SHE:002092 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	5,838	4,769	4,229	8,117	4,784
Trading Asset Securities	-	-	-	-	4.62
Cash & Short-Term Investments	5,838	4,769	4,229	8,117	4,788
Cash Growth	22.41%	12.77%	-47.90%	69.52%	-8.26%
Accounts Receivable	3,002	3,399	4,645	8,088	11,444
Other Receivables	597.91	529.6	769.1	736.85	917.45
Receivables	3,600	3,929	5,414	8,825	12,362
Inventory	3,207	3,130	3,319	3,512	2,747
Prepaid Expenses	-	-	-	-	0.75
Other Current Assets	1,445	1,289	1,765	3,242	3,459
Total Current Assets	14,090	13,117	14,727	23,696	23,357
Property, Plant & Equipment	56,760	57,414	50,376	49,393	43,765
Long-Term Investments	1,704	1,911	2,594	3,062	2,760
Goodwill	3.14	3.14	3.43	60.46	25.91
Other Intangible Assets	2,124	2,201	1,719	1,684	1,559
Long-Term Accounts Receivable	-	-	-	5.24	21.02
Long-Term Deferred Tax Assets	298.95	324.16	365.17	232.31	215.04
Long-Term Deferred Charges	954.08	892.85	378.64	435.57	384.21
Other Long-Term Assets	855.58	1,161	2,368	1,897	1,021
Total Assets	76,790	77,025	72,530	80,465	73,109
Accounts Payable	7,709	9,399	8,547	12,404	8,360
Accrued Expenses	186.83	444.51	385.72	576.64	595.45
Short-Term Debt	5,585	11,840	8,773	9,499	11,122
Current Portion of Long-Term Debt	6,917	3,904	3,781	2,620	1,792
Current Portion of Leases	-	3,501	2,883	1,243	508.04
Current Income Taxes Payable	334.67	109	68.82	81.84	235.87
Current Unearned Revenue	1,187	1,351	1,946	2,481	2,071
Other Current Liabilities	9,347	2,504	3,156	4,774	6,301
Total Current Liabilities	31,267	33,053	29,540	33,680	30,985
Long-Term Debt	12,955	10,876	8,984	7,912	6,689
Long-Term Leases	0.15	4,235	4,255	5,561	3,143
Long-Term Unearned Revenue	425.94	347.85	302.31	274.03	299.17
Long-Term Deferred Tax Liabilities	22.26	21.67	25.7	25.15	23.45
Other Long-Term Liabilities	5,799	446.04	19.23	0.59	673.63
Total Liabilities	50,470	48,979	43,126	47,452	41,813
Common Stock	2,590	2,590	2,590	2,601	2,576
Additional Paid-In Capital	12,765	12,710	12,688	12,737	12,616
Retained Earnings	6,162	6,451	7,427	10,551	10,077
Treasury Stock	-76.26	-76.26	-76.26	-133.93	-
Comprehensive Income & Other	81.43	109.1	70.81	55.87	-5.58
Total Common Equity	21,522	21,784	22,700	25,811	25,264
Minority Interest	4,798	6,262	6,705	7,201	6,032
Shareholders' Equity	26,320	28,046	29,404	33,013	31,296
Total Liabilities & Equity	76,790	77,025	72,530	80,465	73,109
Total Debt	25,458	34,356	28,676	26,835	23,254
Net Cash (Debt)	-19,620	-29,587	-24,447	-18,718	-18,465
Net Cash Per Share	-7.62	-11.49	-9.49	-7.27	-7.94
Filing Date Shares Outstanding	2,578	2,590	2,590	2,601	2,576
Total Common Shares Outstanding	2,578	2,590	2,590	2,601	2,576
Working Capital	-17,177	-19,936	-14,813	-9,984	-7,629
Book Value Per Share	8.35	8.41	8.76	9.92	9.81
Tangible Book Value	19,395	19,579	20,977	24,067	23,679
Tangible Book Value Per Share	7.52	7.56	8.10	9.25	9.19
Buildings	-	28,148	22,876	21,867	21,306
Machinery	-	46,706	38,893	32,523	28,325
Construction In Progress	-	11,330	9,671	9,720	4,967

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.