SHE:300212 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	346.63	434.21	720	799.66	383.61	306.61
Trading Asset Securities	164.64	164.64	168.21	168.21	168.21	-
Cash & Short-Term Investments	511.27	598.85	888.21	967.87	551.82	306.61
Cash Growth	-25.54%	-32.58%	-8.23%	75.40%	79.97%	-72.50%
Accounts Receivable	1,990	2,057	3,933	5,993	7,301	7,838
Other Receivables	87.28	83.7	232.12	249.47	353.3	228.87
Receivables	2,077	2,141	4,165	6,242	7,654	8,067
Inventory	349.69	349.64	375.09	385.53	385.48	428.41
Prepaid Expenses	-	1.07	0.96	6.06	22.07	14.97
Other Current Assets	95.96	86.74	130.86	84.03	96.51	60.66
Total Current Assets	3,034	3,177	5,560	7,686	8,710	8,877
Property, Plant & Equipment	1,344	1,362	1,449	1,515	1,411	1,225
Long-Term Investments	437.5	446.23	1,202	2,548	2,694	2,766
Goodwill	289.88	289.88	289.88	289.88	291.78	291.78
Other Intangible Assets	2,635	2,193	2,198	948.59	987.98	921.33
Long-Term Deferred Tax Assets	6.15	6.03	185.54	196.15	189.33	187.58
Long-Term Deferred Charges	15.2	456.47	470.03	10.45	15.35	15.43
Other Long-Term Assets	117.23	121.09	112.19	117.81	143.46	105.75
Total Assets	7,879	8,052	11,466	13,311	14,443	14,391
Accounts Payable	1,658	1,707	1,949	2,399	2,819	3,096
Accrued Expenses	45.46	48.29	53.49	85.5	17.39	15.52
Short-Term Debt	4,204	4,213	4,297	3,615	3,297	3,059
Current Portion of Long-Term Debt	452.01	223.05	120.66	82.34	624.48	1,031
Current Portion of Leases	-	259.69	308.61	330.55	313.56	287.55
Current Income Taxes Payable	18.38	1.45	0.93	0.99	2.06	7.01
Current Unearned Revenue	89.09	126.68	251.41	140.18	155.8	98.12
Other Current Liabilities	290.95	300.59	337.43	376.55	341.14	122.52
Total Current Liabilities	6,757	6,880	7,319	7,031	7,570	7,717
Long-Term Debt	1,666	1,665	1,874	1,218	1,438	1,254
Long-Term Leases	318.53	323.22	386.63	351.16	346.15	115.44
Long-Term Unearned Revenue	206.06	206.06	539.42	587.92	567.06	673.05
Long-Term Deferred Tax Liabilities	7.01	7.16	3.21	3.92	5.35	1.49
Other Long-Term Liabilities	31.32	29.18	7.58	10.47	96.44	88.48
Total Liabilities	8,986	9,111	10,130	9,203	10,023	9,849
Common Stock	719.89	719.89	719.89	723.27	665.81	665.81
Additional Paid-In Capital	3,490	3,490	3,454	3,476	1,965	1,968
Retained Earnings	-6,218	-6,170	-3,453	-588	1,302	1,290
Treasury Stock	-	-	-	-25.64	-25.64	-25.64
Comprehensive Income & Other	7.01	7.01	7.76	8.96	8.84	8.38
Total Common Equity	-2,001	-1,953	728.81	3,595	3,916	3,907
Minority Interest	893.67	893.4	607.58	513.63	504.44	634.67
Shareholders' Equity	-1,107	-1,059	1,336	4,109	4,420	4,542
Total Liabilities & Equity	7,879	8,052	11,466	13,311	14,443	14,391
Total Debt	6,640	6,685	6,987	5,598	6,019	5,747
Net Cash (Debt)	-6,129	-6,086	-6,099	-4,630	-5,467	-5,440
Net Cash Per Share	-8.51	-8.45	-8.45	-6.94	-8.24	-8.25
Filing Date Shares Outstanding	719.89	719.89	719.89	719.89	662.43	665.81
Total Common Shares Outstanding	719.89	719.89	719.89	719.89	662.43	665.81
Working Capital	-3,723	-3,703	-1,759	654.85	1,140	1,161
Book Value Per Share	-2.78	-2.71	1.01	4.99	5.91	5.87
Tangible Book Value	-4,926	-4,436	-1,759	2,356	2,636	2,694
Tangible Book Value Per Share	-6.84	-6.16	-2.44	3.27	3.98	4.05
Buildings	-	1,373	1,436	1,302	626.43	362.81
Machinery	-	674.57	506.94	392.75	376.97	342.32
Construction In Progress	-	36.67	32.41	233.98	759.2	822.26

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