SHE:002541 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	2,191	1,973	1,474	1,411	913.19	2,114
Trading Asset Securities	300.05	300.05	-	-	-	-
Cash & Short-Term Investments	2,491	2,273	1,474	1,411	913.19	2,114
Cash Growth	102.61%	54.22%	4.47%	54.51%	-56.80%	-17.58%
Accounts Receivable	2,682	3,189	3,748	3,027	2,532	2,654
Other Receivables	103.19	94.36	85.64	91.76	87.65	65.04
Receivables	2,785	3,283	3,833	3,119	2,619	2,719
Inventory	12,024	11,280	8,956	8,419	8,284	7,500
Other Current Assets	998.08	947.5	999.21	931.85	822.54	764.9
Total Current Assets	18,299	17,784	15,262	13,881	12,639	13,098
Property, Plant & Equipment	8,082	8,168	7,879	7,388	6,112	4,926
Long-Term Investments	63.79	64.53	29.14	30.25	32.1	33.93
Other Intangible Assets	1,034	1,041	1,040	1,039	1,048	948.01
Long-Term Deferred Tax Assets	884.79	902.89	947.56	811.8	642.73	469.05
Other Long-Term Assets	158.39	71.97	83.31	134.8	116.1	101.07
Total Assets	28,522	28,032	25,241	23,284	20,589	19,576
Accounts Payable	5,006	6,129	4,430	4,397	3,766	4,457
Accrued Expenses	285.55	394.29	374.78	294.54	319.46	339.08
Short-Term Debt	3,341	2,299	2,025	1,271	1,870	1,676
Current Portion of Long-Term Debt	3,130	3,336	1,264	771.34	292.54	92.92
Current Income Taxes Payable	153.13	72.61	109.83	252.33	362.21	461.7
Current Unearned Revenue	1,149	1,076	859.27	995.67	970.97	895.86
Other Current Liabilities	343.29	375.62	321.24	363.33	424.54	601.91
Total Current Liabilities	13,408	13,683	9,384	8,345	8,006	8,525
Long-Term Debt	4,185	3,561	5,415	5,080	3,795	3,176
Long-Term Unearned Revenue	637.31	656.58	639.91	517.4	459.26	572.64
Long-Term Deferred Tax Liabilities	147.29	147.29	187.8	134.5	70.06	26.34
Other Long-Term Liabilities	11.73	-	-	13.21	-	5.66
Total Liabilities	18,389	18,048	15,627	14,090	12,330	12,305
Common Stock	690.02	690.02	690.01	690.01	690.01	530.78
Additional Paid-In Capital	2,287	2,287	2,284	2,281	2,279	2,437
Retained Earnings	6,947	6,800	6,416	6,001	5,001	4,014
Treasury Stock	-68.27	-68.27	-68.27	-68.27	-	-
Comprehensive Income & Other	273.58	273.59	289.9	289.91	289.91	289.92
Total Common Equity	10,129	9,982	9,611	9,194	8,260	7,271
Minority Interest	2.91	2.34	2.45	-	-	-
Shareholders' Equity	10,132	9,984	9,614	9,194	8,260	7,271
Total Liabilities & Equity	28,522	28,032	25,241	23,284	20,589	19,576
Total Debt	10,657	9,196	8,704	7,122	5,957	4,945
Net Cash (Debt)	-8,166	-6,923	-7,230	-5,711	-5,044	-2,831
Net Cash Per Share	-11.90	-10.09	-10.49	-8.09	-7.16	-3.98
Filing Date Shares Outstanding	687.51	687.37	687.36	687.36	690.01	690.01
Total Common Shares Outstanding	687.51	687.37	687.36	687.36	690.01	690.01
Working Capital	4,891	4,101	5,878	5,536	4,633	4,574
Book Value Per Share	14.73	14.52	13.98	13.38	11.97	10.54
Tangible Book Value	9,095	8,941	8,571	8,155	7,212	6,323
Tangible Book Value Per Share	13.23	13.01	12.47	11.86	10.45	9.16
Buildings	-	5,833	5,603	5,462	4,843	4,106
Machinery	-	6,029	5,060	4,227	2,885	2,192
Construction In Progress	-	67.42	245.8	69.53	239.06	198.08

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