SHE:000725 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	74,289	72,223	74,253	72,467	68,800	80,987
Trading Asset Securities	3,206	1,671	3,116	7,756	17,188	10,028
Cash & Short-Term Investments	77,495	73,893	77,369	80,223	85,988	91,015
Cash Growth	4.24%	-4.49%	-3.56%	-6.70%	-5.52%	16.59%
Accounts Receivable	33,759	33,786	37,300	34,245	28,487	35,797
Other Receivables	800.95	1,016	979.39	867.47	1,084	2,049
Receivables	34,560	34,802	38,279	35,113	29,571	37,846
Inventory	25,524	27,749	23,313	24,322	23,049	28,454
Prepaid Expenses	-	-	-	238.02	-	-
Other Current Assets	5,681	5,432	4,426	3,295	3,623	3,924
Total Current Assets	143,261	141,876	143,387	143,191	142,231	161,239
Property, Plant & Equipment	238,438	240,050	235,818	240,766	250,060	259,994
Long-Term Investments	21,742	32,955	30,059	16,480	14,928	7,167
Goodwill	653.58	653.58	653.58	704.71	660.82	1,130
Other Intangible Assets	12,546	12,798	11,263	11,566	8,948	11,209
Long-Term Accounts Receivable	-	-	0.49	-	-	-
Long-Term Deferred Tax Assets	870.01	854.03	694.89	396.88	76.01	190.34
Long-Term Deferred Charges	743.94	723.31	707.77	701.47	556.94	636.53
Other Long-Term Assets	19,451	6,470	7,394	5,382	3,106	8,666
Total Assets	437,705	436,378	429,978	419,187	420,568	450,233
Accounts Payable	37,375	38,622	38,113	33,897	30,705	33,284
Accrued Expenses	3,173	4,350	4,949	3,876	4,534	6,767
Short-Term Debt	4,307	3,655	1,563	1,746	2,374	2,072
Current Portion of Long-Term Debt	27,819	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	1,747	505.01	661.14	502.73	287.86	1,267
Current Unearned Revenue	2,297	2,301	2,203	3,095	2,492	3,911
Other Current Liabilities	23,792	26,205	24,733	22,613	23,085	27,541
Total Current Liabilities	100,510	101,392	115,261	90,167	85,670	103,362
Long-Term Debt	112,294	112,545	100,932	121,546	123,143	116,438
Long-Term Leases	706.28	687.76	631.42	713.75	768.17	1,576
Long-Term Unearned Revenue	6,503	6,798	4,545	4,763	5,156	6,416
Long-Term Deferred Tax Liabilities	1,111	1,135	1,291	1,695	1,290	1,526
Other Long-Term Liabilities	6,115	6,345	2,772	2,504	2,499	3,536
Total Liabilities	227,239	228,903	225,432	221,388	218,527	232,854
Common Stock	37,044	37,414	37,645	37,653	38,196	38,446
Additional Paid-In Capital	50,682	49,554	50,269	50,341	53,838	53,381
Retained Earnings	48,971	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	-600.42	1,747	2,949	2,746	8,490	14,797
Total Common Equity	136,097	134,479	132,938	129,428	136,086	143,204
Minority Interest	74,369	72,997	71,609	68,370	65,954	74,175
Shareholders' Equity	210,466	207,476	204,546	197,799	202,041	217,379
Total Liabilities & Equity	437,705	436,378	429,978	419,187	420,568	450,233
Total Debt	145,125	142,641	146,166	148,443	148,478	148,607
Net Cash (Debt)	-67,630	-68,748	-68,797	-68,220	-62,490	-57,592
Net Cash Per Share	-1.89	-1.84	-1.83	-1.82	-1.67	-1.61
Filing Date Shares Outstanding	37,044	37,044	39,754	37,429	27,908	35,589
Total Common Shares Outstanding	37,044	37,044	39,754	37,429	27,908	35,589
Working Capital	42,751	40,484	28,126	53,024	56,561	57,877
Book Value Per Share	3.67	3.63	3.34	3.46	4.88	4.02
Tangible Book Value	122,897	121,028	121,021	117,158	126,477	130,865
Tangible Book Value Per Share	3.32	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

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