SHE:301296 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	963.68	1,119	519.09	792.5	1,418	346.74
Short-Term Investments	-	-	506.74	10.99	-	-
Trading Asset Securities	195.06	79	135.38	30	34.34	154.35
Cash & Short-Term Investments	1,159	1,198	1,161	833.49	1,453	501.1
Cash Growth	110.16%	3.16%	39.32%	-42.62%	189.87%	21.24%
Accounts Receivable	784.77	862.84	394.19	613.49	517.69	410.43
Other Receivables	64.27	50.05	4.95	3.02	12.77	8.29
Receivables	849.04	912.89	399.14	616.51	530.45	418.72
Inventory	564.68	558.83	203.39	304.44	262.01	185.58
Other Current Assets	39.61	66.96	33.37	50.83	45.87	22.72
Total Current Assets	2,675	2,737	1,797	1,805	2,291	1,128
Property, Plant & Equipment	1,480	1,454	701.25	530.33	514.8	533.85
Long-Term Investments	464.04	1,055	908.89	647.44	-	-
Goodwill	160.79	160.79	-	-	-	-
Other Intangible Assets	242.54	246.68	86.6	35.7	36.63	37.64
Long-Term Deferred Tax Assets	64.75	58.68	2.73	0.37	0.22	5.47
Long-Term Deferred Charges	7.39	7.68	6.08	4.71	3.15	3.56
Other Long-Term Assets	817.72	211.42	77.53	109.02	28.94	13.06
Total Assets	5,912	5,931	3,580	3,133	2,875	1,722
Accounts Payable	868.5	852.7	561.21	451.56	389.51	415.96
Accrued Expenses	107.24	70.19	43	31.66	19.55	40.55
Short-Term Debt	250.15	288.99	21.91	154.84	5.88	4.02
Current Portion of Long-Term Debt	-	410.89	34.66	154.62	4.5	4.5
Current Portion of Leases	-	-	5.9	3.49	0.56	0.77
Current Income Taxes Payable	-	56.72	45.78	29.03	15.33	19.98
Current Unearned Revenue	18.65	15.97	3.66	0.84	1.19	5.31
Other Current Liabilities	426.28	96.68	21.73	15.05	8.47	21.49
Total Current Liabilities	1,671	1,792	737.86	841.1	444.99	512.58
Long-Term Debt	1,425	1,369	168.99	26.68	31.18	35.68
Long-Term Leases	22.09	9.04	14.91	10.52	-	0.56
Long-Term Unearned Revenue	17.84	18.71	13.91	20.83	25.36	27.78
Long-Term Deferred Tax Liabilities	49.62	48.55	3.62	7.43	2.61	1.28
Total Liabilities	3,186	3,237	939.29	906.55	504.14	577.89
Common Stock	427.12	420.15	420	420	420	357
Additional Paid-In Capital	1,298	1,269	1,275	1,263	1,243	250.54
Retained Earnings	1,017	1,011	1,022	860.43	705.78	536.26
Treasury Stock	-29.95	-29.95	-29.95	-	-	-
Comprehensive Income & Other	-53.53	-44.03	-46.06	-316.91	1.44	-
Total Common Equity	2,659	2,626	2,641	2,226	2,370	1,144
Minority Interest	67.11	67.9	-	-	-	-
Shareholders' Equity	2,726	2,694	2,641	2,226	2,370	1,144
Total Liabilities & Equity	5,912	5,931	3,580	3,133	2,875	1,722
Total Debt	1,698	2,078	246.37	350.15	42.12	45.53
Net Cash (Debt)	-538.96	-879.78	914.83	483.34	1,410	455.57
Net Cash Growth	-	-	89.27%	-65.73%	209.60%	24.93%
Net Cash Per Share	-1.13	-2.01	2.19	1.16	3.74	1.28
Filing Date Shares Outstanding	602.63	472.5	416.64	420	420	357
Total Common Shares Outstanding	602.63	472.5	416.64	420	420	357
Working Capital	1,004	944.44	1,059	964.17	1,846	615.53
Book Value Per Share	4.41	5.56	6.34	5.30	5.64	3.20
Tangible Book Value	2,256	2,218	2,554	2,191	2,334	1,106
Tangible Book Value Per Share	3.74	4.69	6.13	5.22	5.56	3.10
Buildings	-	-	339.02	278.13	274.73	266.37
Machinery	-	-	520.39	491.99	426.18	420.02
Construction In Progress	-	-	150.97	32.99	55.76	46.02

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