SHE:300450 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	6,057	4,230	3,669	6,169	2,865
Short-Term Investments	-	106.18	128.39	214.76	270.63
Trading Asset Securities	1,572	432.28	60.02	301.11	3,188
Cash & Short-Term Investments	7,629	4,768	3,857	6,685	6,324
Cash Growth	60.00%	23.62%	-42.30%	5.70%	106.59%
Accounts Receivable	9,396	11,094	12,871	9,273	6,178
Other Receivables	93.81	98.52	102.51	99.18	47.54
Receivables	9,490	11,192	12,973	9,372	6,225
Inventory	14,957	13,580	13,207	12,405	7,776
Other Current Assets	963.04	1,031	652.28	513.27	324.4
Total Current Assets	33,039	30,571	30,690	28,975	20,650
Property, Plant & Equipment	3,195	2,774	1,977	1,630	1,523
Long-Term Investments	5	5	-	-	-
Goodwill	1,087	1,087	1,087	1,087	1,088
Other Intangible Assets	577.83	622.49	602.15	524.24	303.33
Long-Term Deferred Tax Assets	578.52	680.73	472.66	299.48	125.48
Long-Term Deferred Charges	590.83	442.13	462.06	459.63	309.08
Other Long-Term Assets	0.29	0.22	2.86	1.98	0.75
Total Assets	39,073	36,183	35,293	32,977	24,000
Accounts Payable	8,132	6,946	8,959	9,945	9,271
Accrued Expenses	694.66	721.64	903.43	778.27	539.35
Short-Term Debt	328.01	1,667	184.17	-	33
Current Portion of Long-Term Debt	902.78	119.58	-	-	-
Current Portion of Leases	146.36	120.94	130.69	107.09	139.81
Current Income Taxes Payable	10.14	16.9	51.01	143.46	71.87
Current Unearned Revenue	12,873	11,597	12,573	10,131	3,863
Other Current Liabilities	361.67	475.7	188.99	304.32	236.57
Total Current Liabilities	23,449	21,665	22,990	21,410	14,154
Long-Term Debt	1,817	2,477	-	-	-
Long-Term Leases	478.38	275.73	309.9	306.64	319.46
Long-Term Unearned Revenue	117.48	97.76	73.12	62.03	53.69
Long-Term Deferred Tax Liabilities	91.69	88.43	72.91	73.55	3.94
Total Liabilities	25,953	24,603	23,446	21,852	14,531
Common Stock	1,566	1,566	1,566	1,566	1,564
Additional Paid-In Capital	4,181	4,133	4,130	3,859	3,884
Retained Earnings	7,734	6,258	6,505	5,571	4,034
Treasury Stock	-346.26	-350.02	-350.02	-	-9.44
Comprehensive Income & Other	4.17	-9.61	-2.98	128.22	-3
Total Common Equity	13,140	11,598	11,848	11,125	9,469
Minority Interest	-20.01	-18.15	-0.87	-	-
Shareholders' Equity	13,120	11,579	11,847	11,125	9,469
Total Liabilities & Equity	39,073	36,183	35,293	32,977	24,000
Total Debt	3,672	4,659	624.76	413.73	492.27
Net Cash (Debt)	3,957	108.61	3,232	6,271	5,832
Net Cash Growth	3543.20%	-96.64%	-48.45%	7.53%	114.95%
Net Cash Per Share	2.53	0.07	2.06	4.01	4.72
Filing Date Shares Outstanding	1,663	1,555	1,555	1,566	1,564
Total Common Shares Outstanding	1,555	1,555	1,555	1,566	1,564
Working Capital	9,590	8,906	7,700	7,566	6,496
Book Value Per Share	8.45	7.46	7.62	7.10	6.06
Tangible Book Value	11,475	9,888	10,160	9,514	8,078
Tangible Book Value Per Share	7.38	6.36	6.53	6.07	5.17
Land	12.84	11.73	12.96	12.2	-
Buildings	2,373	1,802	881.65	775.18	596.12
Machinery	801.18	727.86	665.14	609.02	511.1
Construction In Progress	129.77	423.92	439.3	178.07	214.88

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