SHE:003013 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	907.45	931.2	1,324	1,377	1,401
Trading Asset Securities	-	50.13	-	-	-
Cash & Short-Term Investments	907.45	981.34	1,324	1,377	1,401
Cash Growth	-7.53%	-25.86%	-3.91%	-1.68%	1.83%
Accounts Receivable	2,562	2,228	1,965	1,455	1,309
Other Receivables	25.66	31.75	41.36	35.95	40.7
Receivables	2,588	2,260	2,006	1,490	1,350
Inventory	668.2	644.62	561.28	478.67	480.82
Other Current Assets	70.45	97.98	124.78	157.17	177.22
Total Current Assets	4,234	3,984	4,016	3,504	3,409
Property, Plant & Equipment	923.18	1,010	698.29	470.11	297.91
Long-Term Investments	166.79	183.81	143.69	112.26	107.99
Other Intangible Assets	585.31	593.64	611.17	627.03	642.04
Long-Term Deferred Tax Assets	270.72	234.94	185.27	146.64	120.62
Long-Term Deferred Charges	23.88	26.95	9.58	13.88	13.2
Other Long-Term Assets	97.19	102.81	102.44	29.91	36.58
Total Assets	6,301	6,136	5,767	4,903	4,627
Accounts Payable	1,162	1,029	739.24	538.02	471.55
Accrued Expenses	411.1	543.29	610	587.66	456.39
Short-Term Debt	429.51	320.49	296.24	-	-
Current Portion of Long-Term Debt	19.51	-	-	-	-
Current Portion of Leases	-	24.85	24.54	32.95	44.36
Current Income Taxes Payable	138.34	108.41	81.89	39.21	26.94
Current Unearned Revenue	659.74	929.84	1,320	1,348	1,540
Other Current Liabilities	315.08	294.43	203.01	122.85	116.38
Total Current Liabilities	3,135	3,250	3,275	2,669	2,656
Long-Term Leases	26.13	45.89	33.22	42.07	29.36
Long-Term Unearned Revenue	5.58	2	2.62	0.42	0.59
Long-Term Deferred Tax Liabilities	2.68	1.34	1.54	2.04	-
Other Long-Term Liabilities	0.35	-	-	-	-
Total Liabilities	3,170	3,300	3,312	2,713	2,686
Common Stock	407.83	408.33	400.01	400.01	400.01
Additional Paid-In Capital	960.75	961.02	857.52	857.61	857.34
Retained Earnings	1,721	1,451	1,155	903.22	663.39
Treasury Stock	-61.66	-69.53	-	-	-
Comprehensive Income & Other	-0.56	-	-	-	-
Total Common Equity	3,027	2,751	2,413	2,161	1,921
Minority Interest	103.53	85.17	41.67	29.21	20.48
Shareholders' Equity	3,131	2,836	2,454	2,190	1,941
Total Liabilities & Equity	6,301	6,136	5,767	4,903	4,627
Total Debt	475.15	391.23	353.99	75.01	73.72
Net Cash (Debt)	432.3	590.1	969.55	1,302	1,327
Net Cash Growth	-26.74%	-39.14%	-25.55%	-1.87%	-3.53%
Net Cash Per Share	1.07	1.48	2.42	3.26	3.31
Filing Date Shares Outstanding	410.4	408.33	400.01	400.01	400.01
Total Common Shares Outstanding	410.4	408.33	400.01	400.01	400.01
Working Capital	1,098	733.44	741.22	834.77	752.84
Book Value Per Share	7.38	6.74	6.03	5.40	4.80
Tangible Book Value	2,442	2,157	1,801	1,534	1,279
Tangible Book Value Per Share	5.95	5.28	4.50	3.83	3.20
Buildings	-	704.1	117.66	117.66	111.82
Machinery	-	142.49	131.24	134.78	116.45
Construction In Progress	-	88.74	478.22	222.99	59.52

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