SHE:002210 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	134.59	126.99	105.62	76.87	126.5	218.92
Trading Asset Securities	-	-	-	-	-	1.7
Accounts Receivable	325.42	299.03	272.81	265.99	200.01	136.75
Other Receivables	5.61	18.49	9.43	5.96	6.23	2.82
Inventory	11.09	7.73	12.85	22.57	27.91	34.92
Other Current Assets	40.56	39.42	32.76	50.98	30.12	16.95
Total Current Assets	517.26	491.66	433.48	422.37	390.77	412.06
Property, Plant & Equipment	38.72	37.73	36.42	23.3	24.18	28.21
Goodwill	402.56	402.56	402.56	402.56	402.56	402.56
Other Intangible Assets	352.23	360.86	395.8	410.46	327.97	220.85
Long-Term Investments	0.3	0.3	-	-	-	11
Long-Term Deferred Tax Assets	16.99	19.79	43.63	61.13	65.36	11.19
Long-Term Deferred Charges	47.18	46.49	51.42	41.46	30.45	17.14
Other Long-Term Assets	11.78	11.78	12.77	9.51	2.14	14.19
Total Assets	1,387	1,371	1,376	1,371	1,243	1,117
Accounts Payable	145.26	144.85	197.49	232.97	146.4	62.83
Accrued Expenses	3.17	6.67	7.32	8.68	13.27	18.36
Short-Term Debt	18.27	12	260.67	242.46	205.58	202.57
Current Portion of Long-Term Debt	25.31	-	231.66	120.83	120.83	-
Current Unearned Revenue	1.4	0.17	0.75	0.29	0.09	4.92
Current Portion of Leases	-	24.97	23.36	21.78	7.9	1.36
Current Income Taxes Payable	2.02	0.01	0.01	0.01	0.01	0.36
Other Current Liabilities	154.56	149.99	143.93	152.83	142.75	173.78
Total Current Liabilities	349.99	338.67	865.18	779.85	636.82	464.19
Long-Term Debt	-	-	-	120.83	241.66	362.49
Long-Term Leases	0.7	87.73	112.04	134.88	45.72	1.33
Long-Term Unearned Revenue	13.3	13.84	15.98	18.16	13.23	15.15
Long-Term Deferred Tax Liabilities	2.18	2.24	2.47	2.54	1.75	0.74
Other Long-Term Liabilities	80.57	-	6.15	31.67	37.82	125.21
Total Liabilities	446.74	442.47	1,002	1,088	977.01	969.13
Common Stock	2,661	2,661	2,661	2,661	2,661	2,661
Additional Paid-In Capital	2,279	2,279	1,743	1,679	1,679	1,650
Retained Earnings	-3,974	-3,986	-4,001	-4,029	-4,046	-4,134
Treasury Stock	-	-	-0.2	-	-	-
Comprehensive Income & Other	-28.53	-28.44	-28.36	-28.43	-28.48	-28.75
Total Common Equity	937.3	925.78	374.3	282.84	266.41	148.08
Minority Interest	2.98	2.91	-0.04	-	-	-
Shareholders' Equity	940.27	928.69	374.26	282.84	266.41	148.08
Total Liabilities & Equity	1,387	1,371	1,376	1,371	1,243	1,117
Total Debt	44.28	124.71	627.72	640.79	621.69	567.76
Net Cash (Debt)	90.31	2.28	-522.1	-563.92	-495.19	-347.14
Net Cash Per Share	0.03	0.00	-0.20	-0.21	-0.19	-0.13
Filing Date Shares Outstanding	2,637	2,661	2,661	2,661	2,661	2,661
Total Common Shares Outstanding	2,637	2,661	2,661	2,661	2,661	2,661
Working Capital	167.27	152.99	-431.71	-357.48	-246.05	-52.14
Book Value Per Share	0.36	0.35	0.14	0.11	0.10	0.06
Tangible Book Value	182.51	162.36	-424.06	-530.17	-464.12	-475.33
Tangible Book Value Per Share	0.07	0.06	-0.16	-0.20	-0.17	-0.18
Buildings	-	1.33	-	-	-	-
Machinery	-	9.19	10.33	9.06	10.13	13.25
Construction In Progress	-	32.95	33.18	21.8	21.88	24.77

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