SHE:301017 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	1,461	1,241	1,405	1,397	1,860	622.06
Trading Asset Securities	1	-	-	100.07	-	121.42
Cash & Short-Term Investments	1,462	1,241	1,405	1,498	1,860	743.47
Cash Growth	5.58%	-11.69%	-6.20%	-19.50%	150.23%	31.79%
Accounts Receivable	1,122	1,096	1,313	1,346	896.39	462.04
Other Receivables	306.26	313.38	191.04	49.18	33.84	44.23
Receivables	1,428	1,410	1,504	1,395	930.24	506.27
Inventory	1,961	1,893	1,891	2,068	1,794	1,226
Prepaid Expenses	-	-	0.53	0.35	-	-
Other Current Assets	600.04	476.39	520.91	549.6	388.23	254.2
Total Current Assets	5,451	5,020	5,321	5,511	4,972	2,730
Property, Plant & Equipment	1,299	1,327	1,425	1,427	1,257	1,025
Long-Term Investments	207.58	206.49	232.3	225.03	258.25	225.81
Goodwill	2,264	2,264	1,753	1,387	975.06	667.24
Other Intangible Assets	144.95	147.75	130.13	128.18	111.51	68.92
Long-Term Deferred Tax Assets	152.31	136.18	164.24	83.06	52.88	48.6
Long-Term Deferred Charges	95.05	94.29	97.23	116.46	102.66	68.44
Other Long-Term Assets	211.85	211.51	150.56	455.86	133.07	167.83
Total Assets	9,827	9,408	9,273	9,334	7,863	5,003
Accounts Payable	3,381	3,146	2,510	1,898	1,777	1,021
Accrued Expenses	100.62	120.04	139.61	152.73	159.8	95.75
Short-Term Debt	1,090	869.48	1,685	1,631	1,210	550.79
Current Portion of Long-Term Debt	779.23	760.98	232.24	144.55	51.77	10.64
Current Portion of Leases	-	-	377.74	425.68	337.31	242.21
Current Income Taxes Payable	93.31	86.62	57.44	33.19	56.42	20.62
Current Unearned Revenue	55.73	65.25	75.98	91.4	68.57	27.96
Other Current Liabilities	425.37	498.68	284.83	887.02	545.63	653.6
Total Current Liabilities	5,926	5,547	5,362	5,264	4,206	2,623
Long-Term Debt	1,229	1,193	1,341	1,338	988.28	162.44
Long-Term Leases	247.12	244.68	410.75	333.91	374.68	270.16
Long-Term Unearned Revenue	17.25	17.33	11.14	11.43	12.27	13.11
Long-Term Deferred Tax Liabilities	14.45	14.94	22.88	19.73	14.47	10.78
Other Long-Term Liabilities	90.03	96.7	-	0.75	-	9.26
Total Liabilities	7,523	7,114	7,148	6,967	5,596	3,089
Common Stock	405.61	405.36	405.35	405.34	405.34	405.34
Additional Paid-In Capital	804.46	800.81	831.55	831.33	856.99	857.19
Retained Earnings	829.01	818.65	704.42	913.35	826.9	627.06
Treasury Stock	-	-	-42.97	-	-	-
Comprehensive Income & Other	105.57	106.06	142.01	142.05	142.05	-
Total Common Equity	2,145	2,131	2,040	2,292	2,231	1,890
Minority Interest	158.4	162.55	84.7	74.17	35.79	24.45
Shareholders' Equity	2,303	2,293	2,125	2,366	2,267	1,914
Total Liabilities & Equity	9,827	9,408	9,273	9,334	7,863	5,003
Total Debt	3,345	3,069	4,046	3,873	2,962	1,236
Net Cash (Debt)	-1,883	-1,828	-2,641	-2,376	-1,102	-492.77
Net Cash Per Share	-4.86	-4.48	-6.58	-5.89	-2.74	-1.29
Filing Date Shares Outstanding	345.26	419.15	402.36	405.34	405.34	405.34
Total Common Shares Outstanding	345.26	419.15	402.36	405.34	405.34	405.34
Working Capital	-474.42	-527.34	-41.32	246.84	766.05	107.45
Book Value Per Share	6.21	5.08	4.72	5.30	5.15	4.66
Tangible Book Value	-264.75	-281.32	157.73	776.71	1,145	1,153
Tangible Book Value Per Share	-0.77	-0.67	0.04	1.57	2.47	2.85
Buildings	-	-	538.31	415.79	412.23	369.65
Machinery	-	-	301.19	246.47	201.96	164.94
Construction In Progress	-	-	162.87	145.59	25.61	22.61

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