SHE:300438 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	2,001	1,646	2,241	1,262	1,221
Trading Asset Securities	66.7	104.68	20.77	36.81	66.03
Cash & Short-Term Investments	2,068	1,751	2,262	1,299	1,287
Cash Growth	18.07%	-22.60%	74.18%	0.89%	-12.81%
Accounts Receivable	5,110	3,810	2,346	3,011	1,822
Other Receivables	69.19	74.84	59.17	29.93	43.97
Receivables	5,179	3,885	2,605	3,041	1,866
Inventory	4,194	2,798	3,103	2,608	1,604
Prepaid Expenses	-	13.28	6.96	2.38	5.33
Other Current Assets	522.82	577.7	474.79	193.07	331.05
Total Current Assets	11,963	9,025	8,452	7,143	5,094
Property, Plant & Equipment	7,479	6,395	6,110	3,685	2,619
Long-Term Investments	417.06	549.06	317.48	207.21	114.84
Goodwill	17.52	12.15	12.15	12.15	28.5
Other Intangible Assets	985.56	472.31	436.69	395.08	305.93
Long-Term Accounts Receivable	-	8.35	-	-	-
Long-Term Deferred Tax Assets	293.02	202.21	174.89	184.54	137.06
Long-Term Deferred Charges	111.14	76.13	38.79	31.69	64.19
Other Long-Term Assets	119.84	128.61	126.64	456.6	143.89
Total Assets	21,386	16,868	15,669	12,115	8,507
Accounts Payable	8,241	6,068	4,852	4,284	3,316
Accrued Expenses	206.02	221.72	136.73	144.03	117.35
Short-Term Debt	1,456	1,504	896.26	803.66	593.79
Current Portion of Long-Term Debt	344.78	541.24	32.58	24.4	0.19
Current Portion of Leases	-	27.17	20.54	13.19	11.93
Current Income Taxes Payable	123.41	21.35	13.33	6.87	7.45
Current Unearned Revenue	826.25	306.31	739.52	362.33	292.06
Other Current Liabilities	1,102	511.65	544.05	892.63	108.78
Total Current Liabilities	12,300	9,202	7,235	6,531	4,448
Long-Term Debt	1,380	1,268	1,620	631.66	671.92
Long-Term Leases	580.51	126.18	125.72	52.65	45.17
Long-Term Unearned Revenue	903.92	788.94	809.18	443.04	241.79
Long-Term Deferred Tax Liabilities	35.7	23.52	54.61	140.41	96.48
Other Long-Term Liabilities	665.98	209.4	206.5	148.31	50.15
Total Liabilities	15,866	11,618	10,052	7,947	5,553
Common Stock	503.34	503.34	503.44	461.29	433.5
Additional Paid-In Capital	3,065	3,034	3,050	1,615	1,068
Retained Earnings	1,753	1,547	1,830	1,856	1,249
Treasury Stock	-32.47	-59.99	-45.08	-12.25	-60.17
Comprehensive Income & Other	72.55	63.33	63.95	35.9	71.99
Total Common Equity	5,361	5,088	5,402	3,956	2,762
Minority Interest	159.33	163.41	214.95	211.98	191.1
Shareholders' Equity	5,521	5,251	5,617	4,168	2,953
Total Liabilities & Equity	21,386	16,868	15,669	12,115	8,507
Total Debt	3,761	3,466	2,696	1,526	1,323
Net Cash (Debt)	-1,694	-1,715	-433.33	-226.76	-35.69
Net Cash Per Share	-3.37	-3.40	-0.90	-0.51	-0.08
Filing Date Shares Outstanding	500.1	503.34	503.44	461.29	431.79
Total Common Shares Outstanding	500.1	503.34	503.44	461.29	431.79
Working Capital	-336.74	-177.17	1,217	611.83	645.8
Book Value Per Share	10.72	10.11	10.73	8.58	6.40
Tangible Book Value	4,358	4,603	4,953	3,549	2,428
Tangible Book Value Per Share	8.71	9.15	9.84	7.69	5.62
Buildings	-	1,445	1,477	720.81	592.25
Machinery	-	6,192	5,070	3,685	2,508
Construction In Progress	-	840.2	1,062	442.38	435.63

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