SHE:300120 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	775.42	836.42	1,104	496.15	291.14	325.55
Short-Term Investments	-	-	101.08	-	-	-
Cash & Short-Term Investments	775.42	836.42	1,205	496.15	291.14	325.55
Cash Growth	-21.81%	-30.61%	142.95%	70.42%	-10.57%	-37.85%
Accounts Receivable	997.46	798.48	824.32	853.04	882.84	845.97
Other Receivables	13.21	41.53	28.16	140.14	78.14	42.39
Receivables	1,011	840.01	852.48	993.18	960.98	888.36
Inventory	774.97	696.82	745.51	779.99	521.7	565.58
Prepaid Expenses	-	4.44	3.03	5.01	10.13	12.26
Other Current Assets	117.41	97.56	79.44	115.34	141.63	162.08
Total Current Assets	2,678	2,475	2,886	2,390	1,926	1,954
Property, Plant & Equipment	605.62	745.15	760.64	837.63	884.12	894.35
Long-Term Investments	571.35	495.04	208.01	168.01	170.07	175.83
Goodwill	495.73	495.73	495.73	690.34	690.34	690.34
Other Intangible Assets	91.43	131.31	204.3	217.94	223.3	233.25
Long-Term Accounts Receivable	-	-	11.02	13.79	79.7	10.82
Long-Term Deferred Tax Assets	58.3	45.06	49.37	48.97	32.63	23.52
Long-Term Deferred Charges	58.36	55.42	54.64	52.93	56.94	54.62
Other Long-Term Assets	81.06	83.32	27.65	19.72	28.42	64.95
Total Assets	4,640	4,526	4,697	4,439	4,091	4,102
Accounts Payable	549.71	398.45	333.06	504.83	384.58	436.26
Accrued Expenses	29.2	52.49	75.47	56.44	55.55	54.08
Short-Term Debt	530.19	539.34	708.04	566.61	431.52	549.59
Current Portion of Long-Term Debt	221.16	227.07	202.33	139.32	107	-
Current Portion of Leases	-	12.37	9.78	6.97	7.66	-
Current Income Taxes Payable	9.71	5.08	3.55	3.61	0.34	3.76
Current Unearned Revenue	2.74	9.28	6.77	7.48	18.92	7.76
Other Current Liabilities	84.31	165.34	218.68	220.42	177.87	198.08
Total Current Liabilities	1,427	1,409	1,558	1,506	1,183	1,250
Long-Term Debt	42.75	34.69	68.5	140	139.57	100
Long-Term Leases	139.25	54.07	65.85	94.29	55.38	15.83
Long-Term Unearned Revenue	14.83	16.71	19.42	23.63	26.87	36.59
Long-Term Deferred Tax Liabilities	27.21	25.21	27.28	21.04	17.06	17.48
Other Long-Term Liabilities	-	0.48	2.37	15.28	74.07	116.56
Total Liabilities	1,651	1,541	1,741	1,800	1,496	1,536
Common Stock	574.39	574.39	574.39	464.39	464.4	464.48
Additional Paid-In Capital	2,288	2,288	2,288	1,698	1,697	1,695
Retained Earnings	90.92	100.28	78.83	396.85	360.07	353.89
Treasury Stock	-	-	-	-	-11.64	-23.59
Comprehensive Income & Other	30.07	17.16	14.53	-16.27	-2.21	-2.29
Total Common Equity	2,984	2,980	2,956	2,543	2,508	2,488
Minority Interest	5.5	5.5	-	96.1	86.85	77.93
Shareholders' Equity	2,989	2,986	2,956	2,639	2,595	2,566
Total Liabilities & Equity	4,640	4,526	4,697	4,439	4,091	4,102
Total Debt	933.35	867.54	1,055	947.19	741.13	665.42
Net Cash (Debt)	-157.92	-31.12	150.9	-451.04	-449.99	-339.87
Net Cash Per Share	-0.27	-0.05	0.28	-0.97	-0.97	-0.73
Filing Date Shares Outstanding	574.39	574.39	574.39	574.39	464.4	464.48
Total Common Shares Outstanding	574.39	574.39	574.39	464.39	464.4	464.48
Working Capital	1,251	1,066	1,328	884	742.13	704.3
Book Value Per Share	5.19	5.19	5.15	5.48	5.40	5.36
Tangible Book Value	2,397	2,353	2,256	1,635	1,594	1,564
Tangible Book Value Per Share	4.17	4.10	3.93	3.52	3.43	3.37
Buildings	-	631.55	677.4	742.5	635.02	633.34
Machinery	-	489.09	492.39	497.55	485.38	615.02
Construction In Progress	-	31.66	7.69	5.85	118.08	95.56

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