SHE:301500 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	904.61	847.14	1,106	384.56	213.74	272.25
Short-Term Investments	-	-	-	-	-	12.59
Trading Asset Securities	27.97	2.2	-	0.75	-	-
Cash & Short-Term Investments	932.57	849.35	1,106	385.31	213.74	284.84
Cash Growth	-20.74%	-23.21%	187.04%	80.27%	-24.96%	-13.06%
Accounts Receivable	90.72	125.78	169.17	105.9	86.47	143.83
Other Receivables	122.26	387.44	245.06	293.52	262.95	223.88
Receivables	212.98	513.23	414.22	399.42	349.42	367.7
Inventory	5,575	4,973	4,123	3,288	2,083	2,002
Other Current Assets	716.31	350.39	228	310.98	151.39	160.17
Total Current Assets	7,436	6,686	5,872	4,383	2,798	2,814
Property, Plant & Equipment	6,182	6,228	6,224	5,737	4,246	2,480
Long-Term Investments	28.16	28.48	51.82	51.09	52.86	51.91
Other Intangible Assets	389.2	391.2	389.12	398.52	350.49	237.45
Long-Term Accounts Receivable	-	-	-	-	-	7.25
Long-Term Deferred Tax Assets	25.42	21.83	22.43	13.5	12.84	7.69
Long-Term Deferred Charges	2.61	3.07	4.78	4.88	8.08	10.65
Other Long-Term Assets	36.19	25.75	13.46	16.74	121.48	212.93
Total Assets	14,100	13,385	12,577	10,606	7,589	5,822
Accounts Payable	1,567	1,672	1,915	60.73	274.63	325.57
Accrued Expenses	38.44	103.81	90.7	101.93	70.95	68.75
Short-Term Debt	4,004	3,715	3,078	2,430	1,990	1,298
Current Portion of Long-Term Debt	1,042	961.57	521.85	190.41	120.86	-
Current Portion of Leases	-	23.7	21.98	1.82	33.52	93.32
Current Income Taxes Payable	27.24	0.09	0.36	0.41	8.83	0.41
Current Unearned Revenue	113.18	75.52	40.57	6.09	17.23	19.98
Other Current Liabilities	95.1	123.82	56.14	1,080	837.74	507.63
Total Current Liabilities	6,887	6,676	5,724	3,871	3,354	2,313
Long-Term Debt	1,692	1,573	1,946	2,087	629.79	-
Long-Term Leases	18.68	43.14	97.28	22.23	65.7	226.28
Long-Term Unearned Revenue	75.42	71.8	59.69	58.98	57.93	61.78
Long-Term Deferred Tax Liabilities	2.41	2.83	3.09	3.39	3.34	-
Total Liabilities	8,675	8,367	7,831	6,043	4,110	2,601
Common Stock	561.95	561.95	402.1	400.01	360	360
Additional Paid-In Capital	1,491	1,489	1,652	1,633	783.51	937.09
Retained Earnings	3,021	2,616	2,381	2,252	2,072	1,860
Treasury Stock	-11.68	-11.68	-17.79	-	-	-
Comprehensive Income & Other	125.48	116.85	100.7	95.97	93.47	68.48
Total Common Equity	5,188	4,772	4,517	4,382	3,309	3,225
Minority Interest	236.46	245.5	228.72	181.08	169.24	-4.67
Shareholders' Equity	5,424	5,018	4,746	4,563	3,478	3,221
Total Liabilities & Equity	14,100	13,385	12,577	10,606	7,589	5,822
Total Debt	6,756	6,317	5,665	4,731	2,840	1,617
Net Cash (Debt)	-5,824	-5,468	-4,559	-4,346	-2,626	-1,332
Net Cash Per Share	-10.41	-9.76	-8.13	-8.39	-5.21	-2.64
Filing Date Shares Outstanding	561.95	561.95	562.94	560.01	504	504.02
Total Common Shares Outstanding	561.95	561.95	562.94	560.01	504	504.02
Working Capital	549.72	10.71	147.16	511.85	-556.04	501.16
Book Value Per Share	9.23	8.49	8.02	7.82	6.57	6.40
Tangible Book Value	4,799	4,381	4,128	3,983	2,959	2,988
Tangible Book Value Per Share	8.54	7.80	7.33	7.11	5.87	5.93
Buildings	-	3,334	3,188	2,587	934.16	808.91
Machinery	-	3,628	3,024	1,501	993.08	859.89
Construction In Progress	-	606.98	893.1	2,207	2,703	1,070

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