SHE:002573 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Cash & Equivalents	1,255	918.86	1,191	1,570	1,597
Short-Term Investments	-	-	-	-	50
Trading Asset Securities	93.44	7.05	68.79	8.74	125.32
Cash & Short-Term Investments	1,348	925.9	1,260	1,579	1,772
Cash Growth	45.59%	-26.49%	-20.22%	-10.91%	226.78%
Accounts Receivable	5,174	5,372	5,693	5,163	5,038
Other Receivables	856.12	760.89	809.35	608.69	542.42
Receivables	6,031	6,133	6,502	5,772	5,580
Inventory	1,436	1,743	1,385	1,715	1,207
Other Current Assets	756.24	754.16	983.14	1,033	861.97
Total Current Assets	9,571	9,557	10,130	10,099	9,421
Property, Plant & Equipment	5,697	6,329	6,437	6,091	5,068
Long-Term Investments	804.16	841.84	785.67	778.79	850.43
Goodwill	559.07	679	679	679	328.26
Other Intangible Assets	5,676	5,853	4,776	4,603	4,669
Long-Term Accounts Receivable	-	692.32	745.85	667.26	734.06
Long-Term Deferred Tax Assets	358.27	269.27	307.65	206.23	167.52
Long-Term Deferred Charges	57.82	63.02	81.47	100.13	86.07
Other Long-Term Assets	1,390	510.35	614.05	451.05	262.4
Total Assets	24,113	24,795	24,557	23,675	21,587
Accounts Payable	2,566	2,507	2,301	2,258	2,598
Accrued Expenses	253.94	383.63	353.88	436.69	534.55
Short-Term Debt	4,238	3,997	2,918	2,491	1,960
Current Portion of Long-Term Debt	1,810	1,882	1,927	1,709	1,040
Current Portion of Leases	-	31.68	32.69	38.83	24.05
Current Income Taxes Payable	212.28	25.85	69.9	65.03	45.55
Current Unearned Revenue	864.17	1,008	734.86	1,014	961.36
Other Current Liabilities	1,051	1,069	862.97	721.14	619.96
Total Current Liabilities	10,996	10,904	9,201	8,734	7,784
Long-Term Debt	5,082	5,300	6,466	6,299	6,093
Long-Term Leases	108.11	142.43	197.92	246.2	101.13
Long-Term Unearned Revenue	541.12	549.14	553.12	549.35	539.41
Long-Term Deferred Tax Liabilities	120.47	111.72	85.56	55.41	29.28
Other Long-Term Liabilities	388.21	312.42	220.02	166.85	143.95
Total Liabilities	17,235	17,320	16,723	16,051	14,690
Common Stock	1,415	1,424	1,434	1,434	1,404
Additional Paid-In Capital	1,411	1,464	1,489	1,483	1,397
Retained Earnings	2,669	3,085	3,603	3,633	3,325
Treasury Stock	-	-32.71	-96.91	-101.54	-
Comprehensive Income & Other	-21.04	-23.04	-24.1	-36.91	-37.16
Total Common Equity	5,474	5,918	6,405	6,412	6,089
Minority Interest	1,404	1,557	1,429	1,212	807.13
Shareholders' Equity	6,878	7,474	7,834	7,624	6,896
Total Liabilities & Equity	24,113	24,795	24,557	23,675	21,587
Total Debt	11,239	11,354	11,542	10,785	9,218
Net Cash (Debt)	-9,891	-10,428	-10,283	-9,206	-7,446
Net Cash Per Share	-6.99	-7.42	-7.20	-6.54	-5.63
Filing Date Shares Outstanding	1,445	1,424	1,434	1,385	1,404
Total Common Shares Outstanding	1,445	1,424	1,434	1,385	1,404
Working Capital	-1,425	-1,347	929.67	1,365	1,637
Book Value Per Share	3.79	4.15	4.47	4.63	4.34
Tangible Book Value	-760.41	-614.37	949.92	1,130	1,092
Tangible Book Value Per Share	-0.53	-0.43	0.66	0.82	0.78
Buildings	-	2,655	2,110	1,304	1,146
Machinery	-	6,597	6,350	5,787	5,549
Construction In Progress	-	780.15	1,019	1,361	351.74

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