SHE:002348 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	19.66	32.41	18.32	10.21	17.41	45.72
Trading Asset Securities	-	0.63	-	-	0.84	10.8
Cash & Short-Term Investments	19.66	33.04	18.32	10.21	18.26	56.52
Cash Growth	-6.71%	80.33%	79.41%	-44.06%	-67.70%	2.98%
Accounts Receivable	161.64	159.45	141.61	158.95	219.34	302.74
Other Receivables	6.69	3.79	1.91	1.43	2.23	2.17
Receivables	168.33	163.24	143.52	160.38	221.56	304.91
Inventory	43.2	28.06	51.74	62.51	79.45	102.62
Prepaid Expenses	-	1.27	0.7	0.01	-	-
Other Current Assets	6.81	5.68	6.4	10.97	19.66	37.62
Total Current Assets	238	231.28	220.68	244.08	338.93	501.67
Property, Plant & Equipment	441.51	461.23	490.06	518.93	545.7	608.16
Other Intangible Assets	29.51	31.07	33.71	37.55	40.72	45.49
Long-Term Accounts Receivable	-	-	-	-	-	3.24
Long-Term Deferred Tax Assets	4.31	4.32	2.25	0.3	0.31	0.26
Long-Term Deferred Charges	2.29	2.34	2.74	2.42	2.96	2.7
Total Assets	715.63	730.24	749.44	803.28	928.61	1,162
Accounts Payable	58.1	70.91	69.79	81.14	93.74	73.38
Accrued Expenses	4.13	9.94	8.3	7.3	8.88	15.68
Short-Term Debt	160.63	156.38	72	35.05	28.69	122.8
Current Portion of Long-Term Debt	19.34	0.82	36.9	36.25	16.54	48.41
Current Portion of Leases	-	1.2	1.15	0.68	0.64	-
Current Income Taxes Payable	3.88	0.01	0.02	-	0.62	1.71
Current Unearned Revenue	5.32	4.93	8.87	12.44	32.97	32.81
Other Current Liabilities	0.32	0.38	0.65	0.54	0.63	2.24
Total Current Liabilities	251.72	244.57	197.68	173.4	182.71	297.03
Long-Term Debt	-	18	26.08	43.28	79.28	48
Long-Term Leases	-	0.49	1.75	0.76	1.43	-
Long-Term Unearned Revenue	8.82	9.3	9.95	10.61	11.26	13.13
Long-Term Deferred Tax Liabilities	-	-	-	-	0.01	-
Other Long-Term Liabilities	9.69	-	-	-	-	1.55
Total Liabilities	270.24	272.36	235.47	228.04	274.69	359.72
Common Stock	947.2	947.2	947.2	947.2	947.2	947.2
Additional Paid-In Capital	9.91	9.91	9.91	9.91	9.91	9.91
Retained Earnings	-516.29	-504.62	-447.32	-385.34	-301.72	-193.06
Comprehensive Income & Other	4.4	5.2	4.05	3.15	-1.78	-0.28
Total Common Equity	445.22	457.69	513.83	574.92	653.61	763.77
Minority Interest	0.17	0.19	0.13	0.32	0.31	38.03
Shareholders' Equity	445.39	457.88	513.96	575.24	653.92	801.8
Total Liabilities & Equity	715.63	730.24	749.44	803.28	928.61	1,162
Total Debt	179.97	176.9	137.89	116.02	126.59	219.21
Net Cash (Debt)	-160.32	-143.86	-119.57	-105.81	-108.34	-162.69
Net Cash Per Share	-0.17	-0.15	-0.13	-0.11	-0.11	-0.17
Filing Date Shares Outstanding	947.2	947.2	947.2	947.2	947.2	947.2
Total Common Shares Outstanding	947.2	947.2	947.2	947.2	947.2	947.2
Working Capital	-13.72	-13.29	22.99	70.68	156.22	204.64
Book Value Per Share	0.47	0.48	0.54	0.61	0.69	0.81
Tangible Book Value	415.71	426.62	480.12	537.36	612.89	718.28
Tangible Book Value Per Share	0.44	0.45	0.51	0.57	0.65	0.76
Buildings	-	537.21	540.58	539.69	534.93	536.44
Machinery	-	261.57	254.49	252.95	241.57	349.43
Construction In Progress	-	1.5	0.68	1.78	5.23	1.81

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