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