SHE:000537 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	6,624	7,429	6,611	8,998	4,877	6,943
Accounts Receivable	6,043	5,616	6,316	5,479	4,966	4,949
Other Receivables	870.48	593.52	453.93	902.59	176.91	98.24
Inventory	-	-	-	1.57	2.44	2.59
Prepaid Expenses	-	15.9	10.56	9.21	7.72	22.58
Other Current Assets	703.21	801.4	734.75	522.95	422.96	76,096
Total Current Assets	14,241	14,456	14,127	15,914	10,453	88,111
Property, Plant & Equipment	76,845	76,189	67,609	45,598	24,380	23,236
Other Intangible Assets	449.72	452.88	435.16	356.84	269.8	258.02
Long-Term Investments	455.58	448.32	579.47	603.37	626.37	594.93
Long-Term Deferred Tax Assets	92.63	88.99	85.58	58.29	42.03	44.07
Long-Term Deferred Charges	1.41	24.47	15.45	1.91	2.75	7.37
Other Long-Term Assets	7,935	7,763	6,516	7,840	1,766	1,451
Total Assets	100,019	99,422	89,367	70,372	37,541	113,703
Accounts Payable	5,049	4,780	4,675	4,871	1,437	1,712
Accrued Expenses	4.59	75.36	52.35	47.33	42.33	58.46
Short-Term Debt	1,882	3,376	-	11,046	-	-
Current Portion of Long-Term Debt	4,760	5,083	1,537	1,326	754.41	1,657
Current Unearned Revenue	21.1	21.31	2.98	3.32	6.68	9.93
Current Portion of Leases	-	94.6	93.79	94.94	96.75	77.95
Current Income Taxes Payable	111.13	43.3	36.99	41.21	17.9	7.71
Other Current Liabilities	1,496	1,255	1,172	1,403	730.67	63,731
Total Current Liabilities	13,324	14,729	7,570	18,832	3,086	67,254
Long-Term Debt	56,518	54,674	53,230	27,670	15,134	19,789
Long-Term Leases	3,983	3,854	3,697	3,227	1,549	2,180
Long-Term Unearned Revenue	1.37	1.37	1.21	1.15	0.79	0.84
Long-Term Deferred Tax Liabilities	4.29	4.29	1.17	1.17	4.63	-
Other Long-Term Liabilities	42.14	121.57	81.98	85.69	88.47	91.46
Total Liabilities	73,873	73,385	64,582	49,817	19,863	89,315
Common Stock	2,067	2,067	2,067	1,863	1,863	1,863
Additional Paid-In Capital	6,041	6,041	6,055	4,477	4,477	9,261
Retained Earnings	11,840	11,751	11,457	10,820	10,087	11,704
Treasury Stock	-92.77	-55.42	-	-	-	-
Comprehensive Income & Other	46.52	34.92	14.19	-0.92	-18.98	-20.63
Total Common Equity	19,902	19,839	19,593	17,159	16,407	22,808
Minority Interest	6,244	6,198	5,192	3,396	1,270	1,580
Shareholders' Equity	26,146	26,037	24,785	20,555	17,677	24,388
Total Liabilities & Equity	100,019	99,422	89,367	70,372	37,541	113,703
Total Debt	67,144	67,083	58,559	43,363	17,535	23,703
Net Cash (Debt)	-60,520	-59,654	-51,947	-34,365	-12,657	-16,760
Net Cash Per Share	-29.10	-29.06	-25.75	-18.31	-6.79	-9.05
Filing Date Shares Outstanding	2,224	2,056	2,067	1,863	1,863	1,863
Total Common Shares Outstanding	2,224	2,067	2,067	1,863	1,863	1,863
Working Capital	916.96	-273.66	6,556	-2,918	7,368	20,857
Book Value Per Share	8.95	9.60	9.48	9.21	8.81	12.25
Tangible Book Value	19,452	19,386	19,158	16,802	16,137	22,550
Tangible Book Value Per Share	8.75	9.38	9.27	9.02	8.66	12.11
Buildings	-	2,904	1,574	2,508	2,446	2,334
Machinery	-	52,234	31,246	25,533	24,280	22,301
Construction In Progress	-	29,128	40,923	23,275	3,139	2,893

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