SHE:000544 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	1,982	2,480	1,509	1,599	3,971	2,589
Cash & Short-Term Investments	1,982	2,480	1,509	1,599	3,971	2,589
Cash Growth	36.71%	64.32%	-5.60%	-59.74%	53.35%	-13.68%
Accounts Receivable	11,778	10,926	8,126	5,071	2,974	934.23
Other Receivables	32.18	33.29	28.79	41.92	131.45	37.27
Receivables	11,810	10,959	8,155	5,113	3,105	971.49
Inventory	28.4	31.41	20.84	40.68	50.52	51.96
Other Current Assets	185.79	181.67	146.14	149.28	115.41	120.91
Total Current Assets	14,006	13,652	9,831	6,902	7,242	3,734
Property, Plant & Equipment	3,528	2,755	2,576	2,652	2,812	2,885
Long-Term Investments	132.31	136.04	144.87	140.49	149.92	178.96
Other Intangible Assets	10,745	10,779	10,095	9,855	7,918	2,864
Long-Term Accounts Receivable	-	15,662	16,638	16,554	14,801	10,840
Long-Term Deferred Tax Assets	172.36	158.25	124.09	117.44	106.21	48.43
Long-Term Deferred Charges	17.2	19.25	5.41	6.47	10.18	11.45
Other Long-Term Assets	17,038	2,028	647.56	600.04	860.42	723.98
Total Assets	45,639	45,189	40,062	36,828	33,900	21,284
Accounts Payable	3,588	3,937	3,701	3,859	3,859	2,321
Accrued Expenses	46.35	194.35	188.91	148.9	113.45	91.78
Short-Term Debt	71.88	166.6	537.66	606.17	880.95	1,609
Current Portion of Long-Term Debt	2,817	2,628	2,758	795.75	1,143	1,133
Current Portion of Leases	-	37.7	36.31	32.46	35.95	7.47
Current Income Taxes Payable	74.74	40.98	27.59	30.04	27.11	11.51
Current Unearned Revenue	35.49	108.26	101.06	93.24	197.61	198.47
Other Current Liabilities	423.5	445.34	372.68	2,410	165.26	139.89
Total Current Liabilities	7,057	7,558	7,723	7,975	6,422	5,512
Long-Term Debt	24,079	23,699	19,696	18,519	13,641	7,300
Long-Term Leases	1.05	55.77	93.06	123.16	155.21	6.96
Long-Term Unearned Revenue	398.61	465.39	338.11	360.45	283.18	289.95
Long-Term Deferred Tax Liabilities	81.24	81.87	96.78	110.9	109.67	100.15
Other Long-Term Liabilities	1,706	1,322	1,388	1,335	1,192	840.25
Total Liabilities	33,323	33,182	29,335	28,425	21,803	14,049
Common Stock	974.68	974.68	974.68	974.68	974.68	974.68
Additional Paid-In Capital	3,921	3,947	3,947	3,941	8,361	3,852
Retained Earnings	4,469	4,139	3,360	2,537	1,823	1,605
Comprehensive Income & Other	2,041	2,045	1,554	51.19	57.75	84.72
Total Common Equity	11,406	11,105	9,836	7,503	11,216	6,517
Minority Interest	910.03	901.8	891.01	899.87	880.34	718.46
Shareholders' Equity	12,316	12,007	10,727	8,403	12,097	7,235
Total Liabilities & Equity	45,639	45,189	40,062	36,828	33,900	21,284
Total Debt	26,969	26,587	23,121	20,077	15,857	10,056
Net Cash (Debt)	-24,986	-24,107	-21,612	-18,478	-11,886	-7,467
Net Cash Per Share	-25.63	-24.73	-22.17	-18.96	-12.19	-7.63
Filing Date Shares Outstanding	997.74	974.68	974.68	974.68	974.68	974.68
Total Common Shares Outstanding	997.74	974.68	974.68	974.68	974.68	974.68
Working Capital	6,949	6,094	2,108	-1,073	819.66	-1,778
Book Value Per Share	11.43	11.39	10.09	7.70	11.51	6.69
Tangible Book Value	661.4	326.84	-259.12	-2,352	3,299	3,653
Tangible Book Value Per Share	0.66	0.34	-0.27	-2.41	3.38	3.75
Buildings	-	2,938	2,908	2,837	2,861	2,846
Machinery	-	1,350	1,202	1,189	1,197	1,088
Construction In Progress	-	344.04	218.83	211.84	196.66	193.79

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