SHE:002928 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	2,192	1,816	1,659	1,920	1,789	1,391
Trading Asset Securities	0.02	0.02	0.02	0.02	0.03	-
Cash & Short-Term Investments	2,192	1,816	1,659	1,920	1,789	1,391
Cash Growth	8.06%	9.46%	-13.60%	7.32%	28.67%	-6.60%
Accounts Receivable	1,454	1,271	1,035	900.65	874.39	1,126
Other Receivables	1,833	2,043	1,765	697.92	1,046	979.99
Receivables	3,287	3,313	2,800	1,599	1,921	2,106
Inventory	293.1	288.64	236.17	193.61	172.43	139.55
Other Current Assets	836.79	823.27	484.81	363.87	244.91	290.64
Total Current Assets	6,610	6,242	5,181	4,076	4,127	3,927
Property, Plant & Equipment	15,833	15,830	13,817	12,321	11,845	11,169
Long-Term Investments	0.18	2.56	3.05	4.68	3.14	0.38
Other Intangible Assets	92.67	94.83	101.06	177.92	187.08	181.84
Long-Term Deferred Tax Assets	478.26	499.64	570.88	644.26	477.24	91.23
Long-Term Deferred Charges	1,148	1,141	1,025	954.82	847.59	837.62
Other Long-Term Assets	2.47	-	0.19	0.23	8.11	-
Total Assets	24,165	23,810	20,698	18,179	17,496	16,207
Accounts Payable	1,543	1,524	735.75	570.72	546.78	454.64
Accrued Expenses	3.8	295.17	210.12	82.99	69.42	81.08
Short-Term Debt	3,309	2,969	2,579	2,077	2,187	2,523
Current Portion of Long-Term Debt	2,371	455.08	494.44	1,462	474.46	327.09
Current Portion of Leases	-	1,383	1,521	1,008	1,035	907.72
Current Income Taxes Payable	78.99	1.9	3.32	9.2	12.21	12.98
Current Unearned Revenue	123.85	117.87	157.15	66.19	36.11	59.35
Other Current Liabilities	489.95	822.27	569.54	475.4	346.22	328.17
Total Current Liabilities	7,920	7,568	6,271	5,752	4,707	4,694
Long-Term Debt	3,355	2,935	1,939	1,783	1,543	1,630
Long-Term Leases	8,520	8,997	8,463	7,280	6,951	6,078
Long-Term Unearned Revenue	32.94	34.7	42.95	68.88	60.41	55.99
Long-Term Deferred Tax Liabilities	-	-	0.01	0.02	-	0.49
Other Long-Term Liabilities	356.96	408.88	623.97	207.74	181.62	130.33
Total Liabilities	20,185	19,944	17,340	15,092	13,443	12,589
Common Stock	1,278	1,278	1,278	1,278	1,278	1,014
Additional Paid-In Capital	3,276	3,276	3,261	3,296	3,296	1,151
Retained Earnings	-408.32	-542.36	-1,168	-1,436	-471.26	1,503
Treasury Stock	-166.49	-145.51	-13.06	-50.05	-50.05	-50.05
Comprehensive Income & Other	-	-	-	-	-	1.23
Total Common Equity	3,980	3,866	3,358	3,088	4,052	3,618
Shareholders' Equity	3,980	3,866	3,358	3,088	4,052	3,618
Total Liabilities & Equity	24,165	23,810	20,698	18,179	17,496	16,207
Total Debt	17,555	16,739	14,997	13,610	12,191	11,466
Net Cash (Debt)	-15,363	-14,923	-13,338	-11,690	-10,401	-10,075
Net Cash Per Share	-12.05	-11.68	-10.43	-9.18	-10.09	-9.94
Filing Date Shares Outstanding	1,263	1,263	1,274	1,274	1,274	1,009
Total Common Shares Outstanding	1,263	1,263	1,274	1,274	1,274	1,009
Working Capital	-1,310	-1,327	-1,090	-1,676	-579.71	-767.65
Book Value Per Share	3.15	3.06	2.64	2.42	3.18	3.59
Tangible Book Value	3,887	3,771	3,257	2,910	3,865	3,436
Tangible Book Value Per Share	3.08	2.99	2.56	2.28	3.03	3.41
Buildings	-	360.06	360.06	647.58	646.95	454.14
Machinery	-	4,437	2,698	2,737	2,298	1,874
Construction In Progress	-	1,099	1,091	944.48	1,200	1,965

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