SHE:000598 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	4,416	4,675	4,300	3,908	3,744	3,208
Accounts Receivable	4,733	4,280	3,928	3,239	2,788	2,131
Other Receivables	165	146.5	143.91	137.89	263.53	228.98
Inventory	217.11	212.86	226.57	227.98	229.69	202.85
Other Current Assets	970.73	276.56	251.78	210.45	392.3	406.67
Total Current Assets	10,502	9,591	8,851	7,723	7,417	6,177
Property, Plant & Equipment	24,896	25,016	22,802	18,834	15,890	14,387
Goodwill	1.87	1.87	1.87	1.87	1.87	1.87
Other Intangible Assets	13,098	13,146	13,106	13,170	11,458	10,739
Long-Term Investments	19.42	19.56	2.59	101.04	1.99	-
Long-Term Deferred Tax Assets	461.44	447.64	352.09	289.84	214.35	143.31
Long-Term Deferred Charges	47.69	52.96	33.62	43.52	53.47	35.05
Long-Term Accounts Receivable	-	469.93	490.2	376.5	505.51	297.86
Other Long-Term Assets	2,756	2,290	2,810	3,015	2,843	2,730
Total Assets	51,782	51,036	48,448	43,555	38,385	34,511
Accounts Payable	5,745	6,428	6,475	6,064	5,433	5,290
Accrued Expenses	163.07	612.26	564.37	538.59	528.76	430.59
Short-Term Debt	-	67.23	104.81	62.58	55.36	527.6
Current Portion of Long-Term Debt	1,388	1,289	2,338	1,400	527.52	437.39
Current Unearned Revenue	742.43	757.51	783.53	588.54	489.39	586.79
Current Portion of Leases	-	20.55	20.53	26.83	24.9	28.15
Current Income Taxes Payable	173.03	72.47	81.57	91.14	66.41	87.64
Other Current Liabilities	1,185	1,258	1,328	1,169	1,023	895.69
Total Current Liabilities	9,396	10,505	11,696	9,940	8,149	8,283
Long-Term Debt	18,934	17,139	15,112	13,794	12,475	10,329
Long-Term Leases	6.1	7.1	19.05	9.59	19.87	38.18
Long-Term Unearned Revenue	250.81	319.91	349.77	354.77	286.68	154.3
Long-Term Deferred Tax Liabilities	131.17	133.18	119.73	81.49	46.89	-
Other Long-Term Liabilities	1,132	1,542	1,599	1,583	1,673	1,363
Total Liabilities	29,850	29,647	28,896	25,763	22,650	20,168
Common Stock	2,984	2,984	2,984	2,986	2,986	2,986
Additional Paid-In Capital	2,222	2,222	2,127	2,132	1,780	1,773
Retained Earnings	15,051	14,524	13,077	11,588	10,079	8,766
Treasury Stock	-17.54	-17.54	-38.5	-71.62	-76.41	-78.14
Comprehensive Income & Other	12.42	10.91	10.6	9.52	8.7	11.08
Total Common Equity	20,252	19,723	18,160	16,644	14,778	13,458
Minority Interest	1,680	1,667	1,393	1,149	957.67	885.79
Shareholders' Equity	21,933	21,390	19,553	17,792	15,735	14,344
Total Liabilities & Equity	51,782	51,036	48,448	43,555	38,385	34,511
Total Debt	20,328	18,523	17,594	15,292	13,102	11,360
Net Cash (Debt)	-15,912	-13,848	-13,294	-11,385	-9,358	-8,153
Net Cash Per Share	-5.33	-4.64	-4.45	-3.81	-3.13	-2.75
Filing Date Shares Outstanding	2,980	2,979	2,977	2,969	2,969	2,969
Total Common Shares Outstanding	2,980	2,979	2,977	2,969	2,969	2,969
Working Capital	1,106	-913.93	-2,845	-2,217	-731.78	-2,106
Book Value Per Share	6.80	6.62	6.10	5.61	4.98	4.53
Tangible Book Value	7,153	6,575	5,052	3,472	3,318	2,717
Tangible Book Value Per Share	2.40	2.21	1.70	1.17	1.12	0.92
Buildings	-	8,605	6,868	5,494	4,177	3,741
Machinery	-	6,146	5,153	4,338	3,708	3,515
Construction In Progress	-	9,555	9,465	7,124	5,688	4,846

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