SHE:301155 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	601.41	681.04	922.81	985.25	1,557	3,535
Trading Asset Securities	51.31	51.05	-	-	-	-
Cash & Short-Term Investments	652.72	732.09	922.81	985.25	1,557	3,535
Cash Growth	-11.32%	-20.67%	-6.34%	-36.74%	-55.94%	946.63%
Accounts Receivable	2,117	2,651	1,306	1,763	2,072	2,075
Other Receivables	67.38	68.31	74.47	14.47	18.83	13.4
Receivables	2,185	2,720	1,381	1,778	2,091	2,089
Inventory	1,356	1,108	2,053	867.3	636.22	260.34
Other Current Assets	412.76	283.03	656.55	384.84	144.45	71.12
Total Current Assets	4,606	4,842	5,013	4,015	4,429	5,955
Property, Plant & Equipment	2,587	2,614	2,424	1,771	1,108	579.45
Long-Term Investments	1,647	1,597	1,447	1,346	1,160	160.17
Other Intangible Assets	329.5	331.66	299.31	306.28	243.84	82.91
Long-Term Deferred Tax Assets	143.7	140.87	150.92	91.52	64.57	37.41
Long-Term Deferred Charges	3.06	3.22	5.25	4.9	6.71	9.64
Other Long-Term Assets	174.41	166.69	180.3	190.78	85.5	90.77
Total Assets	9,491	9,696	9,520	7,726	7,097	6,915
Accounts Payable	820.72	1,305	1,408	1,164	1,118	718.69
Accrued Expenses	15.22	39.95	28.38	23.49	24.13	28.03
Short-Term Debt	549.25	665.87	840.27	345.19	100.01	135.18
Current Portion of Long-Term Debt	304.59	336.12	248.19	290.25	-	6.09
Current Portion of Leases	-	11.29	107.53	77.08	53.79	59.1
Current Income Taxes Payable	9.31	5	4.93	2.08	18.36	99.31
Current Unearned Revenue	395.4	336.09	681.08	72.4	15.12	34.93
Other Current Liabilities	205.03	174.62	185.51	86.36	8.73	146.73
Total Current Liabilities	2,300	2,874	3,504	2,061	1,338	1,228
Long-Term Debt	982.19	635.3	258.89	-	-	45
Long-Term Leases	75.69	74.99	0.27	29.72	56.98	6.34
Long-Term Unearned Revenue	61.52	65.52	64.5	47.16	49.12	49.72
Long-Term Deferred Tax Liabilities	50.16	46.66	46.03	-	0.04	-
Total Liabilities	3,469	3,696	3,874	2,138	1,445	1,329
Common Stock	217.39	217.39	217.39	217.39	217.39	217.39
Additional Paid-In Capital	3,134	3,134	3,134	3,134	3,134	3,166
Retained Earnings	2,257	2,244	1,916	1,850	1,960	1,949
Comprehensive Income & Other	174.12	163.53	138.09	143.48	99.77	18.14
Total Common Equity	5,782	5,758	5,406	5,345	5,411	5,350
Minority Interest	239.52	241.1	240.62	243.08	241.52	235.31
Shareholders' Equity	6,022	5,999	5,646	5,588	5,652	5,586
Total Liabilities & Equity	9,491	9,696	9,520	7,726	7,097	6,915
Total Debt	1,912	1,724	1,455	742.24	210.79	251.71
Net Cash (Debt)	-1,259	-991.49	-532.34	243.01	1,347	3,283
Net Cash Growth	-	-	-	-81.95%	-58.98%	-
Net Cash Per Share	-5.79	-4.57	-2.42	1.13	6.18	19.58
Filing Date Shares Outstanding	217.39	217.39	217.39	217.39	217.39	217.39
Total Common Shares Outstanding	217.39	217.39	217.39	217.39	217.39	217.39
Working Capital	2,307	1,969	1,509	1,954	3,090	4,726
Book Value Per Share	26.60	26.49	24.87	24.59	24.89	24.61
Tangible Book Value	5,453	5,427	5,106	5,039	5,167	5,268
Tangible Book Value Per Share	25.08	24.96	23.49	23.18	23.77	24.23
Buildings	-	1,638	1,353	836.08	487.52	212.01
Machinery	-	1,434	1,179	729.42	536.51	350.46
Construction In Progress	-	43.08	265.35	414.61	186.93	128.03

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