SHE:301301 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	734.21	1,088	760.94	1,632	510.05
Trading Asset Securities	-	-	-	1.15	1.21
Cash & Short-Term Investments	734.21	1,088	760.94	1,633	511.26
Cash Growth	-32.54%	43.03%	-53.41%	219.44%	0.13%
Accounts Receivable	1,785	1,572	1,403	1,417	1,178
Other Receivables	0.28	0.53	0.63	2.59	1.19
Receivables	1,785	1,573	1,404	1,420	1,179
Inventory	1,500	1,342	1,676	1,384	1,453
Other Current Assets	189.69	141.02	114.94	91.25	72.12
Total Current Assets	4,209	4,144	3,956	4,528	3,216
Property, Plant & Equipment	5,731	6,046	5,870	5,539	5,920
Long-Term Investments	202.2	70.69	6.78	6.93	-
Goodwill	1.37	1.37	1.37	1.37	1.37
Other Intangible Assets	228.91	235.83	257.99	283.07	271.83
Long-Term Deferred Tax Assets	21.77	20.9	21.65	11.34	6.96
Long-Term Deferred Charges	0.66	1.54	2.42	3.4	4.72
Other Long-Term Assets	34.66	33.25	21.64	17.97	40.94
Total Assets	10,429	10,554	10,139	10,390	9,462
Accounts Payable	262.62	383.33	479.98	282.99	427.66
Accrued Expenses	40.36	64.32	31.57	66.32	20.7
Short-Term Debt	560.35	210.15	850.68	978.83	700.35
Current Portion of Long-Term Debt	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	33.88	66.37	36.52	24.79	0.14
Current Unearned Revenue	19.23	66.82	28.94	38	21.26
Other Current Liabilities	671.36	539.49	565.85	467.33	513.58
Total Current Liabilities	1,744	1,948	2,536	2,707	2,563
Long-Term Debt	-	146	357.33	1,428	2,092
Long-Term Leases	469.73	451.12	188.12	10.2	3.13
Long-Term Unearned Revenue	103.8	92.51	83.74	34.24	26.22
Long-Term Deferred Tax Liabilities	-	-	0.31	0.08	-
Other Long-Term Liabilities	3.74	-	0.08	-	-
Total Liabilities	2,322	2,637	3,165	4,180	4,684
Common Stock	2,230	2,227	2,223	2,223	2,000
Additional Paid-In Capital	3,298	3,284	3,252	3,229	2,431
Retained Earnings	2,554	2,386	1,486	752.21	340.7
Comprehensive Income & Other	0.19	-0.1	-	-	-
Total Common Equity	8,082	7,898	6,960	6,204	4,771
Minority Interest	25.37	18.83	12.87	6	6
Shareholders' Equity	8,108	7,916	6,973	6,210	4,777
Total Liabilities & Equity	10,429	10,554	10,139	10,390	9,462
Total Debt	1,187	1,424	1,938	3,266	3,675
Net Cash (Debt)	-452.44	-336	-1,177	-1,633	-3,163
Net Cash Per Share	-0.20	-0.15	-0.53	-0.83	-1.70
Filing Date Shares Outstanding	2,230	2,227	2,223	2,223	2,000
Total Common Shares Outstanding	2,230	2,227	2,223	2,223	2,000
Working Capital	2,465	2,197	1,421	1,820	653.24
Book Value Per Share	3.62	3.55	3.13	2.79	2.39
Tangible Book Value	7,852	7,660	6,701	5,920	4,498
Tangible Book Value Per Share	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.