SHE:002025 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	1,542	2,773	3,408	2,188	2,548
Cash & Short-Term Investments	1,542	2,773	3,408	2,188	2,548
Cash Growth	-44.39%	-18.63%	55.75%	-14.14%	204.73%
Accounts Receivable	5,354	4,992	4,746	5,051	4,350
Other Receivables	15.26	14.83	11.75	8.62	11.19
Receivables	5,369	5,007	4,758	5,060	4,362
Inventory	2,491	1,851	1,063	1,046	1,011
Other Current Assets	153.5	201.21	156.59	192.79	104.2
Total Current Assets	9,556	9,832	9,385	8,486	8,025
Property, Plant & Equipment	1,776	1,768	1,390	1,242	1,083
Long-Term Investments	46.39	46.39	48.67	49.31	29.31
Other Intangible Assets	171.17	164.83	163.89	91.88	93.6
Long-Term Deferred Tax Assets	82.01	55.9	45.24	41.1	29.55
Long-Term Deferred Charges	37.92	40.38	36.12	31.07	31.25
Other Long-Term Assets	28.17	38.41	78.59	26.84	30.48
Total Assets	11,698	11,946	11,148	9,968	9,322
Accounts Payable	2,835	3,168	2,919	2,718	2,465
Accrued Expenses	11.49	10.91	21.56	25.01	20.23
Short-Term Debt	55	60	40	-	-
Current Portion of Long-Term Debt	0.83	0.86	6.38	5	-
Current Portion of Leases	54.4	48	11.56	12.65	13.14
Current Income Taxes Payable	0.23	9.48	33.98	18.6	24.54
Current Unearned Revenue	112.37	137.46	73.33	166.1	330.43
Other Current Liabilities	300.17	317.61	286.95	63.36	78.59
Total Current Liabilities	3,369	3,753	3,393	3,008	2,932
Long-Term Debt	304.42	291.59	260.47	241.41	183.95
Long-Term Leases	111.16	152.43	13.83	35.79	14.17
Long-Term Unearned Revenue	140.13	113.48	89.05	42.85	37.48
Long-Term Deferred Tax Liabilities	-	-	-	0.46	0.32
Other Long-Term Liabilities	169.31	132.5	110.18	62.08	66.57
Total Liabilities	4,094	4,443	3,866	3,391	3,235
Common Stock	455.43	456.87	456.87	452.66	452.66
Additional Paid-In Capital	1,951	2,024	2,024	1,816	1,914
Retained Earnings	4,156	4,078	3,905	3,322	2,836
Treasury Stock	-64.69	-193.57	-193.57	-	-
Comprehensive Income & Other	105.7	97.48	91.61	92.53	75.1
Total Common Equity	6,604	6,463	6,283	5,683	5,278
Minority Interest	999.79	1,040	997.72	894.13	809.7
Shareholders' Equity	7,604	7,503	7,281	6,578	6,088
Total Liabilities & Equity	11,698	11,946	11,148	9,968	9,322
Total Debt	525.82	552.88	332.23	294.85	211.26
Net Cash (Debt)	1,016	2,220	3,076	1,893	2,337
Net Cash Growth	-54.22%	-27.82%	62.47%	-19.00%	197.24%
Net Cash Per Share	2.22	4.86	6.76	4.19	5.35
Filing Date Shares Outstanding	455.43	456.87	456.87	452.66	452.66
Total Common Shares Outstanding	455.43	456.87	456.87	452.66	452.66
Working Capital	6,187	6,079	5,992	5,478	5,093
Book Value Per Share	14.50	14.15	13.75	12.56	11.66
Tangible Book Value	6,433	6,298	6,120	5,592	5,184
Tangible Book Value Per Share	14.12	13.79	13.39	12.35	11.45
Buildings	811.41	851.61	712.65	672.65	650.53
Machinery	1,630	1,497	1,287	1,106	982.6
Construction In Progress	132.26	51.45	130.55	73.09	51.96

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