SHE:301638 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
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	5,777	6,156	5,645	4,889	253.62
Trading Asset Securities	-	2,322	-	-	-
Cash & Short-Term Investments	5,777	8,478	5,645	4,889	253.62
Cash Growth	2177.84%	50.18%	15.48%	1827.56%	-
Accounts Receivable	1,670	1,750	1,779	2,199	2,175
Other Receivables	34.54	253.97	140.6	108.58	2,376
Receivables	1,705	2,004	1,920	2,307	4,550
Inventory	2,242	1,945	1,963	1,941	1,269
Other Current Assets	2,314	35.4	61.7	74.58	42.73
Total Current Assets	12,037	12,462	9,590	9,212	6,116
Property, Plant & Equipment	2,395	2,356	1,612	910.29	945.25
Long-Term Investments	504.27	491.74	467.44	430.05	428.47
Other Intangible Assets	204.71	205.43	148.47	129.11	79.87
Long-Term Accounts Receivable	-	15.56	37.41	21.51	11.27
Long-Term Deferred Tax Assets	46.16	51.38	80.09	70.98	61.07
Long-Term Deferred Charges	21.15	23.45	32.1	25.59	27.08
Other Long-Term Assets	33.32	0.18	8.84	18.93	24.91
Total Assets	15,242	15,606	11,976	10,818	7,694
Accounts Payable	1,590	1,975	1,822	1,484	1,407
Accrued Expenses	78.63	160.28	179.31	164.7	115.65
Short-Term Debt	-	-	-	-	391.03
Current Portion of Leases	-	71.78	63.88	64.93	50.52
Current Income Taxes Payable	70.86	13.14	44.81	60.41	58.03
Current Unearned Revenue	1,639	1,624	1,380	1,212	989.48
Other Current Liabilities	281.15	364.81	350.6	302.39	466.06
Total Current Liabilities	3,738	4,209	3,841	3,289	3,478
Long-Term Leases	205.89	189.86	135.41	102.91	170.11
Long-Term Unearned Revenue	26.57	19.6	1.37	2.53	4.31
Long-Term Deferred Tax Liabilities	33.48	31.56	27.23	25.68	25.3
Other Long-Term Liabilities	7.25	7.38	19.73	23.24	12.25
Total Liabilities	4,012	4,457	4,025	3,443	3,690
Common Stock	3,180	3,180	2,703	2,703	2,000
Additional Paid-In Capital	5,659	5,659	3,495	3,500	514.31
Retained Earnings	2,334	2,257	1,717	1,147	1,448
Comprehensive Income & Other	47.98	42.45	29.83	25.46	41.77
Total Common Equity	11,221	11,138	7,944	7,375	4,004
Minority Interest	9.24	10	7.15	-	-
Shareholders' Equity	11,230	11,148	7,951	7,375	4,004
Total Liabilities & Equity	15,242	15,606	11,976	10,818	7,694
Total Debt	284.67	261.64	199.29	167.83	611.66
Net Cash (Debt)	5,492	8,216	5,446	4,721	-358.04
Net Cash Growth	-	50.87%	15.36%	-	-
Net Cash Per Share	1.92	3.00	2.01	2.06	-0.18
Filing Date Shares Outstanding	3,177	3,180	2,703	2,293	2,000
Total Common Shares Outstanding	3,177	3,180	2,703	2,293	2,000
Working Capital	8,299	8,253	5,749	5,923	2,638
Book Value Per Share	3.53	3.50	2.94	3.22	2.00
Tangible Book Value	11,016	10,933	7,796	7,246	3,924
Tangible Book Value Per Share	3.47	3.44	2.88	3.16	1.96
Buildings	-	166.07	15.83	15.49	10.96
Machinery	-	2,651	1,629	1,332	1,073
Construction In Progress	-	393.59	610.39	60.17	137.73

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