SHE:002475 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	70,326	61,159	48,360	33,620	19,367	14,205
Short-Term Investments	9,794	31,068	19,205	1,757	-	-
Trading Asset Securities	5,534	2,842	1,403	1,721	1,353	2,107
Cash & Short-Term Investments	85,653	95,070	68,968	37,098	20,720	16,312
Cash Growth	41.34%	37.85%	85.91%	79.04%	27.03%	19.16%
Accounts Receivable	48,854	51,362	34,017	24,353	26,993	31,931
Other Receivables	1,378	1,910	916.83	322.41	431.12	598.46
Receivables	50,232	53,272	34,934	24,676	27,424	32,529
Inventory	46,032	42,333	31,703	29,758	37,363	20,901
Prepaid Expenses	-	2.49	11.31	36.28	-	-
Other Current Assets	30,698	5,340	2,929	2,661	2,784	2,567
Total Current Assets	212,615	196,017	138,545	94,228	88,292	72,309
Property, Plant & Equipment	71,217	72,953	54,469	47,436	47,663	38,224
Long-Term Investments	13,730	24,782	22,817	12,881	4,215	2,832
Goodwill	2,239	2,239	1,886	1,729	1,730	1,397
Other Intangible Assets	3,762	3,821	2,791	2,663	2,696	2,223
Long-Term Deferred Tax Assets	2,567	2,533	817.69	872.94	1,209	891.22
Long-Term Deferred Charges	1,240	1,134	770	590.27	810.91	733.02
Other Long-Term Assets	18,247	3,058	1,732	1,592	1,769	1,963
Total Assets	325,617	306,538	223,828	161,992	148,384	120,572
Accounts Payable	70,543	84,013	65,966	46,401	50,302	45,651
Accrued Expenses	3,863	6,138	3,522	2,714	2,791	2,350
Short-Term Debt	89,741	66,162	40,353	21,317	18,752	15,498
Current Portion of Long-Term Debt	15,848	13,077	2,103	2,738	1,053	157.79
Current Portion of Leases	-	587.4	153.95	129.21	179.28	112.29
Current Income Taxes Payable	2,447	1,173	640.6	561.05	357.55	289.61
Current Unearned Revenue	1,130	931.29	262.51	243.57	501.77	268.51
Other Current Liabilities	1,322	4,407	873.49	731.6	694.86	504.22
Total Current Liabilities	184,893	176,488	113,875	74,835	74,631	64,831
Long-Term Debt	25,840	19,934	22,925	14,838	11,895	7,831
Long-Term Leases	2,358	2,353	727.98	552.49	800.74	315.09
Long-Term Unearned Revenue	1,182	1,138	649.11	595.32	665.91	538.56
Long-Term Deferred Tax Liabilities	1,020	1,144	955.82	883.92	1,607	1,272
Other Long-Term Liabilities	1,344	1,460	7.85	2.11	1.01	2.13
Total Liabilities	216,638	202,517	139,140	91,707	89,600	74,789
Common Stock	7,286	7,284	7,236	7,148	7,100	7,050
Additional Paid-In Capital	11,160	9,945	7,546	5,012	3,653	2,720
Retained Earnings	72,406	68,746	54,719	43,470	33,409	25,026
Treasury Stock	-499.99	-	-	-	-	-
Comprehensive Income & Other	-1,484	-1,054	-174.34	679.58	1,181	492.58
Total Common Equity	88,868	84,921	69,327	56,310	45,343	35,289
Minority Interest	20,111	19,099	15,360	13,975	13,441	10,494
Shareholders' Equity	108,978	104,020	84,687	70,285	58,784	45,783
Total Liabilities & Equity	325,617	306,538	223,828	161,992	148,384	120,572
Total Debt	133,787	102,113	66,263	39,575	32,680	23,914
Net Cash (Debt)	-48,134	-7,044	2,705	-2,477	-11,959	-7,602
Net Cash Per Share	-6.50	-0.96	0.37	-0.35	-1.67	-1.06
Filing Date Shares Outstanding	7,286	7,284	7,247	7,178	7,130	7,050
Total Common Shares Outstanding	7,286	7,284	7,236	7,161	7,115	7,050
Working Capital	27,721	19,529	24,671	19,393	13,661	7,478
Book Value Per Share	12.20	11.66	9.58	7.86	6.37	5.01
Tangible Book Value	82,867	78,861	64,650	51,918	40,917	31,668
Tangible Book Value Per Share	11.37	10.83	8.93	7.25	5.75	4.49
Buildings	-	28,013	16,513	14,687	13,300	10,985
Machinery	-	101,338	71,367	58,285	50,486	35,996
Construction In Progress	-	4,290	5,379	2,226	2,695	3,685

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