SHE:002999 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	1,172	827.96	1,443	724.65	957.96	1,228
Cash & Short-Term Investments	1,172	827.96	1,443	724.65	957.96	1,228
Cash Growth	-4.28%	-42.64%	99.19%	-24.36%	-21.99%	12.49%
Accounts Receivable	787.24	462.81	497.63	393.67	191.83	78.45
Other Receivables	75.99	49.6	22.41	15.51	33.09	19.86
Receivables	863.23	512.41	520.04	409.19	224.92	98.31
Inventory	3,378	2,519	3,135	2,501	2,179	1,988
Other Current Assets	2,578	2,191	1,449	1,786	1,882	1,260
Total Current Assets	7,991	6,050	6,548	5,422	5,245	4,575
Property, Plant & Equipment	1,534	1,549	1,306	1,057	867.44	725.1
Long-Term Investments	57.97	57.82	56.4	56.73	88.86	96.42
Goodwill	32.86	32.86	32.86	32.86	32.86	32.86
Other Intangible Assets	173.89	176.06	178.98	185.56	192.79	201.33
Long-Term Deferred Tax Assets	82.12	89.02	76.11	70.49	57.4	41.03
Long-Term Deferred Charges	26.38	21.07	18.86	19.95	19.58	10.53
Other Long-Term Assets	11.02	11.33	30.06	29.86	140.01	52.62
Total Assets	9,908	7,987	8,247	6,874	6,643	5,735
Accounts Payable	3,677	2,465	2,547	2,826	2,377	2,162
Accrued Expenses	158.62	124.62	97.77	142.71	207.13	192.75
Short-Term Debt	1,584	1,250	1,876	533.05	410.23	383.73
Current Portion of Long-Term Debt	-	26.98	4.6	3.88	4.09	4.55
Current Portion of Leases	-	-	20.98	12.31	8.23	9.97
Current Income Taxes Payable	-	42.52	23.2	60.56	48.61	36.6
Current Unearned Revenue	1,451	1,128	1,010	1,043	1,328	764.14
Other Current Liabilities	210.03	107.6	97.47	105.75	132.31	76.83
Total Current Liabilities	7,080	5,145	5,678	4,726	4,516	3,631
Long-Term Debt	-	-	679.12	596	596	696
Long-Term Leases	144.01	150.34	46.3	31.86	27.64	29.27
Long-Term Unearned Revenue	168.27	179.14	123.72	56.43	54.97	25.43
Long-Term Deferred Tax Liabilities	0.87	0.87	0.49	0.47	9.05	10.16
Other Long-Term Liabilities	788.4	786	-	-	-	-
Total Liabilities	8,182	6,261	6,527	5,411	5,203	4,392
Common Stock	347.59	347.59	347.59	347.59	347.59	347.59
Additional Paid-In Capital	318.58	318.46	323.08	321.36	321.71	322.57
Retained Earnings	564.85	556.42	539.54	559	493.6	422.3
Comprehensive Income & Other	0.55	0.66	0.65	0.81	0.8	-1.51
Total Common Equity	1,232	1,223	1,211	1,229	1,164	1,091
Minority Interest	495.06	503.02	508.84	234.22	276.52	252.03
Shareholders' Equity	1,727	1,726	1,720	1,463	1,440	1,343
Total Liabilities & Equity	9,908	7,987	8,247	6,874	6,643	5,735
Total Debt	1,728	1,427	2,627	1,177	1,046	1,124
Net Cash (Debt)	-556.18	-599.5	-1,184	-452.45	-88.23	104.5
Net Cash Per Share	-1.51	-1.70	-3.19	-1.31	-0.26	0.30
Filing Date Shares Outstanding	421.6	349.85	347.59	347.59	347.59	347.59
Total Common Shares Outstanding	421.6	349.85	347.59	347.59	347.59	347.59
Working Capital	910.43	905.57	870	695.19	728.94	943.95
Book Value Per Share	2.92	3.50	3.48	3.54	3.35	3.14
Tangible Book Value	1,025	1,014	999.02	1,010	938.05	856.75
Tangible Book Value Per Share	2.43	2.90	2.87	2.91	2.70	2.46
Buildings	-	-	660.77	509.1	506.14	215.42
Machinery	-	-	211.28	191.93	169.1	136.87
Construction In Progress	-	-	558.66	502.14	314.5	470.52

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