SHE:001288 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	Jan '22 Jan 1, 2022
Cash & Equivalents	1,695	1,370	1,445	891.39	817.76
Trading Asset Securities	6.27	130	40.05	-	149.7
Cash & Short-Term Investments	1,701	1,500	1,486	891.39	967.46
Cash Growth	13.46%	0.95%	66.65%	-7.86%	138.36%
Accounts Receivable	1,473	1,494	1,161	1,064	926.34
Other Receivables	30.02	244.75	75.39	26.96	14.3
Receivables	1,503	1,739	1,236	1,091	940.65
Inventory	431.62	325.24	182	86.09	56.47
Other Current Assets	495.6	353.55	22.09	22.35	12.29
Total Current Assets	4,132	3,917	2,926	2,091	1,977
Property, Plant & Equipment	760.05	526.55	333.65	261.39	156.98
Long-Term Investments	165.72	-	182.3	175.42	180.87
Goodwill	113.52	126.74	-	-	-
Other Intangible Assets	135.04	124.53	54.19	39.23	39.15
Long-Term Deferred Tax Assets	52.93	54.42	42.52	38.94	29.27
Long-Term Deferred Charges	18.97	24.55	0.71	1.12	-
Other Long-Term Assets	295.72	138.33	1.51	14.17	1.08
Total Assets	5,674	4,912	3,540	2,621	2,384
Accounts Payable	1,051	1,297	670.94	592.57	458.78
Accrued Expenses	43.67	53.31	27.53	34.75	27.14
Short-Term Debt	65.03	31.03	-	-	20
Current Portion of Long-Term Debt	248.92	88.03	-	-	-
Current Portion of Leases	-	7.89	3.43	4.5	-
Current Income Taxes Payable	47.48	38.97	10.17	13.21	11.9
Current Unearned Revenue	117.51	179.86	108.38	79.32	52.23
Other Current Liabilities	56.77	63.4	15.27	13	9.17
Total Current Liabilities	1,630	1,759	835.72	737.34	579.22
Long-Term Debt	1,444	767.14	555.71	-	-
Long-Term Leases	21.36	24.27	0.45	4.19	-
Long-Term Unearned Revenue	69.6	22.64	21.93	15.68	13.42
Long-Term Deferred Tax Liabilities	6.14	36.34	51.86	22.33	21.59
Other Long-Term Liabilities	3.02	-	-	-	-
Total Liabilities	3,175	2,610	1,466	779.54	614.23
Common Stock	234.88	166.87	160	160	160
Additional Paid-In Capital	707.57	791.52	689.33	688.71	690.31
Retained Earnings	1,335	1,181	939.78	853.49	783.23
Treasury Stock	-17.4	-91.86	-	-	-
Comprehensive Income & Other	127.49	145.18	285.72	133.18	136.45
Total Common Equity	2,387	2,193	2,075	1,835	1,770
Minority Interest	111.29	110.13	-	6.09	-
Shareholders' Equity	2,499	2,303	2,075	1,841	1,770
Total Liabilities & Equity	5,674	4,912	3,540	2,621	2,384
Total Debt	1,780	918.36	559.59	8.68	20
Net Cash (Debt)	-78.31	581.25	925.95	882.71	947.46
Net Cash Growth	-	-37.23%	4.90%	-6.83%	177.94%
Net Cash Per Share	-0.30	2.51	4.14	3.95	5.32
Filing Date Shares Outstanding	336.17	230.18	224	224	224
Total Common Shares Outstanding	336.17	230.18	224	224	224
Working Capital	2,501	2,158	2,090	1,353	1,398
Book Value Per Share	7.10	9.53	9.26	8.19	7.90
Tangible Book Value	2,139	1,942	2,021	1,796	1,731
Tangible Book Value Per Share	6.36	8.43	9.02	8.02	7.73
Buildings	-	431.47	260.02	240.06	240.06
Machinery	-	267.48	121.94	85.09	81.73
Construction In Progress	-	59.63	138.21	101.34	0.25

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