SHE:301051 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	582.52	428.25	702.74	1,159	735.36	149.92
Short-Term Investments	-	374.21	780	510	260	-
Trading Asset Securities	113.85	475	-	10	612.79	-
Cash & Short-Term Investments	696.37	1,277	1,483	1,679	1,608	149.92
Cash Growth	-9.11%	-13.84%	-11.69%	4.41%	972.66%	8.57%
Accounts Receivable	554.79	706.49	686.72	585.61	626.33	615.73
Other Receivables	35.05	122.71	95.83	45.85	55.39	23.99
Receivables	589.84	829.2	782.55	631.46	681.71	639.73
Inventory	191.42	237.01	312.39	217.17	290.69	194.9
Other Current Assets	261.82	42.61	14.7	12.19	48.5	10.08
Total Current Assets	1,739	2,386	2,592	2,540	2,629	994.63
Property, Plant & Equipment	2,250	2,229	1,858	1,699	1,401	370.06
Long-Term Investments	7.65	7.75	-	-	-	-
Goodwill	72.72	74.16	70.73	72.65	74.57	-
Other Intangible Assets	37.21	37.71	101.7	104.45	36.8	11.74
Long-Term Deferred Tax Assets	211.6	188.1	106.72	101.38	40.24	14.22
Long-Term Deferred Charges	12.54	79.18	103.83	34.38	48.81	43.96
Other Long-Term Assets	170.98	201.3	129.2	166.71	275.82	116.61
Total Assets	4,502	5,204	4,962	4,719	4,506	1,551
Accounts Payable	431.15	529.35	411.73	311.63	581.26	331.2
Accrued Expenses	35.79	48.33	46.54	40.98	48.74	40.33
Short-Term Debt	1,111	1,342	1,101	929.24	225.52	244.9
Current Portion of Long-Term Debt	88.2	104.57	90.35	77.5	62.5	-
Current Portion of Leases	-	36.88	19.21	19.18	30.72	-
Current Income Taxes Payable	5.42	0.15	0.14	0.42	0.39	3.96
Current Unearned Revenue	0.29	5.21	2.79	23.85	4.38	6.15
Other Current Liabilities	119.65	171.27	153.73	133.6	118.35	64.8
Total Current Liabilities	1,791	2,238	1,825	1,536	1,072	691.34
Long-Term Debt	210.76	262.04	163.4	353.5	155	50
Long-Term Leases	37.21	65.05	26.17	42.79	82.63	-
Long-Term Unearned Revenue	32.41	46.62	27.12	29.68	32.21	36.1
Long-Term Deferred Tax Liabilities	77.77	82.56	76.65	80.7	74.57	-
Other Long-Term Liabilities	-	28.13	-	-	-	-
Total Liabilities	2,149	2,723	2,118	2,043	1,416	777.44
Common Stock	203.04	168.95	120	80	80	60
Additional Paid-In Capital	1,881	1,923	1,930	1,945	1,945	69.91
Retained Earnings	135.42	231.88	609.26	568.76	800.64	644.81
Comprehensive Income & Other	-13.68	-5.57	-5.73	-4.26	1.06	-0.95
Total Common Equity	2,205	2,318	2,654	2,590	2,827	773.77
Minority Interest	147.72	162.91	190.18	85.77	263.13	-
Shareholders' Equity	2,353	2,481	2,844	2,675	3,090	773.77
Total Liabilities & Equity	4,502	5,204	4,962	4,719	4,506	1,551
Total Debt	1,447	1,811	1,400	1,422	556.37	294.9
Net Cash (Debt)	-750.39	-533.55	83.09	256.85	1,052	-144.98
Net Cash Growth	-	-	-67.65%	-75.58%	-	-
Net Cash Per Share	-3.70	-2.64	0.41	1.27	6.27	-0.96
Filing Date Shares Outstanding	203.04	202.74	201.6	201.6	201.6	151.2
Total Common Shares Outstanding	203.04	202.74	201.6	201.6	201.6	151.2
Working Capital	-51.65	148.06	767.37	1,003	1,557	303.29
Book Value Per Share	10.86	11.43	13.16	12.85	14.02	5.12
Tangible Book Value	2,095	2,206	2,481	2,413	2,716	762.03
Tangible Book Value Per Share	10.32	10.88	12.31	11.97	13.47	5.04
Buildings	-	1,082	1,067	1,026	877.23	36.19
Machinery	-	1,398	1,116	864.78	597.15	424.9
Construction In Progress	-	252.08	43.53	4.61	9.56	24.53

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