SHE:002870 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	1,125	1,183	966.83	687.07	799.96	461.93
Short-Term Investments	-	-	20.04	21.43	-	147.48
Trading Asset Securities	146.37	32.96	3.54	5.55	109.63	0.13
Cash & Short-Term Investments	1,271	1,216	990.41	714.05	909.6	609.54
Cash Growth	5.47%	22.82%	38.70%	-21.50%	49.23%	4.73%
Accounts Receivable	1,309	1,522	1,304	1,253	1,134	960.37
Other Receivables	71.34	67.13	71.16	35.04	25.57	20.93
Receivables	1,380	1,589	1,375	1,288	1,159	981.3
Inventory	1,147	1,276	1,146	1,053	1,042	801.32
Prepaid Expenses	-	20.72	15.02	14.53	2.33	36.47
Other Current Assets	222.76	181.46	178.97	150.78	128.6	133.01
Total Current Assets	4,021	4,283	3,705	3,220	3,242	2,562
Property, Plant & Equipment	1,963	2,045	2,142	2,066	1,791	1,516
Long-Term Investments	-	-	14.41	26.05	47.42	12.95
Goodwill	804.21	804.21	804.21	804.21	804.21	804.21
Other Intangible Assets	783.62	568.41	653.04	721.61	774.93	767.68
Long-Term Deferred Tax Assets	298.18	296.5	221.21	190.95	154.53	83.02
Long-Term Deferred Charges	268.81	536.7	497.67	500.13	429.59	412.03
Other Long-Term Assets	147.49	98.41	98.03	114.15	160.57	221.91
Total Assets	8,287	8,633	8,136	7,643	7,404	6,379
Accounts Payable	1,628	1,850	1,434	1,375	1,278	1,084
Accrued Expenses	110.16	315.56	443.99	436.15	412.83	373.31
Short-Term Debt	1,290	1,328	1,052	952.84	1,015	779.69
Current Portion of Long-Term Debt	628.44	544.14	632.35	359.13	155.41	349.59
Current Portion of Leases	-	85.15	61.76	64.83	43.52	51.29
Current Income Taxes Payable	64.69	14.05	34.36	44.99	29.35	22.75
Current Unearned Revenue	31.45	36.66	84.24	86.82	71.51	39.54
Other Current Liabilities	437.36	314.51	326.12	622.35	557.74	484.57
Total Current Liabilities	4,190	4,488	4,069	3,942	3,563	3,185
Long-Term Debt	1,008	1,010	1,026	783.99	520.89	436.36
Long-Term Leases	108.29	117.38	136.23	143.03	61.32	47.19
Long-Term Unearned Revenue	22.97	23.75	17.84	18.38	15.83	11.35
Long-Term Deferred Tax Liabilities	115.11	118.97	135.48	157.71	169.82	194.36
Other Long-Term Liabilities	13.05	11.96	17.15	14.06	335.36	598.95
Total Liabilities	5,458	5,771	5,401	5,059	4,666	4,473
Common Stock	132.08	132.08	132.08	132.08	132.08	110.67
Additional Paid-In Capital	863.47	863.47	863.47	864.95	1,071	503.62
Retained Earnings	696.54	707.01	627.11	485.06	343.69	257.43
Treasury Stock	-80.92	-80.92	-	-	-	-
Comprehensive Income & Other	25.14	39.11	-17.21	34.77	-7.81	-24.73
Total Common Equity	1,636	1,661	1,605	1,517	1,539	846.99
Minority Interest	1,193	1,201	1,129	1,067	1,199	1,059
Shareholders' Equity	2,829	2,862	2,735	2,584	2,738	1,906
Total Liabilities & Equity	8,287	8,633	8,136	7,643	7,404	6,379
Total Debt	3,035	3,085	2,908	2,304	1,796	1,664
Net Cash (Debt)	-1,764	-1,869	-1,917	-1,590	-886.47	-1,055
Net Cash Per Share	-13.44	-14.17	-14.57	-12.03	-7.09	-9.47
Filing Date Shares Outstanding	130.9	129.61	132.08	132.08	132.08	110.67
Total Common Shares Outstanding	130.9	129.61	132.08	132.08	132.08	110.67
Working Capital	-168.8	-204.89	-363.11	-721.56	-320.97	-623.4
Book Value Per Share	12.50	12.81	12.16	11.48	11.65	7.65
Tangible Book Value	48.46	288.13	148.19	-8.96	-39.92	-724.9
Tangible Book Value Per Share	0.37	2.22	1.12	-0.07	-0.30	-6.55
Land	-	41.24	37.65	40.15	37.52	36.55
Buildings	-	958.7	925.74	969.17	905.49	763.53
Machinery	-	2,154	1,986	1,741	1,548	1,396
Construction In Progress	-	183.13	342.43	362.02	272.43	131.28

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