SHE:301018 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	2015 - 2019
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	2015 - 2019
Cash & Equivalents	481.19	506.81	533.44	262.43	295.8	337.76	Upgrade
Trading Asset Securities	15.81	82.29	0.09	-	-	-	Upgrade
Cash & Short-Term Investments	497	589.1	533.53	262.43	295.8	337.76	Upgrade
Cash Growth	-29.35%	10.42%	103.30%	-11.28%	-12.42%	37.59%	Upgrade
Accounts Receivable	2,171	1,984	1,591	1,311	971.72	818.87	Upgrade
Other Receivables	39.07	37.77	33.96	23.56	23.04	25.53	Upgrade
Receivables	2,210	2,022	1,625	1,334	994.76	844.4	Upgrade
Inventory	1,065	863.41	695.73	585.86	628.24	439.2	Upgrade
Other Current Assets	80.25	51.25	392.01	50.17	77.51	35.04	Upgrade
Total Current Assets	3,852	3,526	3,246	2,233	1,996	1,656	Upgrade
Property, Plant & Equipment	1,755	1,573	1,304	1,180	1,031	717.77	Upgrade
Long-Term Investments	2.9	0.12	0.25	0.38	0.54	0.47	Upgrade
Other Intangible Assets	156.57	159.28	158.95	159.87	151.47	153.22	Upgrade
Long-Term Deferred Tax Assets	46.21	43.03	37.6	30.56	21.43	18.34	Upgrade
Long-Term Deferred Charges	28.54	1.7	2.3	1.7	0.21	0.46	Upgrade
Other Long-Term Assets	31.06	57.48	17.59	14.18	33.28	7.68	Upgrade
Total Assets	5,872	5,360	4,767	3,619	3,235	2,554	Upgrade
Accounts Payable	1,390	1,289	853.58	746.67	616.87	521.95	Upgrade
Accrued Expenses	35.49	143.29	86.74	55.9	63.8	48.81	Upgrade
Short-Term Debt	381.29	305.05	248.42	276.08	282.49	345.49	Upgrade
Current Portion of Long-Term Debt	-	177.37	52	0.44	-	-	Upgrade
Current Portion of Leases	216.87	5.18	8.09	5.89	2.79	-	Upgrade
Current Income Taxes Payable	23.64	0	0.77	0.51	5.55	9.45	Upgrade
Current Unearned Revenue	379.75	310.76	287.39	255.65	320.9	256.42	Upgrade
Other Current Liabilities	50.86	23.71	43.5	21.88	22.77	19.79	Upgrade
Total Current Liabilities	2,478	2,255	1,580	1,363	1,315	1,202	Upgrade
Long-Term Debt	523.05	349.32	488.22	440.62	275.35	283.72	Upgrade
Long-Term Leases	5.37	3.69	8.17	11.68	1.13	-	Upgrade
Long-Term Unearned Revenue	191.91	202.05	214.78	205.42	199.19	177.13	Upgrade
Long-Term Deferred Tax Liabilities	3.55	3.14	4.35	2.93	-	-	Upgrade
Total Liabilities	3,202	2,813	2,296	2,024	1,791	1,663	Upgrade
Common Stock	266.05	266.05	266.05	240.01	240.01	180	Upgrade
Additional Paid-In Capital	1,535	1,523	1,513	726.5	703.22	320.29	Upgrade
Retained Earnings	852.16	744.64	671.64	619.66	496.6	389.68	Upgrade
Comprehensive Income & Other	-0.19	0.17	0.19	0.19	0.25	0.21	Upgrade
Total Common Equity	2,653	2,534	2,451	1,586	1,440	890.18	Upgrade
Minority Interest	17.54	13.35	19.47	9.15	3.74	1.41	Upgrade
Shareholders' Equity	2,671	2,547	2,471	1,596	1,444	891.59	Upgrade
Total Liabilities & Equity	5,872	5,360	4,767	3,619	3,235	2,554	Upgrade
Total Debt	1,127	840.62	804.9	734.71	561.77	629.21	Upgrade
Net Cash (Debt)	-629.58	-251.52	-271.38	-472.28	-265.96	-291.45	Upgrade
Net Cash Per Share	-2.32	-0.94	-1.03	-1.96	-1.27	-1.61	Upgrade
Filing Date Shares Outstanding	266.05	266.05	266.05	264.58	240.01	180	Upgrade
Total Common Shares Outstanding	266.05	266.05	266.05	240.01	240.01	180	Upgrade
Working Capital	1,374	1,271	1,666	869.76	681.15	454.5	Upgrade
Book Value Per Share	9.97	9.52	9.21	6.61	6.00	4.95	Upgrade
Tangible Book Value	2,497	2,374	2,292	1,426	1,289	736.96	Upgrade
Tangible Book Value Per Share	9.38	8.92	8.62	5.94	5.37	4.09	Upgrade
Buildings	-	1,090	1,022	810.98	254.94	253.04	Upgrade
Machinery	-	386.38	359.34	282.98	201.51	182.18	Upgrade
Construction In Progress	-	387.77	149.12	280.85	758.78	451.31	Upgrade

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