SHE:002375 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	2,121	2,716	2,680	3,432	3,542	3,682
Trading Asset Securities	-	-	-	-	-	52.26
Cash & Short-Term Investments	2,121	2,716	2,680	3,432	3,542	3,735
Cash Growth	18.02%	1.36%	-21.91%	-3.12%	-5.15%	8.80%
Accounts Receivable	11,387	12,152	12,869	12,134	11,951	11,955
Other Receivables	335.68	270.26	-	-	37.73	374.98
Receivables	11,723	12,423	12,869	12,134	11,989	12,330
Inventory	2,098	1,935	2,202	2,527	2,823	2,298
Prepaid Expenses	-	-	0.07	0.08	0.26	3.16
Other Current Assets	644.29	572.14	733.35	748.23	823.38	654.18
Total Current Assets	16,586	17,646	18,485	18,841	19,178	19,019
Property, Plant & Equipment	758.01	779.26	833.21	876.72	957.68	970.34
Long-Term Investments	210.97	213.6	216.21	215.22	219.47	221.78
Goodwill	98.26	98.26	167.87	210.36	232.54	232.54
Other Intangible Assets	193.23	195.25	203.96	214.83	228.89	241.35
Long-Term Accounts Receivable	-	-	417.25	434.69	359.34	469.37
Long-Term Deferred Tax Assets	535.41	529.19	501.15	501.89	508.13	515.84
Long-Term Deferred Charges	29.6	31.2	40.69	53.84	62.2	62.5
Other Long-Term Assets	2,533	2,530	1,903	1,667	1,434	1,344
Total Assets	20,945	22,023	22,768	23,016	23,180	23,077
Accounts Payable	9,001	9,881	10,759	10,852	10,900	11,137
Accrued Expenses	66.98	137.46	307.59	339.97	353.69	313.09
Short-Term Debt	1,304	1,324	1,289	1,660	1,896	1,670
Current Portion of Long-Term Debt	6.48	10.5	0.52	9.81	106.1	275.61
Current Portion of Leases	-	-	19.55	26.22	37.41	38.03
Current Income Taxes Payable	154.04	191.17	20.5	12.97	16.18	20.72
Current Unearned Revenue	314.67	355.59	497.58	472.09	521.16	412.01
Other Current Liabilities	1,379	1,464	1,430	1,333	1,194	1,227
Total Current Liabilities	12,226	13,363	14,324	14,706	15,025	15,094
Long-Term Debt	15.8	15.8	16.3	-	9.8	99.6
Long-Term Leases	3.91	4.83	7.76	22.97	51.67	81.36
Long-Term Unearned Revenue	0.33	0.39	0.66	0.58	0.33	-
Long-Term Deferred Tax Liabilities	83.32	83.54	78.41	76.6	101.32	91.35
Other Long-Term Liabilities	7.32	7.63	14.11	10.37	35.36	33.94
Total Liabilities	12,337	13,475	14,441	14,817	15,223	15,400
Common Stock	1,340	1,340	1,340	1,340	1,340	1,340
Additional Paid-In Capital	1,895	1,895	1,895	1,895	1,892	1,921
Retained Earnings	5,274	5,208	4,969	4,693	4,461	4,308
Treasury Stock	-211.43	-211.43	-211.43	-61.42	-61.42	-200
Comprehensive Income & Other	25.99	25.99	25.99	25.99	25.99	25.99
Total Common Equity	8,324	8,258	8,019	7,892	7,657	7,395
Minority Interest	284.09	289.81	308.6	306.11	299.93	281.32
Shareholders' Equity	8,608	8,548	8,328	8,199	7,957	7,676
Total Liabilities & Equity	20,945	22,023	22,768	23,016	23,180	23,077
Total Debt	1,330	1,355	1,333	1,719	2,101	2,165
Net Cash (Debt)	790.39	1,361	1,346	1,713	1,441	1,570
Net Cash Growth	50.66%	1.09%	-21.39%	18.87%	-8.20%	9.25%
Net Cash Per Share	0.60	1.03	1.02	1.30	1.08	1.17
Filing Date Shares Outstanding	1,314	1,303	1,299	1,340	1,249	1,307
Total Common Shares Outstanding	1,314	1,303	1,299	1,340	1,249	1,307
Working Capital	4,360	4,283	4,161	4,135	4,153	3,925
Book Value Per Share	6.34	6.34	6.17	5.89	6.13	5.66
Tangible Book Value	8,032	7,965	7,647	7,467	7,195	6,921
Tangible Book Value Per Share	6.12	6.11	5.89	5.57	5.76	5.30
Buildings	-	-	890.86	890.75	903.29	884.19
Machinery	-	-	288.13	294.91	296.19	294.69
Construction In Progress	-	-	81.25	59.56	48.56	12.12

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