SHE:301291 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	1,222	1,798	2,418	2,991	403.6	281.71
Trading Asset Securities	402.14	111.04	60.6	-	-	-
Cash & Short-Term Investments	1,624	1,909	2,478	2,991	403.6	281.71
Cash Growth	-7.57%	-22.98%	-17.14%	641.03%	43.27%	33.14%
Accounts Receivable	3,645	3,857	3,624	2,675	1,883	1,225
Other Receivables	44.35	34.2	42.96	71.83	34.23	1.43
Receivables	3,689	3,891	3,667	2,747	1,917	1,226
Inventory	1,225	939.75	1,089	995.29	581.35	385.34
Prepaid Expenses	-	-	14.35	16.73	11.18	8.28
Other Current Assets	650.22	629.65	567.8	60.56	100.29	68.46
Total Current Assets	7,188	7,370	7,816	6,810	3,014	1,970
Property, Plant & Equipment	868.65	820.89	633.58	504.14	474.67	467.22
Long-Term Investments	12.11	12.59	3.51	-	-	-
Other Intangible Assets	290.51	292.3	160.79	129.6	97.22	99.64
Long-Term Accounts Receivable	-	-	593.08	347.02	178.27	80.86
Long-Term Deferred Tax Assets	78.37	80.47	59.89	40.2	22.83	13.21
Long-Term Deferred Charges	17.93	17.93	9.92	11.83	7.53	3.69
Other Long-Term Assets	822.59	845.38	60.96	12.65	3.12	2.32
Total Assets	9,278	9,439	9,338	7,855	3,797	2,637
Accounts Payable	3,224	3,502	3,780	2,914	1,992	1,000
Accrued Expenses	75.34	134.66	153.18	98.97	65.6	70.26
Short-Term Debt	221.57	62.72	29.23	12.7	58.67	218
Current Portion of Long-Term Debt	13.96	11.69	2	4.33	58.66	36.75
Current Portion of Leases	-	-	8.36	6.06	-	-
Current Income Taxes Payable	27.71	43.51	61.37	38.44	14.2	7.87
Current Unearned Revenue	233.28	232.58	290.15	309.7	149.88	111.56
Other Current Liabilities	370.24	366.81	312.04	189.35	156	167.38
Total Current Liabilities	4,166	4,354	4,637	3,573	2,495	1,612
Long-Term Debt	-	-	-	37.14	315.34	314.3
Long-Term Leases	5	7.55	5.8	6.03	-	-
Long-Term Unearned Revenue	18.2	18.69	7.89	9.52	8.45	3.46
Long-Term Deferred Tax Liabilities	25.27	23.57	15.32	11.17	7.63	4.63
Total Liabilities	4,214	4,404	4,666	3,637	2,826	1,935
Common Stock	312.2	312.2	312.2	312.2	234.15	234.15
Additional Paid-In Capital	2,914	2,912	2,894	2,904	205.71	205.71
Retained Earnings	1,827	1,802	1,460	997.72	527.69	262.41
Comprehensive Income & Other	10.69	9.21	5.76	3.99	3.25	-
Shareholders' Equity	5,064	5,035	4,672	4,218	970.8	702.26
Total Liabilities & Equity	9,278	9,439	9,338	7,855	3,797	2,637
Total Debt	240.54	81.96	45.39	66.27	432.67	569.04
Net Cash (Debt)	1,383	1,827	2,433	2,925	-29.06	-287.33
Net Cash Growth	-16.23%	-24.91%	-16.82%	-	-	-
Net Cash Per Share	4.44	5.84	7.78	10.75	-0.12	-1.23
Filing Date Shares Outstanding	307.58	316.63	312.2	312.2	234.15	234.15
Total Common Shares Outstanding	307.58	316.63	312.2	312.2	234.15	234.15
Working Capital	3,022	3,015	3,179	3,237	518.59	357.7
Book Value Per Share	16.46	15.90	14.96	13.51	4.15	3.00
Tangible Book Value	4,774	4,743	4,511	4,089	873.59	602.62
Tangible Book Value Per Share	15.52	14.98	14.45	13.10	3.73	2.57
Buildings	-	-	404.3	404.3	404.3	369.38
Machinery	-	-	200.44	161.99	117.68	96.17
Construction In Progress	-	-	124.29	2	1.13	26.59

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