SHE:300011 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	299.31	310.73	291.33	296.04	245.52	343.93
Cash & Short-Term Investments	299.31	310.73	291.33	296.04	245.52	343.93
Cash Growth	15.90%	6.66%	-1.59%	20.58%	-28.61%	44.82%
Accounts Receivable	2,107	2,013	1,929	1,693	1,575	1,397
Other Receivables	26.07	22.64	23.26	47.44	58.75	31.67
Receivables	2,133	2,035	1,952	1,740	1,634	1,429
Inventory	476.07	390.34	361.97	320.1	338.18	341
Other Current Assets	32.42	21.55	38.81	42.76	44.82	45.19
Total Current Assets	2,941	2,758	2,644	2,399	2,263	2,159
Property, Plant & Equipment	401.13	419.78	408.91	441.8	491.97	476.46
Long-Term Investments	173.28	171.43	167.94	135.64	141.2	70.56
Other Intangible Assets	256.73	278.36	286.6	316.16	342.47	261.66
Long-Term Deferred Tax Assets	47.26	41.75	33.86	38.23	33.95	32.74
Long-Term Deferred Charges	112.02	103.48	111.06	103.17	114.98	189.84
Other Long-Term Assets	5.5	4.24	0.06	3.76	10.1	111.87
Total Assets	3,937	3,777	3,653	3,438	3,397	3,302
Accounts Payable	769.45	749.28	669.9	452.69	524.5	570.9
Accrued Expenses	29.63	55.23	67.59	82.62	59.22	38.21
Short-Term Debt	948.71	945.41	887.71	1,004	614.96	678.3
Current Portion of Long-Term Debt	-	62.26	124.5	204.83	161.75	-
Current Portion of Leases	184.52	7.42	5.47	4.14	9.34	-
Current Income Taxes Payable	7.16	0.71	2.1	0.05	2.38	2.52
Current Unearned Revenue	76.07	50.08	37.22	17.72	21.85	13.66
Other Current Liabilities	241.47	230.13	181.87	95.09	89.46	233.58
Total Current Liabilities	2,257	2,101	1,976	1,861	1,483	1,537
Long-Term Debt	259.1	204.6	262.4	199.28	334.82	214.28
Long-Term Leases	25.07	94.39	40.5	16.17	28.14	7.26
Long-Term Unearned Revenue	4.67	5.51	8.2	6.07	6.69	7.63
Long-Term Deferred Tax Liabilities	32.49	32.73	36.05	46.5	52.99	55.78
Other Long-Term Liabilities	3.22	3.12	1.29	2.93	4.44	5
Total Liabilities	2,582	2,441	2,325	2,132	1,911	1,827
Common Stock	558.65	558.65	558.65	558.65	558.65	558.65
Additional Paid-In Capital	1,156	1,156	1,156	1,156	1,156	1,156
Retained Earnings	-379.46	-392.27	-403.39	-421.23	-225.05	-244.98
Comprehensive Income & Other	5.97	-0.4	2.63	-0.99	-3.08	5.19
Total Common Equity	1,341	1,322	1,314	1,293	1,487	1,475
Minority Interest	13.89	13.91	13.84	13.5	-	-
Shareholders' Equity	1,355	1,336	1,328	1,306	1,487	1,475
Total Liabilities & Equity	3,937	3,777	3,653	3,438	3,397	3,302
Total Debt	1,417	1,314	1,321	1,428	1,149	899.84
Net Cash (Debt)	-1,118	-1,003	-1,029	-1,132	-903.5	-555.92
Net Cash Per Share	-2.00	-1.80	-1.84	-2.03	-1.62	-1.00
Filing Date Shares Outstanding	558.65	558.65	558.65	558.65	558.65	558.65
Total Common Shares Outstanding	558.65	558.65	558.65	558.65	558.65	558.65
Working Capital	683.89	657.39	667.93	538.34	779.16	621.89
Book Value Per Share	2.40	2.37	2.35	2.31	2.66	2.64
Tangible Book Value	1,085	1,044	1,027	976.49	1,144	1,213
Tangible Book Value Per Share	1.94	1.87	1.84	1.75	2.05	2.17
Buildings	-	432.28	430	479.54	479.54	483.51
Machinery	-	209.43	203.07	225.6	238.42	235.11
Construction In Progress	-	1.15	2.07	2	4.67	3.58

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