SHE:000429 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Jan '24 Jan 1, 2024	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	-	4,290	4,719	4,291	2,956
Cash & Short-Term Investments	5,459	4,290	4,719	4,291	2,956
Cash Growth	27.26%	-9.09%	9.98%	45.13%	3.83%
Accounts Receivable	-	82.36	139.9	108.37	164.34
Other Receivables	-	148.92	89.58	34.57	16.49
Receivables	-	231.28	229.48	142.94	180.83
Inventory	-	-	-	-	0.64
Prepaid Expenses	-	-	-	-	0.05
Other Current Assets	-	9.84	8.52	9.72	5.25
Total Current Assets	-	4,531	4,957	4,443	3,143
Property, Plant & Equipment	-	11,552	10,995	10,856	11,005
Long-Term Investments	-	5,288	4,814	4,582	4,204
Other Intangible Assets	-	197.69	221.33	246.77	268.5
Long-Term Deferred Tax Assets	-	32.68	39.84	129.04	225.24
Long-Term Deferred Charges	-	-	-	-	2.1
Other Long-Term Assets	-	840.27	342.12	11.04	27.93
Total Assets	-	22,442	21,369	20,268	18,876
Accounts Payable	-	226.1	214.45	197.79	264.49
Accrued Expenses	-	35.76	35.89	31.53	77.82
Short-Term Debt	-	-	110.09	430.99	-
Current Portion of Long-Term Debt	-	1,006	872.44	114.49	471.55
Current Portion of Leases	-	10.75	10.48	2.52	12.47
Current Income Taxes Payable	-	115.3	136.93	58.89	143.48
Current Unearned Revenue	-	-	-	-	0.02
Other Current Liabilities	-	275.55	156.73	696.56	193.5
Total Current Liabilities	-	1,670	1,537	1,533	1,163
Long-Term Debt	-	6,728	6,694	6,995	6,000
Long-Term Leases	-	2.73	13.48	0.15	2.77
Long-Term Unearned Revenue	-	511.97	429.08	61.08	69.23
Long-Term Deferred Tax Liabilities	-	330.83	284.45	307.83	315.92
Other Long-Term Liabilities	-	2.02	2.02	2.52	3.46
Total Liabilities	-	9,246	8,960	8,899	7,555
Common Stock	-	2,091	2,091	2,091	2,091
Additional Paid-In Capital	-	548.8	548.8	508.71	508.71
Retained Earnings	-	7,228	6,810	6,071	5,986
Comprehensive Income & Other	-	600.01	397.89	405.06	396.93
Total Common Equity	10,846	10,468	9,848	9,076	8,982
Minority Interest	-	2,728	2,561	2,293	2,339
Shareholders' Equity	14,032	13,196	12,409	11,369	11,321
Total Liabilities & Equity	-	22,442	21,369	20,268	18,876
Total Debt	8,185	7,748	7,701	7,543	6,487
Net Cash (Debt)	-2,726	-3,458	-2,982	-3,253	-3,530
Net Cash Per Share	-1.30	-1.66	-1.42	-1.55	-1.68
Filing Date Shares Outstanding	2,091	2,091	2,091	2,091	2,091
Total Common Shares Outstanding	2,091	2,091	2,091	2,091	2,091
Working Capital	-	2,861	3,420	2,910	1,980
Book Value Per Share	5.19	5.01	4.71	4.34	4.30
Tangible Book Value	10,666	10,270	9,626	8,829	8,714
Tangible Book Value Per Share	5.10	4.91	4.60	4.22	4.17
Buildings	-	766.04	646.01	664.48	666.95
Machinery	-	2,009	1,929	2,049	1,977
Construction In Progress	-	2,665	1,960	753.57	351.13

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