SHE:200512 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	359.65	444.38	567.16	576.87	779.4	707.79
Short-Term Investments	446.16	596.91	444.82	418.81	274.97	12.05
Trading Asset Securities	-	50.94	470.01	569.49	420.72	720.82
Cash & Short-Term Investments	805.81	1,092	1,482	1,565	1,475	1,441
Cash Growth	33.05%	-26.30%	-5.31%	6.11%	2.39%	26.67%
Accounts Receivable	213.38	203.96	196.96	95.95	258.13	431.01
Other Receivables	22.64	36.59	38.58	25.47	17.17	30.7
Receivables	236.02	240.55	235.54	121.42	275.3	461.71
Inventory	183.71	194.4	192.41	180.07	252.43	255.05
Other Current Assets	352.25	4.32	4.55	4.05	18.33	10.44
Total Current Assets	1,578	1,531	1,914	1,871	2,021	2,168
Property, Plant & Equipment	511.91	504.2	527.43	676.24	695.82	165.07
Long-Term Investments	322.14	540.57	100.12	0.04	0.04	0.04
Other Intangible Assets	11.07	11.95	13.48	17.97	24.28	29.35
Long-Term Deferred Tax Assets	13.92	11.87	8.38	13.68	12.7	15.59
Long-Term Deferred Charges	3.83	-	-	8.95	9.91	6.83
Other Long-Term Assets	28.9	34.96	26.37	19.96	21.98	23.3
Total Assets	2,470	2,635	2,590	2,608	2,786	2,408
Accounts Payable	409.15	536.74	501.01	401.59	645.28	882.48
Accrued Expenses	54.43	82.62	71.25	61.52	72.41	54.38
Short-Term Debt	-	-	-	-	-	16.35
Current Portion of Leases	0.71	0.92	0.88	9.49	10.15	-
Current Income Taxes Payable	6.92	13.51	54.38	35.27	42.81	16.32
Current Unearned Revenue	20.46	16.3	16.49	21.52	24.03	25.61
Other Current Liabilities	31.64	19.94	19.71	28.77	31.21	60.45
Total Current Liabilities	523.31	670.03	663.72	558.17	825.89	1,056
Long-Term Leases	397.45	396	392.17	534.85	542.51	-
Pension & Post-Retirement Benefits	-	-	-	-	0.35	0.31
Long-Term Deferred Tax Liabilities	-	-	-	24.23	21.95	51.43
Other Long-Term Liabilities	-	-	-	0.48	-	-
Total Liabilities	920.76	1,066	1,056	1,118	1,391	1,107
Common Stock	185.39	185.39	185.39	185.39	185.39	185.39
Additional Paid-In Capital	296.81	210.05	210.05	210.05	210.05	210.05
Retained Earnings	598.89	608.95	582.51	550.19	474.45	380.01
Comprehensive Income & Other	9.82	98.02	96.99	94.89	86.44	88.59
Total Common Equity	1,091	1,102	1,075	1,041	956.33	864.03
Minority Interest	457.89	466.62	459.44	449.29	438.87	436.69
Shareholders' Equity	1,549	1,569	1,534	1,490	1,395	1,301
Total Liabilities & Equity	2,470	2,635	2,590	2,608	2,786	2,408
Total Debt	398.16	396.93	393.05	544.34	552.66	16.35
Net Cash (Debt)	407.65	695.3	1,089	1,021	922.44	1,424
Net Cash Growth	91.81%	-36.15%	6.67%	10.67%	-35.24%	25.23%
Net Cash Per Share	2.24	3.75	5.87	5.52	4.98	7.66
Filing Date Shares Outstanding	185.39	185.39	185.39	185.39	185.39	185.39
Total Common Shares Outstanding	185.39	185.39	185.39	185.39	185.39	185.39
Working Capital	1,054	861.47	1,251	1,313	1,195	1,112
Book Value Per Share	5.88	5.95	5.80	5.61	5.16	4.66
Tangible Book Value	1,080	1,090	1,061	1,023	932.05	834.68
Tangible Book Value Per Share	5.82	5.88	5.73	5.52	5.03	4.50
Buildings	-	89.81	104.19	103.41	100.28	93.65
Machinery	-	993.76	972.75	967.21	940.62	1,010
Construction In Progress	-	3.46	1.77	2.66	1.1	0.73
Leasehold Improvements	-	20.75	19.21	49.75	50.19	57.02

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