SHE:302132 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	23,670	21,791	27,031	461.27	330.51	433.5
Short-Term Investments	-	5.06	-	-	-	-
Trading Asset Securities	-	-	0.65	0.6	-	-
Cash & Short-Term Investments	23,670	21,796	27,032	461.87	330.51	433.5
Cash Growth	-17.18%	-19.37%	5752.73%	39.75%	-23.76%	-39.77%
Accounts Receivable	31,459	35,279	23,459	1,120	1,179	993.51
Other Receivables	2,845	4,063	4,613	14.26	11.81	10.34
Receivables	34,304	39,342	28,073	1,134	1,191	1,004
Inventory	27,501	24,359	24,062	664.68	661.13	691.76
Prepaid Expenses	-	-	-	7.13	4.91	3.53
Other Current Assets	5,094	2,985	5,158	68.45	43.95	28.37
Total Current Assets	90,568	88,482	84,325	2,336	2,231	2,161
Property, Plant & Equipment	13,756	13,912	14,112	1,071	935.36	656.1
Long-Term Investments	3,266	3,261	3,347	259.72	205.58	180.51
Goodwill	30.24	30.24	30.24	30.24	30.24	30.24
Other Intangible Assets	3,107	3,124	3,184	185.18	185.72	188.09
Long-Term Accounts Receivable	3.78	3,440	726.13	-	0.08	-
Long-Term Deferred Tax Assets	539.21	536.71	579.12	25.41	16.88	9.18
Long-Term Deferred Charges	945.41	944.32	1,151	5.4	2.08	2.68
Other Long-Term Assets	4,141	816.07	450.61	62.03	47.45	71.38
Total Assets	116,357	114,548	107,906	3,975	3,655	3,299
Accounts Payable	66,645	67,367	54,950	747.58	747.23	652.35
Accrued Expenses	393.29	1,654	2,184	101.54	91.09	67.07
Short-Term Debt	3,887	3,633	3,140	94.21	100.08	-
Current Portion of Long-Term Debt	1,112	618.12	520.09	14.14	-	40
Current Portion of Leases	-	189.33	175.92	1.28	4.73	5.43
Current Income Taxes Payable	105.71	182.61	11.92	-	10.09	14.61
Current Unearned Revenue	6,049	2,803	6,455	65.54	104.57	160.48
Other Current Liabilities	7,539	7,224	8,580	113.92	129.41	127
Total Current Liabilities	85,731	83,671	76,017	1,138	1,187	1,067
Long-Term Debt	758.66	718.09	1,141	368.97	87.38	10
Long-Term Leases	1,835	1,958	2,000	2.68	3.96	8.69
Long-Term Unearned Revenue	529.17	520.2	498.54	42.57	26.29	26.53
Pension & Post-Retirement Benefits	-	1,476	1,616	-	-	-
Long-Term Deferred Tax Liabilities	539.27	537.94	532.53	7.29	5.61	0.28
Other Long-Term Liabilities	3,233	2,139	4,431	-10.66	3.26	-13.65
Total Liabilities	92,625	91,020	86,235	1,549	1,314	1,099
Common Stock	2,672	2,672	590.76	590.76	590.76	590.76
Additional Paid-In Capital	11,468	11,469	13,616	95.46	95.56	95.88
Retained Earnings	7,127	6,934	5,204	1,733	1,653	1,489
Treasury Stock	-	-	-60.81	-60.81	-60.81	-60.81
Comprehensive Income & Other	155.81	132.85	80.31	27.05	21.09	12.14
Total Common Equity	21,422	21,209	19,431	2,386	2,299	2,127
Minority Interest	2,309	2,319	2,240	40.13	41.6	73.26
Shareholders' Equity	23,731	23,527	21,671	2,426	2,341	2,200
Total Liabilities & Equity	116,357	114,548	107,906	3,975	3,655	3,299
Total Debt	7,592	7,117	6,977	481.28	196.15	64.12
Net Cash (Debt)	16,078	14,679	20,055	-19.42	134.36	369.38
Net Cash Growth	-26.13%	-26.80%	-	-	-63.63%	-48.68%
Net Cash Per Share	6.02	5.49	7.51	-0.03	13.10	0.63
Filing Date Shares Outstanding	2,672	2,672	586.07	586.07	586.07	586.07
Total Common Shares Outstanding	2,672	2,672	586.07	586.07	586.07	586.07
Working Capital	4,837	4,811	8,308	1,198	1,044	1,094
Book Value Per Share	8.02	7.94	33.15	4.07	3.92	3.63
Tangible Book Value	18,285	18,054	16,216	2,170	2,083	1,909
Tangible Book Value Per Share	6.84	6.76	27.67	3.70	3.55	3.26
Buildings	-	8,309	8,070	893.31	453.51	464.55
Machinery	-	15,170	14,590	457.24	413.16	389.57
Construction In Progress	-	758.21	498.94	155.96	463.85	161.97

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