SHE:002595 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	1,483	1,251	1,084	621.75	410.54
Short-Term Investments	20.62	263.7	76.49	-	-
Trading Asset Securities	450	250	600	-	-
Cash & Short-Term Investments	1,953	1,764	1,761	621.75	410.54
Cash Growth	10.70%	0.19%	183.23%	51.45%	39.90%
Accounts Receivable	4,560	3,330	2,860	2,764	2,304
Other Receivables	57.86	49.42	38.14	10.61	20.74
Receivables	5,064	3,831	3,349	3,225	2,776
Inventory	2,693	2,478	1,672	1,623	1,450
Other Current Assets	269.87	209.76	120.95	99.83	154.91
Total Current Assets	9,980	8,283	6,903	5,570	4,792
Property, Plant & Equipment	3,589	2,406	2,284	2,247	2,017
Long-Term Investments	107.57	173.44	188.64	327.23	429.7
Other Intangible Assets	652.24	514.98	374.17	358	350.42
Long-Term Deferred Tax Assets	43.68	38.25	19.86	12.14	1.52
Other Long-Term Assets	394.87	262.52	143.24	77.45	53.34
Total Assets	14,767	11,678	9,914	8,592	7,644
Accounts Payable	881.05	524.89	318.68	370.4	298.94
Accrued Expenses	747.83	597.26	471.6	401.1	371.06
Short-Term Debt	210.17	44.76	-	129.75	225.06
Current Portion of Long-Term Debt	-	-	-	-	1.91
Current Portion of Leases	5.94	6.14	3.45	3.75	4.16
Current Income Taxes Payable	81.46	76.11	77.33	46.48	29.66
Current Unearned Revenue	334.9	199.64	112.35	68.71	58.19
Other Current Liabilities	95.41	44.48	93.57	71.48	16.71
Total Current Liabilities	2,357	1,493	1,077	1,092	1,006
Long-Term Debt	-	41.04	41.78	-	-
Long-Term Leases	9.07	10.76	2.59	4.02	5.65
Long-Term Unearned Revenue	126.32	60.63	34.09	31.85	25.25
Long-Term Deferred Tax Liabilities	150.34	99.42	63.28	59.08	46.99
Other Long-Term Liabilities	88.18	86.82	76.11	62.26	49.37
Total Liabilities	2,731	1,792	1,295	1,249	1,133
Common Stock	800	800	800	800	800
Additional Paid-In Capital	566.41	551.01	577.26	527.02	508.64
Retained Earnings	10,687	8,554	7,341	6,007	5,053
Treasury Stock	-77.48	-77.48	-177.28	-99.79	-
Comprehensive Income & Other	50.91	51.33	71.61	103.16	143.47
Total Common Equity	12,027	9,879	8,613	7,338	6,505
Minority Interest	9.45	7.24	5.78	5.74	5.84
Shareholders' Equity	12,036	9,886	8,619	7,343	6,511
Total Liabilities & Equity	14,767	11,678	9,914	8,592	7,644
Total Debt	225.18	102.7	47.82	137.53	236.78
Net Cash (Debt)	1,728	1,662	1,713	484.23	173.76
Net Cash Growth	4.00%	-3.00%	253.79%	178.68%	-
Net Cash Per Share	2.17	2.09	2.16	0.61	0.22
Filing Date Shares Outstanding	798.56	798.56	792.83	795.18	800
Total Common Shares Outstanding	798.56	798.56	792.83	795.18	800
Working Capital	7,623	6,790	5,826	4,478	3,786
Book Value Per Share	15.06	12.37	10.86	9.23	8.13
Tangible Book Value	11,374	9,364	8,239	6,980	6,154
Tangible Book Value Per Share	14.24	11.73	10.39	8.78	7.69
Buildings	1,334	1,116	1,064	963.32	765.05
Machinery	4,177	3,349	2,931	2,811	2,504
Construction In Progress	500.01	79.54	156.96	71.17	97.16

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.