SHE:002171 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	2,803	2,964	2,974	2,993	2,531	2,529
Trading Asset Securities	118.86	215.21	168.88	383.65	362.49	567.41
Cash & Short-Term Investments	2,922	3,179	3,143	3,377	2,894	3,096
Cash Growth	-2.88%	1.15%	-6.93%	16.70%	-6.55%	21.87%
Accounts Receivable	6,387	5,002	3,689	3,124	2,677	2,123
Other Receivables	800.58	707.93	488.54	301.49	188.55	128.67
Receivables	7,187	5,710	4,177	3,425	2,865	2,252
Inventory	5,555	4,075	4,325	3,282	2,729	2,500
Prepaid Expenses	-	12.07	10.29	17.14	14.29	5.95
Other Current Assets	1,290	1,962	1,114	824.26	901.49	733.94
Total Current Assets	16,954	14,938	12,770	10,926	9,404	8,588
Property, Plant & Equipment	4,716	4,747	4,188	3,713	3,208	2,665
Long-Term Investments	40.4	73.79	50.68	63.48	83.91	33.48
Goodwill	1,213	1,213	1,213	1,213	1,213	1,213
Other Intangible Assets	474.14	442.31	468.16	412.17	414.81	441.33
Long-Term Accounts Receivable	-	-	-	-	-	2.84
Long-Term Deferred Tax Assets	171.91	185.34	173.83	122.26	157.68	96.83
Long-Term Deferred Charges	8.21	7.43	13.08	19.57	19.31	3.49
Other Long-Term Assets	53.07	104.47	181.19	258.57	128.75	217.85
Total Assets	23,630	21,711	19,057	16,728	14,629	13,262
Accounts Payable	1,956	1,562	1,525	1,016	740.52	596.6
Accrued Expenses	60.15	318.01	354.12	332.9	323.41	272.13
Short-Term Debt	9,158	7,937	6,675	5,324	3,954	3,474
Current Portion of Long-Term Debt	383.41	559.31	234.66	123.93	81.83	8
Current Portion of Leases	-	7.64	7.36	7.64	7.6	7.26
Current Income Taxes Payable	81.34	43.24	50.63	34.67	20.14	49.37
Current Unearned Revenue	343.87	411.74	297.93	298.59	254.33	244.04
Other Current Liabilities	352.4	179.37	137.37	119.54	146.56	48.74
Total Current Liabilities	12,335	11,018	9,282	7,257	5,528	4,700
Long-Term Debt	1,275	874.98	1,242	2,086	2,027	1,750
Long-Term Leases	-	-	7.64	14.45	-	7.6
Long-Term Unearned Revenue	406.79	393.15	283.8	266.81	267.94	195.42
Long-Term Deferred Tax Liabilities	41.45	50.26	38.39	63.49	97.48	79.52
Other Long-Term Liabilities	25.01	30.38	34.18	23.57	11.76	8
Total Liabilities	14,084	12,367	10,888	9,712	7,933	6,740
Common Stock	1,623	1,623	1,509	1,335	1,335	1,335
Additional Paid-In Capital	4,774	4,733	4,028	3,004	2,995	2,947
Retained Earnings	2,746	2,584	2,200	2,255	1,920	2,118
Treasury Stock	-244.54	-244.54	-244.54	-338.68	-276.55	-431.15
Comprehensive Income & Other	8.6	11.33	75.08	203.01	210.86	198.3
Total Common Equity	8,907	8,707	7,568	6,458	6,184	6,166
Minority Interest	640.29	636.9	601.99	558.05	512.64	355.98
Shareholders' Equity	9,547	9,343	8,170	7,016	6,696	6,522
Total Liabilities & Equity	23,630	21,711	19,057	16,728	14,629	13,262
Total Debt	10,816	9,379	8,166	7,556	6,071	5,246
Net Cash (Debt)	-7,894	-6,200	-5,023	-4,179	-3,177	-2,150
Net Cash Per Share	-5.06	-4.05	-3.93	-2.84	-2.14	-1.40
Filing Date Shares Outstanding	1,593	1,593	1,479	1,294	1,303	1,275
Total Common Shares Outstanding	1,593	1,593	1,479	1,294	1,303	1,275
Working Capital	4,619	3,919	3,488	3,668	3,876	3,889
Book Value Per Share	5.59	5.47	5.12	4.99	4.75	4.84
Tangible Book Value	7,220	7,051	5,887	4,833	4,556	4,512
Tangible Book Value Per Share	4.53	4.43	3.98	3.73	3.50	3.54
Buildings	-	1,932	1,518	1,416	1,154	972.82
Machinery	-	4,210	3,628	3,154	2,759	2,341
Construction In Progress	-	338.52	484.8	344.64	347.34	238.61

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