SHE:001299 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	155.04	163.7	346.07	930.44	745.31	127.08
Short-Term Investments	-	258	267	-	-	-
Trading Asset Securities	338.13	375.07	361.96	99.07	222.48	263.15
Accounts Receivable	12.65	13.96	9.59	19.82	22.33	17.32
Other Receivables	8.36	1.42	1.02	0.8	1.14	0.92
Inventory	10.06	9.64	13.52	14.18	12.32	18.72
Prepaid Expenses	-	35.34	35.8	34.76	-	28.44
Other Current Assets	311.98	48.4	41.1	37.44	43.8	11.23
Total Current Assets	836.22	905.52	1,076	1,137	1,047	466.85
Property, Plant & Equipment	676.85	647.92	535.03	471.27	445.47	431.7
Other Intangible Assets	35.74	34.35	34.56	32.67	26.26	27.3
Long-Term Investments	140.84	122.57	118.5	109.58	95.39	93.36
Long-Term Deferred Tax Assets	3.7	3.23	1.44	1.25	0.95	0.52
Long-Term Deferred Charges	0.72	0.83	-	-	-	-
Other Long-Term Assets	5.96	7.19	0.94	2.38	3.49	1.83
Total Assets	1,700	1,722	1,767	1,754	1,619	1,022
Accounts Payable	72.99	82.86	36.22	35.9	41.03	24.77
Accrued Expenses	6.73	10.26	10.18	7.36	9.55	6.44
Short-Term Debt	6.25	3.94	-	-	-	-
Current Portion of Long-Term Debt	2.4	-	-	-	-	-
Current Unearned Revenue	309.09	346.84	349.51	341.13	280.75	262.03
Current Portion of Leases	-	2.53	1.74	0.42	1.22	1.19
Current Income Taxes Payable	6.83	7.01	6.77	5.92	7.12	4.4
Other Current Liabilities	40.89	44.33	48.71	44.22	43.38	37.68
Total Current Liabilities	445.17	497.76	453.12	434.94	383.06	336.5
Long-Term Leases	1.11	1.55	4.14	0.4	0.49	1.63
Long-Term Unearned Revenue	11.89	8.9	9.45	5.49	5.53	3.9
Long-Term Deferred Tax Liabilities	-	-	-	0.39	0.03	-
Other Long-Term Liabilities	-	-	-	-	0.94	0.26
Total Liabilities	458.18	508.21	466.71	441.23	390.05	342.29
Common Stock	242.64	242.64	187.58	187.58	187.58	140.68
Additional Paid-In Capital	453.11	453.11	508.17	508.17	508.17	98.85
Retained Earnings	578.1	550.41	629.37	598.08	516.27	422.09
Treasury Stock	-46.29	-46.29	-46.29	-	-	-
Comprehensive Income & Other	14.29	13.53	19.78	16.83	14.76	15.34
Total Common Equity	1,242	1,213	1,299	1,311	1,227	676.96
Minority Interest	-	-	1.23	1.77	2.11	2.32
Shareholders' Equity	1,242	1,213	1,300	1,312	1,229	679.28
Total Liabilities & Equity	1,700	1,722	1,767	1,754	1,619	1,022
Total Debt	9.76	8.01	5.88	0.82	1.72	2.82
Net Cash (Debt)	483.41	788.76	969.15	1,029	966.07	387.4
Net Cash Growth	-31.41%	-18.61%	-5.79%	6.48%	149.37%	23.94%
Net Cash Per Share	1.58	2.55	3.07	3.27	3.82	1.63
Filing Date Shares Outstanding	300.01	310.17	310.17	317.01	317.01	238.25
Total Common Shares Outstanding	300.01	310.17	310.17	317.01	317.01	238.25
Working Capital	391.04	407.76	622.94	701.58	664.32	130.35
Book Value Per Share	4.14	3.91	4.19	4.13	3.87	2.84
Tangible Book Value	1,206	1,179	1,264	1,278	1,201	649.66
Tangible Book Value Per Share	4.02	3.80	4.08	4.03	3.79	2.73
Buildings	-	86.87	86.71	86.28	85.83	83.91
Machinery	-	74.92	73.56	73.22	70.79	69.18
Construction In Progress	-	179.88	75.23	39.79	11.38	15.36

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