SHE:002146 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	1,793	-	2,807	5,231	9,204	19,699
Trading Asset Securities	-	-	17	149.71	199.34	326.23
Cash & Short-Term Investments	1,793	2,166	2,824	5,381	9,404	20,025
Cash Growth	-27.42%	-23.30%	-47.52%	-42.78%	-53.04%	-36.62%
Accounts Receivable	4,136	-	4,087	5,143	5,229	6,491
Other Receivables	15,530	-	22,129	31,534	35,757	36,236
Receivables	19,665	-	26,216	36,677	40,987	42,727
Inventory	82,238	-	110,727	135,886	168,211	192,556
Other Current Assets	6,820	-	4,088	5,942	8,258	9,470
Total Current Assets	110,517	-	143,854	183,885	226,859	264,778
Property, Plant & Equipment	4,424	-	5,480	7,353	8,295	9,690
Long-Term Investments	2,051	-	4,146	8,222	8,404	11,824
Goodwill	65.15	-	153.41	155.55	153.45	157.45
Other Intangible Assets	1,206	-	1,282	1,459	1,538	1,696
Long-Term Deferred Tax Assets	3,613	-	2,851	2,724	2,210	2,864
Long-Term Deferred Charges	240.73	-	248.46	276.41	386.57	419.39
Other Long-Term Assets	5,595	-	3,747	1,782	1,805	1,347
Total Assets	127,711	-	161,762	205,857	249,651	292,775
Accounts Payable	25,202	-	27,061	28,791	28,028	31,980
Accrued Expenses	7,840	-	8,770	6,642	4,966	5,044
Short-Term Debt	25.05	-	94.03	69.62	1,850	813.03
Current Portion of Long-Term Debt	-	-	25,763	16,923	24,046	24,599
Current Portion of Leases	-	-	1,474	373.95	665.99	622.63
Current Income Taxes Payable	-	-	3,177	4,666	2,513	1,852
Current Unearned Revenue	13,609	-	35,109	61,017	103,553	109,945
Other Current Liabilities	59,284	-	27,586	33,195	38,808	38,110
Total Current Liabilities	105,959	-	129,034	151,679	204,430	212,965
Long-Term Debt	12,915	-	13,531	24,152	16,634	30,079
Long-Term Leases	586.36	-	1,066	2,561	2,326	2,537
Long-Term Unearned Revenue	382.42	-	409.07	430.85	459.72	558.11
Long-Term Deferred Tax Liabilities	230.18	-	392.32	663.63	720.71	1,214
Other Long-Term Liabilities	3.73	-	3.73	3.73	3.73	3.73
Total Liabilities	120,078	-	144,436	179,489	224,575	247,357
Common Stock	4,348	-	4,348	4,348	4,348	4,348
Additional Paid-In Capital	4,473	-	4,422	4,410	4,517	4,325
Retained Earnings	-3,877	-	6,209	14,653	14,268	30,766
Comprehensive Income & Other	126.53	-	-124.06	179.75	157.09	403.35
Total Common Equity	5,071	11,882	14,855	23,591	23,291	39,843
Minority Interest	2,563	-	2,471	2,777	1,786	5,575
Shareholders' Equity	7,634	14,926	17,327	26,368	25,077	45,418
Total Liabilities & Equity	127,711	-	161,762	205,857	249,651	292,775
Total Debt	13,527	41,416	41,928	44,079	45,522	58,651
Net Cash (Debt)	-11,733	-39,251	-39,104	-38,698	-36,118	-38,626
Net Cash Per Share	-2.68	-9.03	-8.98	-9.05	-8.31	-8.89
Filing Date Shares Outstanding	4,391	4,287	4,348	4,348	4,348	4,348
Total Common Shares Outstanding	4,391	4,287	4,348	4,348	4,348	4,348
Working Capital	4,558	-	14,821	32,207	22,428	51,812
Book Value Per Share	1.15	2.73	3.42	5.43	5.36	9.16
Tangible Book Value	3,799	10,503	13,420	21,976	21,599	37,989
Tangible Book Value Per Share	0.87	2.42	3.09	5.05	4.97	8.74
Buildings	-	-	6,105	6,928	7,091	7,620
Machinery	-	-	817.35	901.78	726.69	959.79
Construction In Progress	-	-	366.54	702.58	700.46	698.9

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