SHE:002449 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	1,016	1,267	1,364	1,364	1,445	1,051
Trading Asset Securities	-	-	40.12	151.55	60	20
Cash & Short-Term Investments	1,016	1,267	1,404	1,515	1,505	1,071
Cash Growth	-16.02%	-9.74%	-7.36%	0.70%	40.50%	47.86%
Accounts Receivable	1,367	1,501	1,473	1,464	1,316	1,704
Other Receivables	4.91	5.29	4.48	9.21	5.16	12.73
Receivables	1,372	1,506	1,478	1,474	1,321	1,717
Inventory	1,073	941.24	916.27	947.82	931.17	920.92
Other Current Assets	48.84	52.76	43.57	30.67	36.38	44.92
Total Current Assets	3,510	3,767	3,841	3,967	3,793	3,754
Property, Plant & Equipment	2,023	2,068	2,158	2,276	2,544	2,549
Long-Term Investments	50.28	50.28	39.08	60.53	59.22	57.91
Other Intangible Assets	115.24	117.88	121.91	129.32	106.72	108.76
Long-Term Deferred Tax Assets	32.99	33	31.06	28.77	27.59	28.06
Long-Term Deferred Charges	33.78	31.49	18.94	16.36	24.27	27.49
Other Long-Term Assets	28.61	37.89	38.76	47.9	25.36	33.51
Total Assets	5,794	6,105	6,249	6,526	6,580	6,558
Accounts Payable	1,465	1,704	1,695	1,786	1,712	2,172
Accrued Expenses	43.99	64.1	68.56	69.4	84.4	101.03
Short-Term Debt	108.44	138.95	156.28	66.69	-	-
Current Portion of Long-Term Debt	108.43	106.19	106.54	336.98	60.32	-
Current Portion of Leases	-	1.98	1.22	0.15	0.24	0.32
Current Income Taxes Payable	6.34	2.45	1.88	0.18	0.6	1.12
Current Unearned Revenue	28.51	29.73	40.21	49.66	53.24	56.52
Other Current Liabilities	28.89	29.09	27.55	31.78	168.98	81.16
Total Current Liabilities	1,790	2,077	2,097	2,341	2,080	2,413
Long-Term Debt	78.53	78.37	187.25	228.21	565.02	-
Long-Term Leases	0.9	1.52	4.17	-	-	0.2
Long-Term Unearned Revenue	70.23	76.4	45.64	57.66	81.93	111.89
Long-Term Deferred Tax Liabilities	82.82	83.08	91.14	96.52	99.66	92.48
Other Long-Term Liabilities	-	-	0	-	0.01	9.75
Total Liabilities	2,022	2,316	2,425	2,723	2,826	2,627
Common Stock	618.48	618.48	618.48	618.48	618.48	618.48
Additional Paid-In Capital	1,455	1,455	1,452	1,452	1,452	1,721
Retained Earnings	1,669	1,702	1,746	1,732	1,683	1,593
Comprehensive Income & Other	15.2	13.57	7.5	1.47	-	-0.53
Total Common Equity	3,757	3,789	3,824	3,803	3,753	3,931
Minority Interest	14.74	0.2	0.21	-0.05	0.05	0.11
Shareholders' Equity	3,772	3,789	3,824	3,803	3,754	3,931
Total Liabilities & Equity	5,794	6,105	6,249	6,526	6,580	6,558
Total Debt	296.3	327.02	455.46	632.03	625.58	0.52
Net Cash (Debt)	719.99	940.06	948.33	883.25	879.14	1,070
Net Cash Growth	-9.60%	-0.87%	7.37%	0.47%	-17.87%	47.79%
Net Cash Per Share	1.16	1.52	1.53	1.43	1.42	1.73
Filing Date Shares Outstanding	618.48	618.48	618.48	618.48	618.48	618.48
Total Common Shares Outstanding	618.48	618.48	618.48	618.48	618.48	618.48
Working Capital	1,720	1,690	1,744	1,627	1,713	1,341
Book Value Per Share	6.07	6.13	6.18	6.15	6.07	6.36
Tangible Book Value	3,642	3,671	3,702	3,674	3,647	3,823
Tangible Book Value Per Share	5.89	5.94	5.99	5.94	5.90	6.18
Buildings	-	980.43	883.25	497.97	532.56	530.25
Machinery	-	4,132	4,001	3,915	3,884	3,661
Construction In Progress	-	180.02	228.3	493.06	447.19	356.97

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