SHE:301248 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	1,280	506.11	272.35	535.32	668.02	213.71
Trading Asset Securities	53.93	9.06	327.5	200.2	185	67.5
Cash & Short-Term Investments	1,334	515.16	599.85	735.52	853.02	281.21
Cash Growth	137.70%	-14.12%	-18.45%	-13.78%	203.34%	-22.68%
Accounts Receivable	547.66	583.03	498.56	516.76	413.17	340.13
Other Receivables	231.05	268.37	23.48	26.57	14.35	14.73
Receivables	778.71	851.4	522.04	543.33	427.52	354.86
Inventory	472.82	279.08	314.14	327.6	373.27	491.96
Other Current Assets	368.34	192.84	98.36	64.74	38.86	30.1
Total Current Assets	2,954	1,838	1,534	1,671	1,693	1,158
Property, Plant & Equipment	2,095	1,014	408.11	388.64	365.74	324.79
Long-Term Investments	22.35	12.35	-	-	-	-
Goodwill	11	11	11	13.74	13.74	13.74
Other Intangible Assets	45.73	45.49	21.71	21.02	13.2	16.61
Long-Term Accounts Receivable	-	-	12.29	21.98	13.48	-
Long-Term Deferred Tax Assets	37.53	35.01	28.52	16.53	11.44	6.54
Long-Term Deferred Charges	35.08	33.59	28.22	13.61	0.83	0.77
Other Long-Term Assets	545.44	271.24	180.64	174.5	138.16	5.56
Total Assets	5,747	3,261	2,225	2,321	2,249	1,526
Accounts Payable	298.27	326.32	412.69	387.63	269.75	338.58
Accrued Expenses	9.41	9	53.2	54.46	41.5	36.7
Short-Term Debt	926.11	853.71	0.7	0.7	10.37	23.82
Current Portion of Long-Term Debt	627.29	113.63	3.06	1.51	1.41	-
Current Portion of Leases	-	-	2.54	2.2	2.25	2.94
Current Income Taxes Payable	10.82	59.94	0	0.03	0	-
Current Unearned Revenue	222.12	141.75	223.4	237.99	267.06	339.7
Other Current Liabilities	69.27	4.89	27.29	10.85	11.89	6.57
Total Current Liabilities	2,163	1,509	722.88	695.38	604.23	748.32
Long-Term Debt	1,444	207.87	10.12	6.44	11.83	149.24
Long-Term Leases	0.64	0.49	0.63	2.06	2.26	4.26
Long-Term Unearned Revenue	9.35	9.4	9.6	9.81	10.01	0.71
Long-Term Deferred Tax Liabilities	8.2	8.26	9.69	10.35	9.87	-
Other Long-Term Liabilities	613.96	5.11	5.11	-	-	-
Total Liabilities	4,239	1,740	758.04	724.03	638.19	902.54
Common Stock	153.71	153.71	153.71	153.71	102.47	76.85
Additional Paid-In Capital	1,047	1,047	1,042	1,039	1,090	203.98
Retained Earnings	267.38	280.2	269.59	364.81	378.66	342.84
Treasury Stock	-	-	-39.83	-	-	-
Comprehensive Income & Other	40.46	40.46	40.12	40.12	40.12	-
Total Common Equity	1,508	1,521	1,466	1,597	1,611	623.67
Minority Interest	-0.85	-0.34	0.78	-0.13	-0.07	-0.06
Shareholders' Equity	1,507	1,521	1,467	1,597	1,611	623.6
Total Liabilities & Equity	5,747	3,261	2,225	2,321	2,249	1,526
Total Debt	2,998	1,176	17.05	12.91	28.12	180.27
Net Cash (Debt)	-1,664	-660.54	582.8	722.61	824.91	100.94
Net Cash Growth	-	-	-19.35%	-12.40%	717.21%	-66.10%
Net Cash Per Share	-10.83	-4.35	3.79	4.37	5.86	0.88
Filing Date Shares Outstanding	158.06	152.27	150.66	153.71	153.71	153.71
Total Common Shares Outstanding	158.06	152.27	150.66	153.71	153.71	115.28
Working Capital	790.99	329.24	811.52	975.81	1,088	409.81
Book Value Per Share	9.54	9.99	9.73	10.39	10.48	5.41
Tangible Book Value	1,452	1,465	1,433	1,563	1,584	593.31
Tangible Book Value Per Share	9.18	9.62	9.51	10.17	10.31	5.15
Buildings	-	-	412.66	325.15	308.41	1.8
Machinery	-	-	42.76	40.79	36.12	24.68
Construction In Progress	-	-	4.32	56.03	41.51	306.75

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