SHE:002044 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	2,568	3,611	3,070	2,771	1,995	2,278
Trading Asset Securities	79.33	20.73	10.3	5.04	5.07	1.35
Cash & Short-Term Investments	2,648	3,632	3,080	2,776	2,000	2,279
Cash Growth	14.63%	17.93%	10.93%	38.79%	-12.23%	-36.02%
Accounts Receivable	2,754	2,935	2,856	2,797	2,564	2,573
Other Receivables	425.29	404.23	407.56	445.07	515.72	650.03
Receivables	3,179	3,339	3,264	3,242	3,080	3,223
Inventory	171.27	191.24	211.27	227.09	224.43	150.45
Other Current Assets	255.85	238.41	272.63	228.59	206.03	259.79
Total Current Assets	6,254	7,401	6,827	6,474	5,511	5,912
Property, Plant & Equipment	3,914	4,082	4,899	4,995	5,160	5,171
Long-Term Investments	2,120	2,142	2,059	2,098	2,175	2,187
Goodwill	5,193	5,193	5,071	4,594	4,350	4,051
Other Intangible Assets	408.95	409.88	393.48	330.47	301.64	199.5
Long-Term Deferred Tax Assets	390.25	345.95	331.73	302.42	280.91	218.63
Long-Term Deferred Charges	505.67	481.59	427.09	381.75	404.43	467.51
Other Long-Term Assets	53.71	65.89	118	280.39	196.27	720.01
Total Assets	18,840	20,121	20,127	19,457	18,379	18,928
Accounts Payable	1,203	1,322	1,235	1,214	1,280	999.39
Accrued Expenses	566.79	962.47	1,003	1,005	803.48	904.85
Short-Term Debt	2,958	3,168	2,703	2,217	2,014	1,447
Current Portion of Long-Term Debt	966.52	46.08	176.59	15.06	374.49	703.05
Current Portion of Leases	100.34	1,066	1,250	1,101	815.37	687.33
Current Income Taxes Payable	71.23	124.48	137.63	105.51	64.96	154.86
Current Unearned Revenue	1,463	1,628	1,600	1,897	1,957	1,690
Other Current Liabilities	567.52	511.89	621.76	641.95	475.61	476
Total Current Liabilities	7,896	8,830	8,726	8,197	7,785	7,062
Long-Term Debt	164.93	131.94	57.02	122	17.46	661
Long-Term Leases	2,069	2,183	2,588	2,699	2,363	2,346
Long-Term Unearned Revenue	22.13	23.03	28.26	6.27	8.45	10.42
Long-Term Deferred Tax Liabilities	19.08	15.74	10.09	4.84	6.43	4.4
Other Long-Term Liabilities	4.8	5.8	13.53	17.42	97.09	66.45
Total Liabilities	10,176	11,190	11,424	11,047	10,277	10,151
Common Stock	3,914	3,914	3,914	3,914	3,914	3,914
Additional Paid-In Capital	2,221	2,215	2,242	2,245	2,427	2,562
Retained Earnings	1,784	2,039	1,807	1,599	1,093	1,850
Treasury Stock	-38.09	-45.85	-62.23	-72.2	-76.07	-300.06
Comprehensive Income & Other	11.2	11.17	11.22	11.16	11.04	10.52
Total Common Equity	7,893	8,134	7,912	7,698	7,370	8,037
Minority Interest	771.48	797.58	790.96	712.2	731.87	740.36
Shareholders' Equity	8,664	8,932	8,703	8,410	8,102	8,778
Total Liabilities & Equity	18,840	20,121	20,127	19,457	18,379	18,928
Total Debt	6,259	6,596	6,775	6,154	5,584	5,845
Net Cash (Debt)	-3,611	-2,964	-3,695	-3,378	-3,583	-3,565
Net Cash Per Share	-0.90	-0.73	-0.92	-0.87	-0.90	-1.16
Filing Date Shares Outstanding	3,643	4,076	4,032	4,401	3,890	3,890
Total Common Shares Outstanding	3,643	4,076	4,032	4,401	3,890	3,890
Working Capital	-1,642	-1,429	-1,899	-1,723	-2,274	-1,150
Book Value Per Share	2.17	2.00	1.96	1.75	1.89	2.07
Tangible Book Value	2,290	2,531	2,448	2,773	2,718	3,786
Tangible Book Value Per Share	0.63	0.62	0.61	0.63	0.70	0.97
Buildings	-	97.28	97.28	97.63	97.63	97.06
Machinery	-	3,644	3,806	3,749	3,653	3,409
Construction In Progress	-	81.82	90.34	70.11	106.31	105.68

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