SHE:301175 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	866.11	1,023	992.38	1,756	562.29	539.48
Accounts Receivable	776.41	667.41	607.45	445.98	378.86	281.31
Other Receivables	53.43	153.77	162.72	158.64	121.91	48.68
Inventory	126.42	89.84	136.15	48.57	72.39	41.73
Prepaid Expenses	-	-	-	2.41	1.51	0.66
Other Current Assets	238.83	55.8	17.82	15.92	9.11	21.59
Total Current Assets	2,151	1,990	1,917	2,428	1,146	933.45
Property, Plant & Equipment	1,223	1,223	1,081	986.92	984.38	1,454
Other Intangible Assets	4,514	4,073	3,929	2,986	2,356	1,257
Long-Term Deferred Tax Assets	90.73	76.02	67.59	53.64	42.85	44.01
Long-Term Deferred Charges	47.91	39.08	28.7	20.37	7.51	2.88
Other Long-Term Assets	111.95	88.35	129.64	23.24	20.56	39.78
Total Assets	8,139	7,490	7,152	6,498	4,557	3,731
Accounts Payable	546.77	530.32	552.51	465.38	387.74	190.2
Accrued Expenses	36.26	71.34	65.47	69.6	59.98	69.66
Short-Term Debt	201.76	104.44	216.96	257.21	147.27	193
Current Portion of Long-Term Debt	299.88	187.01	110.22	124.74	116.24	88.03
Current Unearned Revenue	89.82	97.77	62.35	82.98	24.31	29.11
Current Portion of Leases	-	1.64	1.97	4.49	4.8	-
Current Income Taxes Payable	31.75	9.84	6.23	13.8	14.35	18.73
Other Current Liabilities	237.44	129.21	122.09	65.41	200.56	259.92
Total Current Liabilities	1,444	1,132	1,138	1,084	955.25	848.64
Long-Term Debt	2,377	2,073	1,893	1,719	1,539	1,121
Long-Term Leases	0.83	0.82	1.15	12.13	2.58	-
Long-Term Unearned Revenue	110.05	111.76	113.67	117.06	101.21	60.01
Long-Term Deferred Tax Liabilities	51.44	30.79	27.79	10.48	4.32	-
Other Long-Term Liabilities	185.19	229.39	280.16	106.5	94.99	69.4
Total Liabilities	4,168	3,577	3,454	3,049	2,697	2,099
Common Stock	1,472	1,472	1,472	1,472	1,105	1,105
Additional Paid-In Capital	1,148	1,129	1,127	1,126	140.93	139.97
Retained Earnings	987.65	976.18	802.67	613.95	401.81	198.06
Comprehensive Income & Other	6.82	3.85	3.07	0.23	-	-
Total Common Equity	3,615	3,581	3,404	3,212	1,647	1,443
Minority Interest	356.44	331.82	293.62	237.48	212.63	189.8
Shareholders' Equity	3,971	3,913	3,698	3,449	1,860	1,632
Total Liabilities & Equity	8,139	7,490	7,152	6,498	4,557	3,731
Total Debt	2,879	2,367	2,224	2,117	1,810	1,402
Net Cash (Debt)	-1,923	-1,344	-1,231	-361.03	-1,248	-862.41
Net Cash Per Share	-1.32	-0.92	-0.82	-0.29	-1.15	-0.84
Filing Date Shares Outstanding	1,472	1,472	1,472	1,472	1,105	1,105
Total Common Shares Outstanding	1,472	1,472	1,472	1,472	1,105	1,105
Working Capital	707.52	858.56	778.71	1,344	190.82	84.8
Book Value Per Share	2.46	2.43	2.31	2.18	1.49	1.31
Tangible Book Value	-899.37	-492.56	-524.12	225.98	-708.6	185.67
Tangible Book Value Per Share	-0.61	-0.33	-0.36	0.15	-0.64	0.17
Buildings	-	847.87	584.83	570.91	552.1	517.67
Machinery	-	793.91	746.67	723.22	696.66	678.68
Construction In Progress	-	49.96	152.72	20.15	10.6	483.41

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