SHE:003039 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	695.57	852.57	615.38	837.83	972.1	826.38
Accounts Receivable	1,285	1,307	955.1	332.05	131.53	137.37
Other Receivables	113.15	109.54	82.19	70.23	46.01	30.89
Inventory	117.51	108.42	103.24	63.08	66.82	50.76
Prepaid Expenses	-	9.06	11.7	0.07	5.54	8.28
Other Current Assets	98.47	85.73	80.76	53.37	10.45	32.93
Total Current Assets	2,310	2,473	1,848	1,357	1,232	1,087
Property, Plant & Equipment	2,448	2,334	2,096	1,753	1,694	1,586
Goodwill	146.09	93.86	83.97	48.08	37.49	37.49
Other Intangible Assets	2,910	2,923	2,941	2,045	1,546	1,630
Long-Term Investments	39.35	39.45	27.98	29.38	20.97	12.34
Long-Term Deferred Tax Assets	89.65	88.79	80.6	59.85	52.42	42.58
Long-Term Deferred Charges	7.65	8.14	9.89	11.85	12.54	14.23
Other Long-Term Assets	131.09	136.55	124.24	19.15	12.31	13.42
Total Assets	8,083	8,096	7,212	5,323	4,609	4,422
Accounts Payable	293.43	308.96	217.67	89.71	74.42	44.87
Accrued Expenses	95.41	143.25	106.98	91.64	61.28	54.7
Short-Term Debt	634.76	724.31	529.78	222.61	200.24	175.17
Current Portion of Long-Term Debt	416.08	531.85	178.51	172.07	114.37	110
Current Unearned Revenue	8.88	10.53	16.75	23.73	22.98	15.51
Current Portion of Leases	-	8.93	8.63	6.86	6.01	5.57
Current Income Taxes Payable	46.94	29.23	14.6	24.87	14.42	9.47
Other Current Liabilities	600.56	567.17	573.46	518.32	484.87	612.81
Total Current Liabilities	2,096	2,324	1,646	1,150	978.59	1,028
Long-Term Debt	1,723	1,647	1,586	602.34	370	384.31
Long-Term Leases	15.59	17.72	25.68	30.89	35.71	41.68
Long-Term Unearned Revenue	15.53	15.69	3.47	0.61	0.76	0.89
Long-Term Deferred Tax Liabilities	114.14	108.7	123.09	16.11	10.92	0.87
Other Long-Term Liabilities	149.6	146.26	162.56	146.49	136.88	127.29
Total Liabilities	4,114	4,260	3,547	1,946	1,533	1,583
Common Stock	617.52	617.52	617.52	617.52	617.52	617.52
Additional Paid-In Capital	548.3	548.3	554.98	549.48	549.48	549.48
Retained Earnings	1,798	1,733	1,558	1,397	1,222	1,062
Comprehensive Income & Other	9.41	8.54	8.74	10.77	11.52	10.27
Total Common Equity	2,973	2,907	2,740	2,575	2,401	2,239
Minority Interest	995.69	929.23	925.64	802	674.9	599.92
Shareholders' Equity	3,969	3,836	3,665	3,377	3,076	2,839
Total Liabilities & Equity	8,083	8,096	7,212	5,323	4,609	4,422
Total Debt	2,789	2,930	2,328	1,035	726.33	716.72
Net Cash (Debt)	-2,094	-2,077	-1,713	-196.95	245.78	109.66
Net Cash Growth	-	-	-	-	124.12%	-
Net Cash Per Share	-3.39	-3.36	-2.77	-0.32	0.40	0.18
Filing Date Shares Outstanding	617.65	617.52	617.52	617.52	617.52	617.52
Total Common Shares Outstanding	617.65	617.52	617.52	617.52	617.52	617.52
Working Capital	213.9	148.46	202	206.82	253.85	58.53
Book Value Per Share	4.81	4.71	4.44	4.17	3.89	3.63
Tangible Book Value	-83.54	-109.49	-285.71	481.66	817.28	571.79
Tangible Book Value Per Share	-0.14	-0.18	-0.46	0.78	1.32	0.93
Buildings	-	933.91	774.69	561.33	543.49	515.06
Machinery	-	4,011	3,726	3,317	3,073	2,885
Construction In Progress	-	192.75	209.17	113.76	152.1	127.11

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