SHE:301301 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	664.17	734.21	1,088	760.94	1,632	510.05
Trading Asset Securities	-	-	-	-	1.15	1.21
Cash & Short-Term Investments	664.17	734.21	1,088	760.94	1,633	511.26
Cash Growth	-41.89%	-32.54%	43.03%	-53.41%	219.44%	0.13%
Accounts Receivable	2,011	1,785	1,572	1,403	1,417	1,178
Other Receivables	0.91	0.28	0.53	0.63	2.59	1.19
Receivables	2,012	1,785	1,573	1,404	1,420	1,179
Inventory	1,322	1,500	1,342	1,676	1,384	1,453
Other Current Assets	192.81	189.69	141.02	114.94	91.25	72.12
Total Current Assets	4,191	4,209	4,144	3,956	4,528	3,216
Property, Plant & Equipment	5,668	5,731	6,046	5,870	5,539	5,920
Long-Term Investments	252.93	202.2	70.69	6.78	6.93	-
Goodwill	1.37	1.37	1.37	1.37	1.37	1.37
Other Intangible Assets	236.68	228.91	235.83	257.99	283.07	271.83
Long-Term Deferred Tax Assets	20.17	21.77	20.9	21.65	11.34	6.96
Long-Term Deferred Charges	0.44	0.66	1.54	2.42	3.4	4.72
Other Long-Term Assets	32.05	34.66	33.25	21.64	17.97	40.94
Total Assets	10,403	10,429	10,554	10,139	10,390	9,462
Accounts Payable	695.59	262.62	383.33	479.98	282.99	427.66
Accrued Expenses	27.59	40.36	64.32	31.57	66.32	20.7
Short-Term Debt	760.48	560.35	210.15	850.68	978.83	700.35
Current Portion of Long-Term Debt	10.56	146.11	608.16	538.36	847.26	878.17
Current Portion of Leases	-	10.46	8.9	3.8	1.88	1.02
Current Income Taxes Payable	89.92	33.88	66.37	36.52	24.79	0.14
Current Unearned Revenue	15.27	19.23	66.82	28.94	38	21.26
Other Current Liabilities	31.69	671.36	539.49	565.85	467.33	513.58
Total Current Liabilities	1,631	1,744	1,948	2,536	2,707	2,563
Long-Term Debt	-	-	146	357.33	1,428	2,092
Long-Term Leases	448.06	469.73	451.12	188.12	10.2	3.13
Long-Term Unearned Revenue	100.06	103.8	92.51	83.74	34.24	26.22
Long-Term Deferred Tax Liabilities	-	-	-	0.31	0.08	-
Other Long-Term Liabilities	5.27	3.74	-	0.08	-	-
Total Liabilities	2,184	2,322	2,637	3,165	4,180	4,684
Common Stock	2,230	2,230	2,227	2,223	2,223	2,000
Additional Paid-In Capital	3,299	3,298	3,284	3,252	3,229	2,431
Retained Earnings	2,665	2,554	2,386	1,486	752.21	340.7
Comprehensive Income & Other	0.19	0.19	-0.1	-	-	-
Total Common Equity	8,194	8,082	7,898	6,960	6,204	4,771
Minority Interest	24.66	25.37	18.83	12.87	6	6
Shareholders' Equity	8,218	8,108	7,916	6,973	6,210	4,777
Total Liabilities & Equity	10,403	10,429	10,554	10,139	10,390	9,462
Total Debt	1,219	1,187	1,424	1,938	3,266	3,675
Net Cash (Debt)	-554.94	-452.44	-336	-1,177	-1,633	-3,163
Net Cash Per Share	-0.25	-0.20	-0.15	-0.53	-0.83	-1.70
Filing Date Shares Outstanding	2,230	2,230	2,227	2,223	2,223	2,000
Total Common Shares Outstanding	2,230	2,230	2,227	2,223	2,223	2,000
Working Capital	2,560	2,465	2,197	1,421	1,820	653.24
Book Value Per Share	3.67	3.62	3.55	3.13	2.79	2.39
Tangible Book Value	7,956	7,852	7,660	6,701	5,920	4,498
Tangible Book Value Per Share	3.57	3.52	3.44	3.01	2.66	2.25
Buildings	-	3,186	3,060	2,779	2,637	2,560
Machinery	-	6,346	6,226	5,861	5,815	5,725
Construction In Progress	-	277.21	285.31	537.8	60.12	96.38

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