SHE:301292 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	940	749.84	1,851	1,011	564.59	266.48
Short-Term Investments	-	475.54	270.69	80.58	-	-
Trading Asset Securities	215.6	110.05	246.76	121.52	0.01	30.05
Cash & Short-Term Investments	1,156	1,335	2,369	1,213	564.6	296.53
Cash Growth	-20.65%	-43.62%	95.21%	114.92%	90.41%	-32.45%
Accounts Receivable	2,061	1,952	1,297	1,251	1,104	1,016
Other Receivables	116.23	3.92	4.73	134.43	2.88	1.73
Receivables	2,177	1,956	1,302	1,385	1,107	1,018
Inventory	271.5	241.74	204.54	230.46	214.05	104.53
Prepaid Expenses	-	7.73	4.97	2.78	1.23	1.09
Other Current Assets	662.19	149.26	182.81	103.53	167.39	85.34
Total Current Assets	4,267	3,690	4,063	2,935	2,054	1,505
Property, Plant & Equipment	4,107	4,139	4,022	3,654	2,652	1,040
Other Intangible Assets	156.66	158.69	161.77	166.74	163.49	51.97
Long-Term Deferred Tax Assets	13.64	12.24	6.02	4.72	2.03	11.61
Long-Term Deferred Charges	15.35	16.59	16.05	12.18	-	-
Other Long-Term Assets	53.95	49.28	63.98	194.82	361.57	164.54
Total Assets	8,613	8,066	8,333	6,968	5,233	2,774
Accounts Payable	1,361	1,360	1,069	1,139	1,530	399
Accrued Expenses	22.38	76.54	69.5	16.37	70.87	67.8
Short-Term Debt	2,003	1,874	2,455	972.03	534.13	188.92
Current Portion of Long-Term Debt	824.18	389.07	245.5	147.89	-	-
Current Portion of Leases	-	274.58	227.22	312.21	12.23	16.64
Current Income Taxes Payable	26.92	-	-	5.03	-	24.91
Current Unearned Revenue	30.92	20.62	19.49	18.04	26.88	16.52
Other Current Liabilities	403.45	412.24	196.39	132.23	170.47	115.23
Total Current Liabilities	4,672	4,408	4,281	2,743	2,344	829.01
Long-Term Debt	608.22	633.48	710.95	581.71	260.32	-
Long-Term Leases	262.04	172.95	268.02	259.65	275.63	80.32
Long-Term Unearned Revenue	83.74	85.17	75.46	64.54	40.4	26.45
Long-Term Deferred Tax Liabilities	30.77	30.82	38.47	45.82	52.98	31.56
Total Liabilities	5,657	5,330	5,374	3,695	2,974	967.34
Common Stock	222.8	222.8	222.8	222.96	167.22	167.22
Additional Paid-In Capital	1,858	1,857	1,863	1,865	916.72	916.72
Retained Earnings	788.62	587.27	767.72	1,035	1,003	718.98
Treasury Stock	-16.42	-16.42	-10	-	-	-
Comprehensive Income & Other	7.05	3.9	6.85	2.38	8.63	3.49
Total Common Equity	2,860	2,654	2,851	3,125	2,096	1,806
Minority Interest	96.86	81.76	107.68	147.99	163.45	-
Shareholders' Equity	2,957	2,736	2,959	3,273	2,259	1,806
Total Liabilities & Equity	8,613	8,066	8,333	6,968	5,233	2,774
Total Debt	3,697	3,344	3,906	2,273	1,082	285.88
Net Cash (Debt)	-2,542	-2,009	-1,537	-1,060	-517.71	10.64
Net Cash Growth	-	-	-	-	-	-94.10%
Net Cash Per Share	-11.37	-9.02	-6.91	-5.70	-3.10	0.06
Filing Date Shares Outstanding	223.72	217.33	221.94	222.96	167.22	167.22
Total Common Shares Outstanding	223.72	217.33	221.94	222.96	167.22	167.22
Working Capital	-405.24	-717.35	-218.5	192.41	-290.47	676.14
Book Value Per Share	12.78	12.21	12.84	14.02	12.53	10.80
Tangible Book Value	2,703	2,496	2,689	2,959	1,932	1,754
Tangible Book Value Per Share	12.08	11.48	12.12	13.27	11.55	10.49
Buildings	-	727.51	576.46	575.01	408.97	225.3
Machinery	-	3,481	2,519	2,439	1,987	680.97
Construction In Progress	-	1,031	1,705	1,152	559.54	335.05