SHE:002067 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	819.26	1,184	1,458	1,227	1,087	1,341
Trading Asset Securities	434.28	370.18	183	31.44	160.7	167.56
Cash & Short-Term Investments	1,254	1,554	1,641	1,258	1,248	1,508
Cash Growth	3.81%	-5.28%	30.43%	0.82%	-17.26%	-17.51%
Accounts Receivable	1,032	1,102	874.12	880.58	827.41	1,299
Other Receivables	13.04	28.82	15.44	10.38	4.78	4.2
Receivables	1,045	1,131	889.56	890.96	832.18	1,303
Inventory	903.22	952.97	1,204	777.86	693.06	638.18
Other Current Assets	80.47	36.41	37.46	58.72	84.62	87.82
Total Current Assets	3,282	3,675	3,772	2,986	2,858	3,537
Property, Plant & Equipment	4,451	4,006	3,825	4,086	3,948	3,029
Long-Term Investments	310.57	288.86	327.2	404.39	416.97	413.63
Other Intangible Assets	601.6	603.79	601.21	602.34	544.88	558.7
Long-Term Deferred Tax Assets	8.08	8.85	9.12	7.23	8.27	7.08
Long-Term Deferred Charges	1.19	1.25	1.49	3.99	-	-
Other Long-Term Assets	460.62	510.85	227.67	93.17	181.02	394.71
Total Assets	9,115	9,094	8,764	8,183	7,957	7,940
Accounts Payable	349.73	333.71	643.31	519.79	657.07	241.36
Accrued Expenses	27.36	44.65	106.3	95.28	91.8	213.73
Short-Term Debt	976.61	1,096	801.91	327.21	217.76	551.31
Current Portion of Long-Term Debt	112.57	113	218.07	197	127.87	30.04
Current Income Taxes Payable	13.17	27.16	0.16	1.39	4.95	1.5
Current Unearned Revenue	41.13	32.5	25.3	26.41	28.99	24.11
Other Current Liabilities	182.83	226.34	112.51	171.99	224.73	146.28
Total Current Liabilities	1,703	1,873	1,908	1,339	1,353	1,208
Long-Term Debt	672.44	499.72	980.83	1,231	1,044	1,093
Long-Term Leases	4.87	4.97	4.38	8.84	2.25	-
Long-Term Unearned Revenue	29.96	33.69	27.94	22.73	15.77	11.12
Long-Term Deferred Tax Liabilities	0.1	0.1	0.04	1.84	7.38	12.18
Total Liabilities	2,411	2,412	2,921	2,604	2,422	2,325
Common Stock	1,475	1,475	1,253	1,194	1,194	1,194
Additional Paid-In Capital	2,628	2,628	1,984	1,805	1,809	1,848
Retained Earnings	2,643	2,622	2,567	2,525	2,433	2,316
Comprehensive Income & Other	-60.04	-62.07	24.17	50.16	95.15	76.06
Total Common Equity	6,686	6,663	5,828	5,574	5,532	5,434
Minority Interest	18.33	18.98	15.4	5.29	2.95	181.19
Shareholders' Equity	6,705	6,682	5,843	5,579	5,535	5,615
Total Liabilities & Equity	9,115	9,094	8,764	8,183	7,957	7,940
Total Debt	1,766	1,714	2,005	1,764	1,392	1,675
Net Cash (Debt)	-512.95	-159.32	-364.15	-506.21	-143.61	-166.41
Net Cash Per Share	-0.32	-0.11	-0.31	-0.33	-0.11	-0.12
Filing Date Shares Outstanding	2,121	1,774	1,253	1,194	1,194	1,194
Total Common Shares Outstanding	2,121	1,774	1,253	1,194	1,194	1,194
Working Capital	1,579	1,801	1,865	1,647	1,505	2,329
Book Value Per Share	3.15	3.76	4.65	4.67	4.63	4.55
Tangible Book Value	6,085	6,059	5,226	4,971	4,987	4,875
Tangible Book Value Per Share	2.87	3.42	4.17	4.16	4.18	4.08
Buildings	-	-	2,004	1,984	1,328	1,185
Machinery	-	-	4,217	4,175	3,145	2,679
Construction In Progress	-	-	31.72	28.16	1,418	894.15

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