SHE:301358 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	6,733	2,337	1,491	1,889	1,045	488.02
Cash & Short-Term Investments	6,733	2,337	1,491	1,889	1,045	488.02
Cash Growth	463.15%	56.69%	-21.04%	80.71%	114.19%	-9.12%
Accounts Receivable	15,974	12,548	9,230	9,253	10,434	3,082
Other Receivables	192.11	299.78	280.88	213.77	222.49	83.86
Receivables	16,166	12,848	9,511	9,467	10,657	3,166
Inventory	5,112	3,629	2,798	1,325	4,971	899.22
Other Current Assets	2,288	2,044	1,654	1,495	1,408	736.1
Total Current Assets	30,298	20,857	15,455	14,176	18,082	5,289
Property, Plant & Equipment	16,950	16,389	13,519	11,392	7,477	3,062
Long-Term Investments	182.21	31.79	29.76	41.43	37.2	-
Goodwill	180.24	180.24	180.24	180.24	180.24	180.24
Other Intangible Assets	1,164	1,170	999.25	896.18	550.58	167.41
Long-Term Deferred Tax Assets	281.99	257.66	130	103.33	107.62	26.81
Long-Term Deferred Charges	3.36	2.9	3.68	-	-	-
Other Long-Term Assets	211.53	203.3	25.39	5.43	-	-
Total Assets	49,271	39,092	30,342	26,795	26,434	8,726
Accounts Payable	14,156	11,578	9,970	9,357	11,392	2,482
Accrued Expenses	168.65	263.09	230.46	248.99	377.3	131.05
Short-Term Debt	4,147	4,730	2,455	900.23	2,466	1,193
Current Portion of Long-Term Debt	2,446	1,876	1,320	1,111	584.76	116.15
Current Income Taxes Payable	473.01	156.29	30	32.27	248.1	156.19
Current Unearned Revenue	31.73	18.67	19.41	453.39	1,098	724.03
Other Current Liabilities	2,083	1,796	662.49	366.22	581.87	312.37
Total Current Liabilities	23,506	20,418	14,687	12,469	16,748	5,114
Long-Term Debt	6,230	5,339	3,756	2,601	3,271	273.24
Long-Term Leases	3.14	3.12	3.02	-	-	-
Long-Term Unearned Revenue	386.41	379.3	232.81	255.31	38.21	12.72
Long-Term Deferred Tax Liabilities	10.5	8.79	2.72	3.72	4.8	5.9
Other Long-Term Liabilities	31.71	-	-	150.09	657.46	613
Total Liabilities	30,168	26,149	18,682	15,479	20,720	6,019
Common Stock	843.34	760.8	757.25	757.25	567.94	567.94
Additional Paid-In Capital	9,911	5,230	5,080	5,026	926.35	926.35
Retained Earnings	8,290	6,934	5,776	5,499	4,220	1,212
Comprehensive Income & Other	-6.32	-42.53	-6.98	0.7	-	-
Total Common Equity	19,038	12,883	11,606	11,282	5,714	2,707
Minority Interest	65.19	60.63	54.36	33.36	0.48	-
Shareholders' Equity	19,103	12,943	11,661	11,316	5,714	2,707
Total Liabilities & Equity	49,271	39,092	30,342	26,795	26,434	8,726
Total Debt	12,826	11,949	7,534	4,612	6,322	1,582
Net Cash (Debt)	-6,094	-9,612	-6,042	-2,723	-5,277	-1,094
Net Cash Per Share	-8.07	-12.64	-7.94	-3.76	-9.28	-1.92
Filing Date Shares Outstanding	843.34	760.8	757.25	757.25	757.25	567.94
Total Common Shares Outstanding	843.34	760.8	757.25	757.25	567.94	567.94
Working Capital	6,792	439.01	767.42	1,707	1,333	174.91
Book Value Per Share	22.57	16.93	15.33	14.90	10.06	4.77
Tangible Book Value	17,694	11,533	10,427	10,206	4,983	2,359
Tangible Book Value Per Share	20.98	15.16	13.77	13.48	8.77	4.15
Buildings	-	6,414	4,898	3,830	2,139	640.43
Machinery	-	14,072	10,850	8,815	5,163	2,239
Construction In Progress	-	1,457	1,225	659.23	1,035	492.28

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