SHE:002041 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	2,205	2,349	1,536	1,317	1,140	1,031
Trading Asset Securities	993.91	891.13	1,533	1,703	1,763	1,862
Cash & Short-Term Investments	3,199	3,240	3,069	3,020	2,903	2,893
Cash Growth	6.65%	5.58%	1.60%	4.06%	0.33%	13.36%
Accounts Receivable	64.17	47.14	40.29	46.94	25.81	21.23
Other Receivables	9.24	10.55	11.53	4.87	5.57	13.77
Receivables	73.41	57.69	51.82	51.81	31.38	35
Inventory	578.9	688.14	840.86	854.53	798.85	498.36
Other Current Assets	54.16	40.57	51.19	93.35	162.34	42.62
Total Current Assets	3,906	4,026	4,013	4,020	3,895	3,469
Property, Plant & Equipment	750.63	760.68	664.27	636.15	606.45	624.5
Long-Term Investments	0.2	5	18.28	21.85	21.85	6.59
Other Intangible Assets	115.51	112.36	90.55	88.81	81.54	84.52
Long-Term Deferred Tax Assets	31.1	26.5	27.95	-	-	-
Long-Term Deferred Charges	7.25	7.41	3.39	3.45	3.15	2.41
Other Long-Term Assets	22.46	16.17	61.03	31.82	19.51	23.22
Total Assets	4,833	4,955	4,878	4,802	4,628	4,210
Accounts Payable	38.92	70.02	147.25	83.69	133.91	78.83
Accrued Expenses	27.51	188.5	206.48	243.35	254.16	208.24
Short-Term Debt	21.55	44.77	34.1	23.08	23.23	11.31
Current Income Taxes Payable	10.06	11.46	2.16	0.81	0.72	0.18
Current Unearned Revenue	264.64	449.9	442.74	465.89	497.24	529.57
Other Current Liabilities	271.75	34.36	20.83	22.82	21.76	13.3
Total Current Liabilities	634.42	799.01	853.57	839.63	931.02	841.44
Long-Term Debt	7.1	7.4	6	-	-	-
Long-Term Leases	-	-	-	5.74	6.66	-
Long-Term Unearned Revenue	123.39	118.01	71.44	72.26	103.13	18.19
Long-Term Deferred Tax Liabilities	0.58	0.21	0.29	-	-	-
Total Liabilities	765.49	924.63	931.3	917.63	1,041	859.63
Common Stock	880	880	880	880	880	880
Additional Paid-In Capital	29.32	29.32	29.32	29.32	29.32	29.32
Retained Earnings	2,785	2,751	2,685	2,663	2,407	2,186
Comprehensive Income & Other	-	-	-	-3.02	-3.02	-4.19
Total Common Equity	3,695	3,661	3,595	3,570	3,314	3,091
Minority Interest	372.75	369.08	352.1	314.98	273.11	259.53
Shareholders' Equity	4,067	4,030	3,947	3,885	3,587	3,351
Total Liabilities & Equity	4,833	4,955	4,878	4,802	4,628	4,210
Total Debt	28.65	52.17	40.1	28.81	29.89	11.31
Net Cash (Debt)	3,171	3,188	3,029	2,992	2,873	2,882
Net Cash Growth	6.62%	5.26%	1.24%	4.14%	-0.31%	13.38%
Net Cash Per Share	3.60	3.62	3.44	3.40	3.27	3.27
Filing Date Shares Outstanding	880.88	880	880	880	880	880
Total Common Shares Outstanding	880.88	880	880	880	880	880
Working Capital	3,271	3,227	3,159	3,180	2,964	2,628
Book Value Per Share	4.19	4.16	4.08	4.06	3.77	3.51
Tangible Book Value	3,579	3,548	3,504	3,481	3,232	3,007
Tangible Book Value Per Share	4.06	4.03	3.98	3.96	3.67	3.42
Buildings	-	816.49	759.8	720.51	708.46	707.8
Machinery	-	707.81	617.95	577.41	547.79	565.47
Construction In Progress	-	47.07	45.63	45.27	4.96	13.08

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