SHE:002017 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	1,892	1,886	1,811	1,706	1,460	1,248
Cash & Short-Term Investments	1,892	1,886	1,811	1,706	1,460	1,248
Cash Growth	3.29%	4.12%	6.17%	16.85%	16.96%	9.53%
Accounts Receivable	206.19	196.41	158.78	200.6	156.45	111.15
Other Receivables	10.64	14.35	64.48	68.57	37.2	16.9
Receivables	216.83	210.76	223.26	269.17	193.65	128.04
Inventory	571.52	592.42	642.63	563.28	305.62	356.4
Prepaid Expenses	-	1.18	0.31	-	16.93	17.91
Other Current Assets	21.31	18.02	6.54	55.52	6.86	13.73
Total Current Assets	2,702	2,708	2,684	2,594	1,983	1,764
Property, Plant & Equipment	154.73	159.37	165.85	161.01	171.77	171.29
Long-Term Investments	28.89	29.69	31.23	33.05	37.33	39.53
Goodwill	1.08	1.08	1.08	1.08	1.08	1.08
Other Intangible Assets	2.45	2.65	2.8	3.45	4.19	4.78
Long-Term Deferred Tax Assets	35.95	34.5	35.03	35.9	29.41	30.27
Long-Term Deferred Charges	2.16	2.92	-	-	-	0.67
Other Long-Term Assets	40.73	44.47	48.45	52.79	59.21	69.37
Total Assets	2,968	2,983	2,968	2,881	2,286	2,081
Accounts Payable	394.41	427.2	464.11	580.83	333.57	269.1
Accrued Expenses	145.8	178.64	183.89	184.17	160.87	145.79
Short-Term Debt	-	-	-	55.72	38.25	-
Current Portion of Leases	1.49	1.97	1.59	0.16	0.53	-
Current Income Taxes Payable	13.64	2.62	8	10.4	2.09	3.21
Current Unearned Revenue	468.73	500.16	500.42	364.75	200.99	156.22
Other Current Liabilities	130.29	77.12	91.07	87.37	37.84	24.62
Total Current Liabilities	1,154	1,188	1,249	1,283	774.14	598.94
Long-Term Leases	3.65	4.23	6.12	-	0.23	-
Long-Term Unearned Revenue	24.91	32.44	45.04	66.17	63.09	64.12
Long-Term Deferred Tax Liabilities	5.04	2.05	0.41	0.78	0.1	0.09
Total Liabilities	1,188	1,226	1,301	1,350	837.56	663.15
Common Stock	580.43	580.43	580.43	446.49	446.49	446.49
Additional Paid-In Capital	375	375	375	507.97	507.97	507.97
Retained Earnings	814.11	803.53	704.81	566.93	497.51	467.44
Comprehensive Income & Other	-0.53	-12.92	-7.52	-6.09	-10.17	-8.8
Total Common Equity	1,769	1,746	1,653	1,515	1,442	1,413
Minority Interest	10.69	10.28	14.86	15.42	6.5	4.93
Shareholders' Equity	1,780	1,756	1,668	1,531	1,448	1,418
Total Liabilities & Equity	2,968	2,983	2,968	2,881	2,286	2,081
Total Debt	5.14	6.19	7.71	55.87	39.01	-
Net Cash (Debt)	1,887	1,880	1,803	1,650	1,421	1,248
Net Cash Growth	3.35%	4.22%	9.30%	16.13%	13.84%	9.53%
Net Cash Per Share	3.25	3.24	3.11	2.84	2.45	2.15
Filing Date Shares Outstanding	580.43	580.43	580.43	580.43	580.43	580.43
Total Common Shares Outstanding	580.43	580.43	580.43	580.43	580.43	580.43
Working Capital	1,547	1,520	1,435	1,310	1,209	1,165
Book Value Per Share	3.05	3.01	2.85	2.61	2.48	2.43
Tangible Book Value	1,765	1,742	1,649	1,511	1,437	1,407
Tangible Book Value Per Share	3.04	3.00	2.84	2.60	2.47	2.42
Buildings	-	136.39	136.24	136.21	135.28	135.65
Machinery	-	473.15	458.91	442.34	454.47	448.77
Construction In Progress	-	14.8	12.96	6.8	0.34	-

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