SHE:300017 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	1,321	1,895	2,035	1,832	2,470	1,017
Short-Term Investments	284.62	739.32	2,013	246.98	428.26	1,204
Trading Asset Securities	6,033	5,251	3,923	2,453	2,243	3,650
Cash & Short-Term Investments	7,639	7,885	7,972	4,531	5,141	5,871
Cash Growth	-12.16%	-1.08%	75.92%	-11.86%	-12.42%	54.52%
Accounts Receivable	1,288	1,174	1,139	1,103	1,230	1,373
Other Receivables	8.35	7.37	22.31	9.7	13.4	13.28
Receivables	1,296	1,181	1,162	1,112	1,243	1,386
Inventory	1.57	1.03	6.46	13.48	30.52	12.15
Prepaid Expenses	-	0.36	0.28	0.23	3.23	0.5
Other Current Assets	42.04	54.27	87.95	68.44	54.84	126.96
Total Current Assets	8,978	9,122	9,228	5,726	6,473	7,396
Property, Plant & Equipment	775.98	767.64	780.51	933.67	1,191	1,490
Long-Term Investments	1,820	1,632	1,595	3,746	2,274	1,121
Other Intangible Assets	26.73	28.05	31.87	44.97	80.46	164.22
Long-Term Deferred Tax Assets	22.63	21.39	31.18	42.13	60.22	57.17
Long-Term Deferred Charges	72.61	75.68	86.61	100.51	117.79	51.44
Other Long-Term Assets	289.02	282.79	338.57	375	306.87	293.22
Total Assets	11,986	11,930	12,092	10,969	10,503	10,573
Accounts Payable	767.67	665.54	643.53	568.02	748.28	705.54
Accrued Expenses	57.46	260.57	291.12	252.27	239.33	197.91
Short-Term Debt	290.85	379.09	790.24	80.07	144.76	503.86
Current Portion of Leases	9.62	11.83	17.63	22.11	21.93	-
Current Income Taxes Payable	137.77	53.44	28.37	24.29	11.8	8.13
Current Unearned Revenue	86.39	88.56	92.65	87.08	95.19	95.42
Other Current Liabilities	48.07	56.64	59.28	66.87	85.23	116.16
Total Current Liabilities	1,398	1,516	1,923	1,101	1,347	1,627
Long-Term Leases	15.63	15.29	24.92	40.25	43.61	62.03
Long-Term Unearned Revenue	14.43	15.61	22.1	34.33	34.07	40.55
Long-Term Deferred Tax Liabilities	1.32	1.57	2.08	2.9	4.49	4.66
Other Long-Term Liabilities	2.56	2.72	2	1.75	0.65	0.28
Total Liabilities	1,432	1,551	1,974	1,180	1,429	1,735
Common Stock	2,459	2,459	2,444	2,437	2,437	2,447
Additional Paid-In Capital	2,875	2,789	2,506	2,425	2,338	2,356
Retained Earnings	5,298	5,177	4,991	4,941	4,449	4,382
Treasury Stock	-	-	-8.45	-105.79	-127.35	-135.69
Comprehensive Income & Other	-77.75	-45.77	-41.37	-71.04	-76.9	-210.27
Total Common Equity	10,555	10,380	9,891	9,626	9,019	8,839
Minority Interest	-0.78	-0.84	226.74	162.75	54.27	0.01
Shareholders' Equity	10,554	10,379	10,118	9,789	9,073	8,839
Total Liabilities & Equity	11,986	11,930	12,092	10,969	10,503	10,573
Total Debt	316.11	406.21	832.8	142.42	210.31	565.89
Net Cash (Debt)	7,323	7,479	7,139	4,389	4,931	5,305
Net Cash Growth	-5.21%	4.76%	62.66%	-10.99%	-7.05%	45.17%
Net Cash Per Share	2.92	2.99	2.86	1.79	2.07	2.25
Filing Date Shares Outstanding	2,459	2,459	2,443	2,420	2,420	2,439
Total Common Shares Outstanding	2,459	2,459	2,443	2,420	2,420	2,439
Working Capital	7,580	7,607	7,305	4,625	5,127	5,769
Book Value Per Share	4.29	4.22	4.05	3.98	3.73	3.62
Tangible Book Value	10,528	10,352	9,859	9,581	8,939	8,675
Tangible Book Value Per Share	4.28	4.21	4.04	3.96	3.69	3.56
Buildings	-	214.88	215.34	224.58	221.29	252.19
Machinery	-	2,182	2,144	2,202	2,553	2,378
Construction In Progress	-	30.11	18.21	15.48	41.61	300.19

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