SHE:002531 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	971.22	1,031	998.6	822.64	1,163	738.52
Trading Asset Securities	-	-	100	5.03	14.4	-
Cash & Short-Term Investments	971.22	1,031	1,099	827.67	1,178	738.52
Cash Growth	-15.35%	-6.17%	32.73%	-29.72%	59.46%	3.95%
Accounts Receivable	4,735	5,074	4,846	5,443	4,975	4,714
Other Receivables	104.05	55.49	92.9	113.41	83.81	82.5
Receivables	4,839	5,129	4,939	5,557	5,059	4,796
Inventory	2,326	1,998	2,578	2,275	1,244	975.72
Other Current Assets	1,174	972.63	808.7	931.78	711.67	527.02
Total Current Assets	9,311	9,131	9,425	9,591	8,193	7,038
Property, Plant & Equipment	14,536	13,931	11,751	11,074	9,575	7,544
Long-Term Investments	222.04	229.83	375.6	381.6	298.05	427.24
Goodwill	1,905	1,905	1,905	1,905	-	-
Other Intangible Assets	1,096	1,037	1,010	891.61	525.46	373.39
Long-Term Accounts Receivable	-	-	-	-	-	50.91
Long-Term Deferred Tax Assets	558.06	525.71	307.99	207.4	152.32	111.26
Long-Term Deferred Charges	152.17	153.89	184.83	232.51	172.13	118.54
Other Long-Term Assets	93.83	162.89	137.05	26.97	966.93	37.45
Total Assets	27,874	27,076	25,097	24,311	19,883	15,700
Accounts Payable	2,520	2,946	2,754	3,952	2,693	1,634
Accrued Expenses	53.88	77.23	42.63	65.56	130.08	116.02
Short-Term Debt	2,721	2,441	2,107	1,815	2,695	2,117
Current Portion of Long-Term Debt	2,073	2,495	1,943	1,456	962.65	305.87
Current Portion of Leases	-	73.82	108.65	146.25	61.16	221.44
Current Income Taxes Payable	78.85	54.55	10.59	29.31	51.54	54.08
Current Unearned Revenue	632.92	578.71	644.04	389.88	129.15	201.36
Other Current Liabilities	197.47	186.44	175.14	107.3	37.7	63.34
Total Current Liabilities	8,277	8,853	7,785	7,961	6,760	4,714
Long-Term Debt	8,866	7,625	6,505	6,509	3,925	2,160
Long-Term Leases	864.5	763.89	716.85	829.6	857.38	942.48
Long-Term Unearned Revenue	8.78	9.04	9.54	9.68	9.42	1.53
Long-Term Deferred Tax Liabilities	32.67	32.38	58.63	67.8	17.58	32.92
Total Liabilities	18,049	17,283	15,076	15,377	11,569	7,850
Common Stock	1,797	1,797	1,797	1,797	1,803	1,803
Additional Paid-In Capital	1,454	-	-	1,493	1,674	1,682
Retained Earnings	5,436	5,394	5,666	5,596	4,801	4,317
Treasury Stock	-	-	-	-	-26.66	-26.66
Comprehensive Income & Other	-17.68	1,464	1,462	-0.16	1.19	1.91
Total Common Equity	8,669	8,655	8,924	8,886	8,252	7,776
Minority Interest	1,156	1,137	1,097	47.8	61.05	73.66
Shareholders' Equity	9,825	9,792	10,021	8,933	8,313	7,850
Total Liabilities & Equity	27,874	27,076	25,097	24,311	19,883	15,700
Total Debt	14,524	13,399	11,381	10,756	8,501	5,747
Net Cash (Debt)	-13,553	-12,368	-10,282	-9,928	-7,323	-5,008
Net Cash Per Share	-7.54	-6.88	-5.72	-5.49	-4.08	-2.79
Filing Date Shares Outstanding	1,797	1,797	1,797	1,797	1,797	1,797
Total Common Shares Outstanding	1,797	1,797	1,797	1,797	1,797	1,797
Working Capital	1,034	278.09	1,639	1,630	1,432	2,324
Book Value Per Share	4.82	4.82	4.97	4.94	4.59	4.33
Tangible Book Value	5,667	5,713	6,009	6,088	7,727	7,403
Tangible Book Value Per Share	3.15	3.18	3.34	3.39	4.30	4.12
Buildings	-	3,341	3,305	2,761	1,832	1,356
Machinery	-	11,061	10,982	9,514	7,174	5,069
Construction In Progress	-	3,391	517.76	1,148	2,397	908.97

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