SHE:300033 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	14,036	9,200	8,170	7,538	7,275
Trading Asset Securities	-	50	-	-	-
Cash & Short-Term Investments	14,036	9,250	8,170	7,538	7,275
Cash Growth	51.75%	13.22%	8.38%	3.62%	18.77%
Accounts Receivable	20.64	40.68	54.08	37.78	40.59
Other Receivables	42.01	35.24	32.11	32.54	38.29
Receivables	62.65	75.92	86.19	70.32	78.88
Other Current Assets	31.01	45.94	8.87	7.24	2.64
Total Current Assets	14,130	9,372	8,265	7,616	7,356
Property, Plant & Equipment	1,364	1,258	1,226	1,049	768.99
Long-Term Investments	11.79	10.83	9.93	10.29	3.02
Goodwill	3.9	3.9	3.9	3.9	3.9
Other Intangible Assets	323.26	331.25	339.25	347.25	355.25
Long-Term Deferred Tax Assets	0.33	0.48	0.82	0.84	0.78
Long-Term Deferred Charges	-	-	-	0.16	0.48
Other Long-Term Assets	-	-	-	-	12.5
Total Assets	15,833	10,977	9,845	9,028	8,501
Accounts Payable	204.68	161.54	165.14	110.19	79.11
Accrued Expenses	3,918	1,070	879.95	416.69	635.7
Current Portion of Leases	-	-	0.95	0.92	-
Current Income Taxes Payable	314.9	135.4	95.36	131.57	155.56
Current Unearned Revenue	1,769	1,486	1,102	981.58	1,044
Other Current Liabilities	30.41	33.29	173.02	40.8	41.05
Total Current Liabilities	6,237	2,886	2,416	1,682	1,955
Long-Term Leases	-	-	-	0.95	-
Long-Term Unearned Revenue	1.12	1.32	0.38	0.58	1.1
Long-Term Deferred Tax Liabilities	-	-	0.11	0.12	-
Other Long-Term Liabilities	102.48	114.69	109.08	99.08	68.35
Total Liabilities	6,341	3,002	2,526	1,782	2,025
Common Stock	537.6	537.6	537.6	537.6	537.6
Additional Paid-In Capital	356.8	356.8	356.8	356.78	356.78
Retained Earnings	8,572	7,034	6,393	6,336	5,612
Comprehensive Income & Other	25.29	46.2	31.78	15.09	-29.87
Total Common Equity	9,492	7,974	7,319	7,245	6,477
Minority Interest	0.24	0.22	0.21	-	-
Shareholders' Equity	9,492	7,974	7,319	7,245	6,477
Total Liabilities & Equity	15,833	10,977	9,845	9,028	8,501
Total Debt	-	-	0.95	1.87	-
Net Cash (Debt)	14,036	9,250	8,169	7,537	7,275
Net Cash Growth	51.75%	13.23%	8.39%	3.60%	18.77%
Net Cash Per Share	26.10	17.20	15.20	14.04	13.55
Filing Date Shares Outstanding	537.6	537.6	537.6	537.6	537.6
Total Common Shares Outstanding	537.6	537.6	537.6	537.6	537.6
Working Capital	7,893	6,485	5,849	5,934	5,401
Book Value Per Share	17.66	14.83	13.61	13.48	12.05
Tangible Book Value	9,165	7,639	6,976	6,894	6,118
Tangible Book Value Per Share	17.05	14.21	12.98	12.82	11.38
Buildings	845.64	845.64	845.64	845.18	525.09
Machinery	116.36	112.64	102.81	94.44	82.08
Construction In Progress	778.02	626.25	559.49	346.22	362.95

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