SHE:002128 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	4,043	2,450	2,980	1,693	1,859	1,608
Cash & Short-Term Investments	4,043	2,450	2,980	1,693	1,859	1,608
Cash Growth	11.65%	-17.80%	75.98%	-8.91%	15.60%	52.91%
Accounts Receivable	4,789	3,289	3,237	2,640	2,160	3,774
Other Receivables	257.26	254.05	419.4	316.52	379.59	403.09
Receivables	5,046	3,543	3,656	2,957	2,540	4,177
Inventory	1,572	1,388	1,258	1,446	1,798	1,467
Prepaid Expenses	-	-	0.28	11.65	11.65	-
Other Current Assets	1,516	1,518	1,284	1,035	1,218	794.02
Total Current Assets	12,177	8,899	9,178	7,143	7,427	8,046
Property, Plant & Equipment	38,781	38,958	34,043	33,432	27,903	24,014
Long-Term Investments	1,305	1,311	1,245	892.31	814.83	745.06
Goodwill	185.83	185.83	185.83	185.83	185.83	185.83
Other Intangible Assets	4,890	4,933	4,878	4,784	3,447	2,181
Long-Term Deferred Tax Assets	232.55	240.96	237.48	226.77	242.51	253.87
Long-Term Deferred Charges	448.25	470.21	553.35	534.98	497.53	512.78
Other Long-Term Assets	1,307	1,479	1,312	1,302	1,603	1,724
Total Assets	59,327	56,476	51,634	48,501	42,120	37,663
Accounts Payable	2,598	2,835	2,744	2,939	2,776	1,812
Accrued Expenses	442.94	494.17	447.94	511.13	455.93	750.78
Short-Term Debt	1,572	1,510	150.42	271.17	502.5	2,426
Current Portion of Long-Term Debt	782.26	563.09	438.29	282.91	300.73	1,824
Current Portion of Leases	-	50.86	77.39	64.43	39.87	46.24
Current Income Taxes Payable	961.25	229.83	158.66	107.84	124.53	249.62
Current Unearned Revenue	428.5	412.47	262.79	276.62	319.12	244.25
Other Current Liabilities	1,068	1,113	1,248	1,364	992.98	673.58
Total Current Liabilities	7,853	7,208	5,527	5,816	5,511	8,026
Long-Term Debt	4,943	4,840	6,733	7,474	8,275	5,106
Long-Term Leases	127.15	126.53	148.62	245.16	315.08	281.79
Long-Term Unearned Revenue	155.9	157.45	111.06	96.49	96.11	98.92
Pension & Post-Retirement Benefits	3.15	3.56	-	-	-	-
Long-Term Deferred Tax Liabilities	0.24	0.25	-	0.07	18.18	12.12
Other Long-Term Liabilities	518.64	512.72	541.91	564.73	589.29	618.45
Total Liabilities	13,601	12,848	13,062	14,197	14,805	14,144
Common Stock	2,242	2,242	2,242	2,242	1,922	1,922
Additional Paid-In Capital	6,351	6,352	6,351	6,351	2,715	2,713
Retained Earnings	30,853	29,525	25,940	22,238	18,799	15,774
Comprehensive Income & Other	257.8	81.69	71	56.49	54.45	10.85
Total Common Equity	39,704	38,200	34,603	30,887	23,491	20,420
Minority Interest	6,022	5,428	3,969	3,417	3,824	3,099
Shareholders' Equity	45,726	43,628	38,572	34,304	27,315	23,519
Total Liabilities & Equity	59,327	56,476	51,634	48,501	42,120	37,663
Total Debt	7,424	7,090	7,548	8,338	9,434	9,684
Net Cash (Debt)	-3,381	-4,641	-4,568	-6,645	-7,575	-8,076
Net Cash Per Share	-1.51	-2.07	-2.04	-3.07	-3.93	-4.19
Filing Date Shares Outstanding	2,242	2,242	2,242	2,242	2,242	1,922
Total Common Shares Outstanding	2,242	2,242	2,242	2,242	1,922	1,922
Working Capital	4,324	1,691	3,651	1,327	1,916	19.96
Book Value Per Share	17.71	17.04	15.44	13.78	12.22	10.63
Tangible Book Value	34,627	33,081	29,539	25,918	19,858	18,053
Tangible Book Value Per Share	15.45	14.76	13.18	11.56	10.33	9.39
Buildings	-	10,728	10,358	10,062	9,933	10,516
Machinery	-	46,869	44,422	36,400	32,220	30,889
Construction In Progress	-	7,401	2,999	8,597	5,636	971.57

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