SHE:000605 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Cash & Equivalents	297.4	434.78	462.07	421.09	486.68	422.26
Accounts Receivable	1,454	1,489	1,487	1,524	1,626	1,621
Other Receivables	44.95	44.62	201.91	160.94	116.65	111.4
Inventory	66.09	86.57	85.04	89.24	151.93	157.37
Other Current Assets	301.87	351.74	174.92	171.72	228.06	223.56
Total Current Assets	2,165	2,407	2,411	2,367	2,609	2,535
Property, Plant & Equipment	2,706	2,812	2,984	2,851	2,889	2,905
Goodwill	122.21	122.21	151.67	151.67	151.67	151.67
Other Intangible Assets	1,011	912.32	696.6	633.99	481.35	440.74
Long-Term Investments	973.62	981.65	960.58	980.11	990.71	913.5
Long-Term Deferred Tax Assets	133.87	131.04	121.48	122.24	83.6	78.84
Long-Term Deferred Charges	68.26	72.39	77.17	87.26	101.62	96.17
Other Long-Term Assets	720.29	726.19	746.06	792.94	770.65	673.76
Total Assets	7,900	8,164	8,148	7,986	8,078	7,795
Accounts Payable	544.1	544.13	728.13	826.89	1,184	1,098
Accrued Expenses	7.88	6.05	56.74	53.29	45.31	48.38
Short-Term Debt	932.15	1,204	1,450	1,321	1,503	1,498
Current Portion of Long-Term Debt	500.66	457.73	534.55	171.83	92.54	151.5
Current Unearned Revenue	43.99	290.95	297.35	295.22	305.96	336.56
Current Portion of Leases	-	-	3.62	3.45	205.67	172.74
Current Income Taxes Payable	43	48.07	10.96	8.42	7.53	14.89
Other Current Liabilities	235.97	253.13	444.3	490.59	390.37	370.41
Total Current Liabilities	2,308	2,804	3,526	3,171	3,734	3,691
Long-Term Debt	2,069	1,846	903.81	1,106	660.64	422.94
Long-Term Leases	75.75	73.7	480.6	447.96	246.08	313.57
Long-Term Unearned Revenue	530.48	537.95	520.52	579.77	612.6	626.57
Long-Term Deferred Tax Liabilities	24.36	22.68	20.11	21.45	1.2	1.3
Other Long-Term Liabilities	169.83	184.93	-14.4	12.35	198.37	140
Total Liabilities	5,177	5,469	5,436	5,338	5,453	5,195
Common Stock	352.66	352.66	352.66	352.66	352.66	352.66
Additional Paid-In Capital	1,089	1,089	1,089	1,089	1,090	1,090
Retained Earnings	702.58	683.98	682.5	673.47	659.72	651.17
Comprehensive Income & Other	-0.13	-0.13	-	-	-	-
Total Common Equity	2,144	2,126	2,124	2,115	2,103	2,094
Minority Interest	578.99	568.99	587.72	533.07	522.63	506.25
Shareholders' Equity	2,723	2,695	2,712	2,648	2,625	2,600
Total Liabilities & Equity	7,900	8,164	8,148	7,986	8,078	7,795
Total Debt	3,577	3,581	3,373	3,050	2,707	2,559
Net Cash (Debt)	-3,280	-3,147	-2,911	-2,629	-2,221	-2,137
Net Cash Per Share	-9.31	-8.93	-8.25	-7.46	-6.29	-6.05
Filing Date Shares Outstanding	352.96	350.35	352.66	353.41	352.66	352.66
Total Common Shares Outstanding	352.96	350.35	352.66	353.41	352.66	352.66
Working Capital	-142.96	-397.28	-1,115	-803.74	-1,125	-1,155
Book Value Per Share	6.08	6.07	6.02	5.99	5.96	5.94
Tangible Book Value	1,011	1,091	1,276	1,330	1,470	1,502
Tangible Book Value Per Share	2.86	3.11	3.62	3.76	4.17	4.26
Buildings	-	-	791.26	734.08	720.57	698.72
Machinery	-	-	748	709.23	622.92	603.02
Construction In Progress	-	-	587.1	514.23	498.79	533.76

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