SHE:002709 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	1,915	1,620	2,290	4,664	2,148
Short-Term Investments	370.89	1,339	73.39	150.08	-
Trading Asset Securities	488.55	0.91	1.52	-	-
Cash & Short-Term Investments	2,774	2,960	2,365	4,814	2,148
Cash Growth	-6.27%	25.14%	-50.87%	124.13%	589.38%
Accounts Receivable	7,830	5,525	5,403	7,127	5,261
Other Receivables	66.33	145.05	18.07	22.63	22.33
Receivables	7,896	5,670	5,421	7,150	5,283
Inventory	1,619	1,364	1,172	2,374	1,252
Prepaid Expenses	3.56	8.25	23.26	5.6	14.44
Other Current Assets	764.19	799.59	955.31	836.25	554.38
Total Current Assets	13,057	10,801	9,936	15,179	9,252
Property, Plant & Equipment	9,935	9,728	9,443	6,970	3,480
Long-Term Investments	2,074	1,668	2,459	1,729	332.38
Goodwill	200.4	200.4	214.72	14.32	-
Other Intangible Assets	1,227	1,260	1,215	823.78	531.47
Long-Term Deferred Tax Assets	212.74	126.44	93.16	132.27	159.36
Long-Term Deferred Charges	10.8	20.32	36.2	48.06	5.8
Other Long-Term Assets	209.79	149.25	579.48	634.7	138.4
Total Assets	26,927	23,953	23,977	25,531	13,899
Accounts Payable	4,554	3,363	3,421	4,721	2,366
Accrued Expenses	506.39	312.33	261.9	315.27	221.08
Short-Term Debt	1,079	1,520	1,249	897.56	444.39
Current Portion of Long-Term Debt	817.6	420.11	429.1	193.93	116.76
Current Portion of Leases	6.49	3.98	3.68	-	-
Current Income Taxes Payable	180.32	81.58	241.32	553.72	255.03
Current Unearned Revenue	77.08	32.49	54.44	1,180	2,027
Other Current Liabilities	272.58	142.14	284.38	667.07	715.46
Total Current Liabilities	7,493	5,876	5,944	8,528	6,146
Long-Term Debt	987.49	4,454	4,196	3,965	310.97
Long-Term Leases	29.94	27.42	31.25	-	-
Long-Term Unearned Revenue	280.52	210.21	141.24	115.5	32.7
Long-Term Deferred Tax Liabilities	99.3	61.14	84.24	79.05	34.15
Other Long-Term Liabilities	-	-	-	5.65	5.72
Total Liabilities	8,891	10,629	10,397	12,693	6,529
Common Stock	2,034	1,919	1,924	1,927	959.83
Additional Paid-In Capital	5,096	1,655	1,818	1,944	2,883
Retained Earnings	10,491	9,414	9,501	8,755	3,517
Treasury Stock	-229.97	-351.86	-366.75	-546.33	-354.49
Comprehensive Income & Other	461.52	467.67	477.48	466.33	151.22
Total Common Equity	17,852	13,104	13,355	12,546	7,157
Minority Interest	184.53	220.98	225.11	291.75	213.27
Shareholders' Equity	18,036	13,325	13,580	12,838	7,370
Total Liabilities & Equity	26,927	23,953	23,977	25,531	13,899
Total Debt	2,921	6,426	5,909	5,056	872.13
Net Cash (Debt)	-146.42	-3,466	-3,544	-242.46	1,276
Net Cash Per Share	-0.08	-1.79	-1.84	-0.13	0.68
Filing Date Shares Outstanding	1,937	2,104	1,927	1,907	1,802
Total Common Shares Outstanding	1,937	2,104	1,927	1,907	1,802
Working Capital	5,564	4,926	3,992	6,651	3,106
Book Value Per Share	9.22	6.23	6.93	6.58	3.97
Tangible Book Value	16,424	11,643	11,925	11,708	6,625
Tangible Book Value Per Share	8.48	5.53	6.19	6.14	3.68
Buildings	3,073	2,725	2,448	1,372	963.38
Machinery	8,444	8,106	7,140	4,562	2,713
Construction In Progress	2,400	1,944	2,013	2,588	987.5

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