SHE:301200 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Cash & Equivalents	5,646	1,818	1,540	1,919	2,987	220.52
Cash & Short-Term Investments	5,646	1,818	1,540	1,919	2,987	220.52
Cash Growth	155.74%	18.04%	-19.75%	-35.76%	1254.72%	-60.23%
Accounts Receivable	5,357	4,333	2,871	1,775	2,287	2,478
Other Receivables	18.28	56.45	17.2	19.29	0.44	43.71
Receivables	5,376	4,389	2,888	1,795	2,287	2,522
Inventory	2,421	1,893	898.18	972.12	903.92	1,213
Prepaid Expenses	-	-	-	-	-	3.92
Other Current Assets	218.59	141.02	42.62	20.5	20.22	27.29
Total Current Assets	13,661	8,241	5,369	4,706	6,199	3,986
Property, Plant & Equipment	817.91	813.18	703.26	460.43	255.99	183.17
Long-Term Investments	53.34	54.49	51.31	42.31	39.89	99.46
Goodwill	12.92	12.92	74.32	153.96	12.92	12.92
Other Intangible Assets	443.46	446.44	455.37	466.74	475.8	420.22
Long-Term Accounts Receivable	254.14	418.22	-	-	-	-
Long-Term Deferred Tax Assets	196.41	164.98	49.97	67.09	58.11	50.84
Long-Term Deferred Charges	10.16	13.28	35.52	58.11	75.88	86.29
Other Long-Term Assets	469.64	450.36	447.55	24.04	34.35	5.69
Total Assets	15,919	10,615	7,186	5,979	7,152	4,845
Accounts Payable	3,283	2,810	1,376	649.9	722.51	904.35
Accrued Expenses	273.3	427.58	202.27	228.43	346.65	318.16
Short-Term Debt	446.35	473.73	0.54	75.74	17.17	641.37
Current Portion of Long-Term Debt	32.14	31.33	1.89	-	-	-
Current Portion of Leases	-	16.79	34.72	35.5	45.06	34.37
Current Income Taxes Payable	147.24	102.36	9.25	5.72	37.36	96.11
Current Unearned Revenue	205.98	198.42	54.9	65.75	25.96	61.57
Other Current Liabilities	257.91	239.01	117.46	162.83	105.64	245.98
Total Current Liabilities	4,646	4,299	1,797	1,224	1,300	2,302
Long-Term Debt	-	179.95	211.05	-	-	-
Long-Term Leases	10.13	11.04	12.8	45.01	83.41	98.26
Long-Term Unearned Revenue	2.62	1.05	1.77	2.28	3.45	4.46
Long-Term Deferred Tax Liabilities	5.05	4.55	5.06	5.06	3.79	11.11
Other Long-Term Liabilities	38.88	34.27	22.41	14.35	30.09	35.56
Total Liabilities	4,702	4,530	2,050	1,291	1,421	2,451
Common Stock	483.53	425.51	420	420	420	378
Additional Paid-In Capital	-	4,511	4,229	4,081	4,070	1,041
Retained Earnings	1,456	1,133	476.91	175.73	1,237	970.5
Comprehensive Income & Other	9,261	0.69	1.15	0.75	0.52	-0.89
Total Common Equity	11,200	6,071	5,127	4,677	5,728	2,388
Minority Interest	16.51	14.05	9.45	11.05	2.85	5.53
Shareholders' Equity	11,217	6,085	5,136	4,689	5,731	2,394
Total Liabilities & Equity	15,919	10,615	7,186	5,979	7,152	4,845
Total Debt	488.62	712.85	260.99	156.25	145.64	774
Net Cash (Debt)	5,157	1,105	1,279	1,763	2,842	-553.49
Net Cash Growth	467.47%	-13.60%	-27.44%	-37.96%	-	-
Net Cash Per Share	11.63	2.55	3.02	4.16	6.86	-1.47
Filing Date Shares Outstanding	483.53	425.51	420	420	420	378
Total Common Shares Outstanding	483.53	425.51	420	420	420	378
Working Capital	9,015	3,942	3,572	3,483	4,899	1,685
Book Value Per Share	23.16	14.27	12.21	11.14	13.64	6.32
Tangible Book Value	10,744	5,611	4,597	4,057	5,239	1,955
Tangible Book Value Per Share	22.22	13.19	10.95	9.66	12.47	5.17
Buildings	-	575.27	-	-	-	-
Machinery	-	241.51	186.55	143.24	133.55	101.32
Construction In Progress	-	24.22	556.64	314.08	58.9	0.83

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