SHE:000429 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	Jan '25 Jan 1, 2025	Jan '24 Jan 1, 2024	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	7,044	6,545	4,290	4,719	4,291	2,956
Cash & Short-Term Investments	7,044	6,545	4,290	4,719	4,291	2,956
Cash Growth	42.22%	52.58%	-9.09%	9.98%	45.13%	3.83%
Accounts Receivable	126.81	96.7	82.36	139.9	108.37	164.34
Other Receivables	662.43	607.51	148.92	89.58	34.57	16.49
Receivables	789.23	704.21	231.28	229.48	142.94	180.83
Inventory	-	-	-	-	-	0.64
Prepaid Expenses	-	0.04	0.04	-	-	0.05
Other Current Assets	15.04	17.09	9.8	8.52	9.72	5.25
Total Current Assets	7,848	7,267	4,531	4,957	4,443	3,143
Property, Plant & Equipment	13,242	13,032	11,552	10,995	10,856	11,005
Long-Term Investments	5,368	5,449	5,288	4,814	4,582	4,204
Other Intangible Assets	172.62	178.71	197.69	221.33	246.77	268.5
Long-Term Deferred Tax Assets	31.69	31.14	32.68	39.84	129.04	225.24
Long-Term Deferred Charges	-	-	-	-	-	2.1
Other Long-Term Assets	1,603	834.02	840.27	342.12	11.04	27.93
Total Assets	28,265	26,791	22,442	21,369	20,268	18,876
Accounts Payable	155.68	219.72	226.1	214.45	197.79	264.49
Accrued Expenses	20.98	38.82	35.76	35.89	31.53	77.82
Short-Term Debt	259.16	304.62	-	110.09	430.99	-
Current Portion of Long-Term Debt	260.6	291.12	1,006	872.44	114.49	471.55
Current Portion of Leases	-	2.73	10.75	10.48	2.52	12.47
Current Income Taxes Payable	240.17	154.51	115.3	136.93	58.89	143.48
Current Unearned Revenue	-	-	-	-	-	0.02
Other Current Liabilities	666.85	250.7	275.55	156.73	696.56	193.5
Total Current Liabilities	1,603	1,262	1,670	1,537	1,533	1,163
Long-Term Debt	10,655	10,036	6,728	6,694	6,995	6,000
Long-Term Leases	0.08	-	2.73	13.48	0.15	2.77
Long-Term Unearned Revenue	1,043	994.83	511.97	429.08	61.08	69.23
Long-Term Deferred Tax Liabilities	274.54	291.77	330.83	284.45	307.83	315.92
Other Long-Term Liabilities	2.02	2.02	2.02	2.02	2.52	3.46
Total Liabilities	13,578	12,587	9,246	8,960	8,899	7,555
Common Stock	2,091	2,091	2,091	2,091	2,091	2,091
Additional Paid-In Capital	782.91	548.8	548.8	548.8	508.71	508.71
Retained Earnings	8,440	7,989	7,228	6,810	6,071	5,986
Comprehensive Income & Other	209.29	487.98	600.01	397.89	405.06	396.93
Total Common Equity	11,523	11,116	10,468	9,848	9,076	8,982
Minority Interest	3,164	3,088	2,728	2,561	2,293	2,339
Shareholders' Equity	14,687	14,204	13,196	12,409	11,369	11,321
Total Liabilities & Equity	28,265	26,791	22,442	21,369	20,268	18,876
Total Debt	11,175	10,635	7,748	7,701	7,543	6,487
Net Cash (Debt)	-4,131	-4,089	-3,458	-2,982	-3,253	-3,530
Net Cash Per Share	-1.99	-1.95	-1.66	-1.42	-1.55	-1.68
Filing Date Shares Outstanding	2,091	2,091	2,091	2,091	2,091	2,091
Total Common Shares Outstanding	2,091	2,091	2,091	2,091	2,091	2,091
Working Capital	6,245	6,005	2,861	3,420	2,910	1,980
Book Value Per Share	5.51	5.32	5.01	4.71	4.34	4.30
Tangible Book Value	11,351	10,937	10,270	9,626	8,829	8,714
Tangible Book Value Per Share	5.43	5.23	4.91	4.60	4.22	4.17
Buildings	-	767.6	766.04	646.01	664.48	666.95
Machinery	-	2,049	2,009	1,929	2,049	1,977
Construction In Progress	-	4,760	2,665	1,960	753.57	351.13

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