SHE:003012 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Cash & Equivalents	1,693	2,958	3,215	3,580	2,989	3,389
Trading Asset Securities	1,115	152.17	91.63	-	-	0.1
Cash & Short-Term Investments	2,808	3,111	3,306	3,580	2,989	3,389
Cash Growth	-2.39%	-5.92%	-7.64%	19.78%	-11.81%	-20.05%
Accounts Receivable	755.33	832.9	913.74	1,130	1,260	1,495
Other Receivables	221.17	220.38	227.38	241.65	213.43	392.29
Receivables	976.5	1,053	1,141	1,371	1,474	1,888
Inventory	1,596	1,628	1,685	1,675	1,796	1,624
Other Current Assets	120.69	116.78	135.54	124.32	182.78	249.31
Total Current Assets	5,502	5,908	6,268	6,751	6,441	7,150
Property, Plant & Equipment	3,414	3,519	3,917	3,976	4,423	4,554
Long-Term Investments	476.83	479.36	207.58	225.04	228.16	22.95
Goodwill	3.85	3.85	3.85	3.85	3.85	3.85
Other Intangible Assets	838.77	847.22	865.45	889.41	909.16	849.71
Long-Term Deferred Tax Assets	584.3	568.46	535.15	504.51	507.91	400.74
Long-Term Deferred Charges	18.82	22.75	19.39	19.17	37.53	33.5
Other Long-Term Assets	175.6	184.26	189.89	190.58	208.83	32.02
Total Assets	11,014	11,534	12,006	12,559	12,760	13,046
Accounts Payable	2,009	2,233	2,698	3,019	2,535	3,279
Accrued Expenses	72.9	266.69	285.62	397.32	357.69	378.66
Short-Term Debt	205	336	400	380	1,122	250
Current Portion of Long-Term Debt	-	12.88	-	-	-	-
Current Portion of Leases	31.01	19.61	23.31	34.58	30.59	34.05
Current Income Taxes Payable	40.67	20.53	21.03	37.37	33.69	37.53
Current Unearned Revenue	238.66	263.88	234.35	277.12	239.81	302.56
Other Current Liabilities	457.53	362.37	359.99	362.02	930.6	1,117
Total Current Liabilities	3,054	3,515	4,022	4,507	5,249	5,400
Long-Term Debt	165.24	165.24	95	-	-	-
Long-Term Leases	55.86	61.39	50.13	73.46	104.44	119.45
Long-Term Unearned Revenue	164.86	168.03	181.41	178.6	203.99	192.57
Long-Term Deferred Tax Liabilities	4.13	4.38	4.31	5.11	5.38	5.64
Other Long-Term Liabilities	5.25	5.24	4.67	3.69	2.07	1.53
Total Liabilities	3,450	3,919	4,357	4,768	5,565	5,719
Common Stock	1,157	1,157	1,157	1,173	1,173	1,191
Additional Paid-In Capital	2,217	2,217	2,217	2,353	2,360	2,449
Retained Earnings	4,411	4,461	4,390	4,408	3,804	3,834
Treasury Stock	-221.79	-221.79	-115.03	-150.1	-150.1	-160.53
Total Common Equity	7,563	7,613	7,649	7,784	7,186	7,313
Minority Interest	0.89	1.28	-0.01	6.58	8.86	14.01
Shareholders' Equity	7,564	7,614	7,649	7,791	7,195	7,327
Total Liabilities & Equity	11,014	11,534	12,006	12,559	12,760	13,046
Total Debt	457.11	595.12	568.44	488.05	1,257	403.51
Net Cash (Debt)	2,351	2,515	2,738	3,092	1,732	2,986
Net Cash Growth	-6.83%	-8.13%	-11.45%	78.53%	-41.99%	-24.02%
Net Cash Per Share	2.07	2.22	2.33	2.62	1.46	2.53
Filing Date Shares Outstanding	1,121	1,121	1,131	1,157	1,157	1,181
Total Common Shares Outstanding	1,121	1,121	1,139	1,157	1,157	1,181
Working Capital	2,447	2,393	2,247	2,243	1,192	1,750
Book Value Per Share	6.74	6.79	6.72	6.73	6.21	6.19
Tangible Book Value	6,721	6,762	6,780	6,891	6,273	6,460
Tangible Book Value Per Share	5.99	6.03	5.95	5.96	5.42	5.47
Buildings	-	2,958	2,843	2,692	2,714	2,517
Machinery	-	4,257	3,981	4,054	4,008	3,665
Construction In Progress	-	15.25	299.66	85.53	62.87	280.21

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