SHE:000993 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	456.31	353.06	310.91	372.9	298.78
Short-Term Investments	223.89	-	-	40	-
Trading Asset Securities	-	-	-	157	71
Accounts Receivable	261.66	255.25	210.41	215.24	218.4
Other Receivables	0.46	0.46	6.76	18.19	34.97
Inventory	176.64	223.66	285.64	1,048	988.43
Prepaid Expenses	10.46	11.59	13.6	28.58	20.93
Other Current Assets	34.9	33.63	38.27	76.48	111.69
Total Current Assets	1,164	877.64	865.59	1,956	1,744
Property, Plant & Equipment	1,672	1,812	1,846	1,900	2,017
Goodwill	41.93	41.93	41.93	41.93	41.93
Other Intangible Assets	90.5	94.09	96.29	95.06	95.14
Long-Term Investments	506.62	685.48	390.96	260.07	240.37
Long-Term Deferred Tax Assets	17.11	23.96	26.78	52.06	45.28
Long-Term Deferred Charges	6.47	8.49	4.41	3.47	3.86
Other Long-Term Assets	117.6	110.99	110.03	125.85	152.92
Total Assets	3,617	3,655	3,381	4,435	4,340
Accounts Payable	147.45	185.67	206.39	233.56	205.03
Accrued Expenses	44.96	36.11	38.83	40.73	40.51
Short-Term Debt	0.8	0.31	-	120.11	129.63
Current Portion of Long-Term Debt	43.81	35.8	31.15	27.3	38.09
Current Unearned Revenue	2.5	14.54	14.41	1,009	948.78
Current Portion of Leases	8.26	7.75	2	6.69	8.91
Current Income Taxes Payable	5.01	7.38	4.56	17.32	12.44
Other Current Liabilities	13.3	25.45	26.98	128.02	123.72
Total Current Liabilities	266.09	312.99	324.32	1,583	1,507
Long-Term Debt	470.6	499.66	277.8	315.25	479.13
Long-Term Leases	78.5	78.52	85.56	78.11	85.53
Long-Term Unearned Revenue	3.24	3.57	3.9	4.24	1.24
Pension & Post-Retirement Benefits	172.53	195.29	182.89	180.72	178.11
Long-Term Deferred Tax Liabilities	0.02	-	0.01	1.18	1.1
Other Long-Term Liabilities	10.28	11.24	2.32	3.74	3.4
Total Liabilities	1,001	1,101	876.79	2,166	2,256
Common Stock	457.95	457.95	457.95	457.95	457.95
Additional Paid-In Capital	1,650	1,650	1,650	1,650	1,649
Retained Earnings	480.58	421.08	343.35	108.84	-75.86
Comprehensive Income & Other	-16.7	-23.24	5.66	-	-
Total Common Equity	2,572	2,506	2,457	2,216	2,032
Minority Interest	43.63	47.85	47.64	52.1	53.1
Shareholders' Equity	2,615	2,554	2,505	2,268	2,085
Total Liabilities & Equity	3,617	3,655	3,381	4,435	4,340
Total Debt	601.97	622.03	396.5	547.46	741.29
Net Cash (Debt)	78.23	-268.97	-85.59	22.43	-371.51
Net Cash Per Share	0.17	-0.59	-0.19	0.05	-0.80
Filing Date Shares Outstanding	457.95	457.95	457.95	457.95	457.95
Total Common Shares Outstanding	457.95	457.95	457.95	457.95	457.95
Working Capital	898.24	564.65	541.27	372.92	237.07
Book Value Per Share	5.62	5.47	5.37	4.84	4.44
Tangible Book Value	2,439	2,370	2,319	2,079	1,894
Tangible Book Value Per Share	5.33	5.17	5.06	4.54	4.14
Buildings	1,197	1,200	1,238	497.86	502.37
Machinery	2,141	2,184	2,041	1,526	1,448
Construction In Progress	4.39	4.08	17.95	15.28	92.6

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