SHE:002050 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	14,912	5,249	6,585	5,878	6,708
Short-Term Investments	651.1	1,100	-	-	-
Trading Asset Securities	508.33	-	-	100.03	109.38
Cash & Short-Term Investments	16,071	6,348	6,585	5,978	6,817
Cash Growth	153.15%	-3.59%	10.14%	-12.31%	60.71%
Accounts Receivable	10,993	9,628	8,251	7,432	5,660
Other Receivables	238.63	258.06	227.79	859.94	275.94
Receivables	11,622	10,286	8,479	8,292	5,936
Inventory	5,640	5,280	4,601	4,335	3,638
Other Current Assets	389.04	385.83	407.5	150.55	179.7
Total Current Assets	33,723	22,301	20,072	18,756	16,571
Property, Plant & Equipment	13,734	12,303	10,080	7,692	5,792
Long-Term Investments	44.59	40.6	37.92	32.44	22.68
Goodwill	-	-	6.79	7.59	7.59
Other Intangible Assets	1,258	1,075	843.87	727.26	696.39
Long-Term Deferred Tax Assets	129.82	112.7	156.43	221.16	153.26
Long-Term Deferred Charges	212.72	200.66	118.1	56.16	36.64
Other Long-Term Assets	304.95	322.09	572.19	465.51	337.14
Total Assets	49,406	36,355	31,891	27,961	23,620
Accounts Payable	10,189	9,777	7,867	6,465	5,106
Accrued Expenses	1,011	918.33	784.18	589.39	449.95
Short-Term Debt	1,455	1,580	1,212	1,294	738.19
Current Portion of Long-Term Debt	1,488	500.42	1,371	500.47	1,726
Current Portion of Leases	103.53	90.57	68.9	67.66	37.57
Current Income Taxes Payable	158.01	118.97	186.58	72	36.99
Current Unearned Revenue	76.17	49.46	51.79	57.96	79.82
Other Current Liabilities	884.06	597.85	277.4	409.49	176.44
Total Current Liabilities	15,365	13,633	11,819	9,456	8,351
Long-Term Debt	862.7	2,046	1,031	4,578	3,453
Long-Term Leases	205.93	237.91	221.3	202.03	157.98
Long-Term Unearned Revenue	664.01	607.75	379.14	254.04	156.83
Long-Term Deferred Tax Liabilities	217.24	258.26	307.51	288.76	172.91
Other Long-Term Liabilities	50.79	52.1	69.29	62.82	75.2
Total Liabilities	17,366	16,835	13,827	14,842	12,367
Common Stock	4,208	3,732	3,733	3,591	3,591
Additional Paid-In Capital	12,603	3,271	3,456	282.6	373.42
Retained Earnings	15,440	12,814	11,015	8,997	7,317
Treasury Stock	-520.49	-381.85	-423.47	-330.02	-411.95
Comprehensive Income & Other	18.78	-138.36	114.76	401	280.27
Total Common Equity	31,749	19,298	17,894	12,941	11,150
Minority Interest	291.3	221.87	169.3	177.99	102.28
Shareholders' Equity	32,040	19,520	18,064	13,119	11,253
Total Liabilities & Equity	49,406	36,355	31,891	27,961	23,620
Total Debt	4,116	4,455	3,904	6,643	6,113
Net Cash (Debt)	11,956	1,893	2,680	-664.31	704.09
Net Cash Growth	531.45%	-29.36%	-	-	-67.27%
Net Cash Per Share	3.02	0.51	0.74	-0.19	0.20
Filing Date Shares Outstanding	4,201	3,731	3,707	3,585	3,570
Total Common Shares Outstanding	4,201	3,731	3,707	3,585	3,570
Working Capital	18,357	8,668	8,253	9,300	8,220
Book Value Per Share	7.56	5.17	4.83	3.61	3.12
Tangible Book Value	30,491	18,223	17,044	12,206	10,446
Tangible Book Value Per Share	7.26	4.88	4.60	3.41	2.93
Buildings	6,154	4,987	4,047	3,360	2,261
Machinery	10,708	9,013	7,328	6,123	4,775
Construction In Progress	1,742	2,172	2,036	1,033	1,344

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