SHE:300171 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	2,863	3,118	2,510	2,288	4,710	2,451
Short-Term Investments	-	-	1,017	213.3	336.34	-
Trading Asset Securities	822.85	714.71	449.24	545.43	282.7	1,369
Cash & Short-Term Investments	3,686	3,832	3,976	3,047	5,329	3,820
Cash Growth	-1.14%	-3.62%	30.49%	-42.83%	39.49%	23.38%
Accounts Receivable	2,167	2,117	2,115	1,996	1,719	1,164
Other Receivables	45.59	36.84	148.18	114.7	39.04	9.74
Receivables	2,212	2,154	2,263	2,111	1,759	1,174
Inventory	3,231	3,199	3,273	3,611	3,899	3,198
Prepaid Expenses	-	-	-	-	5.79	4.69
Other Current Assets	1,066	987.3	162.7	169.35	271.58	272.07
Total Current Assets	10,195	10,173	9,675	8,938	11,264	8,469
Property, Plant & Equipment	2,175	2,186	2,155	1,764	1,118	547.71
Long-Term Investments	358.86	365.37	219.9	299.52	291.65	188.58
Goodwill	168.53	169.39	199.08	146.28	146.28	93.72
Other Intangible Assets	280.38	285.18	283.15	283.85	282.92	153.96
Long-Term Accounts Receivable	-	-	-	9.7	9.7	9.2
Long-Term Deferred Tax Assets	149.15	146.93	141.36	125.46	122.7	81.12
Long-Term Deferred Charges	12.65	15.11	24.71	32.87	34.82	38.07
Other Long-Term Assets	221.03	171.16	370.08	1,299	107.09	158.91
Total Assets	13,561	13,512	13,068	12,898	13,377	9,740
Accounts Payable	1,077	1,076	1,178	1,165	939.86	911.14
Accrued Expenses	88.19	141.62	190.19	170.79	201.92	136.1
Short-Term Debt	24.98	15.15	3.01	2.44	0.41	0.02
Current Portion of Long-Term Debt	0.43	0.83	-	-	-	-
Current Portion of Leases	-	-	2.71	2.73	4.27	5.66
Current Income Taxes Payable	61.23	73.3	14.95	15.17	47.19	66.66
Current Unearned Revenue	3,725	3,623	3,296	3,112	4,121	3,731
Other Current Liabilities	174.42	199.65	180.46	177.25	281.13	343.77
Total Current Liabilities	5,152	5,130	4,866	4,646	5,596	5,194
Long-Term Debt	85.86	70.83	5	-	-	-
Long-Term Leases	1.33	1.36	1.77	1.44	1.31	2.57
Long-Term Unearned Revenue	118.94	121.72	121.56	99.31	77.04	27.36
Long-Term Deferred Tax Liabilities	9.55	10.07	10.8	12.48	34.79	21.39
Other Long-Term Liabilities	4.26	6.39	16.8	29.43	23.6	16.16
Total Liabilities	5,372	5,340	5,022	4,789	5,733	5,262
Common Stock	765.83	765.83	765.83	760.77	755.42	628.34
Additional Paid-In Capital	3,524	3,524	3,525	3,537	3,473	1,133
Retained Earnings	3,585	3,558	3,438	3,426	3,075	2,471
Treasury Stock	-63.94	-63.94	-63.94	-	-	-
Comprehensive Income & Other	145.04	150.3	140.87	154.96	139.22	89.78
Total Common Equity	7,956	7,934	7,805	7,879	7,443	4,322
Minority Interest	233.97	238.45	241.3	230.23	201.46	156.32
Shareholders' Equity	8,190	8,172	8,047	8,109	7,644	4,478
Total Liabilities & Equity	13,561	13,512	13,068	12,898	13,377	9,740
Total Debt	112.6	88.17	12.5	6.6	6	8.25
Net Cash (Debt)	3,574	3,744	3,964	3,040	5,323	3,812
Net Cash Growth	-3.42%	-5.54%	30.36%	-42.88%	39.63%	23.12%
Net Cash Per Share	4.65	4.86	5.31	4.00	8.36	5.99
Filing Date Shares Outstanding	760.07	799.73	760.85	759.61	755.52	628.34
Total Common Shares Outstanding	760.07	799.73	760.85	760.77	755.42	628.34
Working Capital	5,044	5,043	4,809	4,292	5,668	3,275
Book Value Per Share	10.47	9.92	10.26	10.36	9.85	6.88
Tangible Book Value	7,507	7,479	7,323	7,449	7,013	4,074
Tangible Book Value Per Share	9.88	9.35	9.63	9.79	9.28	6.48
Buildings	-	-	1,589	764.27	798.32	397.66
Machinery	-	-	539.88	438.46	346.61	236.34
Construction In Progress	-	-	508.46	942.94	291.09	186.52

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