SHE:002085 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	1,953	2,026	1,851	1,892	1,753	1,321
Trading Asset Securities	4.07	4.23	3.62	6.32	2.84	9.3
Cash & Short-Term Investments	1,957	2,030	1,854	1,899	1,756	1,331
Cash Growth	-8.08%	9.46%	-2.34%	8.12%	32.00%	-20.81%
Accounts Receivable	4,926	4,839	4,960	4,380	4,282	3,359
Other Receivables	131.88	93.8	97.08	83.72	85.27	75.47
Receivables	5,058	4,933	5,057	4,464	4,367	3,435
Inventory	3,183	3,026	2,731	2,782	3,165	2,568
Other Current Assets	386.5	335.03	312.62	280.65	319.47	368.81
Total Current Assets	10,585	10,324	9,955	9,425	9,608	7,702
Property, Plant & Equipment	4,128	4,253	4,129	4,344	4,688	4,883
Long-Term Investments	24.6	24.73	24.67	28.92	30.4	13.49
Goodwill	1,282	1,320	1,285	1,363	1,583	1,631
Other Intangible Assets	1,445	1,520	1,482	1,569	1,546	1,573
Long-Term Accounts Receivable	-	16.37	12.94	20.2	25.8	7.15
Long-Term Deferred Tax Assets	185.98	178.38	216.1	259.21	321.2	279.48
Long-Term Deferred Charges	842.24	780.79	477.74	431.46	371.68	286.41
Other Long-Term Assets	53.57	79.11	236.01	204.29	12.48	14.15
Total Assets	18,547	18,496	17,818	17,645	18,187	16,389
Accounts Payable	1,245	1,411	1,770	1,561	1,563	1,218
Accrued Expenses	206.26	421.02	385.87	663.42	668.16	472.44
Short-Term Debt	2,098	2,193	2,208	3,349	4,443	4,260
Current Portion of Long-Term Debt	1,099	904.36	237.16	263.42	634.93	570.48
Current Portion of Leases	-	-	-	27.14	40.67	36.34
Current Income Taxes Payable	82.61	114.01	119.6	85.51	151.46	42.6
Current Unearned Revenue	926.4	805.75	894.14	901.45	871.98	671.19
Other Current Liabilities	486.41	556.8	338.46	231.45	263.47	191.35
Total Current Liabilities	6,144	6,406	5,953	7,082	8,637	7,463
Long-Term Debt	1,654	1,349	1,763	639.09	476.32	1,017
Long-Term Leases	126.45	128.88	104.9	116.34	177.2	150.64
Long-Term Unearned Revenue	60.84	77.19	106.57	145.46	163.7	195.04
Long-Term Deferred Tax Liabilities	215.42	226.51	182.38	205.21	280.11	263.59
Other Long-Term Liabilities	89.01	92.5	91.73	77.71	76.68	46.71
Total Liabilities	8,289	8,280	8,201	8,266	9,811	9,136
Common Stock	2,123	2,123	2,123	2,142	2,142	2,187
Additional Paid-In Capital	48.98	45.63	47.34	6.2	-	-
Retained Earnings	5,788	5,545	4,982	4,789	4,412	3,890
Treasury Stock	-100.94	-100.94	-140.68	-296.46	-439.64	-771.81
Comprehensive Income & Other	-221.38	-5.65	-76.11	87.44	-60.75	-199.41
Total Common Equity	7,638	7,607	6,936	6,727	6,053	5,106
Minority Interest	2,620	2,609	2,681	2,652	2,323	2,147
Shareholders' Equity	10,258	10,216	9,617	9,379	8,376	7,253
Total Liabilities & Equity	18,547	18,496	17,818	17,645	18,187	16,389
Total Debt	4,977	4,575	4,312	4,395	5,772	6,035
Net Cash (Debt)	-3,020	-2,545	-2,458	-2,496	-4,016	-4,705
Net Cash Per Share	-1.42	-1.21	-1.20	-1.20	-1.94	-2.26
Filing Date Shares Outstanding	2,123	2,123	1,905	2,072	2,072	2,072
Total Common Shares Outstanding	2,123	2,123	1,905	2,072	2,072	2,072
Working Capital	4,441	3,918	4,002	2,343	971.61	238.87
Book Value Per Share	3.60	3.58	3.64	3.25	2.92	2.46
Tangible Book Value	4,911	4,768	4,170	3,795	2,925	1,902
Tangible Book Value Per Share	2.31	2.25	2.19	1.83	1.41	0.92
Buildings	-	3,373	3,275	3,226	3,130	3,055
Machinery	-	5,705	5,433	5,109	5,442	5,188
Construction In Progress	-	381.04	256.24	251.66	227.87	222.94

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