SHE:002008 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	Jan '22 Jan 1, 2022
Cash & Equivalents	10,555	8,013	8,237	10,756	9,616	5,995
Short-Term Investments	-	10.7	15.01	-	-	-
Cash & Short-Term Investments	10,555	8,024	8,252	10,756	9,616	5,995
Cash Growth	16.99%	-2.76%	-23.28%	11.86%	60.40%	22.18%
Accounts Receivable	11,319	11,558	10,147	9,089	9,080	7,551
Other Receivables	150.57	150.39	203.64	114.82	115.73	103.64
Receivables	11,469	11,709	10,351	9,204	9,195	7,655
Inventory	6,470	5,222	3,961	4,393	4,577	5,015
Prepaid Expenses	-	11.28	11.45	14.87	10.9	17.27
Other Current Assets	2,083	606.43	444.73	294.29	250.68	232.09
Total Current Assets	30,578	25,572	23,020	24,663	23,650	18,914
Property, Plant & Equipment	6,724	6,716	6,408	5,122	4,090	3,870
Long-Term Investments	1,921	1,902	1,091	964.17	1,006	1,453
Goodwill	93.68	93.68	195.05	316.26	207.64	238.21
Other Intangible Assets	1,625	1,646	1,621	1,687	1,307	1,163
Long-Term Accounts Receivable	257.06	419.01	13.96	178.15	34.74	-
Long-Term Deferred Tax Assets	706.26	708.35	676.99	634.53	580.16	473.81
Long-Term Deferred Charges	222.29	233.14	301.35	239.16	345.96	287.42
Other Long-Term Assets	995.36	957.82	898.81	395.68	826.96	782.13
Total Assets	43,123	38,248	34,227	34,200	32,049	27,181
Accounts Payable	10,657	10,073	7,835	6,790	6,347	6,587
Accrued Expenses	1,187	1,873	1,448	1,523	1,634	1,632
Short-Term Debt	610.36	910.72	1,634	980.22	1,341	893.76
Current Portion of Long-Term Debt	1,119	1,110	240.34	3,697	25.44	850.29
Current Portion of Leases	-	76.81	72.06	86.58	101.77	108.37
Current Income Taxes Payable	253.57	129.23	43.24	21.59	147.61	248.06
Current Unearned Revenue	1,430	1,107	850.41	1,056	1,003	968.95
Other Current Liabilities	775.52	908.97	614.15	815.77	990.65	613.4
Total Current Liabilities	16,033	16,190	12,738	14,971	11,591	11,903
Long-Term Debt	2,352	2,635	3,237	2,123	4,175	2,683
Long-Term Leases	186.4	176.04	158.86	175.31	169.75	222.01
Long-Term Unearned Revenue	64.33	66.69	91.46	112.76	136.13	149.56
Long-Term Deferred Tax Liabilities	25.07	75.23	78.99	48.23	77.29	45.36
Other Long-Term Liabilities	181.2	179.85	425.42	390.12	387.35	121.6
Total Liabilities	18,842	19,322	16,730	17,820	16,536	15,124
Common Stock	1,030	1,030	1,052	1,052	1,052	1,067
Additional Paid-In Capital	6,229	3,307	3,488	2,926	2,733	1,038
Retained Earnings	13,572	13,218	12,388	10,903	10,293	9,315
Treasury Stock	-	-	-250.15	-	-	-490
Comprehensive Income & Other	-162.06	-271.78	-539.78	119.93	121.9	689.97
Total Common Equity	20,668	17,283	16,139	15,000	14,200	11,620
Minority Interest	3,613	1,643	1,359	1,380	1,312	436.6
Shareholders' Equity	24,281	18,926	17,498	16,380	15,512	12,056
Total Liabilities & Equity	43,123	38,248	34,227	34,200	32,049	27,181
Total Debt	4,268	4,909	5,343	7,062	5,813	4,757
Net Cash (Debt)	6,287	3,115	2,909	3,694	3,803	1,238
Net Cash Growth	252.15%	7.08%	-21.25%	-2.85%	207.28%	-7.34%
Net Cash Per Share	6.05	3.01	2.78	3.51	3.60	1.17
Filing Date Shares Outstanding	1,030	1,030	1,040	1,052	1,052	1,052
Total Common Shares Outstanding	1,030	1,030	1,040	1,052	1,052	1,052
Working Capital	14,545	9,382	10,283	9,692	12,058	7,011
Book Value Per Share	20.07	16.79	15.52	14.26	13.50	11.05
Tangible Book Value	18,949	15,544	14,322	12,997	12,685	10,219
Tangible Book Value Per Share	18.40	15.10	13.77	12.35	12.06	9.72
Buildings	-	6,220	4,383	3,952	3,286	3,323
Machinery	-	2,143	1,681	1,616	1,514	1,315
Construction In Progress	-	197.08	1,984	940.76	327.35	12.57

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