SHE:001979 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	85,248	86,127	100,351	88,290	86,243	79,533
Trading Asset Securities	0.32	0.12	0.12	637.53	193.04	95.46
Cash & Short-Term Investments	85,249	86,127	100,352	88,927	86,436	79,628
Cash Growth	-3.23%	-14.17%	12.85%	2.88%	8.55%	-10.84%
Accounts Receivable	5,594	3,679	3,642	3,500	3,913	3,299
Other Receivables	98,829	95,041	102,381	113,698	126,778	119,567
Receivables	104,423	98,720	106,024	117,198	130,691	122,866
Inventory	366,084	362,324	369,183	416,702	411,549	417,636
Prepaid Expenses	-	24,407	25,978	25,435	20,537	19,665
Other Current Assets	32,166	14,953	12,629	15,697	5,974	13,262
Total Current Assets	587,921	586,531	614,166	663,960	655,187	653,058
Property, Plant & Equipment	10,168	12,888	14,457	15,602	13,759	11,935
Long-Term Investments	74,012	74,486	77,983	81,607	76,252	63,439
Goodwill	1,631	1,631	1,854	2,013	2,013	357.95
Other Intangible Assets	1,651	1,712	1,821	1,915	1,389	1,379
Long-Term Accounts Receivable	-	-	-	27.64	23.54	-
Long-Term Deferred Tax Assets	15,852	15,664	15,153	14,759	16,503	15,732
Long-Term Deferred Charges	1,101	1,125	1,053	1,111	1,193	1,167
Other Long-Term Assets	141,135	141,375	133,822	127,514	120,151	109,136
Total Assets	833,472	835,412	860,309	908,508	886,471	856,203
Accounts Payable	43,749	46,509	49,878	53,711	52,622	51,711
Accrued Expenses	2,532	5,445	5,729	5,374	23,661	5,024
Short-Term Debt	2,051	16,401	21,081	34,737	38,796	42,799
Current Portion of Long-Term Debt	60,040	54,943	47,136	36,184	35,905	31,412
Current Portion of Leases	-	3,058	1,545	2,019	1,974	1,229
Current Income Taxes Payable	2,648	2,243	3,309	5,486	10,403	11,624
Current Unearned Revenue	127,286	126,054	142,211	161,693	145,067	148,817
Other Current Liabilities	126,833	113,224	115,418	126,820	115,481	135,462
Total Current Liabilities	365,139	367,875	386,308	426,024	423,910	428,079
Long-Term Debt	184,207	184,481	172,677	170,098	160,823	133,884
Long-Term Leases	2,515	2,698	5,495	6,106	5,791	5,811
Long-Term Unearned Revenue	3,174	3,370	3,348	3,771	3,949	5,005
Long-Term Deferred Tax Liabilities	2,596	2,580	2,583	2,691	2,743	1,647
Other Long-Term Liabilities	2,464	3,029	3,152	3,128	4,815	5,022
Total Liabilities	560,096	564,032	573,564	611,818	602,031	579,448
Common Stock	9,016	9,016	9,061	9,061	7,739	7,923
Additional Paid-In Capital	-	20,312	20,478	20,448	10,214	14,189
Retained Earnings	68,044	68,005	69,035	68,608	65,050	66,071
Treasury Stock	-	-	-67.5	-	-	-4,000
Comprehensive Income & Other	20,513	319.84	12,500	21,606	18,710	24,488
Total Common Equity	97,573	97,652	111,007	119,723	101,712	108,671
Minority Interest	175,804	173,727	175,738	176,967	182,729	168,084
Shareholders' Equity	273,376	271,379	286,745	296,690	284,440	276,755
Total Liabilities & Equity	833,472	835,412	860,309	908,508	886,471	856,203
Total Debt	248,813	261,580	247,935	249,144	243,288	215,135
Net Cash (Debt)	-163,564	-175,452	-147,583	-160,217	-156,852	-135,506
Net Cash Per Share	-18.89	-19.50	-16.42	-16.48	-15.08	-15.15
Filing Date Shares Outstanding	9,016	9,016	9,042	9,061	7,739	7,739
Total Common Shares Outstanding	9,016	9,016	9,055	9,061	7,739	7,739
Working Capital	222,782	218,656	227,857	237,936	231,277	224,980
Book Value Per Share	10.82	10.83	10.93	10.89	10.79	10.93
Tangible Book Value	94,290	94,309	107,332	115,795	98,309	106,934
Tangible Book Value Per Share	10.46	10.46	10.53	10.45	10.35	10.70
Buildings	-	9,827	10,288	10,084	9,149	7,122
Machinery	-	5,674	5,414	5,106	4,843	4,688
Construction In Progress	-	285.95	824.46	973.46	810.07	465.19

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