SHE:000011 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	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020	2015 - 2019
Cash & Equivalents	2,043	1,678	2,749	1,518	2,281	4,206	Upgrade
Cash & Short-Term Investments	2,344	1,678	2,749	1,518	2,281	4,206	Upgrade
Cash Growth	100.18%	-38.95%	81.14%	-33.47%	-45.78%	27.54%	Upgrade
Accounts Receivable	603.62	476.48	503.65	421.03	294.19	187.7	Upgrade
Other Receivables	272.06	273.33	624.4	639.91	926.72	789.05	Upgrade
Receivables	875.68	749.82	1,128	1,061	1,221	976.75	Upgrade
Inventory	10,823	10,685	11,098	10,975	9,125	5,312	Upgrade
Prepaid Expenses	-	3.8	2.9	1.98	33.19	29.82	Upgrade
Other Current Assets	208.44	185.88	136.85	164.01	96.42	69.72	Upgrade
Total Current Assets	14,251	13,303	15,115	13,720	12,756	10,595	Upgrade
Property, Plant & Equipment	70.2	69.68	89.95	152.91	185.63	116.23	Upgrade
Long-Term Investments	269.42	268.77	84.69	80.67	51.36	46.76	Upgrade
Goodwill	9.45	9.45	9.45	9.45	9.45	-	Upgrade
Other Intangible Assets	0.34	0.47	0.89	1.27	1.75	0.48	Upgrade
Long-Term Accounts Receivable	-	-	-	22.65	23.83	-	Upgrade
Long-Term Deferred Tax Assets	283.56	1,232	1,276	1,408	1,280	950.68	Upgrade
Long-Term Deferred Charges	16.73	22.11	21.51	21.98	22.75	11.86	Upgrade
Other Long-Term Assets	403.4	387.91	390.32	408.51	504.78	486.3	Upgrade
Total Assets	15,304	15,293	16,988	15,825	14,836	12,207	Upgrade
Accounts Payable	670.21	1,043	662.87	608.28	351.89	468.27	Upgrade
Accrued Expenses	149.66	3,554	4,351	4,321	3,622	2,305	Upgrade
Short-Term Debt	855.44	190.17	230.92	-	-	-	Upgrade
Current Portion of Long-Term Debt	932.61	498.26	3,076	196.65	68.98	36.72	Upgrade
Current Portion of Leases	-	8.44	16.33	22.21	14.94	-	Upgrade
Current Income Taxes Payable	52.48	21.59	91.04	57.1	89.59	448.11	Upgrade
Current Unearned Revenue	653.8	337.91	822.69	923.09	1,376	667.37	Upgrade
Other Current Liabilities	1,318	1,111	1,089	1,378	940.38	802.05	Upgrade
Total Current Liabilities	4,632	6,765	10,340	7,506	6,464	4,727	Upgrade
Long-Term Debt	6,861	4,755	1,400	3,619	3,525	3,588	Upgrade
Long-Term Leases	415.19	410.84	410.68	77.96	83.08	-	Upgrade
Long-Term Deferred Tax Liabilities	6.67	4.1	5.86	22.98	0.31	0	Upgrade
Other Long-Term Liabilities	133.57	127.85	127.69	128.78	127.49	111.18	Upgrade
Total Liabilities	12,048	12,063	12,284	11,354	10,199	8,426	Upgrade
Common Stock	595.98	595.98	595.98	595.98	595.98	595.98	Upgrade
Retained Earnings	2,720	2,687	3,989	3,742	3,848	3,058	Upgrade
Comprehensive Income & Other	77.38	78.29	77.14	76.63	146.17	73.74	Upgrade
Total Common Equity	3,394	3,362	4,662	4,414	4,590	3,728	Upgrade
Minority Interest	-137.66	-131.25	41.91	56.32	46.82	53.2	Upgrade
Shareholders' Equity	3,256	3,230	4,704	4,471	4,637	3,781	Upgrade
Total Liabilities & Equity	15,304	15,293	16,988	15,825	14,836	12,207	Upgrade
Total Debt	9,064	5,863	5,134	3,916	3,692	3,625	Upgrade
Net Cash (Debt)	-6,720	-4,185	-2,385	-2,398	-1,411	581.74	Upgrade
Net Cash Growth	-	-	-	-	-	-47.12%	Upgrade
Net Cash Per Share	-11.29	-7.02	-4.00	-4.02	-2.37	0.98	Upgrade
Filing Date Shares Outstanding	595.98	595.98	595.98	595.98	595.98	595.98	Upgrade
Total Common Shares Outstanding	595.98	595.98	595.98	595.98	595.98	595.98	Upgrade
Working Capital	9,619	6,538	4,775	6,214	6,293	5,868	Upgrade
Book Value Per Share	5.69	5.64	7.82	7.41	7.70	6.26	Upgrade
Tangible Book Value	3,384	3,352	4,651	4,404	4,579	3,727	Upgrade
Tangible Book Value Per Share	5.68	5.62	7.80	7.39	7.68	6.25	Upgrade
Buildings	-	119.19	124.43	129.86	170.77	160.93	Upgrade
Machinery	-	85.63	84.05	82.92	83.15	62.36	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.