SHE:300012 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	1,275	882.73	1,451	1,602	1,163
Short-Term Investments	293.07	322.8	377.39	452.23	-
Trading Asset Securities	102.55	443.03	-	-	420.84
Cash & Short-Term Investments	1,671	1,649	1,828	2,054	1,584
Cash Growth	1.37%	-9.82%	-10.99%	29.66%	1.40%
Accounts Receivable	2,372	2,262	1,788	1,555	1,171
Other Receivables	6.93	45.35	12.06	63.96	68.37
Receivables	2,379	2,308	1,800	1,619	1,240
Inventory	125.83	100.57	98.62	97.33	55.38
Other Current Assets	249.69	170.33	203.78	117.09	106.47
Total Current Assets	4,426	4,227	3,930	3,887	2,985
Property, Plant & Equipment	3,365	3,067	2,983	2,501	2,110
Long-Term Investments	405.59	380.26	377.42	288.47	254.79
Goodwill	1,352	1,079	805.19	613.32	589.13
Other Intangible Assets	287.57	186.02	165.59	144.07	145.77
Long-Term Deferred Tax Assets	244.66	208.48	172.17	131.37	56.95
Long-Term Deferred Charges	126.58	127.49	135.08	119.23	141.38
Other Long-Term Assets	172.43	177.93	179.86	147.47	192.56
Total Assets	10,379	9,453	8,749	7,833	6,476
Accounts Payable	843.07	822.11	883.45	748.58	553.66
Accrued Expenses	616.99	519.2	507.29	496.52	461.67
Short-Term Debt	40.11	2	7.6	2	4.75
Current Portion of Long-Term Debt	1.87	5.03	3.69	36.69	53.92
Current Portion of Leases	112.21	109.62	100.04	88.94	81.43
Current Income Taxes Payable	46.29	37.31	37.83	43.89	38.29
Current Unearned Revenue	159.8	127.05	100.8	128.96	118.25
Other Current Liabilities	177.53	181.84	193.47	161.02	181.42
Total Current Liabilities	1,998	1,804	1,834	1,707	1,493
Long-Term Debt	21.28	9.78	7.29	4.11	42.87
Long-Term Leases	221.51	230.72	260.01	229.37	217.21
Long-Term Unearned Revenue	59.34	73.59	79.36	88.68	96.09
Long-Term Deferred Tax Liabilities	172.6	168.45	144.44	126.21	65.58
Other Long-Term Liabilities	5.81	5.05	4.65	3.95	3.43
Total Liabilities	2,478	2,292	2,330	2,159	1,919
Common Stock	1,683	1,683	1,683	1,683	1,673
Additional Paid-In Capital	406.2	414.25	427.23	427.52	186.69
Retained Earnings	5,714	4,949	4,195	3,386	2,582
Treasury Stock	-157.08	-147.85	-119.3	-35.49	-
Comprehensive Income & Other	26.98	15.56	19.58	15.14	15.28
Total Common Equity	7,673	6,913	6,205	5,476	4,457
Minority Interest	227.67	247.46	213.85	198.2	100.29
Shareholders' Equity	7,901	7,161	6,419	5,674	4,558
Total Liabilities & Equity	10,379	9,453	8,749	7,833	6,476
Total Debt	396.98	357.16	378.63	361.1	400.16
Net Cash (Debt)	1,274	1,291	1,449	1,693	1,184
Net Cash Growth	-1.34%	-10.90%	-14.37%	42.98%	-10.07%
Net Cash Per Share	0.76	0.77	0.87	1.01	0.71
Filing Date Shares Outstanding	1,673	1,681	1,675	1,680	1,673
Total Common Shares Outstanding	1,673	1,681	1,675	1,681	1,673
Working Capital	2,428	2,423	2,096	2,181	1,492
Book Value Per Share	4.59	4.11	3.70	3.26	2.66
Tangible Book Value	6,033	5,649	5,235	4,718	3,722
Tangible Book Value Per Share	3.61	3.36	3.13	2.81	2.22
Buildings	1,609	1,539	1,388	864.28	615.57
Machinery	3,903	3,515	3,131	2,595	2,314
Construction In Progress	299.14	102.14	213.86	468.58	360.96

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