SHE:300002 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	-	1,830	2,127	1,806	852
Short-Term Investments	-	1,370	-	-	-
Trading Asset Securities	-	731.45	606.97	60.08	116.27
Cash & Short-Term Investments	2,629	3,931	2,734	1,866	968.28
Cash Growth	-33.11%	43.77%	46.54%	92.69%	-5.29%
Accounts Receivable	-	919.05	831.73	665.39	758.15
Other Receivables	-	18.55	13.87	7.46	7.53
Receivables	-	937.59	845.6	672.85	765.68
Inventory	-	152.52	165.68	162.98	154.77
Prepaid Expenses	-	0.03	0.16	-	0.06
Other Current Assets	-	63.9	57.51	49.12	47.44
Total Current Assets	-	5,085	3,803	2,751	1,936
Property, Plant & Equipment	-	412.72	364.61	250.54	388.64
Long-Term Investments	-	323.67	219.83	227.52	247.82
Goodwill	-	1,354	1,448	1,460	1,529
Other Intangible Assets	-	184.67	218.5	294.04	413.36
Long-Term Deferred Tax Assets	-	30.95	26.83	50.97	43.62
Long-Term Deferred Charges	-	17.26	33.33	71.68	19.52
Other Long-Term Assets	-	724.21	688.89	712.15	669.42
Total Assets	-	8,132	6,803	5,818	5,248
Accounts Payable	-	392.71	385.53	397.39	311.16
Accrued Expenses	-	388.65	254.49	201.66	178.46
Short-Term Debt	-	20.12	25.52	55.55	141.7
Current Portion of Long-Term Debt	-	0.9	0.84	-	-
Current Portion of Leases	-	12.09	12.96	5.04	3.54
Current Income Taxes Payable	-	16.27	18.68	28.6	33.3
Current Unearned Revenue	-	150.8	168.12	152.65	133.9
Other Current Liabilities	-	115.07	125.18	93.24	77.85
Total Current Liabilities	-	1,097	991.32	934.13	879.92
Long-Term Leases	-	7.64	8.9	3.4	3.48
Long-Term Unearned Revenue	-	6.04	7.48	11.02	10.48
Long-Term Deferred Tax Liabilities	-	1.42	2.13	0.57	2.13
Other Long-Term Liabilities	-	7.32	6.19	19.01	18.62
Total Liabilities	-	1,119	1,016	968.12	914.64
Common Stock	-	1,963	1,961	1,961	1,961
Additional Paid-In Capital	-	581.36	669.65	583.56	524.9
Retained Earnings	-	4,514	3,214	2,387	1,898
Treasury Stock	-	-9.41	-31.3	-50.02	-
Comprehensive Income & Other	-	-37.73	-49.18	-46.97	-57.07
Total Common Equity	7,583	7,011	5,764	4,835	4,326
Minority Interest	-	2.14	22.32	14.71	7.01
Shareholders' Equity	7,564	7,013	5,787	4,850	4,333
Total Liabilities & Equity	-	8,132	6,803	5,818	5,248
Total Debt	95.03	40.76	48.22	63.99	148.73
Net Cash (Debt)	2,534	3,890	2,686	1,802	819.55
Net Cash Growth	-34.86%	44.84%	49.07%	119.85%	19.94%
Net Cash Per Share	1.29	1.99	1.38	0.92	0.42
Filing Date Shares Outstanding	1,967	1,960	1,958	1,949	1,961
Total Common Shares Outstanding	1,967	1,960	1,958	1,949	1,961
Working Capital	-	3,988	2,812	1,817	1,056
Book Value Per Share	3.85	3.58	2.94	2.48	2.21
Tangible Book Value	6,054	5,473	4,098	3,081	2,384
Tangible Book Value Per Share	3.08	2.79	2.09	1.58	1.22
Buildings	-	433.66	376.88	278.53	432.74
Machinery	-	168.96	169.31	149.87	144.41
Construction In Progress	-	3.31	-	-	-

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