SHE:301015 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	1,792	1,467	1,344	1,048	1,276	1,107
Trading Asset Securities	265.39	44.99	27.62	27.22	40.77	34.9
Cash & Short-Term Investments	2,057	1,512	1,372	1,075	1,317	1,142
Cash Growth	41.46%	10.23%	27.63%	-18.38%	15.32%	-1.79%
Accounts Receivable	1,904	2,216	2,464	2,232	1,943	1,626
Other Receivables	106.01	161.58	214.78	44.43	41.34	43.35
Receivables	2,010	2,377	2,679	2,277	1,984	1,670
Inventory	811.1	927.75	861.67	650.1	623.85	610.35
Prepaid Expenses	-	-	-	0.6	0.55	1.01
Other Current Assets	463.22	293.35	205.94	255.48	165.91	118.2
Total Current Assets	5,341	5,111	5,118	4,258	4,092	3,541
Property, Plant & Equipment	787.17	810.65	672.15	432.99	225.75	170.71
Long-Term Investments	949.87	742.62	263.95	181.57	151.71	132.7
Goodwill	112.49	112.49	107.6	0.69	5.96	5.96
Other Intangible Assets	228.36	227.59	140.09	56.77	28.65	31.06
Long-Term Deferred Tax Assets	74.32	58.1	76.57	36.65	32.85	38.22
Long-Term Deferred Charges	77.58	40.73	34.31	8.01	8.3	14.12
Other Long-Term Assets	20.41	9.43	4.5	55.61	58.02	66.77
Total Assets	7,591	7,113	6,417	5,030	4,603	4,001
Accounts Payable	927.53	1,163	1,072	990.3	845.76	842.89
Accrued Expenses	85.19	229.97	206.1	211.14	138.26	98.84
Short-Term Debt	1,764	1,099	513.02	1,165	1,189	1,350
Current Portion of Long-Term Debt	79.54	43.41	61.44	-	-	-
Current Portion of Leases	-	27.87	20.78	27.34	15.42	-
Current Income Taxes Payable	145.06	64.78	101.47	33.99	32.52	38.26
Current Unearned Revenue	122.8	118.52	97.8	92.48	113.78	109.34
Other Current Liabilities	317.08	512.32	319.06	83.54	66.32	57.91
Total Current Liabilities	3,441	3,258	2,392	2,604	2,401	2,497
Long-Term Debt	1,256	1,113	771.93	-	-	-
Long-Term Leases	98.52	102.56	87.41	145.34	22.21	-
Long-Term Unearned Revenue	11.53	11.43	13.6	-	-	-
Long-Term Deferred Tax Liabilities	20.17	18.39	33.54	1.13	5.85	4.94
Other Long-Term Liabilities	-	5	-	-	-	-
Total Liabilities	4,828	4,508	3,298	2,750	2,429	2,502
Common Stock	525.62	525.62	525.61	525.1	525.1	472.5
Additional Paid-In Capital	29.16	-	653.47	411.61	418.31	208.21
Retained Earnings	1,826	1,750	1,610	1,364	1,212	790.19
Comprehensive Income & Other	100.46	98.91	101.63	1.65	2.11	1
Total Common Equity	2,482	2,375	2,891	2,302	2,157	1,472
Minority Interest	282.23	229.76	228.4	-22.11	16.76	26.83
Shareholders' Equity	2,764	2,605	3,119	2,280	2,174	1,499
Total Liabilities & Equity	7,591	7,113	6,417	5,030	4,603	4,001
Total Debt	3,198	2,385	1,455	1,338	1,226	1,350
Net Cash (Debt)	-1,141	-872.59	-82.51	-262.71	90.77	-207.89
Net Cash Per Share	-2.10	-1.61	-0.15	-0.50	0.18	-0.44
Filing Date Shares Outstanding	525.62	525.62	519.55	525.1	525.1	525.1
Total Common Shares Outstanding	525.62	525.62	519.55	525.1	525.1	472.5
Working Capital	1,900	1,853	2,727	1,654	1,691	1,044
Book Value Per Share	4.72	4.52	5.56	4.38	4.11	3.12
Tangible Book Value	2,141	2,035	2,643	2,245	2,123	1,435
Tangible Book Value Per Share	4.07	3.87	5.09	4.27	4.04	3.04
Buildings	-	504.28	464.74	206.13	206.13	195.22
Machinery	-	450.97	338.96	91.2	78.02	64.04
Construction In Progress	-	152.26	143.29	80.5	8.78	-

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