SHE:301078 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	1,347	1,572	1,398	2,472	1,859	1,645
Short-Term Investments	-	136.97	177.21	252.26	-	-
Trading Asset Securities	2,616	2,031	1,969	905.26	969.33	1,278
Cash & Short-Term Investments	3,963	3,740	3,545	3,630	2,828	2,922
Cash Growth	10.11%	5.51%	-2.33%	28.33%	-3.22%	0.38%
Accounts Receivable	91.6	99.37	81.96	84.19	78.03	75.79
Other Receivables	118.3	81.4	78.1	90.99	83.11	73.4
Receivables	209.9	180.77	160.06	175.18	161.14	149.19
Inventory	934.44	902.46	927.34	1,120	957.32	910.12
Other Current Assets	414.4	330.14	263.08	331.01	194.12	173.3
Total Current Assets	5,522	5,154	4,895	5,255	4,141	4,155
Property, Plant & Equipment	2,696	2,763	2,403	2,629	2,808	3,196
Long-Term Investments	14.28	44.4	176.77	244.83	423.81	235.55
Goodwill	1,932	1,932	781.69	781.69	-	-
Other Intangible Assets	516.85	519.86	396.41	396.34	174.11	180.23
Long-Term Deferred Tax Assets	114.32	105.32	75.87	57.07	52.02	45.4
Long-Term Deferred Charges	165.34	161.48	129.26	172.84	202.06	262.68
Other Long-Term Assets	99.08	92.59	364.96	70.72	55.68	51.05
Total Assets	11,060	10,772	9,224	9,607	7,857	8,126
Accounts Payable	1,825	1,592	1,477	1,158	1,166	1,331
Accrued Expenses	143.46	283.85	224.65	266.7	212.96	327.84
Short-Term Debt	550.48	5	-	-	-	1
Current Portion of Long-Term Debt	823.64	462.42	151.73	139.55	27.32	28.63
Current Portion of Leases	-	437.12	489.27	544.89	513.43	522.2
Current Income Taxes Payable	57.85	50.72	25.58	40.31	10.66	21.81
Current Unearned Revenue	507.62	530.29	222.42	252.59	310.11	314.05
Other Current Liabilities	350.53	388.29	621.55	453.17	396.69	157.9
Total Current Liabilities	4,259	3,749	3,212	2,855	2,637	2,704
Long-Term Debt	1,638	1,879	837.68	1,911	395.64	305.95
Long-Term Leases	939.37	988.29	1,145	1,497	1,846	2,248
Long-Term Unearned Revenue	4.64	4.99	3.24	4.93	6.88	8.81
Long-Term Deferred Tax Liabilities	55.34	56.27	29.47	32.62	4.15	5.95
Other Long-Term Liabilities	74.6	75.27	14.36	10.47	4.18	4.65
Total Liabilities	6,971	6,754	5,241	6,311	4,894	5,278
Common Stock	1,261	1,261	1,258	1,110	1,112	1,088
Additional Paid-In Capital	1,817	1,815	1,786	1,197	1,112	992.61
Retained Earnings	1,335	1,287	1,077	972.89	867.78	767.43
Treasury Stock	-108.58	-108.58	-140.31	-174.85	-130.32	-
Comprehensive Income & Other	-	-	-	35.99	-	-
Total Common Equity	4,305	4,254	3,981	3,141	2,962	2,848
Minority Interest	-215.66	-235.34	1.48	155.28	0.74	0.2
Shareholders' Equity	4,089	4,019	3,982	3,296	2,963	2,848
Total Liabilities & Equity	11,060	10,772	9,224	9,607	7,857	8,126
Total Debt	3,952	3,772	2,624	4,092	2,783	3,106
Net Cash (Debt)	11.48	-32.05	921.38	-462.69	45.69	-183.51
Net Cash Growth	-97.42%	-	-	-	-	-
Net Cash Per Share	0.01	-0.03	0.82	-0.42	0.04	-0.18
Filing Date Shares Outstanding	1,252	1,252	1,249	1,102	1,088	1,088
Total Common Shares Outstanding	1,252	1,252	1,249	1,104	1,088	1,088
Working Capital	1,263	1,404	1,684	2,400	1,504	1,451
Book Value Per Share	3.44	3.40	3.19	2.85	2.72	2.62
Tangible Book Value	1,856	1,802	2,803	1,963	2,788	2,668
Tangible Book Value Per Share	1.48	1.44	2.24	1.78	2.56	2.45
Buildings	-	980.98	533.17	533.17	533.17	232.29
Machinery	-	627.87	617.12	630.89	603.08	577.82
Construction In Progress	-	505.43	412.91	199.68	-	186.49

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