SHE:300037 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	1,138	2,745	3,846	3,218	1,458
Short-Term Investments	1,578	20.45	-	-	-
Trading Asset Securities	459.99	682.74	991.14	896.22	419.04
Cash & Short-Term Investments	3,176	3,448	4,838	4,114	1,877
Cash Growth	-7.88%	-28.73%	17.58%	119.22%	-11.93%
Accounts Receivable	5,725	3,504	3,469	4,533	4,057
Other Receivables	200.97	180.6	184.89	85.81	38.47
Receivables	5,926	3,685	3,654	4,619	4,096
Inventory	1,215	997.03	907.52	905.14	810.04
Other Current Assets	139.21	117.72	115.05	124.27	225.26
Total Current Assets	10,456	8,247	9,514	9,763	7,008
Property, Plant & Equipment	5,589	5,215	4,642	3,079	1,936
Long-Term Investments	1,935	2,412	564.67	722.75	1,090
Goodwill	417.05	419.38	419.38	419.38	410.76
Other Intangible Assets	780.38	822.89	776.41	693.12	382.51
Long-Term Deferred Tax Assets	149	137.77	123.51	93.09	60.65
Long-Term Deferred Charges	181.05	137.21	106.23	96.06	81.29
Other Long-Term Assets	289.34	231.96	1,478	528.51	197.76
Total Assets	19,798	17,623	17,624	15,395	11,166
Accounts Payable	4,703	2,922	3,549	2,726	2,276
Accrued Expenses	404.4	356.17	447.6	428.54	355.42
Short-Term Debt	350.17	754.09	473.13	112.98	24.81
Current Portion of Long-Term Debt	136.09	197.25	301.1	303.87	200.01
Current Portion of Leases	7.32	9.43	9.02	9.45	4.48
Current Income Taxes Payable	68.39	40.99	60.46	25.47	68.23
Current Unearned Revenue	64.41	19.83	16.41	83.15	334.55
Other Current Liabilities	349.92	331.21	491.99	307.12	211.41
Total Current Liabilities	6,083	4,630	5,349	3,997	3,475
Long-Term Debt	2,028	2,391	2,270	2,346	420.57
Long-Term Leases	10.71	10.94	15.16	21.52	10.42
Long-Term Unearned Revenue	347.28	250.19	220.48	116.61	97.09
Pension & Post-Retirement Benefits	18.87	39.49	45.61	78.36	46.2
Long-Term Deferred Tax Liabilities	55.68	78.29	71.6	90.3	122.49
Other Long-Term Liabilities	-	-	20.66	-	-
Total Liabilities	8,544	7,401	7,992	6,650	4,172
Common Stock	751.79	753.88	749.62	745.69	412.47
Additional Paid-In Capital	2,899	2,852	2,702	2,450	2,566
Retained Earnings	6,827	5,860	5,368	4,719	3,225
Treasury Stock	-100.3	-200.35	-100.3	-85.8	-
Comprehensive Income & Other	417.09	485.46	455.14	534.24	566.98
Total Common Equity	10,795	9,751	9,174	8,364	6,770
Minority Interest	458.29	471.52	457.84	381.97	224.71
Shareholders' Equity	11,254	10,223	9,632	8,746	6,994
Total Liabilities & Equity	19,798	17,623	17,624	15,395	11,166
Total Debt	2,532	3,363	3,068	2,794	660.29
Net Cash (Debt)	643.62	84.94	1,770	1,321	1,217
Net Cash Growth	657.71%	-95.20%	33.99%	8.56%	-14.31%
Net Cash Per Share	0.84	0.11	2.26	1.75	1.64
Filing Date Shares Outstanding	749.25	753.88	753.88	745.69	742.45
Total Common Shares Outstanding	750.93	753.88	749.62	745.69	742.45
Working Capital	4,373	3,617	4,165	5,766	3,533
Book Value Per Share	14.38	12.93	12.24	11.22	9.12
Tangible Book Value	9,598	8,509	7,979	7,251	5,976
Tangible Book Value Per Share	12.78	11.29	10.64	9.72	8.05
Land	23.56	22.45	12.77	-	-
Buildings	2,229	2,058	1,677	940.59	721.44
Machinery	4,196	3,389	2,779	1,618	1,310
Construction In Progress	990.2	1,191	1,241	1,343	553.82

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