SHE:301526 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	2,060	1,370	2,286	4,229	2,924	2,277
Trading Asset Securities	-	-	22.43	294.15	327.35	258.74
Cash & Short-Term Investments	2,060	1,370	2,309	4,524	3,251	2,536
Cash Growth	3.91%	-40.65%	-48.97%	39.14%	28.20%	36.29%
Accounts Receivable	3,619	3,284	3,071	2,895	2,670	2,478
Other Receivables	36.1	33.25	31.5	66.65	13.69	87.68
Receivables	3,656	3,318	3,103	2,961	2,684	2,566
Inventory	2,076	1,894	1,924	2,006	1,797	1,056
Other Current Assets	573.8	402.45	287.83	378.87	207.5	233.11
Total Current Assets	8,365	6,985	7,623	9,869	7,939	6,391
Property, Plant & Equipment	14,707	14,647	12,768	12,220	10,927	9,526
Long-Term Investments	234.32	234.87	229.87	293.29	325.02	370.05
Goodwill	49.73	49.73	49.73	49.73	49.73	49.73
Other Intangible Assets	387.94	388.41	399.61	228.65	236.48	234.02
Long-Term Deferred Tax Assets	105.01	103.8	118.86	97.75	66.16	72.28
Long-Term Deferred Charges	69.46	70.99	75.75	79.14	82	75.26
Other Long-Term Assets	263.64	348.79	86.42	192.47	272.64	171.92
Total Assets	24,183	22,829	21,352	23,030	19,899	16,890
Accounts Payable	1,935	2,035	1,499	1,440	1,893	2,068
Accrued Expenses	133.19	169.41	159.89	198.89	318.73	301.02
Short-Term Debt	3,603	4,455	5,049	4,568	4,718	4,060
Current Portion of Long-Term Debt	2,470	2,248	1,757	2,122	1,608	770.55
Current Portion of Leases	-	47.2	36.87	39.5	41.26	98.53
Current Income Taxes Payable	64.88	16.11	11.74	30.46	48.08	72.86
Current Unearned Revenue	81.34	49.87	28.82	22.54	45.56	55.67
Other Current Liabilities	37.79	79.33	81.04	87.59	59.16	714.22
Total Current Liabilities	8,325	9,100	8,623	8,509	8,732	8,140
Long-Term Debt	5,834	3,983	3,229	4,588	3,419	1,909
Long-Term Leases	171.11	161.25	175.02	128.9	155.42	153.63
Long-Term Unearned Revenue	299.01	312.38	342.08	191.6	170.98	91.68
Long-Term Deferred Tax Liabilities	31.62	30.04	38.27	48.81	50.28	37.03
Other Long-Term Liabilities	7.28	7.28	7.28	3.32	6.84	390.59
Total Liabilities	14,668	13,594	12,415	13,470	12,534	10,722
Common Stock	3,771	3,771	3,771	3,771	3,071	3,071
Additional Paid-In Capital	2,052	2,052	2,052	2,053	1,056	1,056
Retained Earnings	2,981	2,711	2,438	2,905	2,496	1,450
Comprehensive Income & Other	-268.05	-284.48	-306.38	-181.55	-231.88	-268.71
Total Common Equity	8,536	8,249	7,955	8,548	6,391	5,308
Minority Interest	978.41	985.65	982.18	1,012	973.21	859.33
Shareholders' Equity	9,514	9,235	8,937	9,560	7,365	6,168
Total Liabilities & Equity	24,183	22,829	21,352	23,030	19,899	16,890
Total Debt	12,078	10,895	10,246	11,447	9,941	6,991
Net Cash (Debt)	-10,018	-9,524	-7,938	-6,923	-6,690	-4,455
Net Cash Per Share	-2.66	-2.53	-2.02	-2.28	-2.16	-1.46
Filing Date Shares Outstanding	3,771	3,771	3,771	3,771	3,071	3,049
Total Common Shares Outstanding	3,771	3,771	3,771	3,771	3,071	3,049
Working Capital	39.77	-2,115	-999.88	1,360	-792.36	-1,750
Book Value Per Share	2.26	2.19	2.11	2.27	2.08	1.74
Tangible Book Value	8,098	7,811	7,506	8,270	6,105	5,025
Tangible Book Value Per Share	2.15	2.07	1.99	2.19	1.99	1.65
Land	-	6.55	6.66	6.64	6.5	-
Buildings	-	2,924	2,882	2,587	2,486	-
Machinery	-	8,494	8,391	7,664	7,677	-
Construction In Progress	-	1,605	343.57	1,044	411.12	-

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