SHE:300072 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	555.31	320.82	758.8	585.79	485.4	526.31
Cash & Short-Term Investments	555.31	320.82	758.8	585.79	485.4	526.31
Cash Growth	-10.06%	-57.72%	29.53%	20.68%	-7.77%	-75.00%
Accounts Receivable	406.75	783.83	671.71	914.54	1,838	1,621
Other Receivables	140.58	139.22	1,383	1,642	497.84	534.42
Receivables	547.34	923.05	2,055	2,557	2,336	2,155
Inventory	1,240	1,330	1,303	1,710	2,580	1,753
Prepaid Expenses	-	-	552.01	753.66	-	-
Other Current Assets	624.03	617.62	10.22	6.45	1,325	1,431
Total Current Assets	2,966	3,192	4,679	5,612	6,726	5,866
Property, Plant & Equipment	2,018	2,085	2,337	2,457	3,595	3,914
Long-Term Investments	1,659	1,764	1,779	1,761	3,643	3,750
Goodwill	36.96	36.96	45.69	45.69	64.66	64.66
Other Intangible Assets	474.72	490.2	553.16	607.39	597.8	580.27
Long-Term Accounts Receivable	-	-	32.95	30.79	48.03	-
Long-Term Deferred Tax Assets	219.55	218.51	192.15	235.89	297.92	259.39
Long-Term Deferred Charges	65.49	67.22	67.97	51.89	205.2	212
Other Long-Term Assets	36.86	35.89	27.3	81.67	99.52	121.38
Total Assets	7,478	7,889	9,714	10,884	15,277	14,767
Accounts Payable	742.84	792.76	845.34	931.56	1,727	1,811
Accrued Expenses	5.02	5.91	16.88	91.94	20.41	32.73
Short-Term Debt	495.19	370.08	235.94	94.7	681.61	368.18
Current Portion of Long-Term Debt	166.38	231.42	123.06	585.44	572.39	363.08
Current Portion of Leases	-	-	322.05	308.45	636.33	125.32
Current Income Taxes Payable	36.85	41.19	24.81	0.02	0.67	2.16
Current Unearned Revenue	89.11	104.8	1,402	664.17	2,474	1,630
Other Current Liabilities	651.71	875.62	413.8	429.99	673.05	748.34
Total Current Liabilities	2,187	2,422	3,384	3,106	6,785	5,080
Long-Term Debt	-	-	36.53	159.19	462.85	602.84
Long-Term Leases	40.31	49.25	224.34	524.33	366.45	110.72
Long-Term Unearned Revenue	49.7	45.04	45.98	50.3	65.09	69.43
Long-Term Deferred Tax Liabilities	24.94	25.81	29.08	30.31	33.93	38
Other Long-Term Liabilities	29.47	40.56	67.78	27.99	8.39	1.91
Total Liabilities	2,332	2,582	3,788	3,898	7,722	5,903
Common Stock	2,350	2,350	2,350	2,350	2,350	2,350
Additional Paid-In Capital	915.67	1,004	1,004	1,038	1,035	1,126
Retained Earnings	1,958	2,006	2,578	3,532	3,616	4,455
Comprehensive Income & Other	5.6	29.34	52.69	44.5	27.33	216.62
Total Common Equity	5,229	5,389	5,984	6,964	7,028	8,147
Minority Interest	-83.38	-83.17	-58.21	21.75	527.19	716.96
Shareholders' Equity	5,146	5,306	5,926	6,986	7,555	8,864
Total Liabilities & Equity	7,478	7,889	9,714	10,884	15,277	14,767
Total Debt	701.88	650.75	941.92	1,672	2,720	1,570
Net Cash (Debt)	-146.56	-329.94	-183.13	-1,086	-2,234	-1,044
Net Cash Per Share	-0.06	-0.14	-0.08	-0.46	-0.95	-0.44
Filing Date Shares Outstanding	2,353	2,361	2,350	2,350	2,350	2,350
Total Common Shares Outstanding	2,353	2,361	2,350	2,350	2,350	2,350
Working Capital	779.24	769.94	1,295	2,506	-59.02	785.66
Book Value Per Share	2.22	2.28	2.55	2.96	2.99	3.34
Tangible Book Value	4,718	4,862	5,386	6,311	6,365	7,502
Tangible Book Value Per Share	2.00	2.06	2.29	2.69	2.71	3.06
Buildings	-	-	1,254	1,254	2,179	1,860
Machinery	-	-	3,289	3,152	3,664	3,882
Construction In Progress	-	-	62.38	31.39	72.93	82.66

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