SHE:002172 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	460.07	521.49	707.37	984.16	982.58	1,468
Short-Term Investments	-	-	-	-	-	10
Trading Asset Securities	-	-	-	-	53.19	53.19
Cash & Short-Term Investments	460.07	521.49	707.37	984.16	1,036	1,531
Cash Growth	18.43%	-26.28%	-28.12%	-4.98%	-32.35%	92.62%
Accounts Receivable	398.7	372.76	333.42	522.86	1,460	714.2
Other Receivables	36.15	54.13	57.07	88.98	75.48	102.57
Receivables	434.85	426.89	390.5	611.84	1,536	816.77
Inventory	133.6	149.47	183.42	175.65	164.6	267.02
Prepaid Expenses	-	-	-	1.76	-	-
Other Current Assets	26.99	30.36	38.78	35.28	42.92	261.43
Total Current Assets	1,056	1,128	1,320	1,809	2,779	2,876
Property, Plant & Equipment	768.47	805.68	814.6	772.39	869.63	3,272
Long-Term Investments	13.78	14.26	0.89	6.2	10.36	14.15
Goodwill	10.09	10.09	10.09	10.09	10.09	10.09
Other Intangible Assets	61.17	63.7	66.51	70.41	67.14	164.71
Long-Term Deferred Tax Assets	13.58	13.12	12.48	12	9.4	8.51
Long-Term Deferred Charges	2.95	9.4	7.96	10.44	60.53	66.22
Other Long-Term Assets	3.3	6.59	8.79	17.82	17.11	14.32
Total Assets	1,929	2,051	2,241	2,708	3,823	6,427
Accounts Payable	638.38	567.18	676.07	894.68	1,434	2,183
Accrued Expenses	42.54	97.46	95.02	71.9	78.03	87.77
Short-Term Debt	548	704.85	1,084	1,176	1,717	1,824
Current Portion of Long-Term Debt	111.36	10.19	9.67	28.98	38.91	242.45
Current Portion of Leases	-	86.39	18.19	111.64	119.12	57.7
Current Income Taxes Payable	17.33	7.66	11.31	14.74	9.47	21.47
Current Unearned Revenue	123.8	96.44	48.79	24.04	15.2	226.99
Other Current Liabilities	153.14	156.03	103.45	178.75	42.63	79.32
Total Current Liabilities	1,635	1,726	2,046	2,501	3,455	4,723
Long-Term Debt	89.46	94.61	105.08	96.33	124.83	569.47
Long-Term Leases	47.02	106.14	2.49	52.55	179.2	116.15
Long-Term Unearned Revenue	2.77	8.83	10.3	11.68	13.12	40.96
Long-Term Deferred Tax Liabilities	0.06	0.03	0.01	0.09	-	-
Other Long-Term Liabilities	-	-	2.42	20	-	8.85
Total Liabilities	1,774	1,936	2,167	2,681	3,772	5,458
Common Stock	765.73	765.73	765.73	765.73	776.48	776.48
Additional Paid-In Capital	1,264	1,264	1,264	1,264	1,301	1,151
Retained Earnings	-1,855	-1,895	-1,936	-1,986	-1,970	-931.27
Treasury Stock	-	-	-	-	-44.18	-44.18
Comprehensive Income & Other	0.08	0.08	-	-	-	-
Total Common Equity	174.64	134.52	93.88	44.2	63.16	952.33
Minority Interest	-19.66	-19.29	-19.07	-17.4	-12.32	15.97
Shareholders' Equity	154.98	115.23	74.81	26.8	50.84	968.3
Total Liabilities & Equity	1,929	2,051	2,241	2,708	3,823	6,427
Total Debt	795.85	1,002	1,219	1,465	2,179	2,810
Net Cash (Debt)	-335.77	-480.69	-511.82	-481.21	-1,144	-1,279
Net Cash Per Share	-0.41	-0.59	-0.62	-0.63	-1.48	-1.64
Filing Date Shares Outstanding	765.73	765.73	765.73	765.73	765.73	765.73
Total Common Shares Outstanding	765.73	765.73	765.73	765.73	765.73	765.73
Working Capital	-579.04	-597.98	-726.2	-691.89	-676.26	-1,847
Book Value Per Share	0.23	0.18	0.12	0.06	0.08	1.24
Tangible Book Value	103.39	60.74	17.28	-36.29	-14.06	777.54
Tangible Book Value Per Share	0.14	0.08	0.02	-0.05	-0.02	1.02
Buildings	-	-	834.84	801.5	817	2,090
Machinery	-	-	269.88	158.75	163.22	2,506
Construction In Progress	-	-	95.1	8.97	2.06	4.98

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