SHE:002097 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	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	1,513	1,886	1,784	1,931	1,982	2,828
Cash & Short-Term Investments	1,513	1,886	1,784	1,931	1,982	2,828
Cash Growth	-15.93%	5.75%	-7.62%	-2.57%	-29.92%	5.24%
Accounts Receivable	7,062	6,794	7,225	6,763	6,243	5,351
Other Receivables	469.18	388.48	540.99	695.28	808.3	534.48
Receivables	7,531	7,183	7,766	7,458	7,051	5,885
Inventory	3,269	2,959	2,822	3,179	2,959	2,897
Other Current Assets	651.02	675.58	279.54	339.12	326.68	516.68
Total Current Assets	12,964	12,704	12,651	12,907	12,319	12,127
Property, Plant & Equipment	6,134	6,273	6,252	6,230	6,429	5,399
Long-Term Investments	269.23	271.91	272.58	269.19	262.12	42.23
Goodwill	-	-	-	-	-	4.82
Other Intangible Assets	721.23	729.55	815.32	833.47	864.28	892.68
Long-Term Accounts Receivable	-	-	440.17	161.69	219.13	428.31
Long-Term Deferred Tax Assets	469.47	448.25	423.16	385.19	340.9	193.55
Long-Term Deferred Charges	83.05	79.77	63.45	50.63	111.87	101.45
Other Long-Term Assets	459.71	476.93	41.28	54.64	38.24	58.35
Total Assets	21,100	20,983	20,959	20,891	20,584	19,246
Accounts Payable	3,920	4,089	4,028	3,967	4,405	4,795
Accrued Expenses	73.96	152.95	250	297.84	291.95	251.92
Short-Term Debt	964.42	879.81	1,226	887.06	930.08	1,108
Current Portion of Long-Term Debt	2,785	2,391	3,849	2,629	2,246	1,611
Current Portion of Leases	-	-	72.1	26.12	18.93	15.78
Current Income Taxes Payable	60.26	63.78	12	6.5	30.61	25.01
Current Unearned Revenue	530.44	394.91	399.11	382.75	524.74	419.7
Other Current Liabilities	388.89	351.86	415.8	446.74	548.67	528.69
Total Current Liabilities	8,723	8,323	10,252	8,642	8,996	8,755
Long-Term Debt	6,193	6,481	4,332	6,267	5,586	3,894
Long-Term Leases	63.92	75.07	106.73	52.67	40.84	50.44
Long-Term Unearned Revenue	81.11	70.86	195.55	198.37	256.5	177.72
Long-Term Deferred Tax Liabilities	473.33	469.18	471.28	436.86	410.66	413.66
Other Long-Term Liabilities	424.19	425.68	498.87	532.57	548.42	234.19
Total Liabilities	15,959	15,845	15,856	16,130	15,839	13,524
Common Stock	1,075	1,075	1,075	1,087	1,087	1,087
Additional Paid-In Capital	2,288	2,288	2,289	2,365	2,365	2,365
Retained Earnings	1,214	1,195	1,133	1,114	1,078	2,216
Treasury Stock	-	-	-	-99.92	-99.92	-99.92
Comprehensive Income & Other	107.34	111.47	118.23	126.03	123.19	-57.14
Total Common Equity	4,684	4,670	4,614	4,592	4,554	5,511
Minority Interest	457.73	468.33	488.05	169.38	191.94	210.97
Shareholders' Equity	5,142	5,138	5,102	4,761	4,746	5,722
Total Liabilities & Equity	21,100	20,983	20,959	20,891	20,584	19,246
Total Debt	10,007	9,827	9,586	9,862	8,822	6,679
Net Cash (Debt)	-8,494	-7,941	-7,802	-7,931	-6,840	-3,851
Net Cash Per Share	-7.90	-7.39	-7.26	-7.38	-6.29	-3.54
Filing Date Shares Outstanding	1,075	1,074	1,075	1,075	1,075	1,075
Total Common Shares Outstanding	1,075	1,074	1,075	1,075	1,075	1,075
Working Capital	4,241	4,380	2,399	4,265	3,323	3,372
Book Value Per Share	4.36	4.35	4.29	4.27	4.24	5.13
Tangible Book Value	3,963	3,940	3,799	3,758	3,689	4,614
Tangible Book Value Per Share	3.69	3.67	3.54	3.50	3.43	4.29
Buildings	-	-	2,693	2,543	2,385	1,834
Machinery	-	-	5,620	5,376	5,278	4,291
Construction In Progress	-	-	92.41	159.08	318.72	385.75

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