SHE:300026 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	Dec '21 Dec 31, 2021
Cash & Equivalents	1,558	1,502	1,306	1,574	1,206	1,316
Cash & Short-Term Investments	1,558	1,502	1,306	1,574	1,206	1,316
Cash Growth	31.24%	15.00%	-17.00%	30.46%	-8.34%	16.89%
Accounts Receivable	2,587	2,572	2,825	2,892	3,546	3,694
Other Receivables	29.4	33.61	38.34	50.09	49.94	59.23
Receivables	2,616	2,606	2,864	2,942	3,596	3,753
Inventory	1,321	1,371	1,749	1,961	2,214	1,305
Prepaid Expenses	-	13.55	12.5	13.25	32.11	16.77
Other Current Assets	239.62	224.12	217.18	230.06	336.93	416.22
Total Current Assets	5,735	5,717	6,149	6,720	7,385	6,806
Property, Plant & Equipment	2,912	2,953	3,149	3,242	3,322	2,901
Long-Term Investments	178.36	178.84	235.58	247.62	244.03	272.82
Goodwill	635.6	635.6	675.2	692.54	716.05	716.05
Other Intangible Assets	258.83	267.14	298.45	331.11	352.73	313.68
Long-Term Accounts Receivable	5.21	5.21	26.39	46.37	94.1	115.01
Long-Term Deferred Tax Assets	227.35	223.41	222.17	129.29	140.56	108.16
Long-Term Deferred Charges	389.67	393.54	386.75	402.6	327.29	311.53
Other Long-Term Assets	25.02	18.02	22.77	23.14	77.68	62.51
Total Assets	10,367	10,392	11,165	11,835	12,660	11,607
Accounts Payable	430.32	449.97	678.15	713.45	884.77	605
Accrued Expenses	9.75	268.52	299.23	184.08	444.37	519.36
Short-Term Debt	15.13	14.85	16.24	23.18	231.47	293.79
Current Portion of Long-Term Debt	164.44	116.65	150.25	167.67	380.77	100.02
Current Portion of Leases	-	36.75	45.25	25.88	55.07	45.86
Current Income Taxes Payable	46.65	10.27	19.4	20.61	9.82	15.12
Current Unearned Revenue	43.97	52.03	63.97	76.27	208.03	137.56
Other Current Liabilities	509.99	332.6	348.67	353.7	463.6	341.56
Total Current Liabilities	1,220	1,282	1,621	1,565	2,678	2,058
Long-Term Debt	239.38	260.59	529.17	1,257	1,345	1,458
Long-Term Leases	97.08	102.25	111.16	59.42	78.12	67.07
Long-Term Unearned Revenue	60.32	62.03	65.56	62.56	62.04	67.55
Long-Term Deferred Tax Liabilities	29.98	31.28	39.52	23.2	33.81	3.95
Total Liabilities	1,647	1,738	2,367	2,967	4,197	3,655
Common Stock	3,004	3,004	3,004	3,004	3,004	3,004
Additional Paid-In Capital	589.89	589.89	589.89	589.49	589.49	589.49
Retained Earnings	5,037	4,971	5,043	5,112	4,695	4,199
Comprehensive Income & Other	-51.55	-48.79	6.83	4.75	0.86	-19.98
Total Common Equity	8,580	8,517	8,644	8,710	8,290	7,773
Minority Interest	140.59	137.68	154.66	157.7	172.87	179.49
Shareholders' Equity	8,720	8,654	8,799	8,868	8,463	7,952
Total Liabilities & Equity	10,367	10,392	11,165	11,835	12,660	11,607
Total Debt	516.04	531.1	852.07	1,533	2,091	1,965
Net Cash (Debt)	1,042	971.06	454.12	40.24	-884.45	-648.87
Net Cash Growth	109.01%	113.83%	1028.45%	-	-	-
Net Cash Per Share	0.54	0.53	0.21	0.01	-0.30	-0.22
Filing Date Shares Outstanding	3,004	3,004	3,004	3,004	3,004	3,004
Total Common Shares Outstanding	3,004	3,004	3,004	3,004	3,004	3,004
Working Capital	4,515	4,435	4,528	5,155	4,707	4,748
Book Value Per Share	2.86	2.83	2.88	2.90	2.76	2.59
Tangible Book Value	7,685	7,614	7,670	7,686	7,221	6,743
Tangible Book Value Per Share	2.56	2.53	2.55	2.56	2.40	2.24
Buildings	-	2,000	1,986	1,988	1,730	1,651
Machinery	-	2,552	2,544	2,514	2,155	1,852
Construction In Progress	-	130.89	104.19	54.11	461.01	232.93