SHE:002267 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	694.46	959.43	1,097	819.5	1,046	1,151
Short-Term Investments	-	31.62	-	-	-	-
Cash & Short-Term Investments	694.46	991.06	1,097	819.5	1,046	1,151
Cash Growth	-46.66%	-9.68%	33.89%	-21.64%	-9.10%	-2.40%
Accounts Receivable	112.76	103.3	112.52	158.78	268.68	393.66
Other Receivables	24.56	23.83	16.19	16.82	12.55	27.81
Receivables	137.33	127.14	128.72	175.61	281.24	421.47
Inventory	297.18	293.8	308.41	284.11	188.47	216.86
Prepaid Expenses	-	7.29	5.93	6.09	14.58	1.25
Other Current Assets	165.85	338.11	308.01	299.72	363.14	228.08
Total Current Assets	1,295	1,757	1,848	1,585	1,893	2,018
Property, Plant & Equipment	11,339	11,310	11,232	10,914	9,612	9,542
Long-Term Investments	589.94	571.06	601.22	596.49	479.59	452.15
Goodwill	122.06	122.06	117.42	124.45	144.92	151.72
Other Intangible Assets	721.35	727.74	699.83	669.76	623.01	622.31
Long-Term Deferred Tax Assets	45.21	45.15	47.2	43.57	40.76	41.99
Long-Term Deferred Charges	8.32	8.14	14.11	17.74	135.55	97.63
Other Long-Term Assets	91.03	72.57	88.22	110.77	98.51	67.41
Total Assets	14,212	14,614	14,649	14,061	13,027	12,993
Accounts Payable	1,550	1,552	1,256	1,237	1,767	1,777
Accrued Expenses	227.83	300.66	271.39	249.97	234.75	201.74
Short-Term Debt	635.55	809.91	1,017	1,022	1,264	613.52
Current Portion of Long-Term Debt	680.4	784.1	713.59	1,055	949.32	340.37
Current Portion of Leases	-	7.67	9.55	10.35	0.51	2.96
Current Income Taxes Payable	84.4	13.57	23.55	25.48	29.61	13.48
Current Unearned Revenue	751.94	1,282	1,205	1,177	762.37	715.33
Other Current Liabilities	165.08	217.93	992.36	230.43	256.5	608.55
Total Current Liabilities	4,095	4,968	5,489	5,008	5,264	4,272
Long-Term Debt	2,758	2,702	2,359	1,037	913.73	1,887
Long-Term Leases	5.2	7.06	5.58	14.97	6.72	1.72
Long-Term Unearned Revenue	55.32	56.05	57.3	55.25	237.46	186.82
Long-Term Deferred Tax Liabilities	3.69	3.6	2.47	2.64	2.58	2.67
Other Long-Term Liabilities	4.54	4.54	6.54	5.54	-	5.54
Total Liabilities	6,922	7,741	7,920	6,123	6,425	6,356
Common Stock	1,112	1,112	1,112	1,112	1,112	1,112
Additional Paid-In Capital	904.9	880.72	889.18	2,342	1,262	1,246
Retained Earnings	4,699	4,327	4,133	3,853	3,643	3,702
Comprehensive Income & Other	303.96	295.99	292.92	336.89	303.68	303.92
Total Common Equity	7,019	6,616	6,427	7,644	6,320	6,364
Minority Interest	270.45	257.13	301.94	293.93	282.16	273.27
Shareholders' Equity	7,290	6,873	6,729	7,938	6,603	6,637
Total Liabilities & Equity	14,212	14,614	14,649	14,061	13,027	12,993
Total Debt	4,079	4,311	4,105	3,140	3,135	2,846
Net Cash (Debt)	-3,384	-3,320	-3,007	-2,321	-2,089	-1,695
Net Cash Per Share	-3.04	-2.99	-2.70	-2.09	-1.88	-1.52
Filing Date Shares Outstanding	1,112	1,112	1,112	1,112	1,112	1,112
Total Common Shares Outstanding	1,112	1,112	1,112	1,112	1,112	1,112
Working Capital	-2,800	-3,210	-3,641	-3,423	-3,371	-2,254
Book Value Per Share	6.31	5.95	5.78	6.87	5.68	5.72
Tangible Book Value	6,176	5,766	5,610	6,850	5,552	5,590
Tangible Book Value Per Share	5.55	5.19	5.04	6.16	4.99	5.03
Buildings	-	1,811	1,688	1,531	1,391	1,278
Machinery	-	3,215	3,170	2,581	1,944	1,894
Construction In Progress	-	1,385	1,103	1,500	1,407	1,310