SHE:000048 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	FY 2021
Period Ending	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	-	874.06	1,107	2,145	3,527
Trading Asset Securities	-	50	-	25	-
Cash & Short-Term Investments	644.68	924.06	1,107	2,170	3,527
Cash Growth	-30.23%	-16.50%	-49.01%	-38.46%	-1.96%
Accounts Receivable	-	52.06	32.67	40.07	56.45
Other Receivables	-	18.94	40.56	77.51	70.21
Receivables	-	71	73.22	117.58	126.66
Inventory	-	1,719	2,873	6,095	4,299
Prepaid Expenses	-	0.31	0.9	11.74	16.64
Other Current Assets	-	186.87	180.26	989.15	648.31
Total Current Assets	-	2,901	4,234	9,384	8,617
Property, Plant & Equipment	-	6,238	6,882	6,057	5,127
Long-Term Investments	-	1.5	15.49	16.93	17.98
Other Intangible Assets	-	42.92	46.66	47.87	49.65
Long-Term Deferred Tax Assets	-	813.5	858.89	1,483	819.75
Long-Term Deferred Charges	-	88.06	26.42	24.82	22.31
Other Long-Term Assets	-	864.89	64.35	522.89	178.89
Total Assets	-	10,950	12,128	17,536	14,833
Accounts Payable	-	667.17	531.02	1,505	672.2
Accrued Expenses	-	156.42	187.92	202.9	145.1
Short-Term Debt	-	494.72	433.85	276.47	113.61
Current Portion of Long-Term Debt	-	664.98	651.83	270.18	282.92
Current Portion of Leases	-	22.58	23.13	13.33	14.42
Current Income Taxes Payable	-	14.8	383.6	809.05	136.83
Current Unearned Revenue	-	35.81	517.62	6,890	6,094
Other Current Liabilities	-	3,520	3,853	3,595	3,526
Total Current Liabilities	-	5,576	6,582	13,561	10,985
Long-Term Debt	-	891.07	1,474	1,157	1,109
Long-Term Leases	-	97.08	108.26	56.58	65.75
Long-Term Unearned Revenue	-	10.64	12.46	18.67	20.66
Long-Term Deferred Tax Liabilities	-	20.21	41.19	78.67	90.59
Other Long-Term Liabilities	-	2.45	2.45	2	2
Total Liabilities	-	6,598	8,221	14,874	12,273
Common Stock	-	530.28	530.57	523.24	523.24
Additional Paid-In Capital	-	155.18	120.55	42.17	42.17
Retained Earnings	-	3,806	3,289	2,066	1,973
Treasury Stock	-	-189.37	-78.36	-	-
Comprehensive Income & Other	-	-10.05	-9.27	-8.76	-5.94
Total Common Equity	4,225	4,292	3,853	2,623	2,533
Minority Interest	-	60.38	54.32	39.59	26.36
Shareholders' Equity	4,280	4,352	3,907	2,662	2,559
Total Liabilities & Equity	-	10,950	12,128	17,536	14,833
Total Debt	1,972	2,170	2,691	1,773	1,586
Net Cash (Debt)	-1,327	-1,246	-1,585	397.23	1,941
Net Cash Growth	-	-	-	-79.54%	-27.91%
Net Cash Per Share	-2.57	-2.40	-3.02	0.76	3.71
Filing Date Shares Outstanding	481.33	518.97	530.57	523.24	523.24
Total Common Shares Outstanding	481.33	518.97	530.57	523.24	523.24
Working Capital	-	-2,675	-2,348	-4,177	-2,368
Book Value Per Share	8.14	8.27	7.26	5.01	4.84
Tangible Book Value	4,184	4,249	3,806	2,575	2,483
Tangible Book Value Per Share	8.06	8.19	7.17	4.92	4.75
Buildings	-	4,932	5,121	3,830	2,446
Machinery	-	1,842	1,801	1,471	956.48
Construction In Progress	-	113.76	176.17	558.75	1,185

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.