SHE:002498 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	1,237	1,554	1,370	1,621	891.47	1,042
Short-Term Investments	-	-	42.64	109.04	22	12
Trading Asset Securities	742.11	643.8	1,124	252.28	656.25	616.16
Cash & Short-Term Investments	1,980	2,197	2,536	1,982	1,570	1,670
Cash Growth	-28.33%	-13.37%	27.96%	26.28%	-6.01%	10.76%
Accounts Receivable	4,276	3,828	3,671	3,781	4,089	3,689
Other Receivables	450.32	88.87	400.22	262.71	209.03	306.14
Receivables	4,726	3,917	4,071	4,043	4,298	3,995
Inventory	2,307	1,907	1,644	1,318	1,259	1,256
Prepaid Expenses	-	-	4.13	34.29	12.86	7.32
Other Current Assets	1,035	1,264	59.42	95.54	118.61	88.35
Total Current Assets	10,048	9,285	8,315	7,473	7,259	7,017
Property, Plant & Equipment	1,351	1,354	1,343	1,307	1,115	817.53
Long-Term Investments	799.93	767.25	1,134	920.77	698.04	764.07
Other Intangible Assets	416.89	420.17	435.02	540.46	509.91	520.3
Long-Term Deferred Tax Assets	136.58	132.74	131.08	107.05	102.92	92.12
Long-Term Deferred Charges	2.32	2.51	2.58	1.31	0.67	0.88
Other Long-Term Assets	514.06	539.95	83.84	66.07	169.61	109.08
Total Assets	13,269	12,501	11,445	10,416	9,855	9,321
Accounts Payable	815.71	704.33	536.7	578.17	485.45	879.15
Accrued Expenses	23.15	71	83.14	115.34	134.23	88.36
Short-Term Debt	2,658	1,715	1,712	954.57	974.62	277.17
Current Income Taxes Payable	37.32	30.41	14.34	19.51	18.29	52.57
Current Unearned Revenue	487.66	456.8	475.69	418.7	384.45	711.03
Other Current Liabilities	277.7	455.9	353.08	381.19	392.66	407.97
Total Current Liabilities	4,299	3,433	3,175	2,467	2,390	2,416
Long-Term Unearned Revenue	111.73	113.59	117.42	117.62	121.97	122.95
Long-Term Deferred Tax Liabilities	19.3	57.86	8.71	23.36	26.86	12.56
Other Long-Term Liabilities	-	-	-	-	130	260
Total Liabilities	4,430	3,605	3,301	2,608	2,669	2,812
Common Stock	3,327	3,327	3,327	3,327	3,327	3,327
Additional Paid-In Capital	190.56	190.56	190.78	190.4	190.4	190.4
Retained Earnings	5,236	5,075	4,649	4,097	3,457	2,791
Comprehensive Income & Other	59.76	280.05	-40.88	63.14	74.8	64.06
Total Common Equity	8,813	8,873	8,125	7,678	7,049	6,372
Minority Interest	25.38	23.62	18.85	129.82	138	136.88
Shareholders' Equity	8,838	8,896	8,144	7,807	7,187	6,509
Total Liabilities & Equity	13,269	12,501	11,445	10,416	9,855	9,321
Total Debt	2,658	1,715	1,712	954.57	974.62	277.17
Net Cash (Debt)	-678.22	482.59	824.92	1,028	595.1	1,393
Net Cash Growth	-	-41.50%	-19.73%	72.69%	-57.27%	-7.63%
Net Cash Per Share	-0.20	0.15	0.25	0.31	0.18	0.42
Filing Date Shares Outstanding	3,328	3,324	3,327	3,327	3,327	3,327
Total Common Shares Outstanding	3,328	3,324	3,327	3,327	3,327	3,327
Working Capital	5,748	5,852	5,141	5,005	4,869	4,601
Book Value Per Share	2.65	2.67	2.44	2.31	2.12	1.92
Tangible Book Value	8,396	8,453	7,690	7,137	6,539	5,852
Tangible Book Value Per Share	2.52	2.54	2.31	2.15	1.97	1.76
Buildings	-	-	842.45	794.07	484.25	405.73
Machinery	-	-	1,126	1,005	787.82	667.22
Construction In Progress	-	-	168.09	250.82	540.95	411.04

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