SHE:002011 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	3,401	3,469	3,200	3,003	1,609	1,046
Trading Asset Securities	3.51	3.65	15.92	23.25	21.3	17.74
Cash & Short-Term Investments	3,404	3,472	3,216	3,026	1,631	1,064
Cash Growth	16.84%	7.96%	6.28%	85.57%	53.31%	-32.36%
Accounts Receivable	4,310	4,778	4,593	4,103	2,782	2,817
Other Receivables	106.85	96.12	128.49	298.23	664.17	876.32
Receivables	4,417	4,874	4,721	4,401	3,446	3,693
Inventory	1,840	1,335	1,660	1,279	1,262	1,476
Other Current Assets	137.58	113.79	91.93	78.08	135.82	110.71
Total Current Assets	9,798	9,795	9,690	8,784	6,474	6,344
Property, Plant & Equipment	1,353	1,334	1,258	1,243	1,158	1,229
Long-Term Investments	496.46	466.62	408.32	308.81	282.8	296.4
Goodwill	125.82	125.82	169.43	-	-	-
Other Intangible Assets	354.09	358.6	353.82	174.95	182.22	200.24
Long-Term Deferred Tax Assets	58.78	56.25	77.72	72.96	94.15	43.39
Long-Term Deferred Charges	27.85	29.1	27.66	21.89	18.67	16.96
Other Long-Term Assets	154.19	125.08	168.14	177.79	117.81	131.57
Total Assets	12,368	12,290	12,153	10,783	8,328	8,261
Accounts Payable	3,624	3,529	3,891	3,346	2,442	2,543
Accrued Expenses	309.88	382.27	567.62	495.54	411.1	239.12
Short-Term Debt	229.07	229.07	463.04	659.42	844.21	1,754
Current Portion of Long-Term Debt	16.32	14.19	603.32	329.99	-	120.48
Current Portion of Leases	-	-	63.25	58.64	52.4	74.89
Current Income Taxes Payable	97.02	177.24	46.98	66.45	36.24	18.55
Current Unearned Revenue	87.99	101.39	77.59	126.07	85.16	107.18
Other Current Liabilities	559.06	584.1	485.89	416.66	410.9	981.35
Total Current Liabilities	4,924	5,017	6,199	5,499	4,282	5,839
Long-Term Debt	484.5	484.5	305.5	700.72	250.36	501.03
Long-Term Leases	19.64	5.42	32.44	89.02	139.12	170.26
Long-Term Unearned Revenue	106.35	108.89	77.69	74.71	67.73	78.36
Long-Term Deferred Tax Liabilities	18.28	15.84	26.99	33.41	44.2	0.31
Other Long-Term Liabilities	-	-	-	-	-	36.22
Total Liabilities	5,553	5,631	6,642	6,397	4,784	6,626
Common Stock	1,074	1,075	1,065	1,057	1,057	917.21
Additional Paid-In Capital	3,221	3,212	3,132	3,042	3,043	2,117
Retained Earnings	2,582	2,386	1,308	263.38	-481.29	-1,298
Treasury Stock	-102.11	-103.43	-58.23	-	-	-
Comprehensive Income & Other	49.12	97.2	62.15	55.55	29.73	0.16
Total Common Equity	6,825	6,666	5,509	4,417	3,648	1,735
Minority Interest	-8.94	-7.6	2.31	-31.13	-103.98	-99.83
Shareholders' Equity	6,816	6,659	5,512	4,386	3,544	1,636
Total Liabilities & Equity	12,368	12,290	12,153	10,783	8,328	8,261
Total Debt	749.53	733.18	1,468	1,838	1,286	2,621
Net Cash (Debt)	2,655	2,739	1,749	1,188	344.65	-1,557
Net Cash Growth	79.29%	56.64%	47.14%	244.82%	-	-
Net Cash Per Share	2.48	2.59	1.66	1.13	0.38	-1.69
Filing Date Shares Outstanding	1,032	1,069	1,057	1,057	1,057	917.21
Total Common Shares Outstanding	1,032	1,069	1,057	1,057	1,057	917.21
Working Capital	4,874	4,778	3,491	3,285	2,192	504.21
Book Value Per Share	6.61	6.24	5.21	4.18	3.45	1.89
Tangible Book Value	6,345	6,182	4,986	4,242	3,466	1,535
Tangible Book Value Per Share	6.15	5.78	4.72	4.02	3.28	1.67
Buildings	-	-	590.67	581.81	461.84	444.91
Machinery	-	-	2,027	1,791	1,702	1,586
Construction In Progress	-	-	34.38	78.28	53.92	85.05

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