SHE:300422 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	Dec '21 Dec 31, 2021
Cash & Equivalents	418.01	407.42	216.65	390.36	854.71	1,395
Cash & Short-Term Investments	418.01	407.42	216.65	390.36	854.71	1,395
Cash Growth	13.73%	88.06%	-44.50%	-54.33%	-38.73%	-16.37%
Accounts Receivable	2,230	2,249	2,411	3,008	3,069	2,818
Other Receivables	75.87	87.49	139.59	356.25	224.32	208.56
Receivables	2,305	2,336	2,550	3,364	3,293	3,027
Inventory	271.77	452.04	430.48	478.53	265.09	271.76
Other Current Assets	377.34	342.4	325.06	192.23	228.61	255.91
Total Current Assets	3,373	3,538	3,522	4,425	4,642	4,949
Property, Plant & Equipment	1,109	1,132	1,228	1,436	1,530	1,458
Long-Term Investments	359.5	359.14	353.89	366.13	316.71	314.48
Goodwill	30.01	30.89	30.5	32.42	31.01	36.72
Other Intangible Assets	2,716	2,748	2,991	3,130	4,166	4,175
Long-Term Accounts Receivable	-	-	193.04	234.58	257.34	300.17
Long-Term Deferred Tax Assets	191.3	198.34	187	293.64	275.9	240.73
Long-Term Deferred Charges	9.63	10.34	13.84	13	15.05	9.26
Other Long-Term Assets	952.31	995.9	893.67	1,013	762.46	780.52
Total Assets	8,740	9,012	9,414	10,944	11,997	12,264
Accounts Payable	2,256	2,492	2,293	2,628	2,891	2,848
Accrued Expenses	49.97	64.08	157.2	101.77	87.67	87.55
Short-Term Debt	2,193	1,971	2,294	2,070	2,230	2,482
Current Portion of Long-Term Debt	217.53	258.56	257.38	1,020	546.63	316.54
Current Portion of Leases	-	-	101.55	81.4	23.6	41.28
Current Income Taxes Payable	14.68	22.36	4.67	6.74	6.71	7.22
Current Unearned Revenue	393.92	445.54	695.95	639.2	417.72	260.36
Other Current Liabilities	368.13	566.97	141.6	126.61	218.56	162.5
Total Current Liabilities	5,493	5,820	5,946	6,673	6,422	6,206
Long-Term Debt	1,319	1,307	1,457	1,510	2,464	2,569
Long-Term Leases	2.46	2.43	41.18	73.97	38.83	14.3
Long-Term Unearned Revenue	101.48	98.4	165.52	186.25	233.62	200.38
Long-Term Deferred Tax Liabilities	5.07	5.06	4.99	7.78	11.4	12.28
Other Long-Term Liabilities	1,028	1,036	329.05	261.27	281.54	270.32
Total Liabilities	7,949	8,269	7,943	8,713	9,452	9,272
Common Stock	533.88	533.88	533.88	504.87	504.87	504.87
Additional Paid-In Capital	1,865	1,865	1,859	1,622	1,631	1,631
Retained Earnings	-1,724	-1,770	-1,070	-204.71	11.18	463.09
Comprehensive Income & Other	-11.99	-10.04	-10.22	130.76	128.67	126.71
Total Common Equity	663.01	618.7	1,313	2,053	2,276	2,726
Minority Interest	128.41	124.85	157.56	178.32	269.5	266.28
Shareholders' Equity	791.42	743.56	1,471	2,232	2,545	2,992
Total Liabilities & Equity	8,740	9,012	9,414	10,944	11,997	12,264
Total Debt	3,732	3,538	4,151	4,755	5,304	5,423
Net Cash (Debt)	-3,314	-3,131	-3,935	-4,364	-4,449	-4,028
Net Cash Per Share	-6.22	-5.85	-7.60	-8.69	-8.85	-9.16
Filing Date Shares Outstanding	514.06	547.9	533.88	504.87	504.87	504.87
Total Common Shares Outstanding	514.06	547.9	533.88	504.87	504.87	504.87
Working Capital	-2,121	-2,282	-2,423	-2,249	-1,780	-1,256
Book Value Per Share	1.29	1.13	2.46	4.07	4.51	5.40
Tangible Book Value	-2,083	-2,160	-1,709	-1,109	-1,922	-1,486
Tangible Book Value Per Share	-4.05	-3.94	-3.20	-2.20	-3.81	-2.94
Buildings	-	-	871.39	913.69	882.87	658.6
Machinery	-	-	453.73	477.36	487.63	388.04
Construction In Progress	-	-	128.89	176.32	208	316.74
Order Backlog	-	-	329.01	-	-	-

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