SHE:002037 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	947.74	1,162	1,555	1,355	1,480	1,718
Cash & Short-Term Investments	947.74	1,162	1,555	1,355	1,480	1,718
Cash Growth	-26.05%	-25.25%	14.80%	-8.48%	-13.86%	21.23%
Accounts Receivable	5,551	6,187	6,457	6,024	6,400	6,487
Other Receivables	746.77	829.18	930.25	1,136	1,351	1,771
Receivables	6,298	7,016	7,387	7,160	7,752	8,258
Inventory	358.07	308.47	375.9	414.34	395.26	375.18
Prepaid Expenses	-	-	-	-	-	0.14
Other Current Assets	334.98	298.25	409.33	374.53	517.19	497.91
Total Current Assets	7,939	8,785	9,728	9,304	10,144	10,850
Property, Plant & Equipment	2,130	2,156	2,114	2,060	1,946	1,851
Long-Term Investments	169.07	171.03	185.05	191.09	192.5	205.01
Goodwill	211.31	211.31	234	234	234	135.79
Other Intangible Assets	1,684	1,692	1,686	1,720	885.17	491.99
Long-Term Deferred Tax Assets	98.28	98.28	357.04	372.99	290.16	207.12
Long-Term Deferred Charges	70.34	70.97	96.78	102.2	103.69	95.97
Other Long-Term Assets	2,484	2,453	2,651	2,549	2,486	2,093
Total Assets	14,786	15,637	17,051	16,533	16,281	15,930
Accounts Payable	2,761	3,252	3,751	3,532	3,342	3,648
Accrued Expenses	102.93	139.69	257.35	191.88	242.61	168.02
Short-Term Debt	2,018	2,154	2,472	3,166	3,208	2,839
Current Portion of Long-Term Debt	882.61	679.73	1,091	937.8	725.15	1,127
Current Portion of Leases	-	-	10.34	10.02	5.78	12.2
Current Income Taxes Payable	87.21	110.33	24.31	17.98	29.77	31.93
Current Unearned Revenue	116.25	74.67	102.2	111.12	126.05	133.83
Other Current Liabilities	3,694	3,691	3,614	2,118	2,178	995.22
Total Current Liabilities	9,663	10,101	11,322	10,085	9,858	8,956
Long-Term Debt	2,568	2,866	1,987	2,602	2,104	1,913
Long-Term Leases	51.36	43.13	33.87	20.74	18.62	15.76
Long-Term Unearned Revenue	41.91	43.06	45.82	51.16	58.1	52.14
Pension & Post-Retirement Benefits	-	-	339.24	309.37	310.35	315.51
Long-Term Deferred Tax Liabilities	69.52	70.29	80.4	84.64	88.25	11.55
Other Long-Term Liabilities	646.69	651.73	390.42	450.31	73.4	-
Total Liabilities	13,040	13,776	14,199	13,604	12,510	11,264
Common Stock	483.88	483.88	483.88	483.88	483.88	487.63
Additional Paid-In Capital	1,343	1,343	1,323	1,351	1,337	1,328
Retained Earnings	-851.17	-769.45	85.44	55.51	712.02	1,520
Comprehensive Income & Other	51.07	40.2	36.04	63.07	48.33	46.01
Total Common Equity	1,027	1,098	1,928	1,954	2,582	3,382
Minority Interest	718.82	763.53	924.08	975	1,190	1,284
Shareholders' Equity	1,746	1,861	2,852	2,929	3,771	4,666
Total Liabilities & Equity	14,786	15,637	17,051	16,533	16,281	15,930
Total Debt	5,520	5,743	5,594	6,737	6,061	5,907
Net Cash (Debt)	-4,572	-4,580	-4,039	-5,383	-4,581	-4,189
Net Cash Per Share	-9.45	-9.47	-8.34	-11.13	-9.44	-8.49
Filing Date Shares Outstanding	483.85	483.99	483.88	483.88	483.88	487.63
Total Common Shares Outstanding	483.85	483.99	483.88	483.88	483.88	487.63
Working Capital	-1,724	-1,316	-1,595	-781.56	286.67	1,894
Book Value Per Share	2.12	2.27	3.98	4.04	5.34	6.93
Tangible Book Value	-868.16	-805.83	8.35	-0.72	1,462	2,754
Tangible Book Value Per Share	-1.79	-1.66	0.02	-0.00	3.02	5.65
Buildings	-	-	2,256	2,031	2,015	1,821
Machinery	-	-	1,631	1,689	1,678	1,530
Construction In Progress	-	-	173.4	261.55	125.51	82.56

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