SHE:002202 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	10,323	11,619	14,245	15,628	8,577
Short-Term Investments	1,002	4.43	5.92	3.58	1.54
Trading Asset Securities	1,000	1,000	700	500	400
Cash & Short-Term Investments	12,324	12,624	14,951	16,132	8,979
Cash Growth	-2.37%	-15.57%	-7.32%	79.66%	1.72%
Accounts Receivable	33,598	34,581	28,039	28,524	27,415
Other Receivables	1,730	2,637	2,161	3,226	2,044
Receivables	36,328	37,218	30,200	31,750	29,460
Inventory	16,879	14,828	15,257	9,848	4,818
Other Current Assets	5,634	3,931	3,421	4,643	4,680
Total Current Assets	71,165	68,601	63,829	62,373	47,936
Property, Plant & Equipment	55,455	47,951	44,278	39,770	39,550
Long-Term Investments	7,271	8,401	7,563	7,513	7,694
Goodwill	56.67	56.76	107.37	178.23	163.27
Other Intangible Assets	7,738	7,706	6,977	6,665	5,483
Long-Term Accounts Receivable	2,601	3,004	3,566	4,204	4,075
Long-Term Deferred Tax Assets	6,865	6,136	4,424	3,262	2,604
Long-Term Deferred Charges	521.13	310.3	530.01	503.46	807.13
Other Long-Term Assets	14,792	13,015	12,168	12,294	11,091
Total Assets	166,495	155,224	143,495	136,822	119,665
Accounts Payable	44,254	40,779	41,645	39,533	31,876
Accrued Expenses	1,378	1,365	1,316	1,491	1,469
Short-Term Debt	713.52	1,576	386.1	1,172	1,053
Current Portion of Long-Term Debt	3,712	3,711	3,895	5,045	3,701
Current Portion of Leases	412.52	529.49	403.98	266.93	112.4
Current Income Taxes Payable	1,809	1,633	1,190	572.06	797.65
Current Unearned Revenue	21,067	18,191	10,199	6,296	6,112
Other Current Liabilities	4,912	4,090	3,985	4,754	4,765
Total Current Liabilities	78,258	71,874	63,020	59,130	49,886
Long-Term Debt	28,265	29,506	28,151	28,366	24,374
Long-Term Leases	5,762	6,727	6,007	3,334	2,082
Long-Term Unearned Revenue	536.63	347.13	330.97	274.21	246.26
Long-Term Deferred Tax Liabilities	1,572	1,582	1,522	991.71	941.08
Other Long-Term Liabilities	4,921	4,762	4,235	4,380	5,407
Total Liabilities	119,314	114,797	103,266	96,476	82,937
Common Stock	4,225	4,225	4,225	4,225	4,225
Additional Paid-In Capital	12,124	12,037	12,157	12,148	12,106
Retained Earnings	22,780	20,707	19,347	18,659	17,493
Treasury Stock	-175.26	-190.78	-	-	-
Comprehensive Income & Other	4,483	1,750	1,881	3,062	2,008
Total Common Equity	43,436	38,529	37,610	38,095	35,832
Minority Interest	3,744	1,898	2,619	2,251	896.81
Shareholders' Equity	47,181	40,427	40,229	40,346	36,728
Total Liabilities & Equity	166,495	155,224	143,495	136,822	119,665
Total Debt	38,865	42,049	38,843	38,183	31,323
Net Cash (Debt)	-26,541	-29,425	-23,892	-22,052	-22,344
Net Cash Per Share	-6.33	-6.98	-5.65	-5.22	-5.29
Filing Date Shares Outstanding	3,742	4,222	4,225	4,225	4,225
Total Common Shares Outstanding	3,742	4,222	4,225	4,225	4,225
Working Capital	-7,093	-3,273	809.87	3,243	-1,950
Book Value Per Share	10.37	8.65	8.42	8.31	8.01
Tangible Book Value	35,642	30,767	30,525	31,252	30,185
Tangible Book Value Per Share	8.28	6.81	6.74	6.69	6.67
Buildings	4,508	4,013	3,079	2,135	1,885
Machinery	50,404	41,827	39,417	35,068	29,264
Construction In Progress	10,224	10,626	7,795	7,200	11,837

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