82	9.82	-	-	100	-
Cash & Short-Term Investments	529.87	596.55	619.85	649.4	643	748.07
Cash Growth	-9.34%	-3.76%	-4.55%	1.00%	-14.05%	226.70%
Accounts Receivable	2,149	2,074	1,817	1,693	1,538	1,447
Other Receivables	247.45	134.54	98.33	98	118.06	110.83
Receivables	2,396	2,209	1,915	1,791	1,656	1,558
Inventory	923.01	932.63	858.29	629.11	433.21	250.28
Prepaid Expenses	-	-	4.21	1.62	2.55	0.18
Other Current Assets	228.47	233.51	314.13	243.29	276.96	90.49
Total Current Assets	4,078	3,971	3,711	3,314	3,011	2,647
Property, Plant & Equipment	952.9	961.94	964.08	719.81	529.1	285.59
Long-Term Investments	31.92	66.92	123.6	122.53	20	-
Goodwill	1,089	1,089	1,117	717.93	174.41	-
Other Intangible Assets	110.68	112.49	135.72	138.17	103.55	25.83
Long-Term Deferred Tax Assets	66.75	65.95	42.73	30.09	13.77	9.79
Long-Term Deferred Charges	49.28	51.04	48.34	36.96	30.46	18.48
Other Long-Term Assets	15.05	18.6	35.01	198.1	48.72	7.82
Total Assets	6,393	6,337	6,178	5,278	3,931	2,994
Accounts Payable	859.38	812.65	707.18	496.21	367.64	413.7
Accrued Expenses	36.75	42.71	50.7	43.97	39.51	26.92
Short-Term Debt	2,423	2,421	1,884	1,521	1,198	589.25
Current Portion of Long-Term Debt	511.45	528.25	299.09	65.16	86.6	4
Current Portion of Leases	-	-	83.3	48.09	26.99	9.91
Current Income Taxes Payable	22.91	32.04	22.22	17.32	25.49	30.34
Current Unearned Revenue	53.24	51.14	71.89	21.16	10.97	76.13
Other Current Liabilities	125.5	108.06	185.72	341.21	59.01	14.67
Total Current Liabilities	4,032	3,996	3,305	2,555	1,814	1,165
Long-Term Debt	614.08	604.95	885.85	833.75	211.46	106.14
Long-Term Leases	116.44	117.44	133.49	105.62	87.24	44.11
Long-Term Unearned Revenue	16.85	15.65	0.04	0.09	-	-
Long-Term Deferred Tax Liabilities	9.84	9.85	5.51	1.98	1.18	-
Total Liabilities	4,790	4,744	4,329	3,496	2,114	1,315
Common Stock	205.4	205.4	205.4	206.51	206.51	206.51
Additional Paid-In Capital	980.94	980.94	980.94	989.84	994.55	994.55
Retained Earnings	310.11	304.15	567.9	549.58	521.27	478.09
Comprehensive Income & Other	-2.63	-2.63	2.54	1.3	-	-
Total Common Equity	1,494	1,488	1,757	1,747	1,722	1,679
Minority Interest	109.35	105.08	91.92	34.42	94.9	-
Shareholders' Equity	1,603	1,593	1,849	1,782	1,817	1,679
Total Liabilities & Equity	6,393	6,337	6,178	5,278	3,931	2,994
Total Debt	3,665	3,672	3,286	2,574	1,610	753.41
Net Cash (Debt)	-3,135	-3,075	-2,666	-1,925	-967.4	-5.34
Net Cash Per Share	-14.52	-14.97	-13.04	-9.54	-4.73	-0.03
Filing Date Shares Outstanding	198.83	210.21	205.4	206.51	206.51	206.51
Total Common Shares Outstanding	198.83	210.21	205.4	206.51	206.51	206.51
Working Capital	45.24	-24.67	406.8	759.51	1,197	1,482
Book Value Per Share	7.51	7.08	8.55	8.46	8.34	8.13
Tangible Book Value	294.58	286.82	503.76	891.13	1,444	1,653
Tangible Book Value Per Share	1.48	1.36	2.45	4.32	6.99	8.01
Buildings	-	-	696.23	413.71	368.48	255.49
Machinery	-	-	219.73	149.73	115.06	34.84
Construction In Progress	-	-	25.63	151.68	26.4	1.64

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