SHE:200706 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	83.74	239.4	210.81	330.75	286.48	194.15
Trading Asset Securities	0.25	0.22	0.21	0.24	0.32	0.23
Cash & Short-Term Investments	83.99	239.62	211.03	330.99	286.8	194.38
Cash Growth	-66.45%	13.55%	-36.24%	15.41%	47.55%	5.68%
Accounts Receivable	1,420	1,684	1,598	1,638	1,539	1,522
Other Receivables	6.91	7.96	9.4	10.56	9.53	14.2
Receivables	1,427	1,692	1,608	1,648	1,549	1,536
Inventory	696.18	688.44	651.49	646.62	710.61	615.66
Other Current Assets	64.05	64.25	64.5	68.58	51.93	78.38
Total Current Assets	2,271	2,684	2,535	2,694	2,598	2,425
Property, Plant & Equipment	428.84	472.14	486.01	473.66	464.15	498.36
Long-Term Investments	11.91	11.91	11.91	11.93	11.93	11.93
Other Intangible Assets	67.12	70.12	74.32	77.44	76.81	80.73
Long-Term Deferred Charges	6.08	6.6	4.84	0.11	0.19	0.51
Other Long-Term Assets	74.79	71.68	68.61	67.21	68.86	117.52
Total Assets	2,860	3,317	3,180	3,325	3,220	3,134
Accounts Payable	1,681	2,065	1,730	1,763	1,555	1,319
Accrued Expenses	39.98	53.98	102.4	102.32	104.28	98.87
Short-Term Debt	252	570	598	699	677	670
Current Portion of Long-Term Debt	-	98.35	-	-	-	-
Current Income Taxes Payable	9.74	-	-	-	-	0
Current Unearned Revenue	27.9	34.1	30.55	30.45	38.43	39.46
Other Current Liabilities	512.68	139.84	155.03	155.7	140.48	92.1
Total Current Liabilities	2,523	2,961	2,616	2,751	2,515	2,220
Long-Term Debt	-	-	99.45	-	-	-
Long-Term Unearned Revenue	35.87	37.72	43.1	48.32	54.13	59.94
Long-Term Deferred Tax Liabilities	0.52	0.52	0.58	0.63	0.68	0.73
Other Long-Term Liabilities	68.45	56.12	49.94	54.63	41.75	39.38
Total Liabilities	2,628	3,056	2,809	2,854	2,612	2,320
Common Stock	402.6	402.6	402.6	402.6	402.6	402.6
Additional Paid-In Capital	485.69	201.96	201.96	201.96	201.96	201.96
Retained Earnings	-659.13	-629.61	-519.4	-419.92	-280.02	-74.29
Comprehensive Income & Other	2.57	286.04	286.15	285.67	283.73	283.73
Shareholders' Equity	231.73	260.98	371.31	470.3	608.27	814
Total Liabilities & Equity	2,860	3,317	3,180	3,325	3,220	3,134
Total Debt	252	668.35	697.45	699	677	670
Net Cash (Debt)	-168.01	-428.73	-486.42	-368.01	-390.2	-475.62
Net Cash Per Share	-0.42	-1.06	-1.21	-0.91	-0.97	-1.18
Filing Date Shares Outstanding	402.6	402.6	402.6	402.6	402.6	402.6
Total Common Shares Outstanding	402.6	402.6	402.6	402.6	402.6	402.6
Working Capital	-252.16	-277.1	-81.32	-56.46	82.89	205.01
Book Value Per Share	0.58	0.65	0.92	1.17	1.51	2.02
Tangible Book Value	164.61	190.86	296.99	392.86	531.45	733.28
Tangible Book Value Per Share	0.41	0.47	0.74	0.98	1.32	1.82
Machinery	-	1,187	1,178	1,052	1,287	1,309
Construction In Progress	-	34.74	37.35	81.89	25.93	24.25

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