SHE:301307 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	502.13	515.62	539.54	428.98	573.18	214.18
Trading Asset Securities	-	-	-	296.62	-	-
Cash & Short-Term Investments	502.13	515.62	539.54	725.61	573.18	214.18
Cash Growth	-2.03%	-4.43%	-25.64%	26.59%	167.61%	-35.61%
Accounts Receivable	1,392	1,442	1,337	935.95	1,052	887.38
Other Receivables	27.26	21.22	15.91	15.64	25.51	22.96
Receivables	1,419	1,463	1,353	951.59	1,077	910.34
Inventory	889.6	823.51	742.4	592.24	582.62	410.01
Other Current Assets	35.02	55.57	88.01	21.09	16.26	13.44
Total Current Assets	2,846	2,858	2,723	2,291	2,249	1,548
Property, Plant & Equipment	4,202	4,202	3,661	2,941	2,235	1,456
Long-Term Investments	-	-	-	-	-	0.5
Goodwill	-	-	1.04	1.04	1.04	1.04
Other Intangible Assets	158.04	159.57	161.45	162.75	126.17	99.04
Long-Term Accounts Receivable	-	-	14.05	15.68	28.03	30.21
Long-Term Deferred Tax Assets	87.05	86.7	90.98	39.15	90.98	43.08
Long-Term Deferred Charges	233.72	239.34	204.01	171.12	122.48	102.89
Other Long-Term Assets	96.08	49.48	272.57	76.69	70.36	111.58
Total Assets	7,623	7,595	7,128	5,697	4,923	3,392
Accounts Payable	1,786	1,899	1,735	1,366	1,586	846.72
Accrued Expenses	85.39	78.57	102.16	80.02	86.5	83.47
Short-Term Debt	977.91	874.5	750.78	333.21	576.34	569.21
Current Portion of Long-Term Debt	795.84	728.54	323.62	147.78	73.39	52.64
Current Portion of Leases	-	-	15.17	14.76	38.78	55.49
Current Income Taxes Payable	41.16	35.48	-	4.63	0.05	0.05
Current Unearned Revenue	46.01	65.11	22.62	8.65	13.4	7.84
Other Current Liabilities	28.37	24.24	5.23	4.69	5.26	4
Total Current Liabilities	3,761	3,705	2,955	1,960	2,380	1,619
Long-Term Debt	1,087	1,059	824.57	234.57	685.39	192.45
Long-Term Leases	111.82	117	113.83	102.44	125.82	109.86
Long-Term Unearned Revenue	213.07	204.55	150.04	131.31	120.67	110.29
Long-Term Deferred Tax Liabilities	1.92	1.99	2.56	1.98	56.82	30.43
Total Liabilities	5,175	5,088	4,046	2,430	3,369	2,062
Common Stock	210.6	210.6	210.6	210.6	157.6	157.6
Additional Paid-In Capital	2,584	2,584	2,584	2,584	1,060	1,060
Retained Earnings	-340.92	-287.39	279.31	468.41	332.54	108.62
Comprehensive Income & Other	-11.89	-5.95	4.07	-	-	-
Total Common Equity	2,442	2,501	3,078	3,263	1,550	1,326
Minority Interest	6.18	6.33	4.57	4.3	4.33	3.95
Shareholders' Equity	2,448	2,508	3,082	3,267	1,554	1,330
Total Liabilities & Equity	7,623	7,595	7,128	5,697	4,923	3,392
Total Debt	2,973	2,779	2,028	832.76	1,500	979.66
Net Cash (Debt)	-2,470	-2,263	-1,488	-107.15	-926.53	-765.47
Net Cash Per Share	-11.64	-10.75	-7.07	-0.56	-5.88	-4.86
Filing Date Shares Outstanding	214.13	210.81	210.6	210.6	157.6	157.6
Total Common Shares Outstanding	214.13	210.81	210.6	210.6	157.6	157.6
Working Capital	-915.02	-847.88	-231.55	330.6	-130.7	-71.46
Book Value Per Share	11.40	11.86	14.61	15.49	9.83	8.41
Tangible Book Value	2,284	2,342	2,915	3,099	1,423	1,226
Tangible Book Value Per Share	10.67	11.11	13.84	14.72	9.03	7.78
Land	-	-	5.89	-	-	-
Buildings	-	-	1,469	957.83	561.1	552.63
Machinery	-	-	3,340	2,725	2,062	1,484
Construction In Progress	-	-	160.18	322.25	419.39	104.21

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