SHE:300037 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	1,198	1,138	2,745	3,846	3,218	1,458
Short-Term Investments	-	1,578	20.45	-	-	-
Trading Asset Securities	691.94	459.99	682.74	991.14	896.22	419.04
Cash & Short-Term Investments	1,890	3,176	3,448	4,838	4,114	1,877
Cash Growth	-18.09%	-7.88%	-28.73%	17.58%	119.22%	-11.93%
Accounts Receivable	6,959	5,725	3,504	3,469	4,533	4,057
Other Receivables	91.92	200.97	180.6	184.89	85.81	38.47
Receivables	7,051	5,926	3,685	3,654	4,619	4,096
Inventory	1,544	1,215	997.03	907.52	905.14	810.04
Other Current Assets	1,603	139.21	117.72	115.05	124.27	225.26
Total Current Assets	12,088	10,456	8,247	9,514	9,763	7,008
Property, Plant & Equipment	5,827	5,589	5,215	4,642	3,079	1,936
Long-Term Investments	1,046	1,935	2,412	564.67	722.75	1,090
Goodwill	417.05	417.05	419.38	419.38	419.38	410.76
Other Intangible Assets	756.05	780.38	822.89	776.41	693.12	382.51
Long-Term Deferred Tax Assets	170.45	149	137.77	123.51	93.09	60.65
Long-Term Deferred Charges	187.9	181.05	137.21	106.23	96.06	81.29
Other Long-Term Assets	1,265	289.34	231.96	1,478	528.51	197.76
Total Assets	21,757	19,798	17,623	17,624	15,395	11,166
Accounts Payable	6,038	4,703	2,922	3,549	2,726	2,276
Accrued Expenses	161.53	404.4	356.17	447.6	428.54	355.42
Short-Term Debt	701.31	350.17	754.09	473.13	112.98	24.81
Current Portion of Long-Term Debt	143.58	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	159.4	68.39	40.99	60.46	25.47	68.23
Current Unearned Revenue	51.6	64.41	19.83	16.41	83.15	334.55
Other Current Liabilities	423.43	349.92	331.21	491.99	307.12	211.41
Total Current Liabilities	7,679	6,083	4,630	5,349	3,997	3,475
Long-Term Debt	2,062	2,028	2,391	2,270	2,346	420.57
Long-Term Leases	11.83	10.71	10.94	15.16	21.52	10.42
Long-Term Unearned Revenue	339.97	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	53.6	55.68	78.29	71.6	90.3	122.49
Other Long-Term Liabilities	20.17	-	-	20.66	-	-
Total Liabilities	10,167	8,544	7,401	7,992	6,650	4,172
Common Stock	751.79	751.79	753.88	749.62	745.69	412.47
Additional Paid-In Capital	2,881	2,899	2,852	2,702	2,450	2,566
Retained Earnings	7,308	6,827	5,860	5,368	4,719	3,225
Treasury Stock	-100.3	-100.3	-200.35	-100.3	-85.8	-
Comprehensive Income & Other	378.86	417.09	485.46	455.14	534.24	566.98
Total Common Equity	11,219	10,795	9,751	9,174	8,364	6,770
Minority Interest	371.52	458.29	471.52	457.84	381.97	224.71
Shareholders' Equity	11,591	11,254	10,223	9,632	8,746	6,994
Total Liabilities & Equity	21,757	19,798	17,623	17,624	15,395	11,166
Total Debt	2,919	2,532	3,363	3,068	2,794	660.29
Net Cash (Debt)	-1,029	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	-1.34	0.84	0.11	2.26	1.75	1.64
Filing Date Shares Outstanding	750.77	749.25	753.88	753.88	745.69	742.45
Total Common Shares Outstanding	750.77	750.93	753.88	749.62	745.69	742.45
Working Capital	4,409	4,373	3,617	4,165	5,766	3,533
Book Value Per Share	14.94	14.38	12.93	12.24	11.22	9.12
Tangible Book Value	10,046	9,598	8,509	7,979	7,251	5,976
Tangible Book Value Per Share	13.38	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.