SHE:301171 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	2,489	2,469	1,559	1,837	1,236
Trading Asset Securities	788.28	526.66	688.4	322.16	-
Cash & Short-Term Investments	3,277	2,995	2,247	2,159	1,236
Cash Growth	9.40%	33.30%	4.09%	74.69%	25.43%
Accounts Receivable	903.86	800.78	888.58	791.04	1,023
Other Receivables	1,673	1,468	1,074	1,642	1,447
Receivables	2,577	2,268	1,963	2,433	2,470
Inventory	0.65	0.77	-	-	-
Prepaid Expenses	0.02	0.01	0.1	-	0.15
Other Current Assets	170.4	117.28	51.65	70.11	50.14
Total Current Assets	6,025	5,382	4,262	4,662	3,756
Property, Plant & Equipment	27.93	33.98	90.34	107.97	123.38
Long-Term Investments	280.82	183.46	165.21	135.39	79.55
Goodwill	35.62	35.62	35.62	-	-
Other Intangible Assets	49.43	56.38	43.84	4.15	4.06
Long-Term Deferred Tax Assets	71.6	50.92	49.28	33.33	24.34
Long-Term Deferred Charges	9.12	11.58	16.66	17.25	9.12
Other Long-Term Assets	24.11	17.79	8.47	3.78	43.84
Total Assets	6,523	5,771	4,671	4,964	4,040
Accounts Payable	512.18	429.56	290.96	302.38	562.52
Accrued Expenses	1,476	1,058	599.78	1,105	1,322
Short-Term Debt	570.6	511.72	100.09	50.06	149.51
Current Portion of Leases	7.41	7.93	12.99	25.02	12.81
Current Income Taxes Payable	103.5	69.89	81.99	78.4	76.1
Current Unearned Revenue	74.6	56.66	58.22	81.33	51
Other Current Liabilities	20.94	15.2	20.12	17.39	43.3
Total Current Liabilities	2,765	2,149	1,164	1,659	2,217
Long-Term Leases	17.8	22.02	88.53	99.75	112.24
Long-Term Unearned Revenue	0.52	2.2	3.59	4.99	6.52
Long-Term Deferred Tax Liabilities	13.66	14.47	11.55	14.97	12.5
Total Liabilities	2,797	2,188	1,268	1,779	2,348
Common Stock	471.89	471.89	471.89	471.89	396.38
Additional Paid-In Capital	1,752	1,667	1,674	1,672	550.39
Retained Earnings	1,474	1,371	1,202	1,014	751.51
Treasury Stock	-10.05	-10.05	-	-	-
Comprehensive Income & Other	20.35	66.63	44.2	26.41	-6.17
Total Common Equity	3,708	3,566	3,393	3,184	1,692
Minority Interest	18.23	18.1	10.57	0.73	-
Shareholders' Equity	3,726	3,584	3,403	3,185	1,692
Total Liabilities & Equity	6,523	5,771	4,671	4,964	4,040
Total Debt	595.8	541.67	201.61	174.84	274.56
Net Cash (Debt)	2,681	2,454	2,045	1,984	961.16
Net Cash Growth	9.28%	19.95%	3.10%	106.41%	-2.44%
Net Cash Per Share	5.60	5.19	4.34	4.69	2.42
Filing Date Shares Outstanding	471.15	471.15	471.89	471.89	396.38
Total Common Shares Outstanding	471.15	471.15	471.89	471.89	396.38
Working Capital	3,259	3,233	3,098	3,003	1,539
Book Value Per Share	7.87	7.57	7.19	6.75	4.27
Tangible Book Value	3,623	3,474	3,313	3,180	1,688
Tangible Book Value Per Share	7.69	7.37	7.02	6.74	4.26
Machinery	22.13	22.6	22.44	23.73	21.99

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