SHE:300565 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	94.62	57.37	104.73	212.77	111.24	210.96
Trading Asset Securities	30.02	217.5	-	-	-	0.02
Cash & Short-Term Investments	124.63	274.87	104.73	212.77	111.24	210.98
Cash Growth	62.45%	162.44%	-50.78%	91.28%	-47.28%	-8.49%
Accounts Receivable	191.17	219.2	129.12	227.96	314.27	450.13
Other Receivables	18.19	6.98	12.23	6.62	7.29	12.26
Receivables	209.37	226.19	141.35	234.58	321.56	462.39
Inventory	100.1	92.03	141.85	194.35	134.06	117.21
Prepaid Expenses	-	0.99	0.91	0.6	0.9	0.78
Other Current Assets	13.28	8.37	17.87	44.13	43.27	8.53
Total Current Assets	447.38	602.44	406.71	686.43	611.02	799.89
Property, Plant & Equipment	698.62	732.61	798.78	820.52	572.24	309.26
Long-Term Investments	11.28	12.11	15.74	19.19	23.13	14.94
Goodwill	-	-	-	7.29	7.29	19.06
Other Intangible Assets	95.74	99.65	105.23	110.88	114.66	118.59
Long-Term Deferred Tax Assets	68.8	65.47	82.34	59.17	42.58	26.61
Long-Term Deferred Charges	27.83	31.14	34.04	38.43	1.15	1.8
Other Long-Term Assets	27.47	25.02	24.75	26.2	180.65	27.85
Total Assets	1,377	1,568	1,468	1,768	1,553	1,318
Accounts Payable	146.55	211.99	246.64	240.65	289.34	379.82
Accrued Expenses	18.64	46.49	37.45	35.39	33.39	33.61
Short-Term Debt	331.28	315.59	406.94	395.89	306.05	181.16
Current Portion of Long-Term Debt	164.87	92.88	67.99	37.08	-	-
Current Portion of Leases	-	6.11	5.69	6.79	6.6	-
Current Income Taxes Payable	5.9	0.19	0.15	0.08	0.01	-
Current Unearned Revenue	3.35	3.79	14.96	13.47	1.99	4.82
Other Current Liabilities	10.85	1.56	5.95	1.55	1.87	2.19
Total Current Liabilities	681.46	678.6	785.76	730.9	639.25	601.59
Long-Term Debt	135.27	252.63	345.51	461.5	316.1	15.4
Long-Term Leases	2.67	4.94	13.76	12.53	18.76	-
Long-Term Unearned Revenue	-	-	-	-	0.51	0.56
Long-Term Deferred Tax Liabilities	1.31	2.3	3.13	4.22	-	0
Other Long-Term Liabilities	28.09	25.02	22.88	21.91	17.69	21.65
Total Liabilities	848.8	963.49	1,171	1,231	992.31	639.21
Common Stock	249.7	249.7	208	208	208	208
Additional Paid-In Capital	730.7	729.97	250.12	250.12	256.13	256.13
Retained Earnings	-415.06	-345.35	-139.58	84.08	96.85	216.99
Comprehensive Income & Other	-2.7	2.44	-3.36	-0.48	-0.04	-2.33
Total Common Equity	562.65	636.76	315.18	541.71	560.94	678.79
Minority Interest	-34.33	-31.82	-18.64	-4.67	-0.54	-
Shareholders' Equity	528.32	604.94	296.54	537.04	560.4	678.79
Total Liabilities & Equity	1,377	1,568	1,468	1,768	1,553	1,318
Total Debt	634.09	672.15	839.89	913.8	647.51	196.56
Net Cash (Debt)	-509.46	-397.29	-735.16	-701.02	-536.27	14.42
Net Cash Growth	-	-	-	-	-	-92.98%
Net Cash Per Share	-2.09	-1.62	-3.55	-3.37	-2.59	0.07
Filing Date Shares Outstanding	249.7	249.7	208	208	208	208
Total Common Shares Outstanding	249.7	249.7	208	208	208	208
Working Capital	-234.08	-76.15	-379.05	-44.47	-28.23	198.29
Book Value Per Share	2.25	2.55	1.52	2.60	2.70	3.26
Tangible Book Value	466.9	537.11	209.95	423.54	438.99	541.14
Tangible Book Value Per Share	1.87	2.15	1.01	2.04	2.11	2.60
Buildings	-	660.02	659.93	626.36	249.08	247.69
Machinery	-	258.51	285.74	303.58	118.94	104.44
Construction In Progress	-	-	-	0.22	281.25	46.08

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