SHE:002848 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	8.24	25.84	18.42	13.82	21.65	62.78
Cash & Short-Term Investments	8.24	25.84	18.42	13.82	21.65	62.78
Cash Growth	659.89%	40.29%	33.26%	-36.15%	-65.52%	88.63%
Accounts Receivable	146.47	121.7	171.17	175.41	217.58	298.07
Other Receivables	5	3.91	3.95	44.69	13.22	14.42
Receivables	151.47	125.61	175.12	220.1	230.8	312.49
Inventory	38.97	32.45	46.35	139.63	158.11	138.61
Prepaid Expenses	-	-	0.05	0.29	0.11	-
Other Current Assets	30.53	9.87	14.21	14.78	19.12	7.65
Total Current Assets	229.21	193.77	254.15	388.63	429.8	521.53
Property, Plant & Equipment	99.38	110.37	126.21	140.32	189.11	148.87
Long-Term Investments	2.83	2.83	2.99	3.13	3.3	-
Other Intangible Assets	12.69	13.12	14.57	17.23	21.02	24.11
Long-Term Accounts Receivable	-	0.14	2.84	7.15	12.43	34.73
Long-Term Deferred Tax Assets	-	-	33.51	33.52	36.09	40.68
Long-Term Deferred Charges	-	-	-	0.57	2.05	2.05
Other Long-Term Assets	92.97	96.19	0.89	2.04	2.31	28.15
Total Assets	437.08	416.41	435.17	592.59	696.1	800.11
Accounts Payable	129.97	103.6	105.94	110.61	205.83	256.46
Accrued Expenses	13.77	47.92	45.05	35.64	28.62	32.8
Short-Term Debt	44.29	67.78	98.23	135.88	131.32	102.94
Current Portion of Long-Term Debt	-	-	0.32	-	0.29	0.29
Current Portion of Leases	-	1.31	1.9	13.23	22.11	-
Current Income Taxes Payable	1.79	-	0.02	0.02	-	0.03
Current Unearned Revenue	20.6	15.12	23.2	52.16	29.74	29.82
Other Current Liabilities	88.72	7.51	10.68	10.26	7.26	9.29
Total Current Liabilities	299.14	243.25	285.35	357.81	425.16	431.63
Long-Term Debt	17.9	18	0.23	-	0.23	0.52
Long-Term Leases	0.53	-	3.01	2.41	30.57	-
Long-Term Unearned Revenue	3.83	5.33	7.33	9.52	12.06	14.73
Long-Term Deferred Tax Liabilities	0.25	0.26	0.26	0.26	0.26	0.27
Total Liabilities	321.64	266.84	296.17	370	468.29	447.16
Common Stock	167.15	167.15	167.15	167.15	167.15	167.15
Additional Paid-In Capital	391.34	383.43	241.7	241.7	241.7	241.7
Retained Earnings	-441.88	-399.85	-268.95	-186.84	-181.44	-56.28
Comprehensive Income & Other	-1.19	-1.2	-1.04	-0.88	-0.74	-0.28
Total Common Equity	115.42	149.52	138.86	221.13	226.67	352.29
Minority Interest	0.02	0.06	0.15	1.45	1.14	0.66
Shareholders' Equity	115.44	149.57	139	222.58	227.81	352.95
Total Liabilities & Equity	437.08	416.41	435.17	592.59	696.1	800.11
Total Debt	62.71	87.1	103.69	151.52	184.52	103.75
Net Cash (Debt)	-54.47	-61.26	-85.27	-137.7	-162.87	-40.97
Net Cash Per Share	-0.33	-0.37	-0.51	-0.75	-0.97	-0.25
Filing Date Shares Outstanding	167.15	167.15	167.15	167.15	167.15	167.15
Total Common Shares Outstanding	167.15	167.15	167.15	167.15	167.15	167.15
Working Capital	-69.93	-49.48	-31.19	30.82	4.64	89.9
Book Value Per Share	0.69	0.89	0.83	1.32	1.36	2.11
Tangible Book Value	102.73	136.4	124.29	203.9	205.65	328.19
Tangible Book Value Per Share	0.61	0.82	0.74	1.22	1.23	1.96
Buildings	-	164.98	162.46	162.46	167.36	139.25
Machinery	-	151.74	154.96	162.2	181.94	177.63
Construction In Progress	-	4.54	4.09	0.28	0.28	-

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