SHE:001205 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	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Cash & Equivalents	97.27	231.21	419.59	134.95	75.64	26.07	Upgrade
Trading Asset Securities	-	23.43	364.62	-	75.53	-	Upgrade
Cash & Short-Term Investments	97.27	254.63	784.21	134.95	151.17	26.07	Upgrade
Cash Growth	-69.65%	-67.53%	481.13%	-10.73%	479.76%	58.28%	Upgrade
Accounts Receivable	155.54	177.36	156.05	236.47	117.04	93.12	Upgrade
Other Receivables	113.02	87.89	65.27	21.26	25.53	15.67	Upgrade
Receivables	268.56	265.25	221.32	257.73	142.58	108.78	Upgrade
Inventory	68.25	65.34	48.81	41.31	30.31	31.78	Upgrade
Prepaid Expenses	-	2.99	4.11	3.25	0.84	2.35	Upgrade
Other Current Assets	65.89	7.95	8.83	14.21	15.45	5.83	Upgrade
Total Current Assets	499.97	596.16	1,067	451.44	340.34	174.82	Upgrade
Property, Plant & Equipment	3,788	3,801	2,847	2,070	1,208	782.78	Upgrade
Long-Term Investments	10	245.86	142.01	144.8	4.76	-	Upgrade
Goodwill	88.36	88.36	37.43	37.43	-	-	Upgrade
Other Intangible Assets	-	-	0.05	0.18	0.25	0.35	Upgrade
Long-Term Deferred Tax Assets	3.65	12.79	2.08	1.03	0.66	0.72	Upgrade
Long-Term Deferred Charges	48.36	43.65	30.25	22.34	14.12	6.25	Upgrade
Other Long-Term Assets	127.74	95.24	188.82	70.34	219.91	48.22	Upgrade
Total Assets	4,566	4,883	4,315	2,798	1,788	1,013	Upgrade
Accounts Payable	162.84	215.53	220.79	219.54	115.71	21.03	Upgrade
Accrued Expenses	17.2	20.72	20.93	22.51	14.45	11.77	Upgrade
Short-Term Debt	499.82	571.36	398.04	276.58	108.14	29.18	Upgrade
Current Portion of Long-Term Debt	428.31	193.76	195.42	112.98	64.97	50.73	Upgrade
Current Portion of Leases	-	147.73	182.29	99.76	29.76	24.57	Upgrade
Current Income Taxes Payable	2.91	2	5.35	3.33	4.47	4.87	Upgrade
Current Unearned Revenue	9.16	2.32	6.88	3.17	8.28	-	Upgrade
Other Current Liabilities	18.6	222.39	14.02	23.52	2.41	2.44	Upgrade
Total Current Liabilities	1,139	1,376	1,044	761.4	348.19	144.59	Upgrade
Long-Term Debt	939.67	972.86	1,098	292.6	100.62	75.24	Upgrade
Long-Term Leases	135.44	228.15	363.5	232.54	27.75	55.27	Upgrade
Long-Term Unearned Revenue	9.5	9.5	-	-	-	-	Upgrade
Long-Term Deferred Tax Liabilities	61.35	66.86	35.44	13.65	0.27	-	Upgrade
Other Long-Term Liabilities	-	3.31	0.18	-	-	-	Upgrade
Total Liabilities	2,285	2,656	2,541	1,300	476.82	275.1	Upgrade
Common Stock	188	188	170.98	171.06	120.27	90.2	Upgrade
Additional Paid-In Capital	1,008	1,008	743.12	739.76	752.88	339.97	Upgrade
Retained Earnings	924.29	873.28	756.03	591.06	437.83	307.87	Upgrade
Treasury Stock	-40.1	-40.1	-12.23	-22.21	-	-	Upgrade
Comprehensive Income & Other	39.55	39.99	62.64	-0.5	-	-	Upgrade
Total Common Equity	2,120	2,069	1,721	1,479	1,311	738.04	Upgrade
Minority Interest	161.87	157.71	53.26	18.25	-	-	Upgrade
Shareholders' Equity	2,282	2,227	1,774	1,497	1,311	738.04	Upgrade
Total Liabilities & Equity	4,566	4,883	4,315	2,798	1,788	1,013	Upgrade
Total Debt	2,003	2,114	2,237	1,014	331.24	235	Upgrade
Net Cash (Debt)	-1,906	-1,859	-1,453	-879.52	-180.07	-208.93	Upgrade
Net Cash Per Share	-10.15	-10.69	-8.61	-5.22	-1.19	-1.65	Upgrade
Filing Date Shares Outstanding	185.44	185.44	169.04	168.77	168.37	126.28	Upgrade
Total Common Shares Outstanding	185.44	185.44	169.04	168.77	168.37	126.28	Upgrade
Working Capital	-638.87	-779.64	23.56	-309.96	-7.84	30.23	Upgrade
Book Value Per Share	11.43	11.16	10.18	8.76	7.79	5.84	Upgrade
Tangible Book Value	2,031	1,981	1,683	1,442	1,311	737.68	Upgrade
Tangible Book Value Per Share	10.95	10.68	9.96	8.54	7.78	5.84	Upgrade
Buildings	-	204.85	212.1	218.2	29.47	30.4	Upgrade
Machinery	-	4,228	2,830	2,113	1,011	1,014	Upgrade
Construction In Progress	-	144.56	335.37	129.44	470.95	-	Upgrade

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