SHE:002941 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	2,374	3,757	3,804	3,948	4,065	3,301
Trading Asset Securities	-	19.99	-	-	-	-
Cash & Short-Term Investments	2,374	3,777	3,804	3,948	4,065	3,301
Cash Growth	-15.39%	-0.72%	-3.64%	-2.89%	23.13%	14.27%
Accounts Receivable	5,207	5,496	5,150	5,258	5,088	5,859
Other Receivables	285.72	265.52	276.61	453.31	451.64	458.43
Receivables	5,493	5,762	5,426	5,711	5,540	6,317
Inventory	411.17	329.18	201.14	145.41	213.94	218.51
Other Current Assets	657.75	585.29	388.14	632.4	625.66	568.49
Total Current Assets	8,936	10,453	9,820	10,437	10,444	10,406
Property, Plant & Equipment	539.75	547.19	428.59	385.82	342.29	243.27
Long-Term Investments	414.25	626.56	1,122	1,274	913.97	685.65
Goodwill	1.19	1.19	1.19	1.19	1.19	1.19
Other Intangible Assets	501.3	503.18	454.44	326.4	331.45	342.01
Long-Term Accounts Receivable	9,222	9,161	7,497	6,781	6,375	5,801
Long-Term Deferred Tax Assets	165.54	158.15	144.03	143.92	150.05	144.51
Long-Term Deferred Charges	18.51	20.32	9.22	6.07	7.73	14.72
Other Long-Term Assets	386.5	390.78	418.87	0.16	47.87	94.43
Total Assets	20,185	21,861	19,895	19,356	18,614	17,732
Accounts Payable	3,400	5,436	4,771	4,853	4,647	5,096
Accrued Expenses	51.57	194.13	174.22	195.04	294.23	120.93
Short-Term Debt	105.2	8.19	212.14	500.03	0.55	-
Current Portion of Long-Term Debt	1,635	1,624	1,061	868.18	1,120	604.16
Current Portion of Leases	-	6.48	5.42	3.67	1.24	0.69
Current Income Taxes Payable	36.2	41.01	48.22	38.94	49.29	66.57
Current Unearned Revenue	2,196	2,153	1,875	1,777	2,886	3,176
Other Current Liabilities	769.15	712.58	826.29	735.41	597.84	741.2
Total Current Liabilities	8,193	10,176	8,974	8,972	9,596	9,805
Long-Term Debt	5,363	5,024	5,776	5,438	4,500	3,636
Long-Term Leases	2.63	6.52	10.79	5.19	1.89	2.18
Long-Term Unearned Revenue	12	13.59	4.79	5.24	2.61	1.99
Long-Term Deferred Tax Liabilities	0.94	1.1	1.47	5.54	4.91	3.33
Other Long-Term Liabilities	334.99	336.11	105.9	180.5	48.24	139.97
Total Liabilities	13,907	15,557	14,873	14,606	14,153	13,589
Common Stock	729.75	729.75	645.58	645.08	645.06	645.05
Additional Paid-In Capital	1,609	1,609	750.44	730.6	731.4	727.46
Retained Earnings	2,321	2,336	1,960	1,744	1,474	1,187
Comprehensive Income & Other	28.25	34.35	222.7	215.61	205.08	210.41
Total Common Equity	4,687	4,709	3,579	3,335	3,056	2,770
Minority Interest	1,591	1,596	1,443	1,415	1,405	1,373
Shareholders' Equity	6,278	6,304	5,022	4,750	4,461	4,144
Total Liabilities & Equity	20,185	21,861	19,895	19,356	18,614	17,732
Total Debt	7,106	6,669	7,066	6,815	5,623	4,243
Net Cash (Debt)	-4,732	-2,892	-3,262	-2,867	-1,558	-941.7
Net Cash Per Share	-6.87	-4.29	-4.49	-4.04	-2.26	-1.42
Filing Date Shares Outstanding	729.75	729.75	645.58	645.08	645.06	645.05
Total Common Shares Outstanding	729.75	729.75	645.58	645.08	645.06	645.05
Working Capital	742.67	277.11	846.22	1,465	848.18	600.57
Book Value Per Share	6.42	6.45	5.54	5.17	4.74	4.29
Tangible Book Value	4,185	4,204	3,123	3,007	2,723	2,427
Tangible Book Value Per Share	5.73	5.76	4.84	4.66	4.22	3.76
Buildings	-	396.4	413.05	403.4	351.41	193.43
Machinery	-	495.31	505.7	494.49	474.35	487.78
Construction In Progress	-	154.05	2.94	2.02	2.02	2.29

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