SHE:000785 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	921.1	980.24	2,661	3,568	4,618	5,637
Trading Asset Securities	-	-	68.32	75.18	162.93	241.51
Cash & Short-Term Investments	921.1	980.24	2,730	3,643	4,781	5,878
Cash Growth	-58.64%	-64.09%	-25.08%	-23.80%	-18.66%	-22.91%
Accounts Receivable	1,021	1,220	1,395	1,607	1,576	1,314
Other Receivables	374.05	69.75	119.57	107	160.94	94.93
Receivables	1,417	1,313	1,580	1,788	1,885	1,729
Inventory	832.46	609.29	540.02	437.72	586.02	379.07
Other Current Assets	595.79	706.65	1,031	901.44	681.07	1,082
Total Current Assets	3,766	3,609	5,880	6,770	7,933	9,068
Property, Plant & Equipment	9,443	9,927	12,517	15,836	18,184	21,232
Long-Term Investments	812.96	820.57	892.59	990.89	1,079	1,214
Goodwill	9.28	9.28	44.01	175.93	4.36	-
Other Intangible Assets	1,177	1,198	1,292	1,424	1,459	1,944
Long-Term Deferred Tax Assets	2,186	2,129	1,831	1,862	1,998	1,920
Long-Term Deferred Charges	1,205	1,294	1,588	1,417	1,549	1,701
Other Long-Term Assets	24,337	24,336	25,631	25,205	21,182	19,152
Total Assets	42,937	43,322	49,675	53,681	53,389	56,232
Accounts Payable	606.13	593.45	918.99	518.76	505.99	449.8
Accrued Expenses	80.09	527.29	544.8	643.17	424.65	451.39
Short-Term Debt	1,582	1,366	1,883	1,447	1,094	881.63
Current Portion of Long-Term Debt	3,051	919.05	699.42	498.8	398.61	349.41
Current Portion of Leases	-	1,547	1,580	1,718	1,529	1,512
Current Income Taxes Payable	103.34	9.88	143.89	353.18	587.64	609.51
Current Unearned Revenue	531.11	918.04	812.78	439.4	1,615	1,913
Other Current Liabilities	3,168	2,812	3,504	4,730	2,657	3,404
Total Current Liabilities	9,123	8,693	10,087	10,349	8,812	9,571
Long-Term Debt	2,110	2,360	3,090	3,437	2,464	2,618
Long-Term Leases	8,250	8,897	11,986	15,508	17,923	20,399
Long-Term Unearned Revenue	1.53	1.93	4.52	5.7	6.79	7.87
Long-Term Deferred Tax Liabilities	2,649	2,623	2,622	2,567	2,484	2,445
Other Long-Term Liabilities	982.08	970.78	925.09	812.15	918.85	926.45
Total Liabilities	23,115	23,547	28,714	32,679	32,610	35,968
Common Stock	6,227	6,227	6,252	6,287	6,529	6,529
Additional Paid-In Capital	8,528	8,528	8,757	8,868	8,566	8,614
Retained Earnings	4,249	4,187	5,186	4,805	4,759	4,159
Treasury Stock	-200.13	-200.13	-289.85	-340.73	-340.73	-340.73
Comprehensive Income & Other	311.26	310.39	310.45	310.26	258.17	258.17
Total Common Equity	19,116	19,053	20,216	19,930	19,771	19,219
Minority Interest	706.37	723.09	745.36	1,073	1,008	1,044
Shareholders' Equity	19,822	19,776	20,961	21,002	20,780	20,264
Total Liabilities & Equity	42,937	43,322	49,675	53,681	53,389	56,232
Total Debt	14,993	15,090	19,238	22,610	23,409	25,761
Net Cash (Debt)	-14,072	-14,109	-16,509	-18,966	-18,627	-19,883
Net Cash Per Share	-2.48	-2.40	-2.57	-3.06	-2.88	-3.05
Filing Date Shares Outstanding	6,210	3,593	7,351	6,269	6,470	6,470
Total Common Shares Outstanding	6,210	3,593	7,351	6,269	6,470	6,470
Working Capital	-5,357	-5,084	-4,207	-3,579	-879.19	-503.37
Book Value Per Share	3.08	5.30	2.75	3.18	3.06	2.97
Tangible Book Value	17,929	17,846	18,880	18,330	18,308	17,275
Tangible Book Value Per Share	2.89	4.97	2.57	2.92	2.83	2.67
Buildings	-	2,925	2,869	2,827	3,351	3,350
Machinery	-	321.17	353.74	331.39	476.62	465.01
Construction In Progress	-	437.63	363.91	495.82	665.41	1,737

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