SHE:002185 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	5,479	5,369	5,155	5,472	5,251	7,135
Short-Term Investments	32.55	32.31	-	21.5	-	-
Trading Asset Securities	1,583	1,723	1,342	876.46	298.95	-
Cash & Short-Term Investments	7,094	7,124	6,497	6,370	5,550	7,135
Cash Growth	-4.52%	9.64%	2.00%	14.76%	-22.21%	145.29%
Accounts Receivable	3,288	3,085	2,631	2,321	1,916	1,864
Other Receivables	63.92	38.97	10.54	6.75	6.73	5.54
Receivables	3,352	3,124	2,642	2,328	1,923	1,870
Inventory	3,262	2,843	2,153	2,126	2,254	2,174
Prepaid Expenses	-	6.48	1.27	1.7	1.82	1.43
Other Current Assets	1,095	838.77	750.13	317.54	172.75	272.29
Total Current Assets	14,803	13,935	12,043	11,143	9,901	11,452
Property, Plant & Equipment	25,524	25,308	22,188	19,310	18,412	15,902
Long-Term Investments	959.15	1,023	978.32	968.74	627.08	565.09
Goodwill	715.53	723.62	715.21	729.21	753.88	729.94
Other Intangible Assets	484.54	492.76	510.42	484.94	420.71	445.75
Long-Term Deferred Tax Assets	450.67	454.04	430.93	370.08	266.41	209.79
Long-Term Deferred Charges	150.47	157.17	161.58	145.47	160.59	164.1
Other Long-Term Assets	2,064	1,027	1,208	600.2	430	505.18
Total Assets	45,151	43,121	38,236	33,752	30,971	29,974
Accounts Payable	5,685	4,875	3,860	3,001	2,770	3,841
Accrued Expenses	307.6	531.47	449.33	389.75	404.33	447.99
Short-Term Debt	6,733	5,722	1,919	2,411	2,125	1,699
Current Portion of Long-Term Debt	3,143	2,610	3,070	3,222	2,194	1,413
Current Portion of Leases	-	162.98	27.05	24.4	24.67	30.71
Current Income Taxes Payable	93.68	16.63	12.08	27.24	23.22	51.17
Current Unearned Revenue	95.32	125.91	125.91	112.09	163.59	196.03
Other Current Liabilities	336.69	414.94	398.83	424.57	447.09	495.86
Total Current Liabilities	16,394	14,459	9,863	9,612	8,151	8,175
Long-Term Debt	5,890	5,863	7,062	4,040	2,673	3,034
Long-Term Leases	370.09	359.63	137.42	125.18	141.28	163.23
Long-Term Unearned Revenue	472.96	486.04	473.05	492.35	477.49	337.31
Long-Term Deferred Tax Liabilities	444.21	468.78	385.93	358.13	330.44	300.37
Other Long-Term Liabilities	0.8	0.8	-	-	-	-
Total Liabilities	23,573	21,637	17,922	14,628	11,773	12,010
Common Stock	3,267	3,264	3,204	3,204	3,204	3,204
Additional Paid-In Capital	7,874	7,846	7,387	7,180	7,201	7,155
Retained Earnings	6,747	6,660	6,136	5,590	5,447	4,837
Comprehensive Income & Other	29.06	42.55	-69.05	-124.3	-62.85	-146.99
Total Common Equity	17,917	17,813	16,659	15,850	15,789	15,049
Minority Interest	3,661	3,671	3,656	3,274	3,409	2,915
Shareholders' Equity	21,578	21,484	20,314	19,124	19,198	17,964
Total Liabilities & Equity	45,151	43,121	38,236	33,752	30,971	29,974
Total Debt	16,136	14,717	12,216	9,823	7,157	6,340
Net Cash (Debt)	-9,042	-7,593	-5,719	-3,453	-1,607	794.31
Net Cash Per Share	-2.72	-2.31	-1.78	-1.08	-0.50	0.28
Filing Date Shares Outstanding	3,267	3,264	3,204	3,204	3,204	3,204
Total Common Shares Outstanding	3,267	3,264	3,204	3,204	3,204	3,204
Working Capital	-1,592	-523.71	2,180	1,531	1,750	3,277
Book Value Per Share	5.48	5.46	5.20	4.95	4.93	4.70
Tangible Book Value	16,717	16,597	15,433	14,636	14,615	13,874
Tangible Book Value Per Share	5.12	5.08	4.82	4.57	4.56	4.33
Buildings	-	7,135	6,309	4,206	3,754	3,101
Machinery	-	29,606	25,493	22,537	20,936	18,251
Construction In Progress	-	3,424	2,566	2,876	1,821	583.2

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