SHE:300119 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	651.19	487.37	338.84	384.42	1,310
Short-Term Investments	-	-	199.13	16.01	121.01
Trading Asset Securities	1,043	1,451	1,283	1,501	577.88
Cash & Short-Term Investments	1,694	1,939	1,821	1,901	2,009
Cash Growth	-12.62%	6.44%	-4.20%	-5.36%	189.36%
Accounts Receivable	1,018	1,078	1,004	756.21	606.61
Other Receivables	72.56	60.18	84.04	36.24	44.45
Receivables	1,090	1,138	1,088	792.45	651.06
Inventory	502.12	499.57	496.79	367.06	360.47
Prepaid Expenses	1.49	0.7	5.08	-	-
Other Current Assets	86.7	72.15	80	32.51	41.15
Total Current Assets	3,375	3,649	3,491	3,093	3,062
Property, Plant & Equipment	1,659	1,926	1,663	1,600	1,300
Long-Term Investments	1,401	1,169	1,076	879.55	751.3
Goodwill	442.99	442.26	229.43	67.8	67.8
Other Intangible Assets	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	36.95	26.95	12.37	10.06	50.08
Long-Term Deferred Charges	198.44	193.94	185.37	143.58	140.58
Other Long-Term Assets	56.78	64.21	105.85	53.09	73.97
Total Assets	7,656	7,966	7,006	6,106	5,691
Accounts Payable	436.83	550.24	599.36	397.43	281.45
Accrued Expenses	70.48	85.04	89.89	85.18	78.88
Short-Term Debt	785.59	800.78	550.77	666.71	591.11
Current Portion of Long-Term Debt	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	16.85	10.97	16.43	20.6	6.99
Current Unearned Revenue	72.76	56.43	23.6	22.36	34.02
Other Current Liabilities	203.37	686.3	265.09	98.69	84.18
Total Current Liabilities	1,890	2,251	1,570	1,310	1,124
Long-Term Debt	368.42	513.81	307.11	191.18	90.13
Long-Term Leases	2.58	5.25	14.41	0.97	10.6
Long-Term Unearned Revenue	92.66	63.13	53.54	50.8	53.64
Long-Term Deferred Tax Liabilities	118.02	125.81	76.63	52.44	88.99
Total Liabilities	2,471	2,959	2,022	1,605	1,367
Common Stock	464.75	465.85	466.28	468.02	468.34
Additional Paid-In Capital	2,145	2,157	2,265	2,203	2,223
Retained Earnings	2,285	2,019	1,903	1,592	1,409
Treasury Stock	-191.21	-171.88	-69.08	-41.15	-67.07
Comprehensive Income & Other	0.05	-	-	-	-
Total Common Equity	4,703	4,470	4,566	4,222	4,033
Minority Interest	481.54	536.97	418.4	279.59	290.99
Shareholders' Equity	5,185	5,007	4,984	4,501	4,324
Total Liabilities & Equity	7,656	7,966	7,006	6,106	5,691
Total Debt	1,460	1,381	897.03	877.68	738.99
Net Cash (Debt)	233.57	557.7	924.34	1,024	1,270
Net Cash Growth	-58.12%	-39.66%	-9.70%	-19.40%	816.50%
Net Cash Per Share	0.51	1.21	1.99	2.21	3.16
Filing Date Shares Outstanding	454.07	455.75	462.59	463.89	464.21
Total Common Shares Outstanding	454.07	455.75	462.59	463.89	464.21
Working Capital	1,485	1,398	1,921	1,784	1,938
Book Value Per Share	10.36	9.81	9.87	9.10	8.69
Tangible Book Value	3,776	3,535	4,098	3,895	3,719
Tangible Book Value Per Share	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.