SHE:000004 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	54.12	72.25	93.71	129.09	169.45	180.18
Cash & Short-Term Investments	54.12	72.25	93.71	129.09	169.45	180.18
Cash Growth	-15.45%	-22.89%	-27.41%	-23.82%	-5.96%	21.87%
Accounts Receivable	46.35	78.84	181.62	304.72	370.7	319.23
Other Receivables	10.43	9.68	26.16	27.42	11.32	14.98
Receivables	56.78	88.52	207.78	332.14	382.01	334.21
Inventory	3.96	5.22	1.16	1.15	20.6	4.91
Other Current Assets	33.85	8.92	21.65	45.83	43.71	15.99
Total Current Assets	148.71	174.92	324.29	508.21	615.77	535.29
Property, Plant & Equipment	16.41	19.86	10.59	10.65	5.75	1.99
Long-Term Investments	10.84	10.85	10.85	0.25	9.41	2.7
Goodwill	0.72	0.6	-	-	430.83	987.4
Other Intangible Assets	25.17	33.2	18.22	24.5	37.32	27.94
Long-Term Deferred Tax Assets	47.93	71.46	49.15	32.76	11.06	7.79
Long-Term Deferred Charges	10.45	-	-	-	-	-
Other Long-Term Assets	0.31	0.32	0.34	0.36	0.44	0.44
Total Assets	260.55	311.21	413.45	576.73	1,111	1,564
Accounts Payable	59.51	99.26	89.72	112.35	55	25.41
Accrued Expenses	8.25	35.1	31.55	41.78	41.86	36.67
Short-Term Debt	-	3.3	-	-	-	10
Current Portion of Leases	4.35	3.95	3.42	3.11	2.42	-
Current Income Taxes Payable	28.33	15.39	15.39	15.42	20.7	10.97
Current Unearned Revenue	45.95	30.33	41.15	19.46	13.6	5.18
Other Current Liabilities	24.21	13.89	13.78	18.57	22.92	14.8
Total Current Liabilities	170.6	201.23	195	210.69	156.5	103.03
Long-Term Leases	4.07	6.25	7.28	5.71	0.48	-
Long-Term Unearned Revenue	1.27	1.27	1.27	1.27	1.27	0.47
Long-Term Deferred Tax Liabilities	4.57	4.57	1.96	2.49	1.83	2.44
Other Long-Term Liabilities	35.79	24.97	14.07	3.99	2.24	0.8
Total Liabilities	216.3	238.3	219.58	224.15	162.33	106.73
Common Stock	132.38	132.38	132.38	132.85	156	165.05
Additional Paid-In Capital	1,232	1,232	1,232	1,232	1,209	1,200
Retained Earnings	-1,328	-1,301	-1,169	-1,012	-416.91	92.2
Total Common Equity	36.95	64.04	195.57	352.57	947.69	1,457
Minority Interest	7.3	8.87	-1.71	0.02	0.56	0.02
Shareholders' Equity	44.24	72.91	193.87	352.59	948.24	1,457
Total Liabilities & Equity	260.55	311.21	413.45	576.73	1,111	1,564
Total Debt	8.41	13.51	10.7	8.82	2.9	10
Net Cash (Debt)	45.71	58.75	83.01	120.27	166.54	170.18
Net Cash Growth	-17.32%	-29.23%	-30.98%	-27.79%	-2.13%	15.11%
Net Cash Per Share	0.35	0.44	0.63	0.82	1.03	1.03
Filing Date Shares Outstanding	132.38	132.38	132.38	132.85	156	165.05
Total Common Shares Outstanding	132.38	132.38	132.38	132.85	156	165.05
Working Capital	-21.88	-26.32	129.29	297.52	459.27	432.26
Book Value Per Share	0.28	0.48	1.48	2.65	6.07	8.83
Tangible Book Value	11.06	30.24	177.35	328.07	479.54	441.46
Tangible Book Value Per Share	0.08	0.23	1.34	2.47	3.07	2.67
Buildings	-	5.09	1	1	1	1
Machinery	-	19.71	7.4	7.14	6.34	4.92
Construction In Progress	-	0.06	-	-	-	-

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