SHE:002999 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	659.02	1,443	724.65	957.96	1,228	1,092
Cash & Short-Term Investments	659.02	1,443	724.65	957.96	1,228	1,092
Cash Growth	22.21%	99.19%	-24.36%	-21.99%	12.49%	95.24%
Accounts Receivable	948.02	497.63	393.67	191.83	78.45	95.58
Other Receivables	26.29	22.41	15.51	33.09	19.86	14.25
Receivables	974.31	520.04	409.19	224.92	98.31	109.83
Inventory	2,470	3,135	2,501	2,179	1,988	1,634
Other Current Assets	1,340	1,449	1,786	1,882	1,260	1,386
Total Current Assets	5,443	6,548	5,422	5,245	4,575	4,222
Property, Plant & Equipment	1,433	1,306	1,057	867.44	725.1	418.28
Long-Term Investments	59.39	56.4	56.73	88.86	96.42	81.46
Goodwill	32.86	32.86	32.86	32.86	32.86	32.86
Other Intangible Assets	176.04	178.98	185.56	192.79	201.33	210.28
Long-Term Deferred Tax Assets	95.43	76.11	70.49	57.4	41.03	22.67
Long-Term Deferred Charges	23.83	18.86	19.95	19.58	10.53	8.15
Other Long-Term Assets	7.69	30.06	29.86	140.01	52.62	95.95
Total Assets	7,271	8,247	6,874	6,643	5,735	5,091
Accounts Payable	1,462	2,547	2,826	2,377	2,162	1,944
Accrued Expenses	77.75	97.77	142.71	207.13	192.75	155.85
Short-Term Debt	2,353	1,876	533.05	410.23	383.73	801.59
Current Portion of Long-Term Debt	21.98	4.6	3.88	4.09	4.55	-
Current Portion of Leases	-	20.98	12.31	8.23	9.97	-
Current Income Taxes Payable	42.59	23.2	60.56	48.61	36.6	18.12
Current Unearned Revenue	547.42	1,010	1,043	1,328	764.14	497.5
Other Current Liabilities	84.15	97.47	105.75	132.31	76.83	106.22
Total Current Liabilities	4,589	5,678	4,726	4,516	3,631	3,524
Long-Term Debt	786	679.12	596	596	696	310
Long-Term Leases	35.4	46.3	31.86	27.64	29.27	-
Long-Term Unearned Revenue	172.18	123.72	56.43	54.97	25.43	28.58
Long-Term Deferred Tax Liabilities	0.49	0.49	0.47	9.05	10.16	1.69
Total Liabilities	5,583	6,527	5,411	5,203	4,392	3,864
Common Stock	347.59	347.59	347.59	347.59	347.59	248.28
Additional Paid-In Capital	318.58	323.08	321.36	321.71	322.57	422.01
Retained Earnings	531.85	539.54	559	493.6	422.3	361.52
Comprehensive Income & Other	0.59	0.65	0.81	0.8	-1.51	-2.12
Total Common Equity	1,199	1,211	1,229	1,164	1,091	1,030
Minority Interest	489.21	508.84	234.22	276.52	252.03	197.67
Shareholders' Equity	1,688	1,720	1,463	1,440	1,343	1,227
Total Liabilities & Equity	7,271	8,247	6,874	6,643	5,735	5,091
Total Debt	3,196	2,627	1,177	1,046	1,124	1,112
Net Cash (Debt)	-2,537	-1,184	-452.45	-88.23	104.5	-19.9
Net Cash Per Share	-6.82	-3.19	-1.31	-0.26	0.30	-0.07
Filing Date Shares Outstanding	347.59	347.59	347.59	347.59	347.59	347.59
Total Common Shares Outstanding	347.59	347.59	347.59	347.59	347.59	347.59
Working Capital	853.81	870	695.19	728.94	943.95	697.97
Book Value Per Share	3.45	3.48	3.54	3.35	3.14	2.96
Tangible Book Value	989.7	999.02	1,010	938.05	856.75	786.54
Tangible Book Value Per Share	2.85	2.87	2.91	2.70	2.46	2.26
Buildings	-	660.77	509.1	506.14	215.42	186.13
Machinery	-	211.28	191.93	169.1	136.87	120.24
Construction In Progress	-	558.66	502.14	314.5	470.52	231.45

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