SHE:301232 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	706.23	579.21	343.11	309.85	151.93	179.17
Trading Asset Securities	-	-	307.65	433.66	-	-
Cash & Short-Term Investments	706.23	579.21	650.76	743.51	151.93	179.17
Cash Growth	20.31%	-10.99%	-12.47%	389.37%	-15.20%	25.64%
Accounts Receivable	1,779	1,860	1,437	1,222	905.43	626.99
Other Receivables	21.48	17.01	13.1	14.84	23.15	17.65
Receivables	1,800	1,877	1,450	1,237	928.57	644.64
Inventory	571.65	468.43	360.62	352.31	305.6	297.24
Prepaid Expenses	-	-	-	-	4.73	3.31
Other Current Assets	331.48	244.43	154.49	79.76	24.57	61.72
Total Current Assets	3,409	3,169	2,616	2,412	1,415	1,186
Property, Plant & Equipment	1,058	1,072	809.79	413.59	307.09	236.13
Goodwill	57.04	38.44	-	-	-	-
Other Intangible Assets	88.2	83.9	82.05	83.5	85.12	28.84
Long-Term Deferred Tax Assets	42.56	42.97	31.3	20.98	8.24	5.07
Long-Term Deferred Charges	39.77	40.11	32.27	19.69	13.19	8.02
Other Long-Term Assets	65.71	20.57	30.52	76.8	12.93	55.81
Total Assets	4,761	4,467	3,602	3,027	1,842	1,520
Accounts Payable	1,195	1,251	970.92	589.48	324.09	307.85
Accrued Expenses	27.02	40.78	30.6	35.32	44.26	50.04
Short-Term Debt	1,017	696.88	433.36	405.22	403.22	296.4
Current Portion of Long-Term Debt	333.44	323.89	123.79	106.04	54	2
Current Portion of Leases	-	36.02	25.9	30.68	62.38	52.14
Current Income Taxes Payable	10.05	4.65	1.76	1.09	2.04	3
Current Unearned Revenue	16.22	4.48	2.87	2.81	0.63	0.85
Other Current Liabilities	61.52	77.04	54.28	38.74	36.73	54.79
Total Current Liabilities	2,660	2,435	1,643	1,209	927.36	767.08
Long-Term Debt	389.39	330.43	327.74	140.49	112.18	55.08
Long-Term Leases	188.33	190.76	165.77	46.87	40.83	34.21
Long-Term Unearned Revenue	88.43	88.69	77.4	78.38	78.07	77.91
Long-Term Deferred Tax Liabilities	0.94	0.68	-	-	4.29	-
Other Long-Term Liabilities	-	-	-	1.01	-	-
Total Liabilities	3,327	3,045	2,214	1,476	1,163	934.28
Common Stock	75.16	75.16	75.16	53.69	40.22	40.22
Additional Paid-In Capital	1,016	1,014	1,002	1,024	185.88	185.88
Retained Earnings	335.92	331.41	293.62	461.7	448.39	358.88
Treasury Stock	-8.7	-8.7	-	-	-	-
Comprehensive Income & Other	-3.44	-2.43	2.83	-0.38	-	-
Total Common Equity	1,415	1,409	1,374	1,539	674.49	584.97
Minority Interest	18.6	12.92	13.65	11.69	4.75	0.69
Shareholders' Equity	1,434	1,422	1,388	1,551	679.23	585.66
Total Liabilities & Equity	4,761	4,467	3,602	3,027	1,842	1,520
Total Debt	1,928	1,578	1,077	729.3	672.61	439.83
Net Cash (Debt)	-1,221	-998.77	-425.8	14.21	-520.68	-260.67
Net Cash Per Share	-15.72	-13.21	-5.66	0.22	-9.25	-4.63
Filing Date Shares Outstanding	75.16	75.16	75.16	75.16	56.3	56.3
Total Common Shares Outstanding	75.16	75.16	75.16	75.16	56.3	56.3
Working Capital	749.67	734.07	972.67	1,203	488.04	418.99
Book Value Per Share	18.83	18.75	18.28	20.47	11.98	10.39
Tangible Book Value	1,270	1,287	1,292	1,455	589.37	556.14
Tangible Book Value Per Share	16.90	17.12	17.19	19.36	10.47	9.88
Buildings	-	87.59	85.7	5.38	4.51	4.13
Machinery	-	752.73	513.29	444.28	332.6	169.7
Construction In Progress	-	236.16	171.27	10.2	2.5	6.1

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