SHE:300026 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	Dec '21 Dec 31, 2021
Cash & Equivalents	1,502	1,306	1,574	1,206	1,316
Cash & Short-Term Investments	1,502	1,306	1,574	1,206	1,316
Cash Growth	15.00%	-17.00%	30.46%	-8.34%	16.89%
Accounts Receivable	2,572	2,825	2,892	3,546	3,694
Other Receivables	33.61	38.34	50.09	49.94	59.23
Receivables	2,606	2,864	2,942	3,596	3,753
Inventory	1,371	1,749	1,961	2,214	1,305
Prepaid Expenses	-	12.5	13.25	32.11	16.77
Other Current Assets	237.67	217.18	230.06	336.93	416.22
Total Current Assets	5,717	6,149	6,720	7,385	6,806
Property, Plant & Equipment	2,953	3,149	3,242	3,322	2,901
Long-Term Investments	178.84	235.58	247.62	244.03	272.82
Goodwill	635.6	675.2	692.54	716.05	716.05
Other Intangible Assets	267.14	298.45	331.11	352.73	313.68
Long-Term Accounts Receivable	-	26.39	46.37	94.1	115.01
Long-Term Deferred Tax Assets	223.41	222.17	129.29	140.56	108.16
Long-Term Deferred Charges	393.4	386.75	402.6	327.29	311.53
Other Long-Term Assets	23.26	22.77	23.14	77.68	62.51
Total Assets	10,392	11,165	11,835	12,660	11,607
Accounts Payable	449.97	678.15	713.45	884.77	605
Accrued Expenses	42.6	299.23	184.08	444.37	519.36
Short-Term Debt	14.85	16.24	23.18	231.47	293.79
Current Portion of Long-Term Debt	153.41	150.25	167.67	380.77	100.02
Current Portion of Leases	-	45.25	25.88	55.07	45.86
Current Income Taxes Payable	60.44	19.4	20.61	9.82	15.12
Current Unearned Revenue	52.03	63.97	76.27	208.03	137.56
Other Current Liabilities	508.35	348.67	353.7	463.6	341.56
Total Current Liabilities	1,282	1,621	1,565	2,678	2,058
Long-Term Debt	260.59	529.17	1,257	1,345	1,458
Long-Term Leases	102.25	111.16	59.42	78.12	67.07
Long-Term Unearned Revenue	62.03	65.56	62.56	62.04	67.55
Long-Term Deferred Tax Liabilities	31.28	39.52	23.2	33.81	3.95
Total Liabilities	1,738	2,367	2,967	4,197	3,655
Common Stock	3,004	3,004	3,004	3,004	3,004
Additional Paid-In Capital	589.89	589.89	589.49	589.49	589.49
Retained Earnings	4,971	5,043	5,112	4,695	4,199
Comprehensive Income & Other	-48.79	6.83	4.75	0.86	-19.98
Total Common Equity	8,517	8,644	8,710	8,290	7,773
Minority Interest	137.68	154.66	157.7	172.87	179.49
Shareholders' Equity	8,654	8,799	8,868	8,463	7,952
Total Liabilities & Equity	10,392	11,165	11,835	12,660	11,607
Total Debt	531.1	852.07	1,533	2,091	1,965
Net Cash (Debt)	971.06	454.12	40.24	-884.45	-648.87
Net Cash Growth	113.83%	1028.45%	-	-	-
Net Cash Per Share	0.53	0.21	0.01	-0.30	-0.22
Filing Date Shares Outstanding	-	3,004	3,004	3,004	3,004
Total Common Shares Outstanding	-	3,004	3,004	3,004	3,004
Working Capital	4,435	4,528	5,155	4,707	4,748
Book Value Per Share	-	2.88	2.90	2.76	2.59
Tangible Book Value	7,614	7,670	7,686	7,221	6,743
Tangible Book Value Per Share	-	2.55	2.56	2.40	2.24
Buildings	-	1,986	1,988	1,730	1,651
Machinery	-	2,544	2,514	2,155	1,852
Construction In Progress	-	104.19	54.11	461.01	232.93

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