SHE:301078 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	1,572	1,398	2,472	1,859	1,645
Short-Term Investments	136.97	177.21	252.26	-	-
Trading Asset Securities	2,031	1,969	905.26	969.33	1,278
Cash & Short-Term Investments	3,740	3,545	3,630	2,828	2,922
Cash Growth	5.51%	-2.33%	28.33%	-3.22%	0.38%
Accounts Receivable	99.37	81.96	84.19	78.03	75.79
Other Receivables	81.4	78.1	90.99	83.11	73.4
Receivables	180.77	160.06	175.18	161.14	149.19
Inventory	902.46	927.34	1,120	957.32	910.12
Other Current Assets	330.14	263.08	331.01	194.12	173.3
Total Current Assets	5,154	4,895	5,255	4,141	4,155
Property, Plant & Equipment	2,763	2,403	2,629	2,808	3,196
Long-Term Investments	44.4	176.77	244.83	423.81	235.55
Goodwill	1,932	781.69	781.69	-	-
Other Intangible Assets	519.86	396.41	396.34	174.11	180.23
Long-Term Deferred Tax Assets	105.32	75.87	57.07	52.02	45.4
Long-Term Deferred Charges	161.48	129.26	172.84	202.06	262.68
Other Long-Term Assets	92.59	364.96	70.72	55.68	51.05
Total Assets	10,772	9,224	9,607	7,857	8,126
Accounts Payable	1,592	1,477	1,158	1,166	1,331
Accrued Expenses	283.85	224.65	266.7	212.96	327.84
Short-Term Debt	5	-	-	-	1
Current Portion of Long-Term Debt	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	50.72	25.58	40.31	10.66	21.81
Current Unearned Revenue	530.29	222.42	252.59	310.11	314.05
Other Current Liabilities	388.29	621.55	453.17	396.69	157.9
Total Current Liabilities	3,749	3,212	2,855	2,637	2,704
Long-Term Debt	1,879	837.68	1,911	395.64	305.95
Long-Term Leases	988.29	1,145	1,497	1,846	2,248
Long-Term Unearned Revenue	4.99	3.24	4.93	6.88	8.81
Long-Term Deferred Tax Liabilities	56.27	29.47	32.62	4.15	5.95
Other Long-Term Liabilities	75.27	14.36	10.47	4.18	4.65
Total Liabilities	6,754	5,241	6,311	4,894	5,278
Common Stock	1,261	1,258	1,110	1,112	1,088
Additional Paid-In Capital	1,815	1,786	1,197	1,112	992.61
Retained Earnings	1,287	1,077	972.89	867.78	767.43
Treasury Stock	-108.58	-140.31	-174.85	-130.32	-
Comprehensive Income & Other	-	-	35.99	-	-
Total Common Equity	4,254	3,981	3,141	2,962	2,848
Minority Interest	-235.34	1.48	155.28	0.74	0.2
Shareholders' Equity	4,019	3,982	3,296	2,963	2,848
Total Liabilities & Equity	10,772	9,224	9,607	7,857	8,126
Total Debt	3,772	2,624	4,092	2,783	3,106
Net Cash (Debt)	-32.05	921.38	-462.69	45.69	-183.51
Net Cash Per Share	-0.03	0.82	-0.42	0.04	-0.18
Filing Date Shares Outstanding	1,252	1,249	1,102	1,088	1,088
Total Common Shares Outstanding	1,252	1,249	1,104	1,088	1,088
Working Capital	1,404	1,684	2,400	1,504	1,451
Book Value Per Share	3.40	3.19	2.85	2.72	2.62
Tangible Book Value	1,802	2,803	1,963	2,788	2,668
Tangible Book Value Per Share	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

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.