SHE:300815 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	Dec '21 Dec 31, 2021
Cash & Equivalents	1,145	1,073	800	1,121	1,018	1,158
Cash & Short-Term Investments	1,145	1,073	800	1,121	1,018	1,158
Cash Growth	31.11%	34.15%	-28.64%	10.15%	-12.13%	-12.30%
Accounts Receivable	5,117	4,937	4,284	3,320	2,345	1,592
Other Receivables	330.58	362.83	500.05	461.76	363.51	286.01
Receivables	5,447	5,300	4,784	3,782	2,709	1,878
Inventory	157.66	142.22	86.05	40.03	43.87	15.53
Other Current Assets	309.59	323.72	198.77	156.52	129.7	118.73
Total Current Assets	7,060	6,839	5,868	5,100	3,900	3,171
Property, Plant & Equipment	1,625	1,613	1,685	1,161	1,066	961.78
Long-Term Investments	55.46	52.15	87.76	87.63	385.91	378.05
Goodwill	235.09	235.09	223.98	225.87	152.25	48.12
Other Intangible Assets	800.18	777.07	484.9	218.41	251.41	283.41
Long-Term Deferred Tax Assets	164.86	146.14	105.97	76.21	63.54	29.95
Long-Term Deferred Charges	64.54	65.76	148.67	103.5	76.11	65.69
Other Long-Term Assets	732.83	758.79	502.94	369.17	223.42	284.41
Total Assets	10,737	10,487	9,108	7,341	6,119	5,222
Accounts Payable	1,192	1,237	1,023	809.91	572.7	445
Accrued Expenses	384.11	410.55	603.83	530.54	444.17	376.24
Short-Term Debt	2,115	2,067	1,386	909.08	718	514.5
Current Portion of Long-Term Debt	263.96	117.92	128.59	183.07	108	54.74
Current Portion of Leases	-	-	36.03	37.97	42.63	49.56
Current Income Taxes Payable	167.16	191.44	146.61	89.58	82.43	69.5
Current Unearned Revenue	50.18	35.18	20.25	11.09	22.67	22.07
Other Current Liabilities	284.72	254.87	128.69	128.74	46.33	27.51
Total Current Liabilities	4,456	4,314	3,474	2,700	2,037	1,559
Long-Term Debt	528.57	632.48	481.39	263.47	132.5	240.5
Long-Term Leases	46.65	49.75	109.87	51.18	70.35	99.19
Long-Term Unearned Revenue	170.52	149.72	24.13	-	-	-
Long-Term Deferred Tax Liabilities	32.07	30.22	36.57	26.1	20.5	22.98
Other Long-Term Liabilities	215.86	206.12	325.28	242.92	218.49	207.78
Total Liabilities	5,450	5,382	4,451	3,284	2,479	2,130
Common Stock	398.59	398.59	398.59	398.59	332.16	276.8
Additional Paid-In Capital	710.62	710.62	713.05	698.39	772.09	823.67
Retained Earnings	3,593	3,429	3,020	2,525	2,203	1,780
Total Common Equity	4,702	4,538	4,132	3,622	3,308	2,881
Minority Interest	584.92	566.83	524.86	435.98	332.64	212.12
Shareholders' Equity	5,287	5,105	4,657	4,058	3,640	3,093
Total Liabilities & Equity	10,737	10,487	9,108	7,341	6,119	5,222
Total Debt	2,954	2,867	2,142	1,445	1,071	958.5
Net Cash (Debt)	-1,809	-1,793	-1,342	-323.69	-53.68	199.76
Net Cash Growth	-	-	-	-	-	-58.47%
Net Cash Per Share	-4.54	-4.50	-3.36	-0.81	-0.13	0.50
Filing Date Shares Outstanding	398.6	398.58	398.59	398.59	398.59	398.59
Total Common Shares Outstanding	398.6	398.58	398.59	398.59	398.59	398.59
Working Capital	2,603	2,525	2,395	2,400	1,863	1,612
Book Value Per Share	11.80	11.39	10.37	9.09	8.30	7.23
Tangible Book Value	3,667	3,526	3,423	3,177	2,904	2,549
Tangible Book Value Per Share	9.20	8.85	8.59	7.97	7.29	6.40
Buildings	-	-	671.31	113.2	159.63	159.6
Machinery	-	-	2,055	1,934	1,341	1,036
Construction In Progress	-	-	-	12.77	-	-

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