SHE:300115 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	-	2,059	2,257	1,735	1,262
Trading Asset Securities	-	351.43	42.08	20.08	335.17
Cash & Short-Term Investments	2,309	2,410	2,299	1,755	1,597
Cash Growth	-4.22%	4.82%	31.01%	9.92%	-41.55%
Accounts Receivable	-	3,651	3,347	3,310	2,822
Other Receivables	-	63.98	109.72	165.64	201.14
Receivables	-	3,715	3,457	3,476	3,023
Inventory	-	3,699	3,512	3,563	4,255
Other Current Assets	-	642.74	296.24	233.16	311.42
Total Current Assets	-	10,467	9,564	9,028	9,186
Property, Plant & Equipment	-	7,996	7,291	6,603	6,115
Long-Term Investments	-	207.92	50.33	52.16	52.8
Goodwill	-	147.22	147.22	147.22	149.27
Other Intangible Assets	-	633.33	563.71	310.44	197.91
Long-Term Accounts Receivable	-	1.85	4.95	-	-
Long-Term Deferred Tax Assets	-	247.67	312.09	229	135.16
Long-Term Deferred Charges	-	208.37	271.83	389.85	611.46
Other Long-Term Assets	-	258.3	367.75	824.47	530.94
Total Assets	-	20,168	18,573	17,584	16,979
Accounts Payable	-	4,797	3,823	3,128	3,821
Accrued Expenses	-	509.03	439.98	481.04	509.34
Short-Term Debt	-	3,160	3,329	4,450	4,132
Current Portion of Long-Term Debt	-	1,264	1,536	490.07	657.68
Current Portion of Leases	-	171.96	189.24	184.27	194.58
Current Income Taxes Payable	-	28.1	17.91	14.59	13.44
Current Unearned Revenue	-	61.52	79.77	95.81	81.55
Other Current Liabilities	-	53.41	82.94	127.22	113.67
Total Current Liabilities	-	10,046	9,499	8,971	9,523
Long-Term Debt	-	1,171	2,180	1,911	776.46
Long-Term Leases	-	284.12	466.8	627.59	727.6
Long-Term Unearned Revenue	-	306.09	264.58	148.56	88.6
Long-Term Deferred Tax Liabilities	-	36.89	31.15	12.85	5.43
Total Liabilities	-	11,843	12,441	11,671	11,122
Common Stock	-	1,356	1,204	1,201	1,201
Additional Paid-In Capital	-	3,879	2,616	2,569	2,575
Retained Earnings	-	2,777	2,006	1,920	1,904
Comprehensive Income & Other	-	-41.6	-22.44	-12.85	-0.22
Total Common Equity	8,284	7,971	5,803	5,677	5,679
Minority Interest	-	354.29	328.08	235.43	178.02
Shareholders' Equity	8,735	8,325	6,131	5,912	5,857
Total Liabilities & Equity	-	20,168	18,573	17,584	16,979
Total Debt	7,822	6,052	7,702	7,663	6,489
Net Cash (Debt)	-5,514	-3,641	-5,402	-5,908	-4,892
Net Cash Per Share	-4.05	-2.83	-4.41	-5.58	-4.05
Filing Date Shares Outstanding	1,361	1,356	1,204	1,201	1,201
Total Common Shares Outstanding	1,361	1,356	1,204	1,201	1,201
Working Capital	-	421.64	65.82	56.09	-336.98
Book Value Per Share	6.09	5.88	4.82	4.73	4.73
Tangible Book Value	7,407	7,190	5,092	5,219	5,332
Tangible Book Value Per Share	5.44	5.30	4.23	4.35	4.44
Buildings	-	2,145	1,529	1,034	765.19
Machinery	-	10,159	9,443	8,558	7,374
Construction In Progress	-	1,224	1,103	865.01	909.37

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