SHE:002461 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	7,146	8,198	7,094	6,713	6,786
Trading Asset Securities	793.78	160.29	157.29	293.29	50.06
Cash & Short-Term Investments	7,940	8,358	7,251	7,007	6,836
Cash Growth	-5.00%	15.27%	3.48%	2.50%	6.36%
Accounts Receivable	26.6	23.19	22.43	18.56	18.25
Other Receivables	1.29	5.31	3.16	4.98	3.77
Receivables	27.89	28.5	25.6	23.55	22.02
Inventory	561.82	660.1	1,804	1,803	1,659
Prepaid Expenses	4.77	7.57	12.35	39.84	21.04
Other Current Assets	91.7	34.57	38.27	37.07	21.47
Total Current Assets	8,626	9,089	9,131	8,910	8,560
Property, Plant & Equipment	4,109	3,919	3,468	3,104	3,024
Long-Term Investments	154.27	155.22	154.27	154.11	150
Other Intangible Assets	2,180	2,208	1,322	1,371	1,392
Long-Term Deferred Tax Assets	478.03	412.16	386.67	359.35	378.44
Other Long-Term Assets	513.1	124.3	54.95	49.48	13.7
Total Assets	16,060	15,908	14,518	13,948	13,518
Accounts Payable	594.59	638.78	624.08	516.1	490.87
Accrued Expenses	207.58	207.81	218.25	224.75	188.37
Short-Term Debt	2,154	2,450	1,598	991.59	893.78
Current Portion of Long-Term Debt	-	-	-	500.47	0.47
Current Portion of Leases	3.41	2.94	3.4	2.95	2.25
Current Income Taxes Payable	39.82	26.09	24.79	23.87	20.48
Current Unearned Revenue	746.6	709.23	633.59	635.86	703.44
Other Current Liabilities	383.15	431.98	437.27	413.38	350.38
Total Current Liabilities	4,129	4,467	3,540	3,309	2,650
Long-Term Debt	-	-	-	-	500
Long-Term Leases	18.25	9.64	12.58	4.41	0.62
Long-Term Unearned Revenue	785.08	829.66	893.75	936.07	998.33
Long-Term Deferred Tax Liabilities	25.2	24.98	31.78	28.78	24.78
Total Liabilities	4,958	5,331	4,478	4,278	4,174
Common Stock	2,213	2,213	2,213	2,213	2,213
Additional Paid-In Capital	4,505	4,505	4,505	4,505	4,505
Retained Earnings	4,316	3,788	3,255	2,897	2,564
Comprehensive Income & Other	3.2	3.92	3.2	3.08	-
Total Common Equity	11,037	10,510	9,976	9,618	9,282
Minority Interest	65.9	66.98	64.38	51.69	62.22
Shareholders' Equity	11,103	10,577	10,040	9,669	9,344
Total Liabilities & Equity	16,060	15,908	14,518	13,948	13,518
Total Debt	2,176	2,463	1,614	1,499	1,397
Net Cash (Debt)	5,764	5,895	5,636	5,507	5,439
Net Cash Growth	-2.23%	4.59%	2.35%	1.26%	5.33%
Net Cash Per Share	2.60	2.66	2.53	2.49	2.49
Filing Date Shares Outstanding	2,213	2,213	2,213	2,213	2,213
Total Common Shares Outstanding	2,213	2,213	2,213	2,213	2,213
Working Capital	4,497	4,622	5,592	5,601	5,910
Book Value Per Share	4.99	4.75	4.51	4.35	4.19
Tangible Book Value	8,857	8,302	8,653	8,247	7,890
Tangible Book Value Per Share	4.00	3.75	3.91	3.73	3.56
Buildings	2,732	2,439	2,213	2,025	2,012
Machinery	3,875	3,420	3,310	3,088	3,058
Construction In Progress	246.15	691.36	472.66	417.27	179.11

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