SHE:000725 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	72,223	74,253	72,467	68,800	80,987
Trading Asset Securities	1,671	3,116	7,756	17,188	10,028
Cash & Short-Term Investments	73,893	77,369	80,223	85,988	91,015
Cash Growth	-4.49%	-3.56%	-6.70%	-5.52%	16.59%
Accounts Receivable	33,786	37,300	34,245	28,487	35,797
Other Receivables	1,016	979.39	867.47	1,084	2,049
Receivables	34,802	38,279	35,113	29,571	37,846
Inventory	27,749	23,313	24,322	23,049	28,454
Prepaid Expenses	-	-	238.02	-	-
Other Current Assets	5,432	4,426	3,295	3,623	3,924
Total Current Assets	141,876	143,387	143,191	142,231	161,239
Property, Plant & Equipment	240,050	235,818	240,766	250,060	259,994
Long-Term Investments	32,955	30,059	16,480	14,928	7,167
Goodwill	653.58	653.58	704.71	660.82	1,130
Other Intangible Assets	12,798	11,263	11,566	8,948	11,209
Long-Term Accounts Receivable	-	0.49	-	-	-
Long-Term Deferred Tax Assets	854.03	694.89	396.88	76.01	190.34
Long-Term Deferred Charges	723.31	707.77	701.47	556.94	636.53
Other Long-Term Assets	6,470	7,394	5,382	3,106	8,666
Total Assets	436,378	429,978	419,187	420,568	450,233
Accounts Payable	38,622	38,113	33,897	30,705	33,284
Accrued Expenses	4,350	4,949	3,876	4,534	6,767
Short-Term Debt	3,655	1,563	1,746	2,374	2,072
Current Portion of Long-Term Debt	25,597	42,892	24,221	21,931	27,908
Current Portion of Leases	156.7	147.06	215.88	261.42	613.33
Current Income Taxes Payable	505.01	661.14	502.73	287.86	1,267
Current Unearned Revenue	2,301	2,203	3,095	2,492	3,911
Other Current Liabilities	26,205	24,733	22,613	23,085	27,541
Total Current Liabilities	101,392	115,261	90,167	85,670	103,362
Long-Term Debt	112,545	100,932	121,546	123,143	116,438
Long-Term Leases	687.76	631.42	713.75	768.17	1,576
Long-Term Unearned Revenue	6,798	4,545	4,763	5,156	6,416
Long-Term Deferred Tax Liabilities	1,135	1,291	1,695	1,290	1,526
Other Long-Term Liabilities	6,345	2,772	2,504	2,499	3,536
Total Liabilities	228,903	225,432	221,388	218,527	232,854
Common Stock	37,414	37,645	37,653	38,196	38,446
Additional Paid-In Capital	49,554	50,269	50,341	53,838	53,381
Retained Earnings	47,264	43,291	39,151	39,071	39,996
Treasury Stock	-1,500	-1,216	-462.04	-3,508	-3,416
Comprehensive Income & Other	1,747	2,949	2,746	8,490	14,797
Total Common Equity	134,479	132,938	129,428	136,086	143,204
Minority Interest	72,997	71,609	68,370	65,954	74,175
Shareholders' Equity	207,476	204,546	197,799	202,041	217,379
Total Liabilities & Equity	436,378	429,978	419,187	420,568	450,233
Total Debt	142,641	146,166	148,443	148,478	148,607
Net Cash (Debt)	-68,748	-68,797	-68,220	-62,490	-57,592
Net Cash Per Share	-1.84	-1.83	-1.82	-1.67	-1.61
Filing Date Shares Outstanding	37,044	39,754	37,429	27,908	35,589
Total Common Shares Outstanding	37,044	39,754	37,429	27,908	35,589
Working Capital	40,484	28,126	53,024	56,561	57,877
Book Value Per Share	3.63	3.34	3.46	4.88	4.02
Tangible Book Value	121,028	121,021	117,158	126,477	130,865
Tangible Book Value Per Share	3.27	3.04	3.13	4.53	3.68
Machinery	436,967	422,834	395,542	361,501	353,115
Construction In Progress	52,943	30,159	29,670	43,386	32,100

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