SHE:300047 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	830.52	698.98	298.02	185.38	369.23
Cash & Short-Term Investments	830.52	698.98	298.02	185.38	369.23
Cash Growth	18.82%	134.54%	60.77%	-49.79%	-0.25%
Accounts Receivable	2,176	2,051	1,925	2,075	1,900
Other Receivables	67.36	82.01	34.77	48.8	57.05
Receivables	2,243	2,133	1,959	2,124	1,957
Inventory	2,127	2,359	2,400	1,875	1,655
Other Current Assets	783.85	565.32	509.12	450.16	416.83
Total Current Assets	5,984	5,756	5,166	4,635	4,398
Property, Plant & Equipment	511.92	523.45	473.93	419.22	388.78
Long-Term Investments	170.46	166.64	175.18	169.74	201.43
Goodwill	485.17	534.98	576.95	646.48	650.62
Other Intangible Assets	275	377.41	370.13	371.63	373.8
Long-Term Deferred Tax Assets	88.67	86.7	88.36	77.59	63.21
Long-Term Deferred Charges	131.86	32.13	6.71	7.36	11.18
Other Long-Term Assets	196.13	200.74	208.46	206.63	208.77
Total Assets	7,843	7,678	7,066	6,533	6,296
Accounts Payable	93.78	112.13	102.8	106.32	157.43
Accrued Expenses	5.6	34.59	33.27	39.13	35.49
Short-Term Debt	3,143	3,073	2,693	2,373	2,207
Current Portion of Long-Term Debt	63.14	26.85	0.12	0.1	0.12
Current Portion of Leases	-	14.28	19.72	19.03	23.03
Current Income Taxes Payable	37.16	15.12	13.8	15.08	10.06
Current Unearned Revenue	712.74	639.75	361.95	280.81	213.02
Other Current Liabilities	129.45	258.3	61.48	53.36	52.47
Total Current Liabilities	4,185	4,174	3,286	2,886	2,698
Long-Term Debt	250.45	121.29	121.18	71.23	32.08
Long-Term Leases	25.6	28.85	39.15	14.81	24.28
Long-Term Unearned Revenue	9.38	9.49	7.64	5.83	6.22
Long-Term Deferred Tax Liabilities	16.47	16.81	19.1	10.16	6.76
Total Liabilities	4,487	4,350	3,473	2,989	2,767
Common Stock	637.74	637.74	637.74	637.74	637.74
Additional Paid-In Capital	1,417	1,417	1,473	1,473	1,473
Retained Earnings	1,220	1,199	1,185	1,166	1,143
Comprehensive Income & Other	15.22	15.12	15.08	15.16	52.36
Total Common Equity	3,289	3,268	3,311	3,292	3,307
Minority Interest	67.04	60.01	282.3	253.19	221.59
Shareholders' Equity	3,356	3,328	3,593	3,545	3,528
Total Liabilities & Equity	7,843	7,678	7,066	6,533	6,296
Total Debt	3,482	3,264	2,873	2,478	2,286
Net Cash (Debt)	-2,652	-2,565	-2,575	-2,292	-1,917
Net Cash Per Share	-4.15	-4.02	-4.03	-3.52	-2.87
Filing Date Shares Outstanding	638.99	637.74	637.74	637.74	637.74
Total Common Shares Outstanding	638.99	637.74	637.74	637.74	637.74
Working Capital	1,799	1,583	1,880	1,748	1,700
Book Value Per Share	5.15	5.12	5.19	5.16	5.18
Tangible Book Value	2,529	2,356	2,364	2,274	2,282
Tangible Book Value Per Share	3.96	3.69	3.71	3.57	3.58
Buildings	-	500.35	409.6	289.59	289.59
Machinery	-	107.82	110.36	120.87	125.18
Construction In Progress	-	-	12.97	108.78	51.32

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.