SHE:301035 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	3,336	3,552	3,130	3,272	3,794	3,726
Trading Asset Securities	11.95	-	-	6	8.54	200
Cash & Short-Term Investments	3,348	3,552	3,130	3,278	3,802	3,926
Cash Growth	18.05%	13.47%	-4.50%	-13.80%	-3.14%	62.51%
Accounts Receivable	5,419	5,208	5,387	4,763	3,261	2,364
Other Receivables	70.68	37.05	33.59	36.83	20.09	1.89
Receivables	5,489	5,245	5,420	4,800	3,282	2,366
Inventory	3,528	2,654	2,418	3,336	1,657	1,775
Other Current Assets	609.52	491.2	509.44	466.74	273.56	399.36
Total Current Assets	12,974	11,941	11,478	11,881	9,015	8,466
Property, Plant & Equipment	3,205	3,127	2,751	2,418	2,067	1,519
Long-Term Investments	0.85	0.94	1.16	1.45	1.67	1.81
Goodwill	89.56	89.56	89.56	94.87	94.87	26.95
Other Intangible Assets	375.86	346.01	289.26	214.12	226.25	118
Long-Term Deferred Tax Assets	468.23	403.05	351.42	117.26	84.61	46.89
Long-Term Deferred Charges	425.34	432.19	239.49	70.92	31.9	1.97
Other Long-Term Assets	88.86	70.93	96.17	100.66	79.55	130.97
Total Assets	17,628	16,412	15,296	14,898	11,601	10,312
Accounts Payable	5,552	5,346	4,553	5,154	4,120	4,249
Accrued Expenses	235.59	418.34	319.19	265.25	235.59	175.05
Short-Term Debt	2,555	1,705	2,499	2,261	404.21	550.35
Current Portion of Long-Term Debt	185.46	213.32	54.9	4.63	15.82	15.75
Current Portion of Leases	-	5.68	8.7	4.99	5.58	3.92
Current Income Taxes Payable	196.72	101.57	57.72	27.75	57.4	61.27
Current Unearned Revenue	65.64	51.04	105.24	29.59	46.04	45.1
Other Current Liabilities	154.84	143.95	171.42	146.11	231.85	71.17
Total Current Liabilities	8,945	7,985	7,770	7,894	5,117	5,171
Long-Term Debt	280.8	232.8	345.77	77.62	17.18	25.56
Long-Term Leases	49.06	38.4	31.67	8.22	8.6	13.31
Long-Term Unearned Revenue	19.76	20.32	13.11	11.71	13.76	13.95
Long-Term Deferred Tax Liabilities	165.08	130.78	86.67	67.15	57.67	43.57
Other Long-Term Liabilities	26.56	26.95	-	-	-	0.84
Total Liabilities	9,487	8,434	8,247	8,058	5,214	5,269
Common Stock	280.77	280.77	280.77	278.66	277.12	276.18
Additional Paid-In Capital	2,475	2,471	2,442	2,383	2,301	2,227
Retained Earnings	5,019	4,854	4,021	3,900	3,580	2,397
Treasury Stock	-124.84	-124.84	-124.84	-	-	-
Comprehensive Income & Other	36.61	68.24	41.42	-15.2	25.37	8.39
Total Common Equity	7,687	7,549	6,661	6,546	6,184	4,909
Minority Interest	454.18	428.47	388.39	293.54	202.96	134.38
Shareholders' Equity	8,141	7,978	7,049	6,840	6,387	5,043
Total Liabilities & Equity	17,628	16,412	15,296	14,898	11,601	10,312
Total Debt	3,071	2,195	2,940	2,357	451.38	608.9
Net Cash (Debt)	277.23	1,357	189.56	920.66	3,351	3,317
Net Cash Growth	-	615.81%	-79.41%	-72.53%	1.03%	94.31%
Net Cash Per Share	0.99	4.85	0.68	3.31	12.02	14.06
Filing Date Shares Outstanding	278.27	278.27	278.27	278.66	277.12	276.18
Total Common Shares Outstanding	278.27	278.27	278.27	278.66	277.12	276.18
Working Capital	4,029	3,957	3,708	3,987	3,898	3,295
Book Value Per Share	27.62	27.13	23.94	23.49	22.32	17.77
Tangible Book Value	7,222	7,114	6,282	6,237	5,863	4,764
Tangible Book Value Per Share	25.95	25.56	22.57	22.38	21.16	17.25
Buildings	-	1,471	1,145	980.52	911.73	629.75
Machinery	-	2,788	2,362	1,955	1,531	1,242
Construction In Progress	-	251.27	380.86	395.65	360.84	281.86

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