SHE:002529 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	18.08	13.53	42.25	66.35	25.33	99.7
Cash & Short-Term Investments	18.08	13.53	42.25	66.35	25.33	99.7
Cash Growth	-44.94%	-67.98%	-36.32%	161.89%	-74.59%	89.65%
Accounts Receivable	127.14	119.33	158.71	242.72	153.21	142.98
Other Receivables	7.07	9.26	21.53	12.63	52.32	133.7
Receivables	134.21	128.59	180.24	255.35	205.53	276.68
Inventory	90.4	129.68	131.82	202.71	198.37	227.83
Prepaid Expenses	-	-	-	0.08	0.5	-
Other Current Assets	10.16	8.42	15.97	27.77	27.29	22.52
Total Current Assets	252.85	280.22	370.27	552.26	457.03	626.72
Property, Plant & Equipment	460.88	496.17	591.69	532.56	482.58	504.61
Long-Term Investments	1.81	1.65	1.62	1.92	8.26	23.5
Other Intangible Assets	20.24	20.76	21.77	42.65	51.34	55.52
Long-Term Accounts Receivable	-	-	-	-	-	2.5
Long-Term Deferred Tax Assets	11.58	13.63	12.75	19.53	10.92	1.46
Long-Term Deferred Charges	28.89	38.1	47.92	59.06	18.66	16.63
Other Long-Term Assets	20.01	21.26	50.3	66.17	27.93	3.35
Total Assets	796.27	871.79	1,096	1,274	1,057	1,234
Accounts Payable	255.86	197.24	223.81	186.4	100.68	154.94
Accrued Expenses	12.77	33.58	25.1	18.4	9.73	16.51
Short-Term Debt	45.44	74.38	82.36	66.1	55.4	95.63
Current Portion of Long-Term Debt	5.4	64.96	78.69	0.12	-	-
Current Portion of Leases	-	8.4	4.66	5.76	2.7	5.59
Current Income Taxes Payable	4.89	-	-	0	-	-
Current Unearned Revenue	22.9	53.85	54.69	99.84	70.88	47.36
Other Current Liabilities	123.72	68.82	101.51	169.31	51.81	47.93
Total Current Liabilities	470.97	501.22	570.81	545.94	291.2	367.97
Long-Term Debt	69.2	13.81	9.5	80	-	-
Long-Term Leases	45.61	49.93	50.43	37.32	10.22	-
Long-Term Unearned Revenue	3.66	4.31	5.18	5.75	6.68	9.4
Long-Term Deferred Tax Liabilities	9.38	11.39	10.65	8.82	3.22	-
Other Long-Term Liabilities	4.13	0.11	0.06	1.6	1	-
Total Liabilities	602.94	580.78	646.64	679.43	312.32	377.37
Common Stock	260	260	260	260	260	260
Additional Paid-In Capital	1,163	1,163	1,163	1,163	1,163	1,163
Retained Earnings	-1,230	-1,139	-979.54	-834.5	-684.88	-571.31
Comprehensive Income & Other	-	7.31	6.11	6.12	6.18	5.13
Shareholders' Equity	193.33	291.01	449.68	594.73	744.42	856.93
Total Liabilities & Equity	796.27	871.79	1,096	1,274	1,057	1,234
Total Debt	165.65	211.48	225.63	189.3	68.32	101.22
Net Cash (Debt)	-147.58	-197.96	-183.38	-122.95	-42.98	-1.52
Net Cash Per Share	-0.57	-0.76	-0.71	-0.47	-0.17	-0.01
Filing Date Shares Outstanding	260	260	260	260	260	260
Total Common Shares Outstanding	260	260	260	260	260	260
Working Capital	-218.11	-221	-200.54	6.33	165.82	258.76
Book Value Per Share	0.74	1.12	1.73	2.29	2.86	3.30
Tangible Book Value	173.09	270.25	427.91	552.08	693.07	801.42
Tangible Book Value Per Share	0.67	1.04	1.65	2.12	2.67	3.08
Buildings	-	304.4	304.4	304.4	304.09	301.26
Machinery	-	281	317.31	330.04	339.51	381.43
Construction In Progress	-	115.1	155.58	83.23	64.1	69.99

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