SHE:003039 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	895.96	615.38	837.83	972.1	826.38	722.57
Accounts Receivable	1,161	955.1	332.05	131.53	137.37	113.05
Other Receivables	112.63	76.88	70.23	46.01	30.89	24.36
Inventory	111.89	103.24	63.08	66.82	50.76	43.68
Prepaid Expenses	-	11.7	0.07	5.54	8.28	10.5
Other Current Assets	87.87	80.76	53.37	10.45	32.93	61.53
Total Current Assets	2,369	1,843	1,357	1,232	1,087	975.69
Property, Plant & Equipment	2,114	2,096	1,753	1,694	1,586	1,420
Goodwill	83.97	83.97	48.08	37.49	37.49	37.49
Other Intangible Assets	2,902	2,941	2,045	1,546	1,630	1,565
Long-Term Investments	43	27.98	29.38	20.97	12.34	12.1
Long-Term Deferred Tax Assets	99.4	80.53	59.85	52.42	42.58	40.98
Long-Term Deferred Charges	8.4	9.89	11.85	12.54	14.23	7.2
Other Long-Term Assets	125.32	124.24	19.15	12.31	13.42	11.09
Total Assets	7,746	7,207	5,323	4,609	4,422	4,070
Accounts Payable	228.59	217.67	89.71	74.42	44.87	40.78
Accrued Expenses	64.94	106.98	91.64	61.28	54.7	74.89
Short-Term Debt	525.87	529.78	222.61	200.24	175.17	260
Current Portion of Long-Term Debt	547.66	178.51	172.07	114.37	110	18
Current Unearned Revenue	11.95	16.75	23.73	22.98	15.51	2.04
Current Portion of Leases	-	8.63	6.86	6.01	5.57	-
Current Income Taxes Payable	66.98	14.6	24.87	14.42	9.47	15.06
Other Current Liabilities	529.9	573.46	518.32	484.87	612.81	668.35
Total Current Liabilities	1,976	1,646	1,150	978.59	1,028	1,079
Long-Term Debt	1,693	1,586	602.34	370	384.31	630
Long-Term Leases	20.24	25.68	30.89	35.71	41.68	-
Long-Term Unearned Revenue	9.96	3.47	0.61	0.76	0.89	1.05
Long-Term Deferred Tax Liabilities	112.26	123.09	16.11	10.92	0.87	0.77
Other Long-Term Liabilities	155.57	162.56	146.49	136.88	127.29	97.2
Total Liabilities	3,967	3,547	1,946	1,533	1,583	1,808
Common Stock	617.52	617.52	617.52	617.52	617.52	555.52
Additional Paid-In Capital	549.18	549.18	549.48	549.48	549.48	297.66
Retained Earnings	1,638	1,559	1,397	1,222	1,062	865.22
Comprehensive Income & Other	8.84	8.74	10.77	11.52	10.27	12.04
Total Common Equity	2,813	2,734	2,575	2,401	2,239	1,730
Minority Interest	965.89	925.64	802	674.9	599.92	530.92
Shareholders' Equity	3,779	3,660	3,377	3,076	2,839	2,261
Total Liabilities & Equity	7,746	7,207	5,323	4,609	4,422	4,070
Total Debt	2,786	2,328	1,035	726.33	716.72	908
Net Cash (Debt)	-1,890	-1,713	-196.95	245.78	109.66	-185.43
Net Cash Growth	-	-	-	124.12%	-	-
Net Cash Per Share	-3.06	-2.77	-0.32	0.40	0.18	-0.33
Filing Date Shares Outstanding	617.52	617.52	617.52	617.52	617.52	617.52
Total Common Shares Outstanding	617.52	617.52	617.52	617.52	617.52	555.52
Working Capital	393.58	196.69	206.82	253.85	58.53	-103.44
Book Value Per Share	4.56	4.43	4.17	3.89	3.63	3.12
Tangible Book Value	-172.67	-291.09	481.66	817.28	571.79	128.23
Tangible Book Value Per Share	-0.28	-0.47	0.78	1.32	0.93	0.23
Buildings	-	774.69	561.33	543.49	515.06	522.31
Machinery	-	3,726	3,317	3,073	2,885	2,614
Construction In Progress	-	209.17	113.76	152.1	127.11	160.84

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