SHE:002034 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	584.1	559.09	675.73	410.53	874.13	1,019
Trading Asset Securities	-	-	-	10	10	-
Cash & Short-Term Investments	584.1	559.09	675.73	420.53	884.13	1,019
Cash Growth	-0.75%	-17.26%	60.69%	-52.44%	-13.21%	-42.25%
Accounts Receivable	1,670	1,592	1,559	1,423	1,124	924.35
Other Receivables	94.79	117.71	73.98	77.21	166.55	75.31
Receivables	1,764	1,709	1,633	1,500	1,290	999.67
Inventory	48.07	68	78.66	115.05	169.05	19.52
Prepaid Expenses	-	0.35	0.34	0.38	0.28	0.44
Other Current Assets	63.05	64.86	50.52	55.9	56.6	61.1
Total Current Assets	2,460	2,402	2,438	2,092	2,400	2,099
Property, Plant & Equipment	5,200	5,176	5,965	6,065	5,847	4,735
Long-Term Investments	41.68	51.65	53.74	40.4	37.41	28.99
Goodwill	-	-	-	-	14.62	-
Other Intangible Assets	6,104	6,186	5,834	6,156	6,111	5,734
Long-Term Accounts Receivable	-	-	-	-	2.25	-
Long-Term Deferred Tax Assets	58.47	59.07	51.29	48.96	28.41	28.79
Long-Term Deferred Charges	37.09	38.14	29.43	2.66	2.94	3.05
Other Long-Term Assets	114.65	106.22	108.63	107.85	44	65.68
Total Assets	14,015	14,019	14,480	14,513	14,488	12,695
Accounts Payable	747.43	879.31	1,066	1,248	1,427	1,256
Accrued Expenses	226.21	177.89	185.72	163.92	151.73	117.18
Short-Term Debt	230.15	250.17	275.24	177.17	160.19	30.04
Current Portion of Long-Term Debt	-	1,772	562.15	518.86	432.69	366.95
Current Portion of Leases	-	28.14	26.87	27.61	36.08	46.82
Current Income Taxes Payable	-	93.38	83.5	68.54	44.89	48.43
Current Unearned Revenue	102.4	114.1	41.54	24.83	11.51	26.92
Other Current Liabilities	1,932	116.57	119.07	97.41	113.23	89.34
Total Current Liabilities	3,238	3,432	2,360	2,326	2,377	1,982
Long-Term Debt	2,739	2,757	4,834	5,120	5,241	4,670
Long-Term Leases	0.43	0.43	27.8	54.75	83.86	120.22
Long-Term Unearned Revenue	170.6	173.28	160.26	144.74	154.52	135.18
Long-Term Deferred Tax Liabilities	17.91	18.28	18.6	19.03	24.28	10.3
Other Long-Term Liabilities	284.06	284.91	312.64	318.08	341.88	349.36
Total Liabilities	6,450	6,665	7,714	7,983	8,222	7,267
Common Stock	433.99	433.99	426.21	429.5	429.5	429.49
Additional Paid-In Capital	2,958	2,936	2,782	2,846	2,779	2,710
Retained Earnings	4,052	3,851	3,343	2,997	2,701	2,117
Treasury Stock	-159.99	-159.99	-24.75	-	-	-12.65
Comprehensive Income & Other	133.45	147.03	156.46	162.73	158.12	156.13
Total Common Equity	7,418	7,209	6,682	6,435	6,068	5,400
Minority Interest	147.89	144.83	84.36	95.12	197.93	27.79
Shareholders' Equity	7,565	7,353	6,767	6,530	6,265	5,428
Total Liabilities & Equity	14,015	14,019	14,480	14,513	14,488	12,695
Total Debt	2,969	4,808	5,726	5,899	5,954	5,234
Net Cash (Debt)	-2,385	-4,249	-5,051	-5,478	-5,069	-4,215
Net Cash Per Share	-4.67	-8.37	-10.90	-11.73	-10.73	-8.75
Filing Date Shares Outstanding	437.3	424.04	425.81	429.5	429.5	429.49
Total Common Shares Outstanding	437.3	424.04	424.64	429.5	429.5	429.49
Working Capital	-778.32	-1,030	77.81	-233.98	23.28	117.42
Book Value Per Share	16.96	17.00	15.74	14.98	14.13	12.57
Tangible Book Value	1,314	1,022	848.43	278.37	-58.28	-333.56
Tangible Book Value Per Share	3.00	2.41	2.00	0.65	-0.14	-0.78
Buildings	-	3,516	3,905	3,610	3,085	2,519
Machinery	-	3,794	4,017	3,663	150.3	2,649
Construction In Progress	-	90.48	194.97	529.39	795.79	547.91

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