SHE:002920 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	1,448	775.32	1,276	1,115	1,162
Short-Term Investments	-	-	-	474.87	106.97
Trading Asset Securities	3,911	95.65	30.93	18.45	831.79
Cash & Short-Term Investments	5,359	870.97	1,307	1,608	2,101
Cash Growth	515.31%	-33.34%	-18.74%	-23.47%	23.66%
Accounts Receivable	12,429	11,375	8,730	4,756	3,402
Other Receivables	202.66	122.18	33.44	46.38	14.53
Receivables	12,631	11,497	8,764	4,803	3,417
Inventory	4,789	3,696	3,260	3,416	2,035
Prepaid Expenses	-	-	-	-	99.33
Other Current Assets	652.92	369.75	344.96	390.94	17.62
Total Current Assets	23,433	16,434	13,675	10,218	7,669
Property, Plant & Equipment	3,997	3,076	2,340	1,853	1,301
Long-Term Investments	1,044	894.27	1,022	851.58	557.83
Goodwill	-	7.41	7.74	7.31	19.85
Other Intangible Assets	437.88	418.83	397.8	312.05	280.23
Long-Term Accounts Receivable	-	-	1.96	2.11	0.74
Long-Term Deferred Tax Assets	387.38	292.51	205.2	118.65	99.73
Long-Term Deferred Charges	182.56	171.93	146.6	105.67	98.08
Other Long-Term Assets	363.31	188.51	217.19	287.72	124.68
Total Assets	29,845	21,483	18,014	13,756	10,152
Accounts Payable	9,202	8,020	6,808	4,345	2,807
Accrued Expenses	1,011	825.97	844.42	608.12	435.45
Short-Term Debt	686.55	279.16	201.29	399.17	316.75
Current Portion of Long-Term Debt	311.03	621.3	43.93	23.54	0.25
Current Portion of Leases	22.22	17.05	20.28	16.06	6.91
Current Income Taxes Payable	80.54	74.88	17.35	3.66	1.78
Current Unearned Revenue	1,005	501.51	344.95	326.12	283.08
Other Current Liabilities	1,266	512.86	442.31	429.08	436.46
Total Current Liabilities	13,584	10,853	8,723	6,151	4,288
Long-Term Debt	255.01	219.42	770.67	574.25	-
Long-Term Leases	80.43	58.02	57.13	59.33	43.63
Long-Term Unearned Revenue	340.77	224.24	138.26	116.91	141.24
Long-Term Deferred Tax Liabilities	0.86	1.17	0.96	3.43	11.54
Other Long-Term Liabilities	21.48	362.13	264.25	307.55	250.81
Total Liabilities	14,283	11,718	9,954	7,212	4,735
Common Stock	596.84	554.96	555.02	555.27	555.27
Additional Paid-In Capital	6,999	2,694	2,624	2,486	2,344
Retained Earnings	8,129	6,342	4,803	3,562	2,627
Treasury Stock	-456.27	-76.34	-159.71	-250.99	-253.31
Comprehensive Income & Other	149.25	129.26	129.78	125.48	65.66
Total Common Equity	15,418	9,643	7,952	6,478	5,339
Minority Interest	144.58	122.27	107.85	65.99	77.81
Shareholders' Equity	15,563	9,766	8,060	6,544	5,416
Total Liabilities & Equity	29,845	21,483	18,014	13,756	10,152
Total Debt	1,355	1,195	1,093	1,072	367.54
Net Cash (Debt)	4,004	-323.98	213.24	535.5	1,733
Net Cash Growth	-	-	-60.18%	-69.11%	2.04%
Net Cash Per Share	7.08	-0.58	0.39	0.96	3.14
Filing Date Shares Outstanding	596.81	554.95	555.01	555.2	550.17
Total Common Shares Outstanding	596.84	554.96	555.02	555.27	550.17
Working Capital	9,849	5,582	4,952	4,067	3,381
Book Value Per Share	25.83	17.38	14.33	11.67	9.70
Tangible Book Value	14,980	9,217	7,547	6,158	5,039
Tangible Book Value Per Share	25.10	16.61	13.60	11.09	9.16
Buildings	1,598	1,368	1,280	945.53	873.47
Machinery	3,384	2,760	2,021	1,519	1,096
Construction In Progress	893.94	445.21	166.54	265.49	32.89

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