SHE:301175 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	1,066	1,023	992.38	1,756	562.29
Accounts Receivable	790.1	667.41	607.45	445.98	378.86
Other Receivables	188.19	153.77	162.72	158.64	121.91
Inventory	124.82	89.84	136.15	48.57	72.39
Prepaid Expenses	-	-	-	2.41	1.51
Other Current Assets	128.11	55.8	17.82	15.92	9.11
Total Current Assets	2,298	1,990	1,917	2,428	1,146
Property, Plant & Equipment	1,248	1,223	1,081	986.92	984.38
Other Intangible Assets	4,650	4,073	3,929	2,986	2,356
Long-Term Deferred Tax Assets	100.18	76.02	67.59	53.64	42.85
Long-Term Deferred Charges	61.11	39.08	28.7	20.37	7.51
Other Long-Term Assets	212.53	88.35	129.64	23.24	20.56
Total Assets	8,570	7,490	7,152	6,498	4,557
Accounts Payable	634.56	530.32	552.51	465.38	387.74
Accrued Expenses	80.75	71.34	65.47	69.6	59.98
Short-Term Debt	489.37	104.44	216.96	257.21	147.27
Current Portion of Long-Term Debt	323.19	187.01	110.22	124.74	116.24
Current Unearned Revenue	162.25	97.77	62.35	82.98	24.31
Current Portion of Leases	1.01	1.64	1.97	4.49	4.8
Current Income Taxes Payable	14.36	9.84	6.23	13.8	14.35
Other Current Liabilities	171.79	129.21	122.09	65.41	200.56
Total Current Liabilities	1,877	1,132	1,138	1,084	955.25
Long-Term Debt	2,239	2,073	1,893	1,719	1,539
Long-Term Leases	0.72	0.82	1.15	12.13	2.58
Long-Term Unearned Revenue	139.68	111.76	113.67	117.06	101.21
Long-Term Deferred Tax Liabilities	51.51	30.79	27.79	10.48	4.32
Other Long-Term Liabilities	176.9	229.39	280.16	106.5	94.99
Total Liabilities	4,485	3,577	3,454	3,049	2,697
Common Stock	1,472	1,472	1,472	1,472	1,105
Additional Paid-In Capital	1,156	1,129	1,127	1,126	140.93
Retained Earnings	1,071	976.18	802.67	613.95	401.81
Comprehensive Income & Other	6.44	3.85	3.07	0.23	-
Total Common Equity	3,705	3,581	3,404	3,212	1,647
Minority Interest	379.9	331.82	293.62	237.48	212.63
Shareholders' Equity	4,085	3,913	3,698	3,449	1,860
Total Liabilities & Equity	8,570	7,490	7,152	6,498	4,557
Total Debt	3,053	2,367	2,224	2,117	1,810
Net Cash (Debt)	-1,987	-1,344	-1,231	-361.03	-1,248
Net Cash Per Share	-1.35	-0.92	-0.82	-0.29	-1.15
Filing Date Shares Outstanding	1,472	1,472	1,472	1,472	1,105
Total Common Shares Outstanding	1,472	1,472	1,472	1,472	1,105
Working Capital	420.25	858.56	778.71	1,344	190.82
Book Value Per Share	2.52	2.43	2.31	2.18	1.49
Tangible Book Value	-945.16	-492.56	-524.12	225.98	-708.6
Tangible Book Value Per Share	-0.64	-0.33	-0.36	0.15	-0.64
Buildings	909.68	847.87	584.83	570.91	552.1
Machinery	815.12	793.91	746.67	723.22	696.66
Construction In Progress	78.97	49.96	152.72	20.15	10.6

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