SHE:300002 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	2,178	2,156	1,830	2,127	1,806	852
Short-Term Investments	-	1,463	1,370	-	-	-
Trading Asset Securities	892.64	792.65	731.45	606.97	60.08	116.27
Cash & Short-Term Investments	3,071	4,412	3,931	2,734	1,866	968.28
Cash Growth	21.03%	12.23%	43.77%	46.54%	92.69%	-5.29%
Accounts Receivable	821.82	804.27	919.05	831.73	665.39	758.15
Other Receivables	16.29	21.41	18.55	13.87	7.46	7.53
Receivables	838.11	825.69	937.59	845.6	672.85	765.68
Inventory	213.14	176.96	152.52	165.68	162.98	154.77
Prepaid Expenses	-	0.07	0.03	0.16	-	0.06
Other Current Assets	1,343	76.73	63.9	57.51	49.12	47.44
Total Current Assets	5,465	5,491	5,085	3,803	2,751	1,936
Property, Plant & Equipment	536.18	535.91	412.72	364.61	250.54	388.64
Long-Term Investments	800.26	604.49	323.67	219.83	227.52	247.82
Goodwill	1,296	1,296	1,354	1,448	1,460	1,529
Other Intangible Assets	146.71	162.33	184.67	218.5	294.04	413.36
Long-Term Deferred Tax Assets	12.51	14	30.95	26.83	50.97	43.62
Long-Term Deferred Charges	31.54	23.91	17.26	33.33	71.68	19.52
Other Long-Term Assets	627.95	617.51	724.21	688.89	712.15	669.42
Total Assets	8,915	8,745	8,132	6,803	5,818	5,248
Accounts Payable	564.09	420.4	392.71	385.53	397.39	311.16
Accrued Expenses	129.31	310.9	388.65	254.49	201.66	178.46
Short-Term Debt	46.97	49.97	20.12	25.52	55.55	141.7
Current Portion of Long-Term Debt	9.42	-	0.9	0.84	-	-
Current Portion of Leases	-	8.7	12.09	12.96	5.04	3.54
Current Income Taxes Payable	111.64	20.63	16.27	18.68	28.6	33.3
Current Unearned Revenue	139.05	140.11	150.8	168.12	152.65	133.9
Other Current Liabilities	91.18	134.76	115.07	125.18	93.24	77.85
Total Current Liabilities	1,092	1,085	1,097	991.32	934.13	879.92
Long-Term Leases	9.47	6.77	7.64	8.9	3.4	3.48
Long-Term Unearned Revenue	6.54	7.36	6.04	7.48	11.02	10.48
Long-Term Deferred Tax Liabilities	5.47	6.53	1.42	2.13	0.57	2.13
Other Long-Term Liabilities	0.06	0.07	7.32	6.19	19.01	18.62
Total Liabilities	1,113	1,106	1,119	1,016	968.12	914.64
Common Stock	1,967	1,967	1,963	1,961	1,961	1,961
Additional Paid-In Capital	614.93	614.8	581.36	669.65	583.56	524.9
Retained Earnings	5,291	5,120	4,514	3,214	2,387	1,898
Treasury Stock	-	-	-9.41	-31.3	-50.02	-
Comprehensive Income & Other	-57.68	-54.52	-37.73	-49.18	-46.97	-57.07
Total Common Equity	7,815	7,647	7,011	5,764	4,835	4,326
Minority Interest	-13.05	-8.32	2.14	22.32	14.71	7.01
Shareholders' Equity	7,802	7,639	7,013	5,787	4,850	4,333
Total Liabilities & Equity	8,915	8,745	8,132	6,803	5,818	5,248
Total Debt	65.86	65.44	40.76	48.22	63.99	148.73
Net Cash (Debt)	3,005	4,346	3,890	2,686	1,802	819.55
Net Cash Growth	19.60%	11.73%	44.84%	49.07%	119.85%	19.94%
Net Cash Per Share	1.53	2.21	1.99	1.38	0.92	0.42
Filing Date Shares Outstanding	1,967	1,967	1,960	1,958	1,949	1,961
Total Common Shares Outstanding	1,967	1,967	1,960	1,958	1,949	1,961
Working Capital	4,373	4,406	3,988	2,812	1,817	1,056
Book Value Per Share	3.97	3.89	3.58	2.94	2.48	2.21
Tangible Book Value	6,373	6,189	5,473	4,098	3,081	2,384
Tangible Book Value Per Share	3.24	3.15	2.79	2.09	1.58	1.22
Buildings	-	567.88	433.66	376.88	278.53	432.74
Machinery	-	190.84	168.96	169.31	149.87	144.41
Construction In Progress	-	16.1	3.31	-	-	-

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