SHE:002321 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	314.18	274.75	241.53	341.82	919.82	234.7
Short-Term Investments	-	-	-	-	-	9
Trading Asset Securities	1.05	1.04	-	33.21	-	-
Cash & Short-Term Investments	315.23	275.78	241.53	375.03	919.82	243.7
Cash Growth	22.30%	14.18%	-35.60%	-59.23%	277.44%	-82.21%
Accounts Receivable	988.47	538.33	482.37	536.9	440.23	457.72
Other Receivables	87.34	83.75	95.9	106.38	182.91	1,348
Receivables	1,076	622.08	578.27	643.28	623.14	1,806
Inventory	573.01	984.61	744.37	612.43	420.17	435.5
Prepaid Expenses	-	3.51	7.68	0.16	0.16	0.16
Other Current Assets	359	91.24	311.7	87.37	533.76	276.58
Total Current Assets	2,323	1,977	1,884	1,718	2,497	2,762
Property, Plant & Equipment	1,032	1,086	1,344	1,433	1,476	2,099
Long-Term Investments	37.73	56.37	40.28	44.33	25.86	185.21
Goodwill	112.2	112.2	112.2	112.2	112.2	112.2
Other Intangible Assets	159.47	163.83	179.93	180.88	186.85	1,422
Long-Term Deferred Tax Assets	13.07	11.6	13.99	15.27	16.03	11.12
Long-Term Deferred Charges	0.76	0.75	0.3	0.47	-	0.26
Other Long-Term Assets	272.24	282.96	104.38	24.74	32.28	582.83
Total Assets	3,950	3,691	3,679	3,530	4,346	7,174
Accounts Payable	662.17	249.48	264.54	305.59	408.66	860.75
Accrued Expenses	32.45	50.78	62.32	62.87	281.64	222.16
Short-Term Debt	459.95	325.07	218.02	151.1	15	1,744
Current Portion of Long-Term Debt	10.34	81.27	0.9	-	28.5	-
Current Portion of Leases	-	4.51	8.96	15.74	11.21	-
Current Income Taxes Payable	22.83	13.44	14.85	13.37	13.26	17.12
Current Unearned Revenue	85.71	136.21	85.61	116.63	155.83	154.18
Other Current Liabilities	258.28	395.06	505.49	373.54	840.88	1,944
Total Current Liabilities	1,532	1,256	1,161	1,039	1,755	4,942
Long-Term Debt	13.82	7.81	89.11	80	-	194.55
Long-Term Leases	52.4	54.75	82.28	81.63	74.32	-
Long-Term Unearned Revenue	46.84	51.53	56.15	56.69	59.97	40.53
Other Long-Term Liabilities	861.48	884.78	895.01	910.71	984.58	192.71
Total Liabilities	2,506	2,255	2,283	2,168	2,874	5,370
Common Stock	2,133	2,133	2,133	2,133	2,133	534.29
Additional Paid-In Capital	2,835	2,835	2,841	2,844	2,305	1,615
Retained Earnings	-3,949	-3,917	-3,949	-3,917	-3,320	-782.35
Treasury Stock	-51	-51	-	-	-	-
Comprehensive Income & Other	-38.64	-38.64	-38.64	-38.64	-	-
Total Common Equity	929.1	961.33	986.79	1,022	1,117	1,367
Minority Interest	514.95	474.91	408.99	340.12	355.44	437.96
Shareholders' Equity	1,444	1,436	1,396	1,362	1,472	1,805
Total Liabilities & Equity	3,950	3,691	3,679	3,530	4,346	7,174
Total Debt	536.51	473.42	399.26	328.46	129.03	1,939
Net Cash (Debt)	-221.28	-197.64	-157.73	46.57	790.79	-1,695
Net Cash Growth	-	-	-	-94.11%	-	-
Net Cash Per Share	-0.14	-0.12	-0.07	0.02	1.43	-3.17
Filing Date Shares Outstanding	2,104	2,104	2,133	2,133	2,133	534.29
Total Common Shares Outstanding	2,104	2,104	2,133	2,133	2,133	534.29
Working Capital	791.33	721.39	722.87	679.44	742.07	-2,180
Book Value Per Share	0.44	0.46	0.46	0.48	0.52	2.56
Tangible Book Value	657.43	685.3	694.66	728.45	817.99	-167.46
Tangible Book Value Per Share	0.31	0.33	0.33	0.34	0.38	-0.31
Buildings	-	1,470	1,687	1,712	1,730	2,312
Machinery	-	556.11	550.69	521.88	513.86	669.59
Construction In Progress	-	0.65	8.7	7.92	9.44	36.99

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