SHE:002023 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	661.34	747.26	463.86	425.74	473.14	373.35
Trading Asset Securities	181.73	195.47	168.92	194.58	154.99	198.3
Cash & Short-Term Investments	843.08	942.73	632.77	620.33	628.13	571.64
Cash Growth	65.02%	48.98%	2.01%	-1.24%	9.88%	-37.99%
Accounts Receivable	696.48	649.69	743.06	599.41	575.65	602.91
Other Receivables	8.21	6.61	13.82	46.34	18.67	18.69
Receivables	704.69	656.29	756.88	645.74	594.32	621.59
Inventory	547.86	549.27	478.76	500.3	353.07	341.35
Other Current Assets	122.14	93.13	57.3	102.14	36.9	39.43
Total Current Assets	2,218	2,241	1,926	1,869	1,612	1,574
Property, Plant & Equipment	1,934	1,961	2,809	3,085	2,963	2,686
Long-Term Investments	1,110	1,116	1,625	1,656	1,697	1,677
Goodwill	24.56	24.56	24.56	24.56	24.56	24.56
Other Intangible Assets	230.5	234.02	241.84	256.2	324.77	341.21
Long-Term Accounts Receivable	-	-	-	53.9	-	-
Long-Term Deferred Tax Assets	107.72	106.57	110.46	84.43	74.77	74.09
Long-Term Deferred Charges	60.86	63.34	89.38	82.39	64.53	65.19
Other Long-Term Assets	282.65	280.95	265.06	266.94	280.44	281.9
Total Assets	5,968	6,027	7,091	7,378	7,041	6,724
Accounts Payable	362.33	415.05	289.54	235.23	354.74	148.16
Accrued Expenses	17.78	47.07	192.92	177.35	163.52	130.14
Short-Term Debt	30	30.03	60.05	-	-	65.07
Current Portion of Long-Term Debt	792.65	756.39	664.11	684.11	421.35	653.55
Current Portion of Leases	-	-	12.02	11.15	9.33	5.69
Current Income Taxes Payable	32.58	33.53	24.04	23.23	10.27	8.79
Current Unearned Revenue	174.23	178.49	148.7	122.84	78.34	21.73
Other Current Liabilities	244.7	224.12	91.66	37.94	143.39	90.53
Total Current Liabilities	1,654	1,685	1,483	1,292	1,181	1,124
Long-Term Debt	428.24	464.65	1,164	1,702	1,561	1,431
Long-Term Leases	89.46	82.45	83.15	39.37	11.59	7.79
Long-Term Unearned Revenue	34.64	35.46	35.93	37.96	46.28	38.71
Long-Term Deferred Tax Liabilities	55.63	61.85	54.44	39.12	33.86	34.16
Total Liabilities	2,262	2,329	2,820	3,111	2,834	2,635
Common Stock	740.86	740.86	740.86	740.86	756.79	756.79
Additional Paid-In Capital	1,729	1,729	1,752	1,758	1,942	1,932
Retained Earnings	1,229	1,204	1,738	1,705	1,658	1,646
Treasury Stock	-	-	-	-	-200.01	-200.01
Comprehensive Income & Other	22.97	35.5	46.59	50.16	34.21	-29.28
Total Common Equity	3,722	3,710	4,278	4,254	4,191	4,106
Minority Interest	-16.27	-11.47	-7.1	13.95	16.56	-17.76
Shareholders' Equity	3,706	3,698	4,271	4,268	4,207	4,088
Total Liabilities & Equity	5,968	6,027	7,091	7,378	7,041	6,724
Total Debt	1,340	1,334	1,983	2,437	2,004	2,163
Net Cash (Debt)	-497.26	-390.79	-1,350	-1,817	-1,375	-1,592
Net Cash Per Share	-0.67	-0.53	-1.82	-2.45	-1.86	-2.14
Filing Date Shares Outstanding	741.51	739.86	740.86	740.86	740.86	740.86
Total Common Shares Outstanding	741.51	739.86	740.86	740.86	740.86	740.86
Working Capital	563.52	556.75	442.66	576.65	431.48	450.34
Book Value Per Share	5.02	5.01	5.77	5.74	5.66	5.54
Tangible Book Value	3,467	3,451	4,012	3,973	3,841	3,740
Tangible Book Value Per Share	4.68	4.66	5.41	5.36	5.18	5.05
Buildings	-	-	807.82	809.66	865.32	777.68
Machinery	-	-	1,475	1,449	1,344	1,239
Construction In Progress	-	-	114.8	35.64	296.33	170.52

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