SHE:001965 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	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	10,074	9,250	8,931	4,375	6,392
Cash & Short-Term Investments	10,074	9,250	8,931	4,375	6,392
Cash Growth	8.91%	3.57%	104.13%	-31.55%	-5.97%
Accounts Receivable	4,104	4,256	4,161	3,675	3,430
Other Receivables	722.72	708.89	494.06	3,379	237.02
Receivables	4,826	4,965	4,655	7,054	3,689
Inventory	266.42	338.71	367.49	310.83	216.84
Prepaid Expenses	51.62	24.07	26.03	20.97	23.05
Other Current Assets	441.39	425.99	493.22	318.98	1,308
Total Current Assets	15,660	15,003	14,473	12,080	11,630
Property, Plant & Equipment	2,710	2,950	2,853	2,836	1,516
Long-Term Investments	59,105	54,168	46,759	46,841	42,957
Goodwill	-	-	18.97	18.97	18.97
Other Intangible Assets	83,119	85,354	92,024	51,537	37,572
Long-Term Accounts Receivable	130.57	138.74	87.48	85.16	101.1
Long-Term Deferred Tax Assets	164.89	133.87	160.06	93.22	74.6
Long-Term Deferred Charges	463.61	660.68	907.19	973.03	1,045
Other Long-Term Assets	1,067	760.75	198.6	474.63	3,407
Total Assets	162,418	159,169	157,482	114,939	98,321
Accounts Payable	3,250	2,520	2,240	2,066	1,992
Accrued Expenses	912.68	829.71	824.04	753.14	692.91
Short-Term Debt	2,473	2,623	2,745	2,345	1,905
Current Portion of Long-Term Debt	4,764	6,883	7,758	1,173	2,694
Current Portion of Leases	43.45	42.1	41.4	57.38	32.82
Current Income Taxes Payable	163.37	144.47	188.54	106.18	353.86
Current Unearned Revenue	1,121	1,256	1,156	1,001	1,102
Other Current Liabilities	1,861	1,932	2,259	2,223	961.4
Total Current Liabilities	14,589	16,231	17,211	9,724	9,735
Long-Term Debt	48,440	47,849	51,073	33,017	21,341
Long-Term Leases	715.88	149.92	183.52	199.67	226.93
Long-Term Unearned Revenue	135.36	125.13	150.98	161.75	184.76
Pension & Post-Retirement Benefits	317.79	322.68	285.97	246.35	22.97
Long-Term Deferred Tax Liabilities	4,894	4,984	6,268	3,612	3,224
Other Long-Term Liabilities	1,694	726.06	172.35	304.31	265.56
Total Liabilities	70,787	70,388	75,344	47,264	35,000
Common Stock	6,795	6,820	6,254	6,178	6,178
Additional Paid-In Capital	34,654	33,686	28,973	28,509	28,742
Retained Earnings	27,676	26,050	24,505	20,482	18,032
Comprehensive Income & Other	5,153	4,672	5,321	5,374	5,378
Total Common Equity	74,278	71,229	65,053	60,543	58,330
Minority Interest	17,354	17,553	17,085	7,131	4,990
Shareholders' Equity	91,631	88,782	82,138	67,674	63,321
Total Liabilities & Equity	162,418	159,169	157,482	114,939	98,321
Total Debt	56,437	57,547	61,800	36,791	26,200
Net Cash (Debt)	-46,363	-48,297	-52,869	-32,416	-19,808
Net Cash Per Share	-6.59	-6.90	-7.75	-4.71	-2.88
Filing Date Shares Outstanding	6,795	6,820	6,820	6,178	6,178
Total Common Shares Outstanding	6,795	6,820	6,254	6,178	6,178
Working Capital	1,070	-1,228	-2,738	2,356	1,895
Book Value Per Share	10.15	9.66	9.55	8.94	8.58
Tangible Book Value	-8,841	-14,125	-26,990	8,988	20,740
Tangible Book Value Per Share	-2.08	-2.85	-5.17	0.59	2.49
Buildings	1,873	1,957	1,958	633.55	631.94
Machinery	2,558	2,481	2,326	1,973	1,854
Construction In Progress	446.11	508.19	306.26	1,492	62.1

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