SHE:300203 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	1,344	1,170	1,411	1,256	1,459	1,421
Cash & Short-Term Investments	1,344	1,170	1,411	1,256	1,459	1,421
Cash Growth	1.96%	-17.07%	12.35%	-13.94%	2.66%	-3.90%
Accounts Receivable	865.23	960.76	1,107	1,233	1,398	1,661
Other Receivables	53.47	60.15	198.99	253.14	298.9	221.14
Receivables	918.7	1,021	1,306	1,486	1,697	1,882
Inventory	1,245	1,115	1,296	1,374	1,350	1,358
Other Current Assets	221.81	184.01	82.74	69.61	68.9	54.76
Total Current Assets	3,729	3,490	4,095	4,185	4,575	4,717
Property, Plant & Equipment	681.42	707.52	785.75	785.44	707.48	742.76
Long-Term Investments	1,007	1,011	1,023	1,037	1,044	1,089
Goodwill	182.3	182.3	200.77	226	293.78	368.65
Other Intangible Assets	39.74	40.72	41.32	50.21	59.41	76.31
Long-Term Accounts Receivable	-	-	2,261	2,330	2,426	2,341
Long-Term Deferred Tax Assets	214.2	214.29	213.61	237.49	236.1	172.12
Long-Term Deferred Charges	6.67	7.59	72.54	106.27	113.53	19.07
Other Long-Term Assets	2,812	2,837	717.5	757.76	832.27	773.98
Total Assets	8,673	8,491	9,411	9,715	10,287	10,300
Accounts Payable	841.23	904.44	1,028	1,184	1,279	1,309
Accrued Expenses	97.56	152.84	269.21	260.59	403.04	310.61
Short-Term Debt	414.77	327.01	801.1	918.04	1,018	967.19
Current Portion of Long-Term Debt	466.3	343.5	426.33	296.18	508.13	417.87
Current Portion of Leases	-	-	4.91	5.32	1.62	-
Current Income Taxes Payable	14.45	40.63	6.51	2.87	1.54	10
Current Unearned Revenue	939.61	826.13	837.8	905.37	674.18	693.01
Other Current Liabilities	190.15	194.26	140.86	164.13	172.71	186.89
Total Current Liabilities	2,964	2,789	3,514	3,736	4,059	3,894
Long-Term Debt	2,459	2,391	2,088	2,407	2,264	2,361
Long-Term Leases	2.59	2.57	2.09	6.98	10.42	5.22
Long-Term Unearned Revenue	141.47	116.23	140.31	144.17	151.44	101.12
Long-Term Deferred Tax Liabilities	-	-	-	-	-	1.23
Other Long-Term Liabilities	302.15	300.45	270.11	260.28	253.87	29.72
Total Liabilities	5,869	5,599	6,014	6,554	6,739	6,393
Common Stock	448.74	448.74	448.74	448.74	452.52	452.52
Additional Paid-In Capital	839.15	839.33	839.56	839.21	886.5	964.4
Retained Earnings	1,411	1,484	1,828	1,622	1,944	2,319
Treasury Stock	-107.01	-107.01	-	-	-52.57	-214.54
Comprehensive Income & Other	1.62	1.26	-1.01	-0.59	-2.03	-6.23
Total Common Equity	2,593	2,666	3,116	2,909	3,229	3,515
Minority Interest	210.63	225.73	280.4	251.95	319.92	391.7
Shareholders' Equity	2,804	2,892	3,396	3,161	3,549	3,907
Total Liabilities & Equity	8,673	8,491	9,411	9,715	10,287	10,300
Total Debt	3,343	3,064	3,322	3,634	3,802	3,751
Net Cash (Debt)	-1,999	-1,894	-1,911	-2,378	-2,343	-2,330
Net Cash Per Share	-4.36	-4.23	-4.25	-5.31	-5.25	-5.21
Filing Date Shares Outstanding	454.27	453.77	448.74	448.74	448.74	442.33
Total Common Shares Outstanding	454.27	453.77	448.74	448.74	448.74	442.33
Working Capital	765.16	701.41	580.62	449.12	516.38	822.34
Book Value Per Share	5.71	5.88	6.94	6.48	7.20	7.95
Tangible Book Value	2,371	2,443	2,874	2,633	2,876	3,070
Tangible Book Value Per Share	5.22	5.38	6.40	5.87	6.41	6.94
Buildings	-	-	497.63	248.35	246.97	499.05
Machinery	-	-	636.7	716.8	700.39	532.25
Construction In Progress	-	-	7.87	226.77	98.35	38.99

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