SHE:000685 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	1,614	1,717	1,715	2,179	2,066	2,368
Trading Asset Securities	-	-	-	-	-	130
Accounts Receivable	3,817	3,619	3,439	1,946	1,719	772.86
Other Receivables	63.38	43.34	290.95	221.38	206.84	168.22
Inventory	156.65	84.14	134.16	115.47	117.24	90.48
Prepaid Expenses	-	-	0.77	1.52	1.53	0.87
Other Current Assets	356.96	334.39	39.06	149.59	26.8	13.93
Total Current Assets	6,008	5,797	5,619	4,613	4,137	3,545
Property, Plant & Equipment	5,908	5,978	4,375	3,461	2,254	2,116
Goodwill	24.71	24.37	4.04	4.04	4.04	4.04
Other Intangible Assets	4,324	4,225	3,610	3,801	3,745	2,164
Long-Term Investments	17,171	16,685	15,313	14,168	13,429	12,941
Long-Term Loans Receivable	-	-	-	-	129.49	120.78
Long-Term Deferred Tax Assets	174.42	174.47	144.14	111.44	94.05	69.63
Long-Term Deferred Charges	113.96	123.22	81.22	69.06	76.17	35.66
Long-Term Accounts Receivable	-	-	2,171	1,384	610.28	554.32
Other Long-Term Assets	3,605	3,587	1,094	1,407	1,020	940.34
Total Assets	37,329	36,595	32,411	29,018	25,499	22,491
Accounts Payable	2,657	2,978	3,464	2,466	1,560	696.67
Accrued Expenses	278.54	295.48	357.56	318.04	261.52	179.64
Short-Term Debt	1,312	1,254	1,653	2,201	1,984	2,057
Current Portion of Long-Term Debt	2,267	1,514	246.21	1,169	1,310	90.95
Current Unearned Revenue	1,220	1,172	968.82	868.6	791.06	690.65
Current Portion of Leases	-	-	8.93	7.64	21.11	19.75
Current Income Taxes Payable	83.35	93	39.8	51.21	31.04	40.4
Other Current Liabilities	2,212	2,128	904.05	875.68	632.47	454.24
Total Current Liabilities	10,030	9,435	7,642	7,957	6,591	4,229
Long-Term Debt	6,845	7,284	6,685	4,148	2,607	2,615
Long-Term Leases	63.74	64.09	27.95	23.6	66.2	17.82
Long-Term Unearned Revenue	186.36	186.13	181.01	165.35	152.88	137.28
Long-Term Deferred Tax Liabilities	145.42	147.27	6.49	4.57	4.64	0
Other Long-Term Liabilities	204.56	204.33	44.24	53.15	119.1	44.2
Total Liabilities	17,475	17,321	14,587	12,352	9,541	7,044
Common Stock	1,475	1,475	1,475	1,475	1,475	1,475
Additional Paid-In Capital	1,785	1,816	1,831	1,835	1,827	1,852
Retained Earnings	15,039	14,455	13,210	12,305	11,659	11,030
Treasury Stock	-53.24	-53.24	-53.24	-53.24	-53.24	-
Comprehensive Income & Other	993.79	993.73	1,050	824.19	765.05	785.51
Total Common Equity	19,239	18,687	17,513	16,386	15,674	15,142
Minority Interest	615.29	586.65	311.42	280.64	285.15	304.93
Shareholders' Equity	19,854	19,274	17,824	16,666	15,959	15,447
Total Liabilities & Equity	37,329	36,595	32,411	29,018	25,499	22,491
Total Debt	10,488	10,117	8,621	7,549	5,989	4,801
Net Cash (Debt)	-8,874	-8,400	-6,907	-5,370	-3,923	-2,302
Net Cash Per Share	-6.04	-5.72	-4.72	-3.67	-2.67	-1.56
Filing Date Shares Outstanding	1,458	1,495	1,468	1,468	1,468	1,475
Total Common Shares Outstanding	1,458	1,495	1,468	1,468	1,468	1,475
Working Capital	-4,021	-3,637	-2,023	-3,345	-2,454	-684.63
Book Value Per Share	13.19	12.50	11.93	11.16	10.68	10.26
Tangible Book Value	14,891	14,437	13,898	12,581	11,925	12,974
Tangible Book Value Per Share	10.21	9.66	9.47	8.57	8.12	8.80
Buildings	-	-	1,373	861.94	861.44	893.83
Machinery	-	-	4,920	4,542	3,597	3,195
Construction In Progress	-	-	862.19	592.61	145.34	209.61

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