SHE:301297 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	818.08	996.97	946.89	397.67	754.3	102.88
Short-Term Investments	21.31	455.05	354.68	-	-	-
Trading Asset Securities	522.27	509.86	211.81	199.16	-	-
Cash & Short-Term Investments	1,362	1,962	1,513	596.83	754.3	102.88
Cash Growth	113.61%	29.64%	153.57%	-20.88%	633.22%	-27.04%
Accounts Receivable	853	857.21	787.6	180.25	150.65	130.9
Other Receivables	22.25	6.53	4.73	1.25	1.24	2.62
Receivables	875.25	863.75	792.33	181.51	151.9	133.52
Inventory	724.39	659.11	557.28	85.28	85.4	67.04
Prepaid Expenses	-	-	-	-	2.5	-
Other Current Assets	535.59	95.57	96.85	7.08	29.94	26.18
Total Current Assets	3,497	3,580	2,960	870.7	1,024	329.62
Property, Plant & Equipment	2,777	2,718	2,383	639.34	626.65	502.7
Long-Term Investments	270.47	300.43	176.57	66.76	-	-
Other Intangible Assets	193.35	190.76	186.02	39.68	39.99	40.16
Long-Term Deferred Tax Assets	23.81	23.02	24.85	7.42	11.71	9.84
Long-Term Deferred Charges	53.61	54.53	43.64	36.06	35.74	18.93
Other Long-Term Assets	16	7.77	49.11	4.27	2.82	5.82
Total Assets	6,831	6,875	5,823	1,664	1,741	907.07
Accounts Payable	628.61	694.42	668.24	112.31	197.01	116.09
Accrued Expenses	64.51	94.23	77.37	30.8	25.32	21.15
Short-Term Debt	-	-	-	-	19.02	50.06
Current Portion of Long-Term Debt	-	41.2	49.18	-	6.3	-
Current Portion of Leases	36.77	9.7	13.09	3.99	4.9	4.72
Current Income Taxes Payable	41.21	21.16	16.96	6.22	5.37	3.65
Current Unearned Revenue	15.98	13.15	2.67	0.79	0.55	0.26
Other Current Liabilities	22.28	88.06	2.61	0.87	1.16	3.81
Total Current Liabilities	809.37	961.92	830.11	154.97	259.63	199.72
Long-Term Debt	332.52	330.53	186.16	-	65.17	15.68
Long-Term Leases	46.12	28.9	36.59	3.92	6.74	10.77
Long-Term Unearned Revenue	140.09	143.15	119.69	43.16	42.37	38.61
Long-Term Deferred Tax Liabilities	11.52	11.52	0	0.04	4.88	2.29
Other Long-Term Liabilities	23.8	23.8	34	-	-	-
Total Liabilities	1,363	1,500	1,207	202.09	378.79	267.09
Common Stock	743.19	743.19	338.39	338.39	338.39	253.79
Additional Paid-In Capital	3,400	3,393	1,981	760.11	726.18	176.67
Retained Earnings	1,269	1,172	888.22	356.15	297.6	209.52
Comprehensive Income & Other	39.62	49.77	3.84	7.48	-	-
Total Common Equity	5,452	5,359	3,212	1,462	1,362	639.98
Minority Interest	15.34	16.79	1,404	-	-	-
Shareholders' Equity	5,467	5,375	4,616	1,462	1,362	639.98
Total Liabilities & Equity	6,831	6,875	5,823	1,664	1,741	907.07
Total Debt	415.42	410.33	285.02	7.91	102.12	81.23
Net Cash (Debt)	946.24	1,552	1,228	588.92	652.18	21.65
Net Cash Growth	53.53%	26.31%	108.58%	-9.70%	2912.94%	-84.65%
Net Cash Per Share	1.38	2.43	2.18	1.74	2.57	0.09
Filing Date Shares Outstanding	743.19	743.19	338.39	338.39	338.39	253.79
Total Common Shares Outstanding	743.19	743.19	338.39	338.39	338.39	253.79
Working Capital	2,688	2,618	2,130	715.72	764.42	129.89
Book Value Per Share	7.34	7.21	9.49	4.32	4.03	2.52
Tangible Book Value	5,259	5,168	3,026	1,422	1,322	599.82
Tangible Book Value Per Share	7.08	6.95	8.94	4.20	3.91	2.36
Buildings	-	1,510	1,060	314.55	286.33	174.11
Machinery	-	1,597	1,309	424.92	19.21	248.13
Construction In Progress	-	302.27	496.43	85.27	110.15	169.43

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