SHE:000531 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	1,358	793.09	1,090	2,563	799.16	2,885
Accounts Receivable	448.96	412.12	447.28	568.27	492.52	453.39
Other Receivables	35.12	94.38	46.53	12.86	25.38	42.83
Inventory	166.71	169.87	160.46	229.68	215.64	968.63
Prepaid Expenses	-	430.77	507.22	478.83	343.9	255.4
Other Current Assets	480.75	63.39	80.53	116.89	104.65	80.11
Total Current Assets	2,489	1,964	2,332	3,969	1,981	4,685
Property, Plant & Equipment	8,131	8,091	8,659	8,023	5,973	4,103
Goodwill	10.57	10.57	10.57	11.2	10.57	10.57
Other Intangible Assets	549.83	538.92	752.16	762.9	420.72	290.28
Long-Term Investments	6,566	6,578	6,124	5,928	5,661	5,762
Long-Term Deferred Tax Assets	619.1	629.51	767.82	801.77	775.2	559.24
Long-Term Deferred Charges	70.39	72.23	86.56	83.97	72.75	60.51
Other Long-Term Assets	34.03	34.58	225.33	128.06	286.98	512.02
Total Assets	18,471	17,918	18,958	19,708	15,181	15,983
Accounts Payable	963.69	875.14	1,119	1,203	578.81	596.71
Accrued Expenses	41.63	73.93	84.01	68.16	53.99	400.21
Short-Term Debt	128.12	449.24	1,591	1,170	796.95	4,625
Current Portion of Long-Term Debt	1,415	737.81	2,361	2,478	242.19	60.52
Current Unearned Revenue	11.86	11.85	6.65	6.65	7.61	16.78
Current Portion of Leases	-	27.84	35.19	22.16	15.39	3.7
Current Income Taxes Payable	55.25	27.64	13.21	5.32	64.67	46.24
Other Current Liabilities	86.62	56.26	70.18	108.24	75.03	185.84
Total Current Liabilities	2,702	2,260	5,280	5,062	1,835	5,935
Long-Term Debt	7,563	7,686	5,890	6,802	7,151	3,823
Long-Term Leases	248.95	238.24	235.3	243.13	244.11	126.56
Long-Term Unearned Revenue	86.86	89.27	93.07	100.23	108.67	118.07
Long-Term Deferred Tax Liabilities	21.27	21.27	129.32	199.28	214.33	130.71
Other Long-Term Liabilities	129.29	103.09	85.22	108.95	89.69	-
Total Liabilities	10,752	10,398	11,713	12,515	9,643	10,134
Common Stock	1,041	1,041	1,041	1,041	822.1	685.08
Additional Paid-In Capital	2,212	2,196	2,147	2,147	1,016	1,151
Retained Earnings	3,721	3,527	3,369	3,307	3,071	3,211
Treasury Stock	-59.8	-59.8	-	-	-	-
Comprehensive Income & Other	34.82	40.94	60.38	60.63	59.55	85.06
Total Common Equity	6,949	6,746	6,618	6,556	4,969	5,133
Minority Interest	770.04	775	626.87	637.5	570.08	716.37
Shareholders' Equity	7,719	7,521	7,245	7,194	5,539	5,849
Total Liabilities & Equity	18,471	17,918	18,958	19,708	15,181	15,983
Total Debt	9,355	9,139	10,112	10,715	8,450	8,639
Net Cash (Debt)	-7,997	-8,346	-9,022	-8,152	-7,651	-5,754
Net Cash Per Share	-7.75	-8.07	-8.66	-9.75	-9.30	-7.00
Filing Date Shares Outstanding	1,032	1,032	1,041	1,041	822.1	822.1
Total Common Shares Outstanding	1,032	1,032	1,041	1,041	822.1	822.1
Working Capital	-212.89	-296.08	-2,948	-1,092	146.61	-1,249
Book Value Per Share	6.74	6.54	6.36	6.30	6.04	6.24
Tangible Book Value	6,389	6,196	5,856	5,782	4,537	4,832
Tangible Book Value Per Share	6.19	6.01	5.62	5.55	5.52	5.88
Buildings	-	1,631	1,517	1,468	1,131	1,132
Machinery	-	10,512	8,674	8,484	6,712	5,795
Construction In Progress	-	453.59	2,739	1,979	1,673	565.62

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