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	3,168	367.07	253.9	447.49	1,159	566.87
Trading Asset Securities	400.59	-	-	-	60.03	-
Accounts Receivable	308.12	2,227	2,016	1,721	1,492	1,402
Other Receivables	7.41	44.68	30.57	26.15	15.73	2.83
Inventory	463.33	-	0.4	0.33	-	-
Other Current Assets	66.79	845	546.86	204.88	165.59	208.18
Total Current Assets	4,414	3,484	2,848	2,400	2,892	2,180
Property, Plant & Equipment	2,953	14,026	11,288	6,568	5,598	4,755
Goodwill	108.06	0.01	0.01	0.01	0.01	0.01
Other Intangible Assets	1,688	300.37	247.36	253.1	241.72	91.61
Long-Term Investments	95.96	816.41	796.82	-	-	-
Long-Term Deferred Tax Assets	0.92	121.82	101.67	83.14	52.28	25.6
Long-Term Deferred Charges	523.93	4.85	0.62	0.58	0.66	0.64
Other Long-Term Assets	165.1	1.04	8.21	328.15	372.87	25.22
Total Assets	9,950	18,754	15,290	9,632	9,158	7,078
Accounts Payable	400.17	2,252	1,382	535.04	353.54	362.39
Accrued Expenses	28.7	31.38	27.99	30.22	27.14	17.3
Short-Term Debt	300.21	732.31	1,263	-	124.68	19.02
Current Portion of Long-Term Debt	184.85	798.1	839.28	727.78	725.05	493.19
Current Unearned Revenue	15.25	0.01	0.01	-	-	0.1
Current Portion of Leases	-	325.53	133.76	2.99	4.83	1.37
Current Income Taxes Payable	228.35	28.06	19.85	27.47	17.76	6.14
Other Current Liabilities	545.55	117.09	1.36	0.43	9.14	15.25
Total Current Liabilities	1,703	4,285	3,667	1,324	1,262	914.76
Long-Term Debt	156.12	7,810	6,813	5,300	4,972	4,207
Long-Term Leases	2	2,042	1,847	11.31	13.81	10.06
Long-Term Unearned Revenue	8.39	-	-	-	-	-
Long-Term Deferred Tax Liabilities	305.32	1.05	1.44	1.37	0.88	0
Other Long-Term Liabilities	118.58	99.57	44.63	47.36	40.4	1.48
Total Liabilities	2,294	14,237	12,373	6,684	6,289	5,134
Common Stock	1,836	933.33	933.33	933.33	933.33	700
Additional Paid-In Capital	2,788	1,297	1,237	1,246	1,246	752.6
Retained Earnings	2,753	807.42	738.21	762.69	686.28	490.47
Comprehensive Income & Other	266.18	5.46	2.15	-	2.21	-
Total Common Equity	7,644	3,043	2,911	2,942	2,867	1,943
Minority Interest	12.75	1,474	5.97	6.84	1.5	1.56
Shareholders' Equity	7,656	4,517	2,917	2,948	2,869	1,945
Total Liabilities & Equity	9,950	18,754	15,290	9,632	9,158	7,078
Total Debt	643.18	11,708	10,896	6,042	5,840	4,731
Net Cash (Debt)	2,925	-11,341	-10,642	-5,594	-4,621	-4,164
Net Cash Per Share	3.09	-12.00	-10.60	-5.79	-5.89	-5.85
Filing Date Shares Outstanding	933.33	933.33	933.33	933.33	933.33	679.41
Total Common Shares Outstanding	933.33	933.33	933.33	933.33	933.33	679.41
Working Capital	2,711	-801.11	-819.08	1,076	1,630	1,265
Book Value Per Share	8.19	3.26	3.12	3.15	3.07	2.86
Tangible Book Value	5,847	2,743	2,664	2,688	2,626	1,851
Tangible Book Value Per Share	6.26	2.94	2.85	2.88	2.81	2.73
Buildings	-	949.78	891.48	867.09	697.9	662.34
Machinery	-	9,753	7,176	6,891	5,259	4,947
Construction In Progress	-	5,839	5,399	594.84	1,116	360.56

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