SHE:002524 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	48.39	67.69	91.06	65.41	58.32	150.81
Trading Asset Securities	-	-	-	-	31	-
Cash & Short-Term Investments	48.39	67.69	91.06	65.41	89.32	150.81
Cash Growth	-22.30%	-25.67%	39.22%	-26.77%	-40.77%	-38.41%
Accounts Receivable	129.28	110.77	148.39	100.91	126.12	127.34
Other Receivables	30.52	36.03	30.29	32.63	52.96	33.02
Receivables	159.8	146.8	178.68	133.54	179.09	160.35
Inventory	33.71	26.38	29.62	57.34	53.23	70.68
Other Current Assets	20.87	20.37	17.1	13.21	18.9	18.5
Total Current Assets	262.78	261.23	316.47	269.49	340.54	400.34
Property, Plant & Equipment	506.15	540.54	619.65	687.6	744.15	314.04
Long-Term Investments	14.34	16.44	19.14	26.03	38.19	40.49
Goodwill	242.63	242.63	377.26	378.52	517.15	512.23
Other Intangible Assets	26.86	27.88	39.98	36.99	55.66	103.96
Long-Term Deferred Tax Assets	44.09	42.91	49.68	40.62	40.52	46.41
Long-Term Deferred Charges	35	40.55	50.49	50.12	55.66	40.82
Other Long-Term Assets	81.71	85.98	76.7	68.07	36.97	31.96
Total Assets	1,214	1,258	1,549	1,557	1,829	1,490
Accounts Payable	203.61	195.78	261.27	275.5	269.84	257.23
Accrued Expenses	20.04	37.55	37.84	50.73	32.74	31.3
Short-Term Debt	291.57	273	263.6	200.28	172.23	120
Current Portion of Long-Term Debt	152.09	11.1	8.66	30.05	50.13	80
Current Portion of Leases	-	93.2	110.9	130.49	66.63	-
Current Income Taxes Payable	12.8	4.84	7.4	3.47	7.62	6.24
Current Unearned Revenue	5.3	8.86	10.26	69.45	10.74	9.67
Other Current Liabilities	43.38	53.07	55.89	54.12	370.3	382.71
Total Current Liabilities	728.78	677.41	755.82	814.1	980.23	887.14
Long-Term Debt	3.63	65.13	76.58	0.55	30	260
Long-Term Leases	352.86	397.75	430.52	466.05	475.75	-
Long-Term Unearned Revenue	0.11	0.24	-	-	-	4.56
Long-Term Deferred Tax Liabilities	0.47	0.34	0.54	1.16	1.5	1.61
Other Long-Term Liabilities	1.02	-	-	0.83	-	-
Total Liabilities	1,087	1,141	1,263	1,283	1,487	1,153
Common Stock	518.47	518.47	517.97	515.37	516.37	517.24
Additional Paid-In Capital	74.32	71.7	66.18	94.26	96.83	99.41
Retained Earnings	-453.06	-453.23	-276.63	-285.27	-207.05	-243.98
Treasury Stock	-28.76	-35.22	-36.22	-65.54	-79.09	-61.29
Comprehensive Income & Other	10.97	10.98	11.96	14.24	13.5	13.59
Total Common Equity	121.95	112.7	283.26	273.06	340.55	324.98
Minority Interest	4.75	4.6	2.64	1.72	0.83	11.94
Shareholders' Equity	126.7	117.3	285.9	274.78	341.38	336.93
Total Liabilities & Equity	1,214	1,258	1,549	1,557	1,829	1,490
Total Debt	800.15	840.18	890.26	827.42	794.74	460
Net Cash (Debt)	-751.76	-772.49	-799.19	-762.01	-705.41	-309.19
Net Cash Per Share	-	-1.50	-1.73	-1.46	-1.36	-0.60
Filing Date Shares Outstanding	-	494.1	285.63	560.19	512.37	517.24
Total Common Shares Outstanding	-	494.1	285.63	560.19	512.37	517.24
Working Capital	-466	-416.17	-439.35	-544.6	-639.68	-486.8
Book Value Per Share	-	0.23	0.99	0.49	0.66	0.63
Tangible Book Value	-147.54	-157.81	-133.98	-142.46	-232.26	-291.21
Tangible Book Value Per Share	-	-0.32	-0.47	-0.25	-0.45	-0.56
Buildings	-	71.63	72.46	99.92	164.22	263.22
Machinery	-	427.08	418.23	405.44	399.29	396.08
Construction In Progress	-	20.66	38.13	34.26	23.57	33.48

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