SHE:001258 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	907.52	367.07	253.9	447.49	1,159	566.87
Trading Asset Securities	-	-	-	-	60.03	-
Accounts Receivable	2,267	2,227	2,016	1,721	1,492	1,402
Other Receivables	42.64	44.68	30.57	26.15	15.73	2.83
Inventory	-	-	0.4	0.33	-	-
Other Current Assets	855.69	845	546.86	204.88	165.59	208.18
Total Current Assets	4,073	3,484	2,848	2,400	2,892	2,180
Property, Plant & Equipment	13,909	14,026	11,288	6,568	5,598	4,755
Goodwill	0.01	0.01	0.01	0.01	0.01	0.01
Other Intangible Assets	315.03	300.37	247.36	253.1	241.72	91.61
Long-Term Investments	876.77	816.41	796.82	-	-	-
Long-Term Deferred Tax Assets	129.91	121.82	101.67	83.14	52.28	25.6
Long-Term Deferred Charges	4.44	4.85	0.62	0.58	0.66	0.64
Other Long-Term Assets	1.04	1.04	8.21	328.15	372.87	25.22
Total Assets	19,309	18,754	15,290	9,632	9,158	7,078
Accounts Payable	2,052	2,252	1,382	535.04	353.54	362.39
Accrued Expenses	6.79	17.09	27.99	30.22	27.14	17.3
Short-Term Debt	392.54	732.31	1,263	-	124.68	19.02
Current Portion of Long-Term Debt	1,224	1,124	839.28	727.78	725.05	493.19
Current Unearned Revenue	0.05	0.01	0.01	-	-	0.1
Current Portion of Leases	-	-	133.76	2.99	4.83	1.37
Current Income Taxes Payable	34.93	41.24	19.85	27.47	17.76	6.14
Other Current Liabilities	111.48	118.19	1.36	0.43	9.14	15.25
Total Current Liabilities	3,821	4,285	3,667	1,324	1,262	914.76
Long-Term Debt	8,834	7,810	6,813	5,300	4,972	4,207
Long-Term Leases	69.68	68.15	1,847	11.31	13.81	10.06
Long-Term Deferred Tax Liabilities	1.05	1.05	1.44	1.37	0.88	0
Other Long-Term Liabilities	1,990	2,073	44.63	47.36	40.4	1.48
Total Liabilities	14,717	14,237	12,373	6,684	6,289	5,134
Common Stock	933.33	933.33	933.33	933.33	933.33	700
Additional Paid-In Capital	1,297	1,297	1,237	1,246	1,246	752.6
Retained Earnings	813.76	807.42	738.21	762.69	686.28	490.47
Comprehensive Income & Other	7.49	5.46	2.15	-	2.21	-
Total Common Equity	3,052	3,043	2,911	2,942	2,867	1,943
Minority Interest	1,541	1,474	5.97	6.84	1.5	1.56
Shareholders' Equity	4,593	4,517	2,917	2,948	2,869	1,945
Total Liabilities & Equity	19,309	18,754	15,290	9,632	9,158	7,078
Total Debt	10,520	9,734	10,896	6,042	5,840	4,731
Net Cash (Debt)	-9,613	-9,367	-10,642	-5,594	-4,621	-4,164
Net Cash Per Share	-11.05	-9.91	-10.60	-5.79	-5.89	-5.85
Filing Date Shares Outstanding	634.03	937.12	933.33	933.33	933.33	679.41
Total Common Shares Outstanding	634.03	937.12	933.33	933.33	933.33	679.41
Working Capital	251.37	-801.11	-819.08	1,076	1,630	1,265
Book Value Per Share	4.81	3.25	3.12	3.15	3.07	2.86
Tangible Book Value	2,736	2,743	2,664	2,688	2,626	1,851
Tangible Book Value Per Share	4.32	2.93	2.85	2.88	2.81	2.73
Buildings	-	-	891.48	867.09	697.9	662.34
Machinery	-	-	7,176	6,891	5,259	4,947
Construction In Progress	-	-	5,399	594.84	1,116	360.56

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