SHE:002119 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	175.78	146.5	198.29	257.02	216.01	145.82
Short-Term Investments	300.06	74.73	-	-	-	-
Trading Asset Securities	6.94	1.32	0.77	40.43	0.21	4
Cash & Short-Term Investments	482.78	222.55	199.06	297.45	216.22	149.82
Cash Growth	183.63%	11.80%	-33.08%	37.57%	44.32%	-6.48%
Accounts Receivable	631.19	594.1	489.41	381.6	652	501.56
Other Receivables	3.78	22.99	19.51	2.53	1.64	3.63
Receivables	634.97	617.09	508.92	384.13	653.64	505.19
Inventory	504.12	421.57	433.06	377.21	415.22	330.25
Prepaid Expenses	-	0.98	0.59	0.66	0.39	0.25
Other Current Assets	43.28	6.22	6.37	15.17	14.54	22.36
Total Current Assets	1,665	1,268	1,148	1,075	1,300	1,008
Property, Plant & Equipment	630.34	603.29	637.95	653.51	665.72	648.99
Long-Term Investments	100.67	292.96	359.35	-	-	-
Goodwill	1.29	1.29	1.29	1.29	1.29	1.29
Other Intangible Assets	65.7	59.36	60.33	62.02	68.23	73.13
Long-Term Deferred Tax Assets	27.11	26.8	25.83	24.18	22.28	26.15
Long-Term Deferred Charges	0.37	0.43	0.81	2.62	2.33	1.95
Other Long-Term Assets	52.9	85.03	84.88	88.93	74.6	69.67
Total Assets	2,544	2,338	2,318	1,907	2,134	1,829
Accounts Payable	352.91	237.98	211.53	137.66	304.81	198.9
Accrued Expenses	25.03	32.58	29.04	35.01	40.84	32.09
Short-Term Debt	531.58	448.04	537.07	283.6	421.45	413.64
Current Portion of Long-Term Debt	29.92	105.08	165.15	65.07	92.1	25.04
Current Income Taxes Payable	11.52	0.37	0.53	3.17	8.15	0.19
Current Unearned Revenue	5.79	6.47	8.53	8.63	11.12	7.11
Other Current Liabilities	10.37	7.01	6.92	9.29	10.39	13.37
Total Current Liabilities	967.1	837.53	958.77	542.43	888.86	690.33
Long-Term Debt	55.03	80.06	-	75.07	45.06	117.15
Long-Term Unearned Revenue	66.6	50.86	61.92	63.35	57.82	50.36
Long-Term Deferred Tax Liabilities	2.41	1.92	2.47	0.38	-	-
Total Liabilities	1,091	970.37	1,023	681.23	991.73	857.85
Common Stock	375.28	375.28	375.28	375.28	375.28	375.28
Additional Paid-In Capital	112.16	112.16	112.16	112.16	112.16	112.16
Retained Earnings	964.93	879.78	807.84	738.5	655.28	483.76
Total Common Equity	1,452	1,367	1,295	1,226	1,143	971.2
Shareholders' Equity	1,452	1,367	1,295	1,226	1,143	971.2
Total Liabilities & Equity	2,544	2,338	2,318	1,907	2,134	1,829
Total Debt	616.53	633.18	702.22	423.74	558.61	555.83
Net Cash (Debt)	-133.75	-410.63	-503.16	-126.29	-342.39	-406.01
Net Cash Per Share	-0.36	-1.09	-1.31	-0.33	-0.91	-1.06
Filing Date Shares Outstanding	375.28	375.28	375.28	375.28	375.28	375.28
Total Common Shares Outstanding	375.28	375.28	375.28	375.28	375.28	375.28
Working Capital	698.04	430.89	189.23	532.19	411.15	317.53
Book Value Per Share	3.87	3.64	3.45	3.27	3.04	2.59
Tangible Book Value	1,385	1,307	1,234	1,163	1,073	896.78
Tangible Book Value Per Share	3.69	3.48	3.29	3.10	2.86	2.39
Buildings	-	366.35	383.65	383.14	391.56	393.43
Machinery	-	945.86	877.92	844.54	782.25	732.8
Construction In Progress	-	20.06	37.76	13.62	34.41	27.45

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