SHE:000881 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	1,408	1,508	1,491	1,046	1,604	1,722
Trading Asset Securities	-	-	-	289.24	341.31	458.85
Cash & Short-Term Investments	1,408	1,508	1,491	1,335	1,946	2,181
Cash Growth	-2.51%	1.14%	11.65%	-31.37%	-10.78%	-9.05%
Accounts Receivable	2,660	2,970	3,233	3,301	3,195	3,637
Other Receivables	91.36	156.83	124.37	268.15	505.25	299.69
Receivables	2,751	3,127	3,358	3,570	3,700	3,937
Inventory	1,217	1,130	1,078	1,064	1,242	1,843
Other Current Assets	407.3	173.86	362.62	405.78	309.28	381.34
Total Current Assets	5,784	5,938	6,289	6,375	7,197	8,342
Property, Plant & Equipment	2,512	2,549	2,508	3,034	2,883	3,098
Long-Term Investments	11.41	11.58	14.77	6.92	17.9	20.74
Goodwill	230.44	230.44	307.17	370.62	421.6	443.8
Other Intangible Assets	1,080	1,107	1,110	968.7	996.65	991.97
Long-Term Accounts Receivable	2.24	2.48	-	2.86	12.58	12.2
Long-Term Deferred Tax Assets	18.37	18.65	31.47	56.48	128.8	145.02
Long-Term Deferred Charges	328.74	321.22	301.32	331.71	264.53	205.55
Other Long-Term Assets	153.58	146.03	141.3	137.34	51.17	62.74
Total Assets	10,121	10,325	10,702	11,283	11,974	13,322
Accounts Payable	946.55	889	1,152	1,224	978.49	1,408
Accrued Expenses	79.91	162.52	173.68	153.72	172.6	184.32
Short-Term Debt	1,893	1,932	1,421	1,659	1,744	2,237
Current Portion of Long-Term Debt	328.5	230.34	41.22	416.09	690.14	75.8
Current Portion of Leases	-	98.54	101.68	85.87	92.93	97.23
Current Income Taxes Payable	25.58	3.38	3.71	9.95	7.07	13.68
Current Unearned Revenue	241.34	205.91	216.48	237.27	235.14	572.24
Other Current Liabilities	35.54	128.73	190.55	354.84	348.9	415.39
Total Current Liabilities	3,550	3,650	3,300	4,141	4,269	5,003
Long-Term Debt	537.45	555.56	1,450	708.66	502.27	1,129
Long-Term Leases	158.05	169.7	176.37	204.23	284.38	357.94
Long-Term Unearned Revenue	214.89	213.12	192.89	157.07	137.93	111.74
Pension & Post-Retirement Benefits	-	-	5.77	5.62	5.46	5.25
Long-Term Deferred Tax Liabilities	3.52	3.62	8.55	12.67	16.98	23.86
Other Long-Term Liabilities	13.06	14.07	20.28	24.75	15.13	16.43
Total Liabilities	4,477	4,606	5,154	5,254	5,231	6,647
Common Stock	945.43	945.43	945.43	945.43	945.43	945.43
Additional Paid-In Capital	3,319	3,319	3,225	3,225	3,225	3,223
Retained Earnings	655.68	714.58	1,000	1,363	2,115	1,949
Comprehensive Income & Other	57.06	59.98	59.32	53.11	41.31	-15.05
Total Common Equity	4,977	5,039	5,230	5,586	6,327	6,102
Minority Interest	667.06	680.04	318.2	443.79	415.44	572.84
Shareholders' Equity	5,644	5,719	5,548	6,030	6,742	6,675
Total Liabilities & Equity	10,121	10,325	10,702	11,283	11,974	13,322
Total Debt	2,917	2,986	3,190	3,074	3,314	3,897
Net Cash (Debt)	-1,509	-1,478	-1,700	-1,738	-1,368	-1,716
Net Cash Per Share	-1.60	-1.56	-1.80	-1.84	-1.45	-1.82
Filing Date Shares Outstanding	945.43	945.43	945.43	945.43	945.43	945.43
Total Common Shares Outstanding	945.43	945.43	945.43	945.43	945.43	945.43
Working Capital	2,234	2,288	2,989	2,234	2,928	3,339
Book Value Per Share	5.26	5.33	5.53	5.91	6.69	6.45
Tangible Book Value	3,666	3,701	3,813	4,247	4,908	4,666
Tangible Book Value Per Share	3.88	3.91	4.03	4.49	5.19	4.94
Buildings	-	1,618	1,498	1,185	1,127	931.89
Machinery	-	1,588	1,532	2,642	2,708	3,441
Construction In Progress	-	171.42	196.33	424.29	242.71	224.92

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