SHE:002111 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	888.33	784.39	904.09	860.16	576.79	747.43
Trading Asset Securities	163.09	2.28	3.41	3.15	2.24	3.36
Cash & Short-Term Investments	1,051	786.67	907.5	863.31	579.03	750.79
Cash Growth	35.55%	-13.31%	5.12%	49.10%	-22.88%	-39.11%
Accounts Receivable	1,168	1,321	1,544	1,393	1,533	1,537
Other Receivables	43.29	46.83	80.04	63.28	114.57	112.8
Receivables	1,211	1,368	1,624	1,456	1,647	1,650
Inventory	1,665	1,748	1,885	1,705	1,258	1,290
Prepaid Expenses	-	-	7.12	0.53	2.8	1.05
Other Current Assets	261.52	238.25	229.63	224.99	249.19	131.36
Total Current Assets	4,189	4,141	4,653	4,250	3,736	3,822
Property, Plant & Equipment	1,406	1,400	1,237	1,164	1,100	999.83
Long-Term Investments	122.99	126.7	148.89	125.15	168.89	231.57
Goodwill	10.11	10.11	42.87	68.35	71.9	100.69
Other Intangible Assets	226.03	228.01	239.13	247.44	202.34	212.01
Long-Term Deferred Tax Assets	86.19	85.42	72.46	71.67	68.46	68.5
Long-Term Deferred Charges	30.4	33.82	43.48	27.21	27.31	21.2
Other Long-Term Assets	22.65	19.22	6.62	35.21	39.69	8.58
Total Assets	6,094	6,044	6,444	5,989	5,415	5,465
Accounts Payable	637.62	732.43	783.84	689.84	571.17	767.22
Accrued Expenses	63.22	68.29	103.61	79.56	117.18	90.55
Short-Term Debt	581.37	556.7	801.44	517.44	878.3	617.87
Current Portion of Long-Term Debt	155.45	60.95	88.26	71.28	-	-
Current Portion of Leases	-	-	2.6	1.08	3.58	0.08
Current Income Taxes Payable	40.44	29.97	8.18	8.76	15.4	42.85
Current Unearned Revenue	248.13	254.8	370.24	305.96	334.28	318.62
Other Current Liabilities	92.18	134.72	180.08	129.58	205.25	164.44
Total Current Liabilities	1,818	1,838	2,338	1,803	2,125	2,002
Long-Term Debt	890.22	907.97	743.25	751.89	17.05	-
Long-Term Leases	4.61	3.19	2.64	0.27	1.27	6.49
Long-Term Unearned Revenue	87.1	88.1	81.9	83.73	89.42	47.36
Long-Term Deferred Tax Liabilities	32.8	34.04	35.35	37.02	21.23	16.91
Other Long-Term Liabilities	71.75	66.52	101.29	88.59	93.53	104.83
Total Liabilities	2,905	2,938	3,303	2,765	2,348	2,177
Common Stock	532.01	532.01	532	534.32	534.47	534.56
Additional Paid-In Capital	1,036	1,029	1,022	1,010	1,011	1,249
Retained Earnings	1,650	1,573	1,537	1,539	1,508	1,450
Treasury Stock	-175.11	-175.11	-115.12	-58.53	-71.86	-55.05
Comprehensive Income & Other	140.29	141.95	139.1	135.7	41.32	37.37
Total Common Equity	3,184	3,101	3,115	3,160	3,023	3,216
Minority Interest	5.13	5.41	26.53	63.28	44.04	71.94
Shareholders' Equity	3,189	3,106	3,141	3,224	3,067	3,288
Total Liabilities & Equity	6,094	6,044	6,444	5,989	5,415	5,465
Total Debt	1,632	1,529	1,638	1,342	900.2	624.43
Net Cash (Debt)	-580.24	-742.13	-730.69	-478.66	-321.17	126.36
Net Cash Growth	-	-	-	-	-	-83.47%
Net Cash Per Share	-1.08	-1.38	-1.37	-0.91	-0.60	0.24
Filing Date Shares Outstanding	515	518.47	516.03	518.35	529.82	533.28
Total Common Shares Outstanding	515	518.47	516.03	518.35	529.82	533.28
Working Capital	2,370	2,303	2,315	2,446	1,611	1,821
Book Value Per Share	6.18	5.98	6.04	6.10	5.71	6.03
Tangible Book Value	2,948	2,863	2,833	2,845	2,749	2,903
Tangible Book Value Per Share	5.72	5.52	5.49	5.49	5.19	5.44
Buildings	-	-	1,031	1,026	930.35	936.52
Machinery	-	-	423.91	370.22	350.09	323.44
Construction In Progress	-	-	257.82	200.16	207.48	85.13

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