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	-	847.14	1,106	384.56	213.74	272.25
Short-Term Investments	-	-	-	-	-	12.59
Trading Asset Securities	-	2.2	-	0.75	-	-
Cash & Short-Term Investments	849.35	849.35	1,106	385.31	213.74	284.84
Cash Growth	-27.81%	-23.21%	187.04%	80.27%	-24.96%	-13.06%
Accounts Receivable	-	125.78	169.17	105.9	86.47	143.83
Other Receivables	-	387.44	245.06	293.52	262.95	223.88
Receivables	-	513.23	414.22	399.42	349.42	367.7
Inventory	-	4,973	4,123	3,288	2,083	2,002
Other Current Assets	-	350.39	228	310.98	151.39	160.17
Total Current Assets	-	6,686	5,872	4,383	2,798	2,814
Property, Plant & Equipment	-	6,228	6,224	5,737	4,246	2,480
Long-Term Investments	-	28.48	51.82	51.09	52.86	51.91
Other Intangible Assets	-	391.2	389.12	398.52	350.49	237.45
Long-Term Accounts Receivable	-	-	-	-	-	7.25
Long-Term Deferred Tax Assets	-	21.83	22.43	13.5	12.84	7.69
Long-Term Deferred Charges	-	3.07	4.78	4.88	8.08	10.65
Other Long-Term Assets	-	25.75	13.46	16.74	121.48	212.93
Total Assets	-	13,385	12,577	10,606	7,589	5,822
Accounts Payable	-	1,672	1,915	60.73	274.63	325.57
Accrued Expenses	-	103.81	90.7	101.93	70.95	68.75
Short-Term Debt	-	3,715	3,078	2,430	1,990	1,298
Current Portion of Long-Term Debt	-	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	-	0.09	0.36	0.41	8.83	0.41
Current Unearned Revenue	-	75.52	40.57	6.09	17.23	19.98
Other Current Liabilities	-	123.82	56.14	1,080	837.74	507.63
Total Current Liabilities	-	6,676	5,724	3,871	3,354	2,313
Long-Term Debt	-	1,573	1,946	2,087	629.79	-
Long-Term Leases	-	43.14	97.28	22.23	65.7	226.28
Long-Term Unearned Revenue	-	71.8	59.69	58.98	57.93	61.78
Long-Term Deferred Tax Liabilities	-	2.83	3.09	3.39	3.34	-
Total Liabilities	-	8,367	7,831	6,043	4,110	2,601
Common Stock	-	561.95	402.1	400.01	360	360
Additional Paid-In Capital	-	1,489	1,652	1,633	783.51	937.09
Retained Earnings	-	2,616	2,381	2,252	2,072	1,860
Treasury Stock	-	-11.68	-17.79	-	-	-
Comprehensive Income & Other	-	116.85	100.7	95.97	93.47	68.48
Total Common Equity	4,772	4,772	4,517	4,382	3,309	3,225
Minority Interest	-	245.5	228.72	181.08	169.24	-4.67
Shareholders' Equity	5,018	5,018	4,746	4,563	3,478	3,221
Total Liabilities & Equity	-	13,385	12,577	10,606	7,589	5,822
Total Debt	6,317	6,317	5,665	4,731	2,840	1,617
Net Cash (Debt)	-5,468	-5,468	-4,559	-4,346	-2,626	-1,332
Net Cash Per Share	-9.77	-9.76	-8.13	-8.39	-5.21	-2.64
Filing Date Shares Outstanding	560.04	561.95	562.94	560.01	504	504.02
Total Common Shares Outstanding	560.04	561.95	562.94	560.01	504	504.02
Working Capital	-	10.71	147.16	511.85	-556.04	501.16
Book Value Per Share	8.49	8.49	8.02	7.82	6.57	6.40
Tangible Book Value	4,381	4,381	4,128	3,983	2,959	2,988
Tangible Book Value Per Share	7.80	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.