SHE:301310 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	645.7	726.55	721.09	534.55	591.02	292.66
Short-Term Investments	-	35.86	46.15	689.15	-	-
Trading Asset Securities	141.03	236.56	331.13	110.7	0.4	0.77
Cash & Short-Term Investments	786.74	998.98	1,098	1,334	591.42	293.43
Cash Growth	15.14%	-9.05%	-17.69%	125.63%	101.56%	106.36%
Accounts Receivable	2,924	2,466	1,830	1,193	1,074	745.84
Other Receivables	2.04	1.57	0.99	0.44	0.55	0.32
Receivables	2,926	2,467	1,831	1,193	1,075	746.16
Inventory	689.49	528.74	341.97	197.78	279.76	151.12
Other Current Assets	89.43	75.61	25.01	9.55	9.74	3.38
Total Current Assets	4,492	4,071	3,296	2,735	1,956	1,194
Property, Plant & Equipment	815.96	805.8	660.85	417.43	275.61	178.72
Long-Term Investments	96.94	82.06	56.41	29.46	-	-
Goodwill	165	165	23.27	23.27	-	-
Other Intangible Assets	187.5	190.46	149.81	153.99	55.12	43.38
Long-Term Accounts Receivable	-	-	0.46	0.74	-	-
Long-Term Deferred Tax Assets	37.04	36.2	26.17	13.16	14.06	9.74
Long-Term Deferred Charges	2.31	3.15	3.16	1.81	-	-
Other Long-Term Assets	32.93	25.52	35.8	8.23	8.91	3.46
Total Assets	5,829	5,379	4,252	3,383	2,310	1,429
Accounts Payable	2,031	1,858	1,661	996.97	1,438	669.43
Accrued Expenses	11.63	26.41	16.58	16.86	9.86	17.98
Short-Term Debt	639.65	517.69	82.17	23	65.33	95.75
Current Portion of Long-Term Debt	150.59	144.35	0.03	10.01	33.94	3.61
Current Portion of Leases	-	1.14	1.22	1.96	1.69	0.69
Current Income Taxes Payable	9.42	6.17	4.15	6.54	7.33	3.73
Current Unearned Revenue	30.23	15.79	2.46	1.81	1.32	2.57
Other Current Liabilities	218.59	164.37	150.92	63	69.1	114.73
Total Current Liabilities	3,091	2,734	1,918	1,120	1,627	908.49
Long-Term Debt	244.18	186.18	40	-	33.08	32.52
Long-Term Leases	0.53	0.31	1.02	1.62	2.32	1.22
Long-Term Unearned Revenue	5.59	5.77	4.76	4.6	12.8	2.2
Long-Term Deferred Tax Liabilities	15.49	16.53	8.42	9.56	1.63	0.12
Total Liabilities	3,357	2,943	1,972	1,136	1,677	944.54
Common Stock	136.55	136.55	135.94	97.1	72.82	72.82
Additional Paid-In Capital	1,705	1,705	1,686	1,720	246.59	243.33
Retained Earnings	545.07	508.11	457.01	430.09	313.48	168.69
Treasury Stock	-20.05	-20.05	-	-	-	-
Comprehensive Income & Other	0.96	0.96	-	-	-	-
Total Common Equity	2,367	2,330	2,279	2,247	632.89	484.85
Minority Interest	105.39	105.68	-	-	-	-
Shareholders' Equity	2,473	2,436	2,279	2,247	632.89	484.85
Total Liabilities & Equity	5,829	5,379	4,252	3,383	2,310	1,429
Total Debt	1,035	849.66	124.44	36.59	136.36	133.79
Net Cash (Debt)	-248.22	149.31	973.93	1,298	455.06	159.64
Net Cash Growth	-	-84.67%	-24.96%	185.20%	185.05%	113.18%
Net Cash Per Share	-1.81	1.09	7.16	10.68	4.46	1.57
Filing Date Shares Outstanding	136.56	136.01	135.94	135.94	101.95	101.96
Total Common Shares Outstanding	136.56	136.01	135.94	135.94	101.95	101.96
Working Capital	1,401	1,337	1,378	1,615	329.03	285.6
Book Value Per Share	17.34	17.13	16.77	16.53	6.21	4.76
Tangible Book Value	2,015	1,975	2,106	2,070	577.77	441.47
Tangible Book Value Per Share	14.75	14.52	15.49	15.22	5.67	4.33
Buildings	-	437.98	379.55	174.68	126.82	56.68
Machinery	-	354.36	242.92	196.75	92.38	63.42
Construction In Progress	-	202.27	154.81	135.88	84.51	89.33

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