SHE:000593 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	168.43	150.87	141.58	275.24	231.93	193.32
Accounts Receivable	166.08	187.32	183.41	168.9	136.21	150.69
Other Receivables	14	12.41	33.46	34.13	6.73	8.81
Inventory	88.79	70.03	88.38	90.77	94.62	79.73
Prepaid Expenses	-	-	-	-	6.72	0.16
Loans Receivable Current	-	-	-	-	-	1.1
Other Current Assets	50.02	66.42	72.18	69.02	128.44	167.13
Total Current Assets	487.32	487.05	519.01	638.05	604.65	600.93
Property, Plant & Equipment	936.3	941.22	941.6	921.71	856.32	878.99
Goodwill	179.58	179.58	179.58	231.52	354.23	354.23
Other Intangible Assets	81.21	82.07	72.84	64.8	54.14	48.17
Long-Term Investments	42.11	44.93	73.83	74.06	114.47	118.01
Long-Term Deferred Tax Assets	29.56	29.84	25.97	19.41	14.34	12.8
Long-Term Deferred Charges	54.54	55.39	48.4	44.63	40.31	26.5
Other Long-Term Assets	86.44	87.73	96.23	100.96	145.81	122.43
Total Assets	1,897	1,908	1,957	2,095	2,184	2,162
Accounts Payable	177.13	176.61	157.78	151.77	196.12	118.62
Accrued Expenses	2.86	3.61	10.94	9.89	12.57	23.1
Short-Term Debt	139.7	189.83	154.54	251.56	231.67	432.05
Current Portion of Long-Term Debt	98.36	100.65	241.16	155.71	29	-
Current Unearned Revenue	197.41	200.56	216.91	205.65	169.92	139.39
Current Portion of Leases	-	-	0.79	0.7	-	-
Current Income Taxes Payable	17.77	20.59	9.72	14.84	15.03	13.6
Other Current Liabilities	48.13	51.66	51.1	32.82	34.37	39.64
Total Current Liabilities	681.36	743.5	842.94	822.94	688.67	766.41
Long-Term Debt	224.15	189.24	151.37	305.99	301.95	214.44
Long-Term Leases	2.74	2.03	2.36	2.81	1.55	41.61
Long-Term Unearned Revenue	13.53	13.66	3.38	-	-	-
Long-Term Deferred Tax Liabilities	4.83	4.95	5.85	7.01	6.38	5.36
Other Long-Term Liabilities	0.2	0.2	17.89	17.89	29.98	31.2
Total Liabilities	926.8	953.57	1,024	1,157	1,029	1,059
Common Stock	358.63	358.63	358.63	358.63	358.63	358.63
Additional Paid-In Capital	646.31	646.31	646.31	649.37	660.81	660.81
Retained Earnings	-106.41	-121.08	-141.41	-160.46	80.87	32.63
Treasury Stock	-17	-17	-17	-	-	-
Comprehensive Income & Other	2.75	1.35	2.26	0.14	1.09	0
Total Common Equity	884.28	868.21	848.79	847.68	1,101	1,052
Minority Interest	85.99	86.02	84.87	90.83	54.36	50.95
Shareholders' Equity	970.27	954.24	933.66	938.51	1,156	1,103
Total Liabilities & Equity	1,897	1,908	1,957	2,095	2,184	2,162
Total Debt	464.95	481.75	550.22	716.76	564.16	688.11
Net Cash (Debt)	-296.52	-330.88	-408.64	-441.52	-332.23	-494.79
Net Cash Per Share	-0.84	-0.93	-1.14	-1.23	-0.93	-1.38
Filing Date Shares Outstanding	357.61	365.23	355.4	358.63	358.63	358.63
Total Common Shares Outstanding	357.61	365.23	355.4	358.63	358.63	358.63
Working Capital	-194.04	-256.45	-323.93	-184.89	-84.02	-165.48
Book Value Per Share	2.47	2.38	2.39	2.36	3.07	2.93
Tangible Book Value	623.49	606.57	596.38	551.36	693.03	649.67
Tangible Book Value Per Share	1.74	1.66	1.68	1.54	1.93	1.81
Buildings	-	-	173.16	164.57	139.67	137.79
Machinery	-	-	1,179	1,085	666.48	1,043
Construction In Progress	-	-	90.51	109.35	118.21	89.58

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