SHE:000966 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	140.82	142.63	230.45	607.04	285.14	1,084
Accounts Receivable	2,360	1,484	2,321	2,033	2,173	1,355
Other Receivables	8.85	10.46	16.67	25.74	46.77	115.81
Inventory	555.32	1,091	953.38	725.86	566.84	848.95
Prepaid Expenses	-	-	-	-	-	0
Other Current Assets	1,389	1,390	1,240	1,173	909.58	559.09
Total Current Assets	4,454	4,118	4,762	4,564	3,981	3,963
Property, Plant & Equipment	34,425	34,692	31,941	28,124	22,978	15,795
Goodwill	838.52	838.52	838.52	838.52	838.52	838.52
Other Intangible Assets	805.16	810.97	818.5	684.85	631.65	567.57
Long-Term Investments	328.94	332.27	350.84	359.79	331.32	1,005
Long-Term Deferred Tax Assets	148.37	143.19	96.05	113.87	153.24	154.26
Long-Term Deferred Charges	49.85	51.42	57.68	63.36	47.01	45.38
Other Long-Term Assets	199.99	200.13	1,498	2,853	1,873	985.88
Total Assets	41,251	41,186	40,362	37,602	30,834	23,354
Accounts Payable	2,373	3,100	2,498	2,294	2,571	2,055
Accrued Expenses	125.04	184.42	231.95	194.11	245.62	234.9
Short-Term Debt	7,436	6,118	4,231	6,234	5,475	5,252
Current Portion of Long-Term Debt	4,741	4,924	2,011	2,421	1,885	429.32
Current Unearned Revenue	81.61	70.55	59.31	79.96	48.14	46.14
Current Portion of Leases	-	15.94	12.94	20.54	9.05	12.4
Current Income Taxes Payable	124.21	17.2	140.25	44.89	43.46	65.98
Other Current Liabilities	639	656.02	691.43	624.54	567.1	427.43
Total Current Liabilities	15,520	15,086	9,876	11,914	10,845	8,523
Long-Term Debt	11,131	11,636	15,734	14,611	9,627	4,978
Long-Term Leases	593.37	583.2	570.86	575.4	304.16	89.17
Long-Term Unearned Revenue	205.79	208.41	193.24	179.75	157.29	141.05
Long-Term Deferred Tax Liabilities	28.2	28.51	16.43	17.83	36.44	67.5
Other Long-Term Liabilities	5.77	5.77	7.91	10.01	11.6	15.48
Total Liabilities	27,484	27,548	26,399	27,308	20,981	13,814
Common Stock	3,481	3,481	3,481	2,749	2,749	2,749
Additional Paid-In Capital	5,505	5,505	5,505	3,247	3,246	3,246
Retained Earnings	4,328	4,224	4,541	3,933	3,622	3,378
Comprehensive Income & Other	139.81	110.5	80.54	25.93	-23.09	73.42
Total Common Equity	13,455	13,321	13,607	9,955	9,595	9,447
Minority Interest	311.71	317.35	356.04	339.27	258.41	92.94
Shareholders' Equity	13,766	13,638	13,963	10,294	9,853	9,540
Total Liabilities & Equity	41,251	41,186	40,362	37,602	30,834	23,354
Total Debt	23,901	23,277	22,560	23,862	17,300	10,761
Net Cash (Debt)	-23,761	-23,134	-22,330	-23,255	-17,015	-9,677
Net Cash Per Share	-6.83	-6.64	-7.95	-8.46	-6.19	-3.78
Filing Date Shares Outstanding	3,481	3,481	3,481	2,749	2,749	2,749
Total Common Shares Outstanding	3,481	3,481	3,481	2,749	2,749	2,749
Working Capital	-11,066	-10,968	-5,115	-7,349	-6,864	-4,561
Book Value Per Share	3.87	3.83	3.91	3.62	3.49	3.44
Tangible Book Value	11,811	11,671	11,950	8,431	8,124	8,041
Tangible Book Value Per Share	3.39	3.35	3.43	3.07	2.96	2.92
Buildings	-	12,892	11,692	10,961	9,292	8,987
Machinery	-	39,223	34,614	31,777	22,174	20,782
Construction In Progress	-	2,491	3,908	2,276	7,607	1,401

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