SHE:300115 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	2,100	1,761	2,059	2,257	1,735	1,262
Trading Asset Securities	234.54	281.54	351.43	42.08	20.08	335.17
Cash & Short-Term Investments	2,334	2,043	2,410	2,299	1,755	1,597
Cash Growth	-25.69%	-15.25%	4.82%	31.01%	9.92%	-41.55%
Accounts Receivable	5,080	4,775	3,651	3,347	3,310	2,822
Other Receivables	156.18	213.59	63.98	109.72	165.64	201.14
Receivables	5,236	4,988	3,715	3,457	3,476	3,023
Inventory	4,851	4,683	3,699	3,512	3,563	4,255
Other Current Assets	521.2	424.23	642.74	296.24	233.16	311.42
Total Current Assets	12,942	12,138	10,467	9,564	9,028	9,186
Property, Plant & Equipment	10,726	10,101	7,996	7,291	6,603	6,115
Long-Term Investments	224.82	225.53	207.92	50.33	52.16	52.8
Goodwill	224.25	224.25	147.22	147.22	147.22	149.27
Other Intangible Assets	719.39	726.39	633.33	563.71	310.44	197.91
Long-Term Accounts Receivable	8.78	10.52	1.85	4.95	-	-
Long-Term Deferred Tax Assets	290.67	270.71	247.67	312.09	229	135.16
Long-Term Deferred Charges	260	247.59	208.37	271.83	389.85	611.46
Other Long-Term Assets	381.4	325.39	258.3	367.75	824.47	530.94
Total Assets	25,777	24,269	20,168	18,573	17,584	16,979
Accounts Payable	5,550	5,558	4,797	3,823	3,128	3,821
Accrued Expenses	524.13	598.11	509.03	439.98	481.04	509.34
Short-Term Debt	7,056	5,916	3,160	3,329	4,450	4,132
Current Portion of Long-Term Debt	1,059	608.71	1,264	1,536	490.07	657.68
Current Portion of Leases	-	152.46	171.96	189.24	184.27	194.58
Current Income Taxes Payable	81.18	57.39	28.1	17.91	14.59	13.44
Current Unearned Revenue	78.54	62.16	61.52	79.77	95.81	81.55
Other Current Liabilities	50.36	66.24	53.41	82.94	127.22	113.67
Total Current Liabilities	14,400	13,019	10,046	9,499	8,971	9,523
Long-Term Debt	1,618	1,700	1,171	2,180	1,911	776.46
Long-Term Leases	366.35	307.64	284.12	466.8	627.59	727.6
Long-Term Unearned Revenue	417.21	417.27	306.09	264.58	148.56	88.6
Long-Term Deferred Tax Liabilities	34.79	35.13	36.89	31.15	12.85	5.43
Total Liabilities	16,837	15,479	11,843	12,441	11,671	11,122
Common Stock	1,361	1,361	1,356	1,204	1,201	1,201
Additional Paid-In Capital	3,993	3,964	3,879	2,616	2,569	2,575
Retained Earnings	3,322	3,197	2,777	2,006	1,920	1,904
Treasury Stock	-100	-100	-	-	-	-
Comprehensive Income & Other	-80.97	-76.98	-41.6	-22.44	-12.85	-0.22
Total Common Equity	8,496	8,346	7,971	5,803	5,677	5,679
Minority Interest	444.53	444.06	354.29	328.08	235.43	178.02
Shareholders' Equity	8,941	8,790	8,325	6,131	5,912	5,857
Total Liabilities & Equity	25,777	24,269	20,168	18,573	17,584	16,979
Total Debt	10,100	8,685	6,052	7,702	7,663	6,489
Net Cash (Debt)	-7,766	-6,642	-3,641	-5,402	-5,908	-4,892
Net Cash Per Share	-5.67	-4.89	-2.83	-4.41	-5.58	-4.05
Filing Date Shares Outstanding	1,358	1,358	1,356	1,204	1,201	1,201
Total Common Shares Outstanding	1,358	1,358	1,356	1,204	1,201	1,201
Working Capital	-1,458	-881.13	421.64	65.82	56.09	-336.98
Book Value Per Share	6.25	6.14	5.88	4.82	4.73	4.73
Tangible Book Value	7,553	7,395	7,190	5,092	5,219	5,332
Tangible Book Value Per Share	5.56	5.44	5.30	4.23	4.35	4.44
Buildings	-	3,231	2,145	1,529	1,034	765.19
Machinery	-	11,129	10,159	9,443	8,558	7,374
Construction In Progress	-	1,749	1,224	1,103	865.01	909.37

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