SHE:002129 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	7,814	11,889	12,817	10,020	10,167	10,746
Short-Term Investments	-	-	-	69.9	939.86	551.15
Trading Asset Securities	3,321	1,215	2,457	3,878	4,508	1,232
Cash & Short-Term Investments	11,136	13,104	15,274	13,967	15,614	12,530
Cash Growth	-20.69%	-14.20%	9.35%	-10.55%	24.62%	54.87%
Accounts Receivable	6,814	7,119	5,689	6,608	5,315	5,604
Other Receivables	681.72	2,726	3,243	3,415	1,562	1,194
Receivables	7,496	9,845	8,932	10,023	6,877	6,798
Inventory	6,238	5,867	6,324	8,164	6,430	3,129
Other Current Assets	3,735	2,819	1,756	2,473	2,908	2,002
Total Current Assets	28,606	31,636	32,286	34,627	31,830	24,459
Property, Plant & Equipment	68,505	69,615	75,435	72,760	59,430	40,621
Long-Term Investments	1,397	4,575	4,946	6,027	8,708	5,301
Goodwill	1,395	1,395	2,036	1,395	214.68	214.68
Other Intangible Assets	5,572	5,512	5,090	4,341	3,524	2,839
Long-Term Deferred Tax Assets	641.1	633.14	332.88	192.94	175.11	217.78
Long-Term Deferred Charges	1,241	1,261	1,559	1,567	1,327	1,509
Other Long-Term Assets	6,496	3,371	3,913	4,153	3,104	2,818
Total Assets	113,853	117,997	125,598	125,063	108,313	77,979
Accounts Payable	16,685	16,682	17,494	15,376	16,576	8,940
Accrued Expenses	487.38	843.16	1,100	787.37	746.22	509.19
Short-Term Debt	30	130	142.11	250.12	650.65	1,393
Current Portion of Long-Term Debt	8,382	8,907	6,947	4,034	1,962	5,816
Current Portion of Leases	-	2,457	397.47	427.74	373.73	766.64
Current Income Taxes Payable	261.03	85.49	107.41	153.48	305.41	418.86
Current Unearned Revenue	584.64	654.88	957.71	1,070	1,818	1,950
Other Current Liabilities	875.64	869.07	378.33	226.25	587.73	650.79
Total Current Liabilities	27,306	30,629	27,524	22,324	23,020	20,444
Long-Term Debt	44,869	42,356	43,303	35,482	31,911	12,633
Long-Term Leases	4,425	4,526	6,867	5,902	5,271	1,718
Long-Term Unearned Revenue	153.16	224.34	103.12	64.01	50.6	704.7
Pension & Post-Retirement Benefits	-	-	-	-	155.26	155.26
Long-Term Deferred Tax Liabilities	666.1	800.7	1,124	978.34	797.87	634.79
Other Long-Term Liabilities	214.59	202.87	206.49	75.43	47.1	20
Total Liabilities	77,634	78,738	79,127	64,826	61,253	36,310
Common Stock	4,043	4,043	4,043	4,043	3,234	3,232
Additional Paid-In Capital	21,547	21,869	21,610	21,378	21,004	21,134
Retained Earnings	-4,651	-2,962	6,301	17,170	14,077	7,614
Treasury Stock	-892.38	-892.38	-1,056	-1,159	-720.87	-329.93
Comprehensive Income & Other	-40.23	-89.65	8.47	51.71	24.16	22.62
Total Common Equity	20,007	21,968	30,907	41,484	37,618	31,672
Minority Interest	16,212	17,291	15,563	18,753	9,442	9,997
Shareholders' Equity	36,219	39,259	46,470	60,237	47,060	41,670
Total Liabilities & Equity	113,853	117,997	125,598	125,063	108,313	77,979
Total Debt	57,706	58,376	57,656	46,096	40,169	22,326
Net Cash (Debt)	-46,570	-45,271	-42,382	-32,128	-24,554	-9,796
Net Cash Per Share	-11.65	-11.33	-10.63	-8.01	-6.10	-2.56
Filing Date Shares Outstanding	3,998	4,000	4,038	4,038	4,019	4,028
Total Common Shares Outstanding	3,998	4,000	4,038	4,017	4,019	4,028
Working Capital	1,299	1,008	4,762	12,303	8,809	4,015
Book Value Per Share	5.00	5.49	7.65	10.33	9.36	7.86
Tangible Book Value	13,040	15,062	23,781	35,748	33,879	28,618
Tangible Book Value Per Share	3.26	3.77	5.89	8.90	8.43	7.10
Buildings	-	15,820	15,273	11,770	7,857	6,357
Machinery	-	68,737	63,905	58,333	43,819	30,166
Construction In Progress	-	10,268	15,230	13,566	13,951	9,111

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