SHE:002545 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	4,078	3,630	3,345	2,462	2,457	1,411
Trading Asset Securities	685	720.41	328.28	308.68	285.66	614.23
Cash & Short-Term Investments	4,763	4,350	3,673	2,771	2,742	2,025
Cash Growth	23.61%	18.43%	32.56%	1.05%	35.40%	-4.29%
Accounts Receivable	646.18	556.9	809.11	762.26	755.3	665.05
Other Receivables	88.92	81.15	112.91	116.22	169.35	140
Receivables	735.1	638.05	922.02	878.48	924.65	805.05
Inventory	809.29	891.98	633.88	752.76	1,068	1,168
Prepaid Expenses	-	-	19.08	45.73	6.29	3.8
Other Current Assets	136.95	124.75	32.42	87.72	88.77	85.79
Total Current Assets	6,444	6,005	5,281	4,536	4,830	4,088
Property, Plant & Equipment	2,478	2,571	2,771	3,058	2,920	2,470
Long-Term Investments	1,105	982.98	1,124	972.12	917.06	768.5
Goodwill	434.4	434.4	434.4	434.4	434.4	434.4
Other Intangible Assets	3,255	3,286	3,393	3,491	3,553	3,616
Long-Term Deferred Tax Assets	119.49	121.69	74.39	85.29	55.29	26.36
Long-Term Deferred Charges	333.43	357.45	394.16	365.76	287.82	253.31
Other Long-Term Assets	391.26	361.65	102.9	45.57	38.55	51.65
Total Assets	14,561	14,120	13,574	12,987	13,036	11,708
Accounts Payable	992.05	978.45	745.51	816.93	564.76	424.63
Accrued Expenses	53.91	61.01	248.39	75.58	43.74	39.62
Short-Term Debt	518.25	569.34	1,120	811.12	1,603	1,012
Current Portion of Long-Term Debt	111.51	122.81	167.11	430.51	128.86	102.97
Current Portion of Leases	-	-	3.41	3.19	3.07	4.14
Current Income Taxes Payable	796.31	760.96	225.75	317.44	188.36	112.41
Current Unearned Revenue	158.45	122.72	99.01	128.9	145.77	201.97
Other Current Liabilities	90.5	135.92	282.16	136.19	161.87	76.19
Total Current Liabilities	2,721	2,751	2,891	2,720	2,839	1,974
Long-Term Debt	437.88	444.25	540.32	471.33	464.48	441.07
Long-Term Leases	2.56	3.29	1.8	1.9	4.9	0.28
Long-Term Unearned Revenue	5.25	5.36	5.08	2.12	0.82	2
Long-Term Deferred Tax Liabilities	1,168	1,147	1,224	1,211	1,258	1,327
Other Long-Term Liabilities	1.85	1.63	1.65	0.35	0.33	0.29
Total Liabilities	4,336	4,353	4,664	4,406	4,568	3,745
Common Stock	1,244	1,244	1,244	1,244	1,244	1,244
Additional Paid-In Capital	4,611	4,611	4,611	4,611	4,611	4,611
Retained Earnings	4,113	3,711	2,880	2,689	2,566	2,052
Comprehensive Income & Other	247.95	192.03	163.47	24.73	35.56	31.65
Total Common Equity	10,216	9,758	8,899	8,569	8,457	7,939
Minority Interest	9.02	8.99	10.68	11.58	11.58	24.06
Shareholders' Equity	10,225	9,767	8,910	8,581	8,468	7,963
Total Liabilities & Equity	14,561	14,120	13,574	12,987	13,036	11,708
Total Debt	1,070	1,140	1,832	1,718	2,204	1,561
Net Cash (Debt)	3,692	3,210	1,841	1,053	538.33	464.53
Net Cash Growth	79.51%	74.41%	74.82%	95.60%	15.89%	7.62%
Net Cash Per Share	2.97	2.58	1.48	0.85	0.43	0.37
Filing Date Shares Outstanding	1,244	1,244	1,244	1,244	1,244	1,244
Total Common Shares Outstanding	1,244	1,244	1,244	1,244	1,244	1,244
Working Capital	3,723	3,254	2,389	1,816	1,991	2,113
Book Value Per Share	8.21	7.84	7.15	6.89	6.80	6.38
Tangible Book Value	6,526	6,038	5,072	4,644	4,470	3,888
Tangible Book Value Per Share	5.25	4.85	4.08	3.73	3.59	3.13
Buildings	-	-	1,875	1,883	1,721	1,605
Machinery	-	-	1,749	1,735	1,347	1,223
Construction In Progress	-	-	284.79	397.06	776.64	335.16

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