SHE:002668 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	3,749	2,660	2,504	2,417	2,485	3,293
Short-Term Investments	-	939.99	1,612	555.46	-	-
Trading Asset Securities	2,056	2,190	799.2	1,128	250.79	-
Cash & Short-Term Investments	5,805	5,790	4,915	4,100	2,735	3,293
Cash Growth	41.48%	17.81%	19.89%	49.88%	-16.93%	-31.18%
Accounts Receivable	4,200	3,992	4,450	3,740	2,711	1,238
Other Receivables	114.51	165.22	143.92	53.43	731.32	12.83
Receivables	4,315	4,157	4,594	3,793	3,443	1,251
Inventory	1,383	1,546	1,773	1,541	1,256	891.49
Other Current Assets	861.8	486.1	235.14	253.11	205.4	297.62
Total Current Assets	12,364	11,980	11,517	9,687	7,640	5,733
Property, Plant & Equipment	2,989	2,929	2,781	2,182	1,865	948.1
Long-Term Investments	216.32	216.32	216.32	390.95	258.89	226.32
Goodwill	6.19	6.19	6.19	6.19	6.19	0.04
Other Intangible Assets	259.1	260.36	265.82	268.63	273.32	183.73
Long-Term Deferred Tax Assets	35.52	38.58	36.34	19.32	11.04	20.18
Long-Term Deferred Charges	-	-	-	-	0.32	-
Other Long-Term Assets	177.94	186.31	69.92	18.51	40.99	26.99
Total Assets	16,049	15,616	14,892	12,572	10,096	7,138
Accounts Payable	8,003	8,099	8,892	7,871	6,050	4,062
Accrued Expenses	283.11	541.31	572.57	518.74	370.91	233.32
Short-Term Debt	696.2	764.56	596.72	618.97	805.3	409.93
Current Portion of Long-Term Debt	120.9	43.85	21.23	17.88	44.81	191.91
Current Portion of Leases	-	82.86	58.13	27.16	35.01	23.84
Current Income Taxes Payable	188.27	124.78	99.36	81.72	55.1	55.15
Current Unearned Revenue	491.03	436.75	380.92	295.19	231.63	170.9
Other Current Liabilities	512.99	334.71	361.78	426.03	460.01	35.24
Total Current Liabilities	10,296	10,428	10,983	9,856	8,053	5,182
Long-Term Debt	125.15	116.63	113.31	212.72	46.46	234.32
Long-Term Leases	107.02	119.28	132.18	61.56	40.58	30.93
Long-Term Unearned Revenue	20.21	9.96	8.59	9.59	9.15	-
Pension & Post-Retirement Benefits	-	3.83	3.81	3.6	-	-
Long-Term Deferred Tax Liabilities	-	-	-	-	-	14.38
Other Long-Term Liabilities	88.63	82.77	108.84	49.27	37.18	167.7
Total Liabilities	10,637	10,761	11,350	10,193	8,186	5,629
Common Stock	1,084	1,084	1,084	1,084	1,084	1,084
Additional Paid-In Capital	1,584	1,584	1,584	1,584	1,914	1,656
Retained Earnings	1,444	1,137	13.97	-1,006	-1,793	-2,083
Comprehensive Income & Other	-263.77	-261.23	-265.5	-248.55	-235.92	-220.46
Total Common Equity	3,848	3,544	2,416	1,414	969.34	436.43
Minority Interest	1,563	1,311	1,126	965.14	939.93	1,072
Shareholders' Equity	5,412	4,855	3,542	2,379	1,909	1,509
Total Liabilities & Equity	16,049	15,616	14,892	12,572	10,096	7,138
Total Debt	1,049	1,127	921.56	938.27	972.15	890.93
Net Cash (Debt)	4,755	4,663	3,993	3,161	1,763	2,402
Net Cash Growth	53.24%	16.77%	26.32%	79.29%	-26.59%	-26.93%
Net Cash Per Share	4.39	4.32	3.68	2.93	1.63	2.10
Filing Date Shares Outstanding	1,095	1,084	1,084	1,084	1,084	1,084
Total Common Shares Outstanding	1,095	1,084	1,084	1,084	1,084	1,084
Working Capital	2,068	1,551	533.85	-169.47	-413.43	550.6
Book Value Per Share	3.51	3.27	2.23	1.30	0.89	0.40
Tangible Book Value	3,583	3,278	2,144	1,139	689.83	252.66
Tangible Book Value Per Share	3.27	3.02	1.98	1.05	0.64	0.23
Buildings	-	2,179	1,993	1,736	1,179	650.71
Machinery	-	2,825	2,457	2,178	1,974	1,050
Construction In Progress	-	221.83	313.98	115.98	391.83	59.47

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