SHE:301268 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	433.26	584.01	1,116	827.18	120.12
Trading Asset Securities	356.37	585	327	130	-
Cash & Short-Term Investments	789.63	1,169	1,443	957.18	120.12
Cash Growth	-32.45%	-18.99%	50.76%	696.82%	45.88%
Accounts Receivable	1,336	980.75	971.46	1,047	601.94
Other Receivables	27.5	67.51	25.64	66.01	13.12
Receivables	1,364	1,048	997.1	1,113	615.06
Inventory	1,180	983.82	803.53	737.41	348.55
Other Current Assets	332.48	220.81	143.13	94.53	19.3
Total Current Assets	3,666	3,422	3,387	2,902	1,103
Property, Plant & Equipment	2,505	2,167	1,818	1,544	846.54
Other Intangible Assets	142.71	206.79	159.06	110.56	111.77
Long-Term Deferred Tax Assets	44.71	72.75	59.01	51.53	15.02
Long-Term Deferred Charges	101.73	90.23	80.05	41.85	20.49
Other Long-Term Assets	126.12	144.55	137.02	39.87	46.44
Total Assets	6,587	6,104	5,640	4,690	2,143
Accounts Payable	1,756	1,060	1,159	1,522	676.74
Accrued Expenses	72.33	76.05	79.18	90.68	41.38
Short-Term Debt	1,701	1,625	453.56	495.56	162.82
Current Portion of Long-Term Debt	295.18	53.61	6.04	60.3	55.22
Current Portion of Leases	-	13.85	28.95	19.62	30.93
Current Income Taxes Payable	22.82	4.06	15.29	7.75	14.22
Current Unearned Revenue	7.2	51.52	41.35	5.65	3.46
Other Current Liabilities	43.7	79.18	52.29	35.05	48.14
Total Current Liabilities	3,898	2,964	1,836	2,237	1,033
Long-Term Debt	894.31	1,033	1,065	50	110
Long-Term Leases	79.85	121.23	49.37	129.11	170.81
Long-Term Unearned Revenue	112.82	46.52	37.4	28.71	31.65
Long-Term Deferred Tax Liabilities	-	20.37	23.05	32.98	-
Other Long-Term Liabilities	-	14.48	49.63	-	-
Total Liabilities	4,985	4,200	3,060	2,478	1,345
Common Stock	400.4	400.01	400.01	400.01	360
Additional Paid-In Capital	1,061	1,045	1,035	1,030	23.19
Retained Earnings	192.67	428.05	997.39	777.78	414.82
Treasury Stock	-160.03	-100.03	-	-	-
Comprehensive Income & Other	107.36	131	146.49	4.29	-0.11
Shareholders' Equity	1,601	1,904	2,579	2,213	797.9
Total Liabilities & Equity	6,587	6,104	5,640	4,690	2,143
Total Debt	2,971	2,847	1,603	754.59	529.79
Net Cash (Debt)	-2,181	-1,678	-160.37	202.59	-409.66
Net Cash Per Share	-5.47	-4.18	-0.40	0.52	-1.13
Filing Date Shares Outstanding	359.31	394.59	400.01	400.01	360
Total Common Shares Outstanding	359.31	394.59	400.01	400.01	360
Working Capital	-232.44	458.11	1,551	665.61	70.11
Book Value Per Share	4.46	4.82	6.45	5.53	2.22
Tangible Book Value	1,458	1,697	2,420	2,102	686.13
Tangible Book Value Per Share	4.06	4.30	6.05	5.25	1.91
Buildings	-	576.41	510.79	474.87	364.98
Machinery	-	2,029	1,462	1,207	616.13
Construction In Progress	-	179.21	281.66	168.49	99.97

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