SHE:002930 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	489.2	346.39	428.39	609.66	911.7	670.39
Short-Term Investments	-	-	8.4	9.65	-	30.21
Trading Asset Securities	109.8	5	24.08	11.05	-	-
Cash & Short-Term Investments	599	351.39	460.87	630.36	911.7	700.6
Cash Growth	17.74%	-23.76%	-26.89%	-30.86%	30.13%	-24.01%
Accounts Receivable	217.25	207.72	195.06	194.91	167.24	110.9
Other Receivables	29.65	25.15	37.25	19.18	124.93	149.49
Receivables	246.9	232.87	232.3	214.09	292.17	260.39
Inventory	21.04	15.14	10.79	7.82	7.14	3.12
Other Current Assets	155.89	156.67	34.35	43.86	52.16	8.65
Total Current Assets	1,023	756.07	738.31	896.13	1,263	972.77
Property, Plant & Equipment	5,138	5,222	5,410	5,351	5,143	4,071
Long-Term Investments	753.18	733.15	731.67	739.44	733.02	464.56
Goodwill	512.87	514.36	817.77	842.57	417.02	299.77
Other Intangible Assets	1,353	1,384	1,353	1,298	1,153	877.16
Long-Term Deferred Tax Assets	109.4	102.38	102.73	89.17	81.32	55.05
Long-Term Deferred Charges	137.02	140.44	135.74	129.22	100.52	69.43
Other Long-Term Assets	9.1	11.19	8.21	12.38	60.26	82.09
Total Assets	9,035	8,864	9,366	9,470	9,162	6,892
Accounts Payable	111.35	140.99	134.04	125.7	102.12	132.39
Accrued Expenses	39.8	42.6	53.92	58.05	38.65	28.14
Short-Term Debt	234.24	233.96	100.09	389.39	1,786	133.16
Current Portion of Long-Term Debt	1,376	1,330	780.69	660.38	475.18	341.33
Current Portion of Leases	-	-	13	12.42	13.69	3.03
Current Income Taxes Payable	21.67	17.37	8.55	12.79	16.3	22.94
Current Unearned Revenue	26.97	28.89	15.93	26.45	15.6	9.54
Other Current Liabilities	108.35	100.35	111.48	349.87	96.51	86.02
Total Current Liabilities	1,919	1,894	1,218	1,635	2,544	756.55
Long-Term Debt	4,142	4,031	4,742	4,524	3,666	3,103
Long-Term Leases	28.05	28.19	37.62	42.57	56.82	15.06
Long-Term Unearned Revenue	137.32	114.41	60.1	21.51	10.78	11.3
Long-Term Deferred Tax Liabilities	219.66	217.82	230.96	247.1	178.6	121.61
Other Long-Term Liabilities	13.54	15.68	-	-	0.75	-
Total Liabilities	6,460	6,301	6,288	6,470	6,457	4,008
Common Stock	457.49	457.49	457.49	459.7	452.04	446.83
Additional Paid-In Capital	951.86	950.03	954.78	974.95	872.07	918.32
Retained Earnings	591.22	572.82	1,094	1,096	935.85	846.09
Treasury Stock	-	-	-	-	-	-1.85
Comprehensive Income & Other	105.53	106.76	112.81	114.82	110.72	149.94
Total Common Equity	2,106	2,087	2,619	2,646	2,371	2,359
Minority Interest	469.15	475.73	458.1	354.39	334.24	524.85
Shareholders' Equity	2,575	2,563	3,077	3,000	2,705	2,884
Total Liabilities & Equity	9,035	8,864	9,366	9,470	9,162	6,892
Total Debt	5,781	5,623	5,673	5,629	5,998	3,596
Net Cash (Debt)	-5,182	-5,272	-5,213	-4,999	-5,086	-2,895
Net Cash Per Share	-11.09	-11.53	-11.19	-10.96	-11.33	-6.08
Filing Date Shares Outstanding	459.81	398.31	457.49	460.27	452.04	446.83
Total Common Shares Outstanding	459.81	398.31	457.49	459.7	452.04	446.83
Working Capital	-895.87	-1,138	-479.4	-738.92	-1,280	216.22
Book Value Per Share	4.58	5.24	5.72	5.75	5.24	5.28
Tangible Book Value	240.67	188.35	447.93	505	800.75	1,182
Tangible Book Value Per Share	0.52	0.47	0.98	1.10	1.77	2.65
Buildings	-	-	1,736	1,517	1,425	988.25
Machinery	-	-	1,102	1,029	990.59	642.45
Construction In Progress	-	-	272.62	180.39	215.33	635.7

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