SHE:002978 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	2,480	2,000	3,819	2,469	2,643	2,189
Short-Term Investments	-	240	200	-	-	-
Trading Asset Securities	199	179	99	-	-	-
Cash & Short-Term Investments	2,679	2,419	4,118	2,469	2,643	2,189
Cash Growth	-40.24%	-41.27%	66.77%	-6.56%	20.70%	30.67%
Accounts Receivable	249.05	111.89	383.17	683.4	728.73	731.58
Other Receivables	8.43	71.54	6.99	8.51	5.19	8.46
Receivables	257.48	183.43	390.16	691.91	733.92	740.04
Inventory	1,445	1,440	85.61	78.8	94.25	86.28
Prepaid Expenses	-	-	-	-	0	-
Other Current Assets	275.45	25.96	106.59	59.67	30.62	4.65
Total Current Assets	4,656	4,068	4,701	3,300	3,502	3,020
Property, Plant & Equipment	5,265	4,906	2,217	1,666	1,223	979.43
Long-Term Investments	919.48	922.88	984.87	1,005	1,028	942.76
Other Intangible Assets	5,657	5,662	689.28	701.74	469.84	297.53
Long-Term Deferred Tax Assets	28.08	24.27	26.69	29.41	29.03	18.05
Long-Term Deferred Charges	209.3	211.09	280.52	193.51	165.65	196.52
Other Long-Term Assets	958.51	1,052	595.01	237.92	142.55	155.89
Total Assets	17,694	16,846	9,494	7,134	6,560	5,611
Accounts Payable	1,026	1,127	374.44	308.64	346.87	221.54
Accrued Expenses	42.72	156.49	87.32	64.01	85.44	53.77
Short-Term Debt	9.62	1,668	316.24	263.12	268.46	63.66
Current Portion of Leases	-	0.04	0.11	1.25	1.26	0.95
Current Income Taxes Payable	91.98	36.65	41.91	63.37	88.78	118.16
Current Unearned Revenue	42.36	78.68	50.16	28.04	50.83	76.75
Other Current Liabilities	1,167	413.75	97.94	113.42	29.57	45.86
Total Current Liabilities	2,379	3,481	968.12	841.86	871.21	580.7
Long-Term Debt	6,020	4,209	100.09	-	-	-
Long-Term Leases	1.1	1.05	-	0.11	1.31	2.84
Long-Term Unearned Revenue	296.66	299.08	114.26	109.37	107.2	120.36
Long-Term Deferred Tax Liabilities	25.11	25.11	33.05	36.82	30.43	6.47
Other Long-Term Liabilities	160.81	160.9	88.56	89.63	90.3	92.39
Total Liabilities	8,883	8,176	1,304	1,078	1,100	802.75
Common Stock	471.99	471.99	471.99	401	401	401
Additional Paid-In Capital	2,634	2,642	2,638	1,025	1,025	1,025
Retained Earnings	5,567	5,414	4,929	4,478	3,942	3,285
Treasury Stock	-20.57	-26.33	-26.33	-9.24	-	-
Comprehensive Income & Other	123.79	121.15	128.08	111.59	91.22	96.41
Total Common Equity	8,776	8,622	8,141	6,006	5,459	4,808
Minority Interest	34.93	47.76	49.48	49.76	-	-
Shareholders' Equity	8,810	8,670	8,190	6,056	5,459	4,808
Total Liabilities & Equity	17,694	16,846	9,494	7,134	6,560	5,611
Total Debt	6,031	5,878	416.44	264.49	271.02	67.45
Net Cash (Debt)	-3,352	-3,460	3,702	2,205	2,372	2,122
Net Cash Growth	-	-	67.89%	-7.03%	11.77%	26.65%
Net Cash Per Share	-7.12	-7.34	9.25	5.50	5.91	5.29
Filing Date Shares Outstanding	471.05	471.08	471.08	400.09	401	401
Total Common Shares Outstanding	471.05	471.08	471.08	400.7	401	401
Working Capital	2,277	586.77	3,732	2,458	2,630	2,440
Book Value Per Share	18.63	18.30	17.28	14.99	13.61	11.99
Tangible Book Value	3,118	2,960	7,451	5,304	4,990	4,510
Tangible Book Value Per Share	6.62	6.28	15.82	13.24	12.44	11.25
Buildings	-	2,151	1,770	1,570	1,176	1,135
Machinery	-	1,154	818.87	741.28	682.15	545
Construction In Progress	-	3,017	840.9	390.32	241.46	44.42

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