SHE:002281 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	4,186	4,442	3,185	3,736	2,168	2,853
Short-Term Investments	-	-	350	973.31	170	-
Cash & Short-Term Investments	4,186	4,442	3,535	4,709	2,338	2,853
Cash Growth	47.59%	25.65%	-24.93%	101.41%	-18.05%	14.65%
Accounts Receivable	1,884	1,864	3,301	2,561	2,164	2,159
Other Receivables	156.87	71.58	68.39	62.04	26.31	17.76
Receivables	2,041	1,936	3,370	2,623	2,190	2,177
Inventory	7,478	5,746	3,955	1,886	2,330	2,201
Other Current Assets	619.18	304.61	443.31	69.06	73.84	50.1
Total Current Assets	14,323	12,428	11,304	9,288	6,932	7,281
Property, Plant & Equipment	3,033	3,059	2,613	1,827	1,420	1,296
Long-Term Investments	91.02	94.91	216.86	399.64	1,038	395.7
Goodwill	7.94	7.94	7.94	7.94	7.94	18.46
Other Intangible Assets	332.07	324.29	264.43	287.78	311.88	266.01
Long-Term Deferred Tax Assets	268.83	255.34	179.04	100.31	91.13	76.82
Long-Term Deferred Charges	89.46	108.88	140.31	94.35	58.99	64.6
Other Long-Term Assets	118.61	64.13	61.14	22.67	43.88	79.38
Total Assets	18,264	16,343	14,786	12,028	9,903	9,478
Accounts Payable	5,078	4,123	4,046	2,249	2,341	2,232
Accrued Expenses	165.31	122.75	93.12	94.13	90.11	84.97
Short-Term Debt	9.99	10.36	9.46	-	0.5	-
Current Portion of Long-Term Debt	60.91	102.19	135.84	209.49	83.25	62.24
Current Portion of Leases	-	6.71	19.03	15.14	15.05	15.27
Current Income Taxes Payable	127.19	88.95	80.92	62	63.38	24.59
Current Unearned Revenue	1,095	431.12	263.79	109.64	85.99	119.35
Other Current Liabilities	748.21	679.66	324.43	291.18	408.68	584.21
Total Current Liabilities	7,285	5,565	4,972	3,030	3,088	3,123
Long-Term Debt	195	276	405	261.32	458.1	540.3
Long-Term Leases	31.04	18.18	25.1	35.04	47.51	55.68
Long-Term Unearned Revenue	324	297.09	195.07	244	166.53	199.81
Other Long-Term Liabilities	42.66	41.11	31.7	27.66	32.53	30.26
Total Liabilities	7,878	6,198	5,629	3,598	3,792	3,949
Common Stock	806.68	806.68	793.59	794.2	698.17	699.41
Additional Paid-In Capital	4,990	4,957	4,438	4,247	2,597	2,584
Retained Earnings	5,068	4,828	4,091	3,613	3,143	2,654
Treasury Stock	-516.17	-516.17	-215.32	-222.02	-321.58	-392.49
Comprehensive Income & Other	-8.64	10.7	1.83	4.46	1.07	-3.02
Total Common Equity	10,340	10,087	9,110	8,437	6,118	5,542
Minority Interest	46.35	58.71	47.32	-7.33	-7.31	-12.46
Shareholders' Equity	10,387	10,145	9,157	8,429	6,111	5,529
Total Liabilities & Equity	18,264	16,343	14,786	12,028	9,903	9,478
Total Debt	296.94	413.44	594.43	520.98	604.4	673.49
Net Cash (Debt)	3,889	4,029	2,941	4,188	1,734	2,179
Net Cash Growth	69.51%	36.99%	-29.78%	141.58%	-20.45%	-6.38%
Net Cash Per Share	4.92	5.11	3.74	5.34	2.48	3.27
Filing Date Shares Outstanding	806.68	806.68	793.59	794.2	698.17	699.41
Total Common Shares Outstanding	806.68	806.68	793.59	794.2	698.17	699.41
Working Capital	7,039	6,863	6,331	6,257	3,845	4,158
Book Value Per Share	12.82	12.50	11.48	10.62	8.76	7.92
Tangible Book Value	10,000	9,755	8,837	8,141	5,799	5,257
Tangible Book Value Per Share	12.40	12.09	11.14	10.25	8.31	7.52
Buildings	-	1,361	1,361	557.67	557.25	-
Machinery	-	3,638	2,809	2,212	2,072	-
Construction In Progress	-	79.54	74.34	511.93	74.58	-

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