SHE:301308 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	4,149	1,478	1,025	1,219	1,917	608.68
Trading Asset Securities	131.89	35.62	162.32	-	561.88	-
Cash & Short-Term Investments	4,281	1,514	1,187	1,219	2,479	608.68
Cash Growth	271.92%	27.51%	-2.60%	-50.83%	307.28%	-61.60%
Accounts Receivable	2,835	2,045	1,672	1,345	913.72	615.64
Other Receivables	556.29	262.32	68.4	19.97	4.43	6.35
Receivables	3,392	2,313	1,746	1,368	918.15	621.99
Inventory	17,961	11,678	7,833	5,893	3,744	3,592
Prepaid Expenses	-	30.71	57.41	37.76	17.03	0.54
Other Current Assets	4,138	1,072	859.18	547.29	178.04	138.82
Total Current Assets	29,772	16,608	11,683	9,065	7,336	4,963
Property, Plant & Equipment	2,851	2,661	2,423	2,019	644.7	480.58
Long-Term Investments	888.66	941.67	750.08	419.04	382.62	286.91
Goodwill	906.44	820.18	793.98	868.66	-	-
Other Intangible Assets	411.42	430.62	424.2	465.04	284.02	279.16
Long-Term Deferred Tax Assets	392.72	503.64	537.63	446.49	177.08	77.39
Long-Term Deferred Charges	171.04	136.38	109.5	80.43	9.73	4.07
Other Long-Term Assets	552.87	634.13	155.63	302.06	129.13	64.6
Total Assets	35,946	22,751	16,897	13,680	8,964	6,155
Accounts Payable	2,801	2,017	1,141	1,147	662.5	693.57
Accrued Expenses	201.64	527.89	280.12	167.05	48.64	92.94
Short-Term Debt	6,212	5,245	3,696	2,916	1,075	725.93
Current Portion of Long-Term Debt	1,101	867.72	1,466	254.71	-	-
Current Portion of Leases	-	25.32	22.33	16.35	6.89	15.31
Current Income Taxes Payable	909.02	119.34	129.43	5.42	149.9	125.66
Current Unearned Revenue	2,217	354.64	94.8	65.84	15.61	38.28
Other Current Liabilities	412.89	567.16	393.37	360.55	38.66	35.3
Total Current Liabilities	13,854	9,724	7,223	4,933	1,997	1,727
Long-Term Debt	9,431	4,377	2,517	2,092	250.23	-
Long-Term Leases	45.03	51.23	64.42	68.2	4.79	4.87
Long-Term Unearned Revenue	31.73	35.26	20.65	14.58	4.36	5.23
Long-Term Deferred Tax Liabilities	147.47	161.36	135.16	99.97	52.06	31.25
Other Long-Term Liabilities	53.47	40.27	36.87	22.05	16.17	13.29
Total Liabilities	23,563	14,389	9,997	7,230	2,325	1,782
Common Stock	419.15	419.15	415.98	412.86	412.86	370.86
Additional Paid-In Capital	4,743	4,294	4,416	4,078	3,879	1,736
Retained Earnings	7,062	3,200	1,777	1,382	2,210	2,335
Comprehensive Income & Other	-40.38	-58.61	-140.73	148.59	137.01	-68.53
Total Common Equity	12,184	7,854	6,467	6,021	6,639	4,374
Minority Interest	198.97	507.37	432.02	428.28	-	-
Shareholders' Equity	12,383	8,362	6,900	6,449	6,639	4,374
Total Liabilities & Equity	35,946	22,751	16,897	13,680	8,964	6,155
Total Debt	16,789	10,566	7,766	5,348	1,337	746.1
Net Cash (Debt)	-12,508	-9,052	-6,579	-4,129	1,142	-137.42
Net Cash Per Share	-29.69	-21.50	-15.83	-10.00	2.98	-0.37
Filing Date Shares Outstanding	419.15	419.15	415.98	412.86	412.86	370.86
Total Common Shares Outstanding	419.15	419.15	415.98	412.86	412.86	370.86
Working Capital	15,918	6,885	4,460	4,132	5,339	3,236
Book Value Per Share	29.07	18.74	15.55	14.58	16.08	11.79
Tangible Book Value	10,866	6,603	5,249	4,687	6,355	4,094
Tangible Book Value Per Share	25.93	15.75	12.62	11.35	15.39	11.04
Buildings	-	1,301	969.67	562.96	354.45	351.65
Machinery	-	1,919	1,489	1,136	256.53	162.18
Construction In Progress	-	58.77	266.25	422.95	123.03	13.62

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