SHE:200011 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	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	2,043	1,678	2,749	1,518	2,281	4,206
Cash & Short-Term Investments	2,344	1,678	2,749	1,518	2,281	4,206
Cash Growth	100.18%	-38.95%	81.14%	-33.47%	-45.78%	27.54%
Accounts Receivable	603.62	476.48	503.65	421.03	294.19	187.7
Other Receivables	272.06	273.33	624.4	639.91	926.72	789.05
Receivables	875.68	749.82	1,128	1,061	1,221	976.75
Inventory	10,823	10,685	11,098	10,975	9,125	5,312
Prepaid Expenses	-	3.8	2.9	1.98	33.19	29.82
Other Current Assets	208.44	185.88	136.85	164.01	96.42	69.72
Total Current Assets	14,251	13,303	15,115	13,720	12,756	10,595
Property, Plant & Equipment	70.2	69.68	89.95	152.91	185.63	116.23
Long-Term Investments	269.42	268.77	84.69	80.67	51.36	46.76
Goodwill	9.45	9.45	9.45	9.45	9.45	-
Other Intangible Assets	0.34	0.47	0.89	1.27	1.75	0.48
Long-Term Accounts Receivable	-	-	-	22.65	23.83	-
Long-Term Deferred Tax Assets	283.56	1,232	1,276	1,408	1,280	950.68
Long-Term Deferred Charges	16.73	22.11	21.51	21.98	22.75	11.86
Other Long-Term Assets	403.4	387.91	390.32	408.51	504.78	486.3
Total Assets	15,304	15,293	16,988	15,825	14,836	12,207
Accounts Payable	670.21	1,043	662.87	608.28	351.89	468.27
Accrued Expenses	149.66	3,554	4,351	4,321	3,622	2,305
Short-Term Debt	855.44	190.17	230.92	-	-	-
Current Portion of Long-Term Debt	932.61	498.26	3,076	196.65	68.98	36.72
Current Portion of Leases	-	8.44	16.33	22.21	14.94	-
Current Income Taxes Payable	52.48	21.59	91.04	57.1	89.59	448.11
Current Unearned Revenue	653.8	337.91	822.69	923.09	1,376	667.37
Other Current Liabilities	1,318	1,111	1,089	1,378	940.38	802.05
Total Current Liabilities	4,632	6,765	10,340	7,506	6,464	4,727
Long-Term Debt	6,861	4,755	1,400	3,619	3,525	3,588
Long-Term Leases	415.19	410.84	410.68	77.96	83.08	-
Long-Term Deferred Tax Liabilities	6.67	4.1	5.86	22.98	0.31	0
Other Long-Term Liabilities	133.57	127.85	127.69	128.78	127.49	111.18
Total Liabilities	12,048	12,063	12,284	11,354	10,199	8,426
Common Stock	595.98	595.98	595.98	595.98	595.98	595.98
Retained Earnings	2,720	2,687	3,989	3,742	3,848	3,058
Comprehensive Income & Other	77.38	78.29	77.14	76.63	146.17	73.74
Total Common Equity	3,394	3,362	4,662	4,414	4,590	3,728
Minority Interest	-137.66	-131.25	41.91	56.32	46.82	53.2
Shareholders' Equity	3,256	3,230	4,704	4,471	4,637	3,781
Total Liabilities & Equity	15,304	15,293	16,988	15,825	14,836	12,207
Total Debt	9,064	5,863	5,134	3,916	3,692	3,625
Net Cash (Debt)	-6,720	-4,185	-2,385	-2,398	-1,411	581.74
Net Cash Growth	-	-	-	-	-	-47.12%
Net Cash Per Share	-11.29	-7.02	-4.00	-4.02	-2.37	0.98
Filing Date Shares Outstanding	595.98	595.98	595.98	595.98	595.98	595.98
Total Common Shares Outstanding	595.98	595.98	595.98	595.98	595.98	595.98
Working Capital	9,619	6,538	4,775	6,214	6,293	5,868
Book Value Per Share	5.69	5.64	7.82	7.41	7.70	6.26
Tangible Book Value	3,384	3,352	4,651	4,404	4,579	3,727
Tangible Book Value Per Share	5.68	5.62	7.80	7.39	7.68	6.25
Buildings	-	119.19	124.43	129.86	170.77	160.93
Machinery	-	85.63	84.05	82.92	83.15	62.36

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