SHE:300124 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	4,781	7,033	3,558	8,487	7,438	3,951
Short-Term Investments	1,785	2,125	448.49	103.45	-	-
Trading Asset Securities	4,928	5,128	1,783	671.89	2,008	2,075
Cash & Short-Term Investments	11,495	14,286	5,790	9,262	9,446	6,026
Cash Growth	93.98%	146.74%	-37.49%	-1.95%	56.76%	39.78%
Accounts Receivable	18,711	19,337	16,696	14,836	9,848	7,220
Other Receivables	78.92	166.45	381.51	321.71	223.91	108.25
Receivables	18,790	19,504	17,078	15,157	10,072	7,328
Inventory	9,267	8,079	6,956	6,248	5,482	4,214
Other Current Assets	1,355	1,141	627.66	579.87	912.19	850.09
Total Current Assets	40,907	43,009	30,451	31,247	25,913	18,418
Property, Plant & Equipment	11,387	11,330	8,188	6,822	4,826	2,870
Long-Term Investments	5,227	11,231	12,938	5,938	3,974	2,358
Goodwill	2,090	2,095	2,154	2,161	1,975	1,921
Other Intangible Assets	987.68	1,012	807.72	797.44	711.64	583.94
Long-Term Accounts Receivable	-	308.12	228.54	155.35	157.05	106.62
Long-Term Deferred Tax Assets	1,196	1,140	856.05	752.68	674.01	581.5
Long-Term Deferred Charges	509.99	533.53	434.61	309.98	172.26	164.99
Other Long-Term Assets	7,805	655.8	1,122	773.46	808.97	298.72
Total Assets	70,109	71,314	57,179	48,958	39,212	27,303
Accounts Payable	20,922	21,683	16,998	12,311	9,330	6,366
Accrued Expenses	1,333	2,577	2,203	1,841	1,538	1,220
Short-Term Debt	551.65	1,347	479.19	804.27	2,074	404.59
Current Portion of Long-Term Debt	843.5	568.97	712.95	1,030	989.74	830.47
Current Portion of Leases	-	133.03	89.22	46.24	38.79	13.49
Current Income Taxes Payable	415.47	169.55	144.96	127.71	13.07	44.21
Current Unearned Revenue	888.14	775.19	903.18	870.69	987.13	580.19
Other Current Liabilities	2,773	2,641	1,843	2,613	1,089	537.46
Total Current Liabilities	27,727	29,894	23,374	19,644	16,059	9,996
Long-Term Debt	1,446	1,572	2,874	2,345	1,796	597.01
Long-Term Leases	238.03	211.41	146.66	86.63	90.01	18.01
Long-Term Unearned Revenue	380.63	385.1	374.2	282.2	268.06	112.77
Pension & Post-Retirement Benefits	11.47	13.34	13.11	11.98	-	-
Long-Term Deferred Tax Liabilities	187.92	198.22	245.82	261.62	189.9	69.19
Other Long-Term Liabilities	1,945	1,905	1,722	1,325	696.38	180.5
Total Liabilities	31,936	34,180	28,750	23,957	19,100	10,974
Common Stock	2,707	2,707	2,692	2,677	2,659	2,635
Additional Paid-In Capital	9,467	9,409	6,147	5,670	4,775	4,211
Retained Earnings	24,398	23,384	19,439	16,358	12,574	9,044
Treasury Stock	-145.65	-145.65	-260.93	-237.72	-205.6	-
Comprehensive Income & Other	-44.82	-1.71	-23.26	14.47	13.88	-6.44
Total Common Equity	36,382	35,353	27,994	24,482	19,816	15,883
Minority Interest	1,791	1,782	434.75	519.1	295.66	446.39
Shareholders' Equity	38,173	37,135	28,429	25,001	20,112	16,330
Total Liabilities & Equity	70,109	71,314	57,179	48,958	39,212	27,303
Total Debt	3,079	3,832	4,302	4,312	4,989	1,864
Net Cash (Debt)	8,416	10,453	1,487	4,950	4,457	4,162
Net Cash Growth	494.43%	602.73%	-69.95%	11.05%	7.09%	62.81%
Net Cash Per Share	3.07	3.83	0.56	1.86	1.68	1.58
Filing Date Shares Outstanding	2,068	2,707	2,694	2,689	2,658	2,632
Total Common Shares Outstanding	2,068	2,707	2,694	2,689	2,656	2,635
Working Capital	13,180	13,115	7,077	11,604	9,853	8,422
Book Value Per Share	17.59	13.06	10.39	9.10	7.46	6.03
Tangible Book Value	33,304	32,246	25,033	21,523	17,130	13,379
Tangible Book Value Per Share	16.10	11.91	9.29	8.00	6.45	5.08
Land	-	39.91	40.26	44.95	-	-
Buildings	-	5,345	4,176	2,772	1,779	1,349
Machinery	-	7,332	4,938	3,599	2,341	1,730
Construction In Progress	-	1,119	919.46	1,968	1,748	679.71

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