SHE:300867 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	-	200.4	159.39	87.01	363.32	99.58
Short-Term Investments	-	0.61	0.5	-	-	-
Trading Asset Securities	-	87.6	4.95	49.35	16.51	263.54
Accounts Receivable	-	1,328	1,359	1,144	869.44	880.06
Other Receivables	-	16.74	10.14	7.42	13.31	11.94
Inventory	-	54.94	56.08	60.26	60.54	46.22
Other Current Assets	-	188.12	200.33	224.01	246.47	219.76
Total Current Assets	-	1,876	1,791	1,572	1,570	1,521
Property, Plant & Equipment	-	781.08	608.94	556.57	552.63	517.39
Other Intangible Assets	-	5,408	5,609	5,726	5,666	5,284
Long-Term Investments	-	448.68	417.79	18.52	402.62	325.5
Long-Term Deferred Tax Assets	-	101.11	89.68	60.08	39.95	30.77
Long-Term Deferred Charges	-	78.39	93.49	101.08	98.63	84.63
Other Long-Term Assets	-	115.11	92.71	469.22	80.8	57.12
Total Assets	-	8,809	8,702	8,504	8,410	7,820
Accounts Payable	-	367.45	556.34	717.62	713.02	759.89
Accrued Expenses	-	54.97	49.57	40.03	40.64	34.65
Short-Term Debt	-	124.45	156.23	145.89	57.56	25.84
Current Portion of Long-Term Debt	-	759.4	700.4	669.46	584.04	440.51
Current Unearned Revenue	-	5.44	1.7	0.55	-	-
Current Portion of Leases	-	2.03	1.71	1.7	1.66	0.19
Current Income Taxes Payable	-	46.8	36.35	32.73	23.14	18.45
Other Current Liabilities	-	67.42	7.43	6.67	7.13	9.48
Total Current Liabilities	-	1,428	1,510	1,615	1,427	1,289
Long-Term Debt	-	3,275	3,358	3,253	3,489	3,207
Long-Term Leases	-	5.41	7.42	9.28	11.25	3.37
Long-Term Unearned Revenue	-	41.31	42.8	35.38	35.1	27.85
Long-Term Deferred Tax Liabilities	-	34.33	23.07	21.83	24.86	22.77
Other Long-Term Liabilities	-	108.9	85.98	71.45	55.48	42.53
Total Liabilities	-	4,893	5,027	5,005	5,043	4,592
Common Stock	-	271.74	271.74	271.74	271.74	271.74
Additional Paid-In Capital	-	1,413	1,413	1,413	1,414	1,414
Retained Earnings	-	2,200	1,970	1,803	1,675	1,543
Comprehensive Income & Other	-	26.58	16.07	7.58	0.69	-
Total Common Equity	3,912	3,912	3,671	3,495	3,361	3,228
Minority Interest	-	4.34	3.81	2.78	5.77	0.08
Shareholders' Equity	3,916	3,916	3,675	3,498	3,367	3,228
Total Liabilities & Equity	-	8,809	8,702	8,504	8,410	7,820
Total Debt	4,166	4,166	4,224	4,079	4,144	3,676
Net Cash (Debt)	-3,877	-3,877	-4,059	-3,943	-3,764	-3,313
Net Cash Per Share	-14.27	-14.27	-14.94	-14.51	-13.85	-12.19
Filing Date Shares Outstanding	271.74	271.74	271.74	271.74	271.74	271.74
Total Common Shares Outstanding	271.74	271.74	271.74	271.74	271.74	271.74
Working Capital	-	448.26	281	-42.46	142.39	232.09
Book Value Per Share	14.39	14.39	13.51	12.86	12.37	11.88
Tangible Book Value	-1,496	-1,496	-1,937	-2,231	-2,305	-2,056
Tangible Book Value Per Share	-5.51	-5.51	-7.13	-8.21	-8.48	-7.56
Buildings	-	295.76	294.37	294.13	292.67	283.02
Machinery	-	373.45	371.42	363.39	344.83	315.07
Construction In Progress	-	314.92	108.81	34.99	19.17	8.18

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