SHE:002134 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	141.72	135.23	140.89	88.15	157.01	98.01
Trading Asset Securities	-	-	-	-	0.03	-
Cash & Short-Term Investments	141.72	135.23	140.89	88.15	157.04	98.01
Cash Growth	8.58%	-4.02%	59.82%	-43.87%	60.23%	12.83%
Accounts Receivable	485.02	396.05	330.54	187.32	224.86	170.02
Other Receivables	11.01	2.86	3.04	1.08	7.32	1.27
Receivables	496.02	398.91	333.58	188.4	232.19	171.29
Inventory	173.23	154.57	119.16	75.39	93.39	55.12
Other Current Assets	45.11	39.13	13.8	3.5	3.2	5.15
Total Current Assets	856.08	727.84	607.44	355.44	485.82	329.58
Property, Plant & Equipment	1,030	996.9	650.53	358.72	275.16	245.16
Long-Term Investments	6.65	7.43	8.08	9.57	9.06	8.4
Goodwill	131.48	131.48	131.48	-	-	-
Other Intangible Assets	70.48	78.15	82.01	15.37	10.23	9.81
Long-Term Deferred Tax Assets	3.9	4.74	-	0.75	1.07	0.81
Long-Term Deferred Charges	0.64	1.19	-	-	-	-
Other Long-Term Assets	9.79	7.03	23.02	20.31	6.58	1.3
Total Assets	2,109	1,955	1,503	760.16	787.91	595.06
Accounts Payable	611.08	605.1	452.67	273.16	323.01	142.36
Accrued Expenses	22.16	34.36	47.78	7.98	10.48	7.61
Short-Term Debt	-	12.4	25.62	-	-	25.03
Current Portion of Long-Term Debt	50.31	60.38	8.4	0.01	-	-
Current Portion of Leases	-	2.44	4.75	-	-	-
Current Income Taxes Payable	3.46	2.4	3.02	-	0.04	0.03
Current Unearned Revenue	3.66	2.21	2.86	3	1.77	1.11
Other Current Liabilities	28.33	16.83	29.52	10.26	16.84	10.44
Total Current Liabilities	718.99	736.13	574.61	294.43	352.14	186.57
Long-Term Debt	575.19	433.19	160.26	15.21	-	-
Long-Term Leases	6.35	8.17	18.04	-	-	-
Long-Term Unearned Revenue	18.78	10.15	7.45	8.08	9.21	10.35
Long-Term Deferred Tax Liabilities	8.01	8.97	10.69	0.22	0.2	0.04
Other Long-Term Liabilities	-	-	-	0.04	0.32	0.05
Total Liabilities	1,327	1,197	771.06	317.97	361.87	197.01
Common Stock	245.85	245.85	245.85	245.85	245.85	245.85
Additional Paid-In Capital	302.29	297.92	302.27	302.27	302.27	302.27
Retained Earnings	-31.76	-46.87	-80.74	-107.16	-123.22	-150.15
Treasury Stock	-9.01	-16.5	-16.5	-	-	-
Comprehensive Income & Other	0.6	0.6	0.6	1.23	1.14	0.23
Total Common Equity	507.98	480.99	451.48	442.19	426.04	398.2
Minority Interest	274.1	277.17	280.02	-	-	-0.15
Shareholders' Equity	782.08	758.16	731.51	442.19	426.04	398.06
Total Liabilities & Equity	2,109	1,955	1,503	760.16	787.91	595.06
Total Debt	631.85	516.58	217.06	15.22	-	25.03
Net Cash (Debt)	-490.13	-381.36	-76.17	72.93	157.04	72.99
Net Cash Growth	-	-	-	-53.56%	115.17%	-15.98%
Net Cash Per Share	-2.07	-1.69	-0.32	0.32	0.64	0.34
Filing Date Shares Outstanding	307.81	244.18	244.18	245.85	245.85	245.85
Total Common Shares Outstanding	307.81	244.18	244.18	245.85	245.85	245.85
Working Capital	137.09	-8.3	32.82	61.01	133.67	143.01
Book Value Per Share	1.65	1.97	1.85	1.80	1.73	1.62
Tangible Book Value	306.02	271.36	237.99	426.82	415.81	388.39
Tangible Book Value Per Share	0.99	1.11	0.97	1.74	1.69	1.58
Buildings	-	701.19	170.52	163.63	163.63	163.62
Machinery	-	700.56	545.79	414.8	527.44	527.96
Construction In Progress	-	74.46	378.98	168.13	92.93	81.9

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