SHE:002865 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	Dec '21 Dec 31, 2021
Cash & Equivalents	3,416	4,411	3,536	3,608	1,873	491.49
Trading Asset Securities	659.32	629.86	430.18	-	-	-
Cash & Short-Term Investments	4,075	5,041	3,966	3,608	1,873	491.49
Cash Growth	-25.28%	27.10%	9.92%	92.62%	281.10%	47.60%
Accounts Receivable	1,488	771.28	833.38	1,895	1,069	511.33
Other Receivables	114.96	118.8	46.59	89.5	10.19	5.96
Receivables	1,603	890.08	879.97	1,985	1,079	517.28
Inventory	445.12	637.98	552.08	727.29	338.92	437.74
Other Current Assets	949.1	838.48	933.8	680.31	268.1	235.52
Total Current Assets	7,072	7,407	6,332	7,000	3,559	1,682
Property, Plant & Equipment	7,348	7,509	8,490	9,356	4,077	2,655
Long-Term Investments	122.99	93.15	-	-	-	43.87
Goodwill	1,068	802.21	854.84	856.68	860.51	863.33
Other Intangible Assets	344.04	281.4	321.02	239.07	159.26	299.73
Long-Term Accounts Receivable	-	-	-	-	16.78	22.7
Long-Term Deferred Tax Assets	294.74	278.63	383.33	734.03	260.99	42.31
Long-Term Deferred Charges	-	0.13	0.45	1.07	3.3	283.41
Other Long-Term Assets	33.16	30.34	78.38	198.01	160.52	122.5
Total Assets	16,283	16,402	16,459	18,385	9,098	6,015
Accounts Payable	2,504	3,728	3,475	3,883	1,536	1,417
Accrued Expenses	42.04	78.21	91.92	227.99	113.96	83.44
Short-Term Debt	1,932	1,058	1,511	450.08	645.97	176.77
Current Portion of Long-Term Debt	-	1,865	934.21	647.87	344.1	31.46
Current Portion of Leases	-	170.02	49.74	166.78	248.26	330.77
Current Income Taxes Payable	15.89	-	-	-	0.93	4.97
Current Unearned Revenue	50.09	63.53	82.55	474.62	317.13	93.4
Other Current Liabilities	2,277	201.52	232.85	610.62	1,171	880.47
Total Current Liabilities	6,821	7,164	6,377	6,461	4,377	3,018
Long-Term Debt	1,881	2,021	2,142	2,030	1,678	792.34
Long-Term Leases	5.32	238.58	348.91	535.74	347.85	164.07
Long-Term Unearned Revenue	14.63	21.07	28.38	270.15	220.33	11.62
Long-Term Deferred Tax Liabilities	79.09	52.01	127.41	636.07	279.75	24.67
Other Long-Term Liabilities	3,411	3,246	3,548	3,743	1,143	400
Total Liabilities	12,213	12,743	12,572	13,676	8,047	4,411
Common Stock	311.27	292.58	229.15	227.39	141.52	137.29
Additional Paid-In Capital	-	4,158	3,033	2,995	96.32	660.94
Retained Earnings	-675.64	-689.81	725.98	1,487	812.99	192.84
Treasury Stock	-100.96	-100.96	-100.96	-	-	-
Comprehensive Income & Other	4,494	-0.33	0.02	-	-	10.76
Total Common Equity	4,029	3,660	3,887	4,709	1,051	1,002
Minority Interest	41.82	-	-	-	-	602.44
Shareholders' Equity	4,071	3,660	3,887	4,709	1,051	1,604
Total Liabilities & Equity	16,283	16,402	16,459	18,385	9,098	6,015
Total Debt	3,818	5,352	4,986	3,831	3,265	1,495
Net Cash (Debt)	256.99	-311.7	-1,020	-222.95	-1,391	-1,004
Net Cash Per Share	0.83	-1.16	-4.49	-1.03	-6.93	-5.43
Filing Date Shares Outstanding	309.53	290.85	227.42	227.39	197.86	191.94
Total Common Shares Outstanding	309.53	290.85	227.42	227.39	197.86	191.94
Working Capital	250.98	243.27	-45.78	539.72	-818.14	-1,336
Book Value Per Share	13.02	12.58	17.09	20.71	5.31	5.22
Tangible Book Value	2,617	2,576	2,711	3,613	31.07	-161.23
Tangible Book Value Per Share	8.45	8.86	11.92	15.89	0.16	-0.84
Buildings	-	2,571	2,655	2,570	843.68	781.96
Machinery	-	7,129	7,070	6,381	3,295	2,222
Construction In Progress	-	95.2	338.66	1,276	308.46	237.37

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