SHE:300119 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	Jan '22 Jan 1, 2022
Cash & Equivalents	568.32	651.19	487.37	338.84	384.42	1,310
Short-Term Investments	-	-	-	199.13	16.01	121.01
Trading Asset Securities	1,113	1,043	1,451	1,283	1,501	577.88
Cash & Short-Term Investments	1,681	1,694	1,939	1,821	1,901	2,009
Cash Growth	-12.40%	-12.62%	6.44%	-4.20%	-5.36%	189.36%
Accounts Receivable	1,130	1,018	1,078	1,004	756.21	606.61
Other Receivables	92.91	72.56	60.18	84.04	36.24	44.45
Receivables	1,223	1,090	1,138	1,088	792.45	651.06
Inventory	521.71	502.12	499.57	496.79	367.06	360.47
Prepaid Expenses	-	1.49	0.7	5.08	-	-
Other Current Assets	108.97	86.7	72.15	80	32.51	41.15
Total Current Assets	3,535	3,375	3,649	3,491	3,093	3,062
Property, Plant & Equipment	1,654	1,659	1,926	1,663	1,600	1,300
Long-Term Investments	1,399	1,401	1,169	1,076	879.55	751.3
Goodwill	442.99	442.99	442.26	229.43	67.8	67.8
Other Intangible Assets	470.87	484.05	493.14	238.49	258.54	245.67
Long-Term Accounts Receivable	-	1.49	1.46	3.09	-	-
Long-Term Deferred Tax Assets	37.07	36.95	26.95	12.37	10.06	50.08
Long-Term Deferred Charges	204.99	198.44	193.94	185.37	143.58	140.58
Other Long-Term Assets	58.79	56.78	64.21	105.85	53.09	73.97
Total Assets	7,802	7,656	7,966	7,006	6,106	5,691
Accounts Payable	480.32	436.83	550.24	599.36	397.43	281.45
Accrued Expenses	34.61	70.48	85.04	89.89	85.18	78.88
Short-Term Debt	860.93	785.59	800.78	550.77	666.71	591.11
Current Portion of Long-Term Debt	302.23	300.17	50.5	14.35	9	-
Current Portion of Leases	-	3.55	10.58	10.38	9.82	47.15
Current Income Taxes Payable	45.15	16.85	10.97	16.43	20.6	6.99
Current Unearned Revenue	59.68	72.76	56.43	23.6	22.36	34.02
Other Current Liabilities	175.47	203.37	686.3	265.09	98.69	84.18
Total Current Liabilities	1,958	1,890	2,251	1,570	1,310	1,124
Long-Term Debt	360.36	368.42	513.81	307.11	191.18	90.13
Long-Term Leases	3.88	2.58	5.25	14.41	0.97	10.6
Long-Term Unearned Revenue	91.02	92.66	63.13	53.54	50.8	53.64
Long-Term Deferred Tax Liabilities	117.05	118.02	125.81	76.63	52.44	88.99
Total Liabilities	2,531	2,471	2,959	2,022	1,605	1,367
Common Stock	464.75	464.75	465.85	466.28	468.02	468.34
Additional Paid-In Capital	2,145	2,145	2,157	2,265	2,203	2,223
Retained Earnings	2,393	2,285	2,019	1,903	1,592	1,409
Treasury Stock	-191.21	-191.21	-171.88	-69.08	-41.15	-67.07
Comprehensive Income & Other	0.05	0.05	-	-	-	-
Total Common Equity	4,811	4,703	4,470	4,566	4,222	4,033
Minority Interest	460.79	481.54	536.97	418.4	279.59	290.99
Shareholders' Equity	5,272	5,185	5,007	4,984	4,501	4,324
Total Liabilities & Equity	7,802	7,656	7,966	7,006	6,106	5,691
Total Debt	1,527	1,460	1,381	897.03	877.68	738.99
Net Cash (Debt)	154.09	233.57	557.7	924.34	1,024	1,270
Net Cash Growth	-67.55%	-58.12%	-39.66%	-9.70%	-19.40%	816.50%
Net Cash Per Share	0.34	0.51	1.21	1.99	2.21	3.16
Filing Date Shares Outstanding	453.99	454.07	455.75	462.59	463.89	464.21
Total Common Shares Outstanding	453.99	454.07	455.75	462.59	463.89	464.21
Working Capital	1,577	1,485	1,398	1,921	1,784	1,938
Book Value Per Share	10.60	10.36	9.81	9.87	9.10	8.69
Tangible Book Value	3,897	3,776	3,535	4,098	3,895	3,719
Tangible Book Value Per Share	8.58	8.32	7.76	8.86	8.40	8.01
Buildings	-	1,546	1,599	1,318	1,041	836.41
Machinery	-	981.59	1,017	765.81	626.75	337.07
Construction In Progress	-	31.89	62.69	87.83	373.75	379.19

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