SHE:301638 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	6,156	5,645	4,889	253.62
Trading Asset Securities	2,322	-	-	-
Cash & Short-Term Investments	8,478	5,645	4,889	253.62
Cash Growth	50.18%	15.48%	1827.56%	-
Accounts Receivable	1,750	1,779	2,199	2,175
Other Receivables	253.97	140.6	108.58	2,376
Receivables	2,004	1,920	2,307	4,550
Inventory	1,945	1,963	1,941	1,269
Other Current Assets	35.4	61.7	74.58	42.73
Total Current Assets	12,462	9,590	9,212	6,116
Property, Plant & Equipment	2,356	1,612	910.29	945.25
Long-Term Investments	491.74	467.44	430.05	428.47
Other Intangible Assets	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	51.38	80.09	70.98	61.07
Long-Term Deferred Charges	23.45	32.1	25.59	27.08
Other Long-Term Assets	0.18	8.84	18.93	24.91
Total Assets	15,606	11,976	10,818	7,694
Accounts Payable	1,975	1,822	1,484	1,407
Accrued Expenses	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	13.14	44.81	60.41	58.03
Current Unearned Revenue	1,624	1,380	1,212	989.48
Other Current Liabilities	364.81	350.6	302.39	466.06
Total Current Liabilities	4,209	3,841	3,289	3,478
Long-Term Leases	189.86	135.41	102.91	170.11
Long-Term Unearned Revenue	19.6	1.37	2.53	4.31
Long-Term Deferred Tax Liabilities	31.56	27.23	25.68	25.3
Other Long-Term Liabilities	7.38	19.73	23.24	12.25
Total Liabilities	4,457	4,025	3,443	3,690
Common Stock	3,180	2,703	2,703	2,000
Additional Paid-In Capital	5,659	3,495	3,500	514.31
Retained Earnings	2,257	1,717	1,147	1,448
Comprehensive Income & Other	42.45	29.83	25.46	41.77
Total Common Equity	11,138	7,944	7,375	4,004
Minority Interest	10	7.15	-	-
Shareholders' Equity	11,148	7,951	7,375	4,004
Total Liabilities & Equity	15,606	11,976	10,818	7,694
Total Debt	261.64	199.29	167.83	611.66
Net Cash (Debt)	8,216	5,446	4,721	-358.04
Net Cash Growth	50.87%	15.36%	-	-
Net Cash Per Share	3.00	2.01	2.06	-0.18
Filing Date Shares Outstanding	3,180	2,703	2,293	2,000
Total Common Shares Outstanding	3,180	2,703	2,293	2,000
Working Capital	8,253	5,749	5,923	2,638
Book Value Per Share	3.50	2.94	3.22	2.00
Tangible Book Value	10,933	7,796	7,246	3,924
Tangible Book Value Per Share	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 Capital IQ. Standard template. Financial Sources.