SHE:002479 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	763.22	747.57	717.13	948.95	1,390	1,332
Trading Asset Securities	-	-	-	-	-	18.4
Accounts Receivable	402.96	367.61	490.17	521.19	675.51	470.23
Other Receivables	40.48	46.08	85.69	85.76	181.93	244.65
Inventory	1,321	1,257	1,029	665.47	543.42	524.04
Other Current Assets	229.73	223.97	202.27	257.86	231.99	407.31
Total Current Assets	2,758	2,643	2,525	2,479	3,023	2,996
Property, Plant & Equipment	4,387	4,450	4,488	4,671	4,648	4,367
Goodwill	521.82	521.82	572.38	589.38	589.38	603.71
Other Intangible Assets	224.72	226.78	224.35	249.44	273.35	286.49
Long-Term Investments	344.72	343.23	404.46	407.5	420.12	474.02
Long-Term Deferred Tax Assets	113.56	120.74	110.53	96.87	78	64.47
Long-Term Deferred Charges	4.16	4.94	6.21	8.35	10.5	12.47
Long-Term Accounts Receivable	-	-	-	-	-	102.74
Other Long-Term Assets	53.96	45.06	210.52	84.78	114.11	158.16
Total Assets	8,407	8,355	8,541	8,587	9,156	9,065
Accounts Payable	767.34	819.54	966.92	1,039	1,215	1,064
Accrued Expenses	44.31	101.98	89.2	53.42	53.12	128.38
Short-Term Debt	1,601	1,711	1,391	1,467	1,526	1,800
Current Portion of Long-Term Debt	292.19	307.45	643.26	321.82	357.77	106.49
Current Unearned Revenue	282.51	220.52	233.57	192.65	174.12	200.61
Current Portion of Leases	-	0.02	0.29	0.94	27.16	47.72
Current Income Taxes Payable	37.91	31.63	28.63	26.73	44.82	75.73
Other Current Liabilities	85.2	60.9	102.99	113.11	110.77	147.73
Total Current Liabilities	3,111	3,253	3,456	3,215	3,509	3,570
Long-Term Debt	708.96	589.6	656.22	1,007	1,182	1,110
Long-Term Leases	-	-	0.11	0.32	8.03	33.27
Long-Term Unearned Revenue	79.31	80.71	81.31	42.41	42.1	45.08
Long-Term Deferred Tax Liabilities	-	-	-	0.16	-	-
Other Long-Term Liabilities	-	-	0.94	5.29	1.34	14.07
Total Liabilities	3,899	3,924	4,195	4,270	4,742	4,773
Common Stock	865	865	865	865	865	865
Additional Paid-In Capital	1,517	1,517	1,517	1,517	1,550	1,550
Retained Earnings	1,894	1,790	1,717	1,605	1,582	1,496
Comprehensive Income & Other	1.52	1.21	-	-	-	-
Total Common Equity	4,278	4,174	4,099	3,988	3,996	3,910
Minority Interest	230.66	257.3	247.2	329.1	417.75	381.92
Shareholders' Equity	4,508	4,431	4,346	4,317	4,414	4,292
Total Liabilities & Equity	8,407	8,355	8,541	8,587	9,156	9,065
Total Debt	2,602	2,609	2,691	2,797	3,100	3,098
Net Cash (Debt)	-1,839	-1,861	-1,974	-1,848	-1,710	-1,748
Net Cash Per Share	-2.18	-2.20	-2.29	-2.16	-1.98	-2.01
Filing Date Shares Outstanding	861.28	865	865	865	865	865
Total Common Shares Outstanding	861.28	865	865	865	865	865
Working Capital	-353.07	-610.91	-931.44	-735.77	-485.65	-574.13
Book Value Per Share	4.97	4.83	4.74	4.61	4.62	4.52
Tangible Book Value	3,531	3,425	3,302	3,149	3,134	3,020
Tangible Book Value Per Share	4.10	3.96	3.82	3.64	3.62	3.49
Buildings	-	-	-	1,704	1,515	1,384
Machinery	-	4,876	4,742	4,420	3,754	3,249
Construction In Progress	-	257.36	201.07	516.89	975.4	1,058

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