SHE:000862 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	29.7	65.91	311.18	237.87	60.52
Accounts Receivable	2,357	2,627	2,181	1,745	1,013
Other Receivables	0.22	3.48	11.26	9.54	16.49
Inventory	43.24	30.3	46.28	52.99	51.63
Other Current Assets	53.3	43.34	84.49	60.68	37.45
Total Current Assets	2,484	2,770	2,634	2,107	1,179
Property, Plant & Equipment	5,794	6,209	6,545	6,540	5,955
Other Intangible Assets	77	79.69	79.95	81.75	83.32
Long-Term Investments	91.79	93.19	93.53	89.62	87.76
Long-Term Deferred Tax Assets	104.8	67.32	54.71	53.88	57.78
Long-Term Deferred Charges	1.05	1.2	1.35	1.5	1.45
Other Long-Term Assets	71.43	81.75	127.25	95.35	70.95
Total Assets	8,624	9,302	9,536	8,969	7,436
Accounts Payable	228.14	172.4	281.98	164.46	212.78
Accrued Expenses	22.66	27.7	24.65	39.72	34.64
Short-Term Debt	-	325.17	725.4	20.02	114.1
Current Portion of Long-Term Debt	-	588.15	748.45	759.33	1,096
Current Unearned Revenue	0.54	-	0.03	0.14	0.04
Current Portion of Leases	-	0.19	0.19	0.44	0.26
Current Income Taxes Payable	-	2.31	3.01	0.96	1.77
Other Current Liabilities	3,350	2,428	1,343	1,857	338.49
Total Current Liabilities	3,601	3,544	3,127	2,842	1,798
Long-Term Debt	639.78	1,424	2,135	2,743	2,792
Long-Term Leases	1.12	1.33	1.78	1.7	1.88
Long-Term Unearned Revenue	12.62	13.74	21.91	25.01	30.17
Pension & Post-Retirement Benefits	-	-	-	-	0
Long-Term Deferred Tax Liabilities	-	-	-	-	1.16
Other Long-Term Liabilities	-	-	17.46	17.58	23.49
Total Liabilities	4,254	4,983	5,303	5,629	4,647
Common Stock	917.95	917.95	917.95	706.12	706.12
Additional Paid-In Capital	3,431	3,431	3,428	2,915	2,682
Retained Earnings	-58.71	-103.36	-190.28	-350.68	-635.97
Comprehensive Income & Other	-3.79	-1.67	-0.6	0.13	0.49
Total Common Equity	4,287	4,244	4,155	3,271	2,752
Minority Interest	82.33	75.53	77.57	68.9	37.18
Shareholders' Equity	4,369	4,320	4,233	3,340	2,790
Total Liabilities & Equity	8,624	9,302	9,536	8,969	7,436
Total Debt	640.91	2,339	3,611	3,525	4,004
Net Cash (Debt)	-611.2	-2,273	-3,300	-3,287	-3,944
Net Cash Per Share	-0.67	-2.48	-4.21	-4.65	-5.59
Filing Date Shares Outstanding	921.19	917.95	917.95	706.12	706.12
Total Common Shares Outstanding	921.19	917.95	917.95	706.12	706.12
Working Capital	-1,117	-773.16	-492.66	-735.06	-618.72
Book Value Per Share	4.65	4.62	4.53	4.63	3.90
Tangible Book Value	4,210	4,164	4,075	3,189	2,669
Tangible Book Value Per Share	4.57	4.54	4.44	4.52	3.78
Buildings	-	1,128	1,151	1,176	1,179
Machinery	-	11,348	11,666	11,064	9,994
Construction In Progress	-	287.19	111.3	191.71	48.6

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