SHE:001248 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	7,914	4,854	1,952	3,788	4,764	2,206
Accounts Receivable	23,126	21,793	22,730	19,348	15,057	15,158
Other Receivables	784.05	820.28	631.48	345.95	753.41	4,091
Inventory	204.49	162.47	129.05	108.95	103.76	94.85
Prepaid Expenses	174.68	27.6	1.83	1.15	4.23	5.43
Other Current Assets	2,902	2,790	2,289	2,562	2,181	1,799
Total Current Assets	35,106	30,447	27,734	26,154	22,863	23,353
Property, Plant & Equipment	182,890	182,224	158,593	132,541	103,669	87,145
Goodwill	434.9	434.9	545.21	521.65	-	-
Other Intangible Assets	5,759	5,791	5,393	4,318	2,555	2,425
Long-Term Investments	1,808	1,740	919.15	514.56	925.22	381.13
Long-Term Deferred Tax Assets	374.11	315.21	234.76	155.28	64.35	64.28
Long-Term Deferred Charges	2,961	2,972	2,206	1,758	1,409	1,315
Other Long-Term Assets	11,742	11,340	9,858	7,872	7,421	5,149
Total Assets	241,074	235,264	205,483	173,834	138,906	119,832
Accounts Payable	326.32	393.31	688.59	317.06	411.95	509.06
Accrued Expenses	1,062	1,089	1,099	822.87	683.91	501.6
Short-Term Debt	14,393	12,423	12,294	3,523	202.79	7.8
Current Portion of Long-Term Debt	10,285	9,487	9,092	8,719	3,558	5,274
Current Unearned Revenue	15.05	7.69	8.55	1.36	1.75	1.14
Current Portion of Leases	310.96	252.95	307.35	210.38	210.65	60.52
Current Income Taxes Payable	486.48	517.29	500.7	541.8	404.24	322.98
Other Current Liabilities	24,628	25,771	24,563	23,217	23,394	64,220
Total Current Liabilities	51,505	49,941	48,553	37,352	28,867	70,897
Long-Term Debt	89,149	86,749	66,262	55,661	38,847	23,643
Long-Term Leases	3,769	3,769	2,861	1,785	880.05	535.01
Long-Term Unearned Revenue	27.11	27.39	24.23	22.08	6.16	8.32
Long-Term Deferred Tax Liabilities	227.55	202.95	203.93	204.49	2.07	0.3
Other Long-Term Liabilities	425.87	422.56	242.35	229.18	222.18	244.46
Total Liabilities	145,105	141,112	118,147	95,253	68,825	95,328
Common Stock	51,977	51,977	51,977	51,977	51,977	89.58
Additional Paid-In Capital	3,536	3,535	3,541	3,504	3,966	10,561
Retained Earnings	38,115	36,498	30,396	22,443	14,243	14,373
Comprehensive Income & Other	-993.58	-1,050	-1,115	-1,179	-1,318	-1,345
Total Common Equity	92,634	90,960	84,799	76,745	68,868	23,678
Minority Interest	3,335	3,192	2,537	1,837	1,213	825.15
Shareholders' Equity	95,969	94,152	87,336	78,581	70,081	24,503
Total Liabilities & Equity	241,074	235,264	205,483	173,834	138,906	119,832
Total Debt	117,907	112,681	90,816	69,897	43,699	29,521
Net Cash (Debt)	-109,993	-107,827	-88,865	-66,109	-38,935	-27,315
Net Cash Per Share	-10.09	-9.90	-8.16	-6.07	-9.21	-13.68
Filing Date Shares Outstanding	10,898	10,898	10,895	10,898	4,225	1,997
Total Common Shares Outstanding	10,898	10,898	10,895	10,898	4,225	1,997
Working Capital	-16,400	-19,494	-20,820	-11,198	-6,004	-47,544
Book Value Per Share	8.50	8.35	7.78	7.04	16.30	11.86
Tangible Book Value	86,440	84,734	78,861	71,905	66,313	21,254
Tangible Book Value Per Share	7.93	7.77	7.24	6.60	15.69	10.64
Buildings	11,718	11,535	10,042	8,651	7,303	6,667
Machinery	182,816	177,944	147,019	129,411	101,188	92,449
Construction In Progress	32,452	34,388	36,216	23,340	19,510	7,950