SHE:300428 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	3,362	3,011	2,720	2,887	2,311	2,053
Short-Term Investments	-	30.11	472.12	103.77	152.8	-
Trading Asset Securities	370.76	13.31	1.27	23.87	600.9	202.91
Cash & Short-Term Investments	3,733	3,054	3,193	3,015	3,064	2,256
Cash Growth	-1.12%	-4.35%	5.92%	-1.61%	35.84%	3.67%
Accounts Receivable	8,140	7,798	6,754	5,350	4,609	4,286
Other Receivables	114.89	21.31	72.49	130.52	225.17	226.15
Receivables	8,255	7,819	6,826	5,480	4,834	4,512
Inventory	5,463	5,374	4,608	3,747	3,468	3,222
Prepaid Expenses	-	0.18	0.22	0.01	0.11	0.13
Other Current Assets	1,099	1,125	811.54	630.27	433.31	445.49
Total Current Assets	18,550	17,372	15,439	12,873	11,800	10,435
Property, Plant & Equipment	5,256	5,327	5,013	4,855	4,003	3,055
Long-Term Investments	220.7	213.17	84.66	81.24	109.71	90.94
Goodwill	30.25	31.31	30.12	30	27.86	28.56
Other Intangible Assets	735.26	750.85	704.36	705.66	612.21	576.3
Long-Term Deferred Tax Assets	71.08	64.58	65.97	97.6	130.48	81.95
Long-Term Deferred Charges	16.04	14.89	18.33	7.87	8.92	6.6
Other Long-Term Assets	146.14	126.86	69.81	70.56	253.2	110.99
Total Assets	25,026	23,901	21,426	18,720	16,945	14,386
Accounts Payable	2,815	2,882	2,134	1,919	1,533	1,657
Accrued Expenses	195.36	262.72	191.24	213.7	184.82	217.66
Short-Term Debt	9,656	8,284	7,542	5,262	5,671	4,702
Current Portion of Long-Term Debt	896.57	762.98	670.35	786.04	902.37	303.89
Current Portion of Leases	-	9.13	12.62	11.89	10.4	9.65
Current Income Taxes Payable	82.47	29.21	24.49	33.08	36.35	26.42
Current Unearned Revenue	46.61	46.29	58.46	74.74	47.48	50.05
Other Current Liabilities	318.25	315.79	255.69	242.77	270.99	708.38
Total Current Liabilities	14,011	12,592	10,889	8,543	8,657	7,675
Long-Term Debt	1,541	1,892	2,868	3,062	2,066	1,182
Long-Term Leases	8.46	8.64	41.18	49.86	41.03	50.46
Long-Term Unearned Revenue	139.58	146.65	157.01	184.64	209.92	166.15
Long-Term Deferred Tax Liabilities	3.33	3.17	2	1.18	23.46	8.11
Other Long-Term Liabilities	8.61	8.93	4.11	4.27	4.41	19.96
Total Liabilities	15,711	14,651	13,961	11,845	11,002	9,101
Common Stock	685.58	685.58	633.35	626.02	616.96	616.96
Additional Paid-In Capital	2,731	2,741	1,797	1,684	1,484	1,343
Retained Earnings	5,580	5,382	4,710	4,078	3,522	3,076
Treasury Stock	-	-	-50	-32	-	-
Comprehensive Income & Other	86.75	201.68	160.39	301.99	106.53	31.95
Total Common Equity	9,084	9,010	7,251	6,658	5,730	5,068
Minority Interest	230.38	239.19	214.36	216.77	213.26	216.82
Shareholders' Equity	9,314	9,249	7,465	6,875	5,943	5,284
Total Liabilities & Equity	25,026	23,901	21,426	18,720	16,945	14,386
Total Debt	12,102	10,957	11,134	9,172	8,691	6,247
Net Cash (Debt)	-8,369	-7,903	-7,941	-6,157	-5,627	-3,991
Net Cash Per Share	-12.82	-12.40	-12.24	-9.76	-9.03	-6.65
Filing Date Shares Outstanding	685.58	685.58	630.66	623.33	616.96	616.96
Total Common Shares Outstanding	685.58	685.58	630.66	624.59	616.96	616.96
Working Capital	4,539	4,780	4,551	4,330	3,143	2,760
Book Value Per Share	13.25	13.14	11.50	10.66	9.29	8.21
Tangible Book Value	8,318	8,228	6,516	5,923	5,090	4,463
Tangible Book Value Per Share	12.13	12.00	10.33	9.48	8.25	7.23
Buildings	-	2,369	2,188	2,029	1,527	1,127
Machinery	-	5,829	5,233	4,353	4,020	3,155
Construction In Progress	-	826.35	745.75	1,140	740.54	749.16

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