SHE:000011 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	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	1,526	2,124	1,678	2,749	1,518	2,281
Trading Asset Securities	302.83	301.77	-	-	-	-
Cash & Short-Term Investments	1,829	2,426	1,678	2,749	1,518	2,281
Cash Growth	-17.18%	44.57%	-38.95%	81.14%	-33.47%	-45.78%
Accounts Receivable	523.82	418.37	476.48	503.65	421.03	294.19
Other Receivables	293.48	267.57	273.33	624.4	639.91	926.72
Receivables	817.31	685.93	749.82	1,128	1,061	1,221
Inventory	11,132	11,104	10,685	11,098	10,975	9,125
Prepaid Expenses	-	3.73	2.22	2.9	1.98	33.19
Other Current Assets	244.41	216.3	187.46	136.85	164.01	96.42
Total Current Assets	14,022	14,436	13,303	15,115	13,720	12,756
Property, Plant & Equipment	59.66	64.2	69.68	89.95	152.91	185.63
Long-Term Investments	266.66	269.57	268.77	84.69	80.67	51.36
Goodwill	4.44	4.44	9.45	9.45	9.45	9.45
Other Intangible Assets	2.12	2.16	0.47	0.89	1.27	1.75
Long-Term Accounts Receivable	-	-	-	-	22.65	23.83
Long-Term Deferred Tax Assets	221.18	212.67	1,232	1,276	1,408	1,280
Long-Term Deferred Charges	13.37	15.05	22.11	21.51	21.98	22.75
Other Long-Term Assets	468.76	424.06	387.91	390.32	408.51	504.78
Total Assets	15,059	15,428	15,293	16,988	15,825	14,836
Accounts Payable	802.56	875.64	1,043	662.87	608.28	351.89
Accrued Expenses	177.57	343.44	3,554	4,351	4,321	3,622
Short-Term Debt	414.22	450.51	190.17	230.92	-	-
Current Portion of Long-Term Debt	-	3,851	498.26	3,076	196.65	68.98
Current Portion of Leases	-	13.3	8.44	16.33	22.21	14.94
Current Income Taxes Payable	-	31.09	21.59	91.04	57.1	89.59
Current Unearned Revenue	782.44	712.95	337.91	822.69	923.09	1,376
Other Current Liabilities	4,835	1,140	1,111	1,089	1,378	940.38
Total Current Liabilities	7,012	7,417	6,765	10,340	7,506	6,464
Long-Term Debt	4,747	4,230	4,755	1,400	3,619	3,525
Long-Term Leases	8.73	10.6	11.09	410.68	77.96	83.08
Long-Term Deferred Tax Liabilities	5.61	5.97	4.1	5.86	22.98	0.31
Other Long-Term Liabilities	85.11	529.99	527.6	127.69	128.78	127.49
Total Liabilities	11,858	12,194	12,063	12,284	11,354	10,199
Common Stock	595.98	595.98	595.98	595.98	595.98	595.98
Retained Earnings	2,695	2,722	2,687	3,989	3,742	3,848
Comprehensive Income & Other	75.41	76.9	78.29	77.14	76.63	146.17
Total Common Equity	3,366	3,395	3,362	4,662	4,414	4,590
Minority Interest	-165.54	-160.69	-131.25	41.91	56.32	46.82
Shareholders' Equity	3,201	3,234	3,230	4,704	4,471	4,637
Total Liabilities & Equity	15,059	15,428	15,293	16,988	15,825	14,836
Total Debt	5,170	8,555	5,463	5,134	3,916	3,692
Net Cash (Debt)	-3,341	-6,129	-3,785	-2,385	-2,398	-1,411
Net Cash Per Share	-5.61	-10.29	-6.35	-4.00	-4.02	-2.37
Filing Date Shares Outstanding	595.96	595.98	595.98	595.98	595.98	595.98
Total Common Shares Outstanding	595.96	595.98	595.98	595.98	595.98	595.98
Working Capital	7,011	7,018	6,538	4,775	6,214	6,293
Book Value Per Share	5.65	5.70	5.64	7.82	7.41	7.70
Tangible Book Value	3,360	3,388	3,352	4,651	4,404	4,579
Tangible Book Value Per Share	5.64	5.69	5.62	7.80	7.39	7.68
Buildings	-	104.27	119.19	124.43	129.86	170.77
Machinery	-	86.24	85.63	84.05	82.92	83.15

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