SHE:000958 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	3,955	3,933	6,037	1,977	3,142	2,321
Short-Term Investments	-	-	423.22	320.88	178.37	641.38
Trading Asset Securities	-	-	18,143	16,896	16,531	14,913
Accounts Receivable	5,386	5,256	4,851	3,493	2,893	2,742
Other Receivables	420.95	379.69	724.86	170.97	233.99	282.93
Inventory	2,524	2,754	2,132	144.03	128.63	305.37
Prepaid Expenses	-	38.33	48.29	-	-	4.11
Loans Receivable Current	-	-	320.67	559.5	1,094	2,015
Other Current Assets	2,390	1,366	2,580	1,289	1,236	2,123
Total Current Assets	14,676	13,727	35,260	24,851	25,438	25,348
Property, Plant & Equipment	97,115	96,168	87,995	12,952	13,491	14,328
Goodwill	-	-	546.16	546.16	546.16	546.16
Other Intangible Assets	723.66	732.84	751.91	250.01	234.05	214.25
Long-Term Investments	22,252	21,408	25,325	4,800	5,146	4,833
Long-Term Loans Receivable	-	-	1,602	1,215	208.97	873.22
Long-Term Deferred Tax Assets	196.7	176.51	532.56	452.83	408.12	318.97
Long-Term Deferred Charges	609.85	606.8	515.31	32.19	47.73	37.71
Other Long-Term Assets	6,415	6,586	5,052	728.93	670.07	811.78
Total Assets	141,988	139,406	157,581	45,827	46,190	47,311
Accounts Payable	2,047	2,217	1,662	1,530	1,602	1,747
Accrued Expenses	650.05	710.93	943.94	116.01	82.13	92.1
Short-Term Debt	7,495	6,901	3,380	1,457	1,694	3,101
Current Portion of Long-Term Debt	4,583	4,606	11,519	564.28	662.11	2,915
Current Unearned Revenue	252.56	541.51	602.07	566.76	525.77	452.16
Current Portion of Leases	-	138.15	136.38	122.09	152.67	160.86
Current Income Taxes Payable	142.29	31.66	90.76	123.07	91.24	156
Other Current Liabilities	1,018	1,521	8,164	2,249	3,074	3,548
Total Current Liabilities	16,188	16,669	26,498	6,728	7,884	12,173
Long-Term Debt	68,267	66,317	55,224	8,444	8,754	7,949
Long-Term Leases	113.52	228.68	381.03	259.5	322.59	427.13
Long-Term Unearned Revenue	215.69	226.56	268.58	340.71	410.03	469.47
Long-Term Deferred Tax Liabilities	83.17	59.43	364.44	313.14	277.82	133.55
Other Long-Term Liabilities	475.69	523.07	1,581	759.52	537.93	726.68
Total Liabilities	85,343	84,023	84,317	16,844	18,186	21,879
Common Stock	17,373	17,373	5,383	5,383	5,383	5,383
Additional Paid-In Capital	8,510	8,496	25,118	6,335	6,336	6,015
Retained Earnings	19,419	18,301	16,199	7,586	6,636	5,964
Comprehensive Income & Other	28.14	20.23	-13.42	38.02	101.23	208.14
Total Common Equity	45,329	44,190	46,686	19,343	18,457	17,571
Minority Interest	11,316	11,193	26,578	9,640	9,547	7,861
Shareholders' Equity	56,645	55,383	73,264	28,983	28,004	25,432
Total Liabilities & Equity	141,988	139,406	157,581	45,827	46,190	47,311
Total Debt	80,458	78,191	70,640	10,846	11,586	14,553
Net Cash (Debt)	-76,503	-74,258	-46,037	8,348	8,267	3,322
Net Cash Growth	-	-	-	0.98%	148.86%	-80.78%
Net Cash Per Share	-5.44	-5.73	-3.55	1.55	1.54	0.62
Filing Date Shares Outstanding	17,373	17,373	5,383	5,383	5,383	5,383
Total Common Shares Outstanding	17,373	17,373	5,383	5,383	5,383	5,383
Working Capital	-1,513	-2,941	8,763	18,123	17,554	13,175
Book Value Per Share	2.61	2.54	8.67	3.59	3.43	3.26
Tangible Book Value	44,606	43,457	45,388	18,546	17,676	16,811
Tangible Book Value Per Share	2.57	2.50	8.43	3.45	3.28	3.12
Buildings	-	14,950	14,871	1,855	1,856	1,800
Machinery	-	54,929	54,156	15,211	15,027	13,926
Construction In Progress	-	45,651	35,515	385.42	168.83	1,231

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