SHE:001278 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	782.43	583.77	880.7	429.12	351.63	369.47
Trading Asset Securities	45.01	50.07	30.09	-	-	-
Cash & Short-Term Investments	827.44	633.83	910.79	429.12	351.63	369.47
Cash Growth	18.88%	-30.41%	112.24%	22.04%	-4.83%	44.72%
Accounts Receivable	840	780.84	563.68	490.01	386.7	350.13
Other Receivables	17.03	17.95	2.96	5.86	2.8	0.64
Receivables	857.03	798.79	566.64	495.87	389.5	350.77
Inventory	640.66	678.54	549.83	516.27	451.07	327.17
Prepaid Expenses	-	1.81	3.44	1.55	1.57	1.83
Other Current Assets	94.34	87.97	51.36	46.22	40.69	40.51
Total Current Assets	2,419	2,201	2,082	1,489	1,234	1,090
Property, Plant & Equipment	948.79	862.05	723.73	515.45	417.77	360.31
Other Intangible Assets	201.04	207.51	104.02	106.6	98.08	64.77
Long-Term Deferred Tax Assets	75.85	63.88	55.31	25.65	17.69	16.84
Long-Term Deferred Charges	104.91	93.39	134.98	117.09	102.24	47.39
Other Long-Term Assets	15.86	11.29	59.05	27.35	12.3	3.81
Total Assets	3,851	3,439	3,159	2,281	1,883	1,583
Accounts Payable	1,313	1,229	1,192	1,023	889.56	746.93
Accrued Expenses	40.96	59.52	67.42	47.91	37.94	31.47
Short-Term Debt	343.91	165.94	281.84	328.4	213.42	190.42
Current Portion of Long-Term Debt	102.09	200.27	19.49	-	12.5	-
Current Portion of Leases	-	11.06	12.08	24.76	32.93	-
Current Income Taxes Payable	17.59	7.53	8.98	15.95	7.45	16.81
Current Unearned Revenue	6.08	1.61	17	21.41	3.48	1.68
Other Current Liabilities	51.91	45.78	28.91	20.74	13.81	34.7
Total Current Liabilities	1,875	1,720	1,628	1,482	1,211	1,022
Long-Term Debt	663.6	360.84	172.53	25	27.5	40
Long-Term Leases	28.73	24.28	33.56	17.06	24.83	-
Long-Term Unearned Revenue	18.23	13.78	14.54	12.15	7.86	5.36
Long-Term Deferred Tax Liabilities	8.32	9.55	12.26	6.86	2.24	2.72
Other Long-Term Liabilities	-	1.15	1.65	0.23	-	1.8
Total Liabilities	2,594	2,130	1,862	1,543	1,274	1,072
Common Stock	123.73	123.73	123.73	92.8	92.8	92.8
Additional Paid-In Capital	725.79	725.79	725.79	290.65	275.8	275.8
Retained Earnings	410.6	460.73	442.55	351.1	240.49	142.37
Comprehensive Income & Other	-	-0.26	-0.16	-0.13	-0.08	0.01
Total Common Equity	1,260	1,310	1,292	734.43	609.01	510.98
Minority Interest	-3.38	-0.82	4.88	3.72	-	-
Shareholders' Equity	1,257	1,309	1,297	738.15	609.01	510.98
Total Liabilities & Equity	3,851	3,439	3,159	2,281	1,883	1,583
Total Debt	1,138	762.39	519.51	395.22	311.19	230.42
Net Cash (Debt)	-310.89	-128.56	391.29	33.9	40.44	139.05
Net Cash Growth	-	-	1054.15%	-16.18%	-70.91%	-
Net Cash Per Share	-2.53	-1.04	3.53	0.36	0.44	1.87
Filing Date Shares Outstanding	123.73	123.73	123.73	92.8	92.8	92.8
Total Common Shares Outstanding	123.73	123.73	123.73	92.8	92.8	92.8
Working Capital	544.15	480.66	454.25	7.31	23.36	67.74
Book Value Per Share	10.18	10.59	10.44	7.91	6.56	5.51
Tangible Book Value	1,059	1,102	1,188	627.83	510.93	446.21
Tangible Book Value Per Share	8.56	8.91	9.60	6.77	5.51	4.81
Buildings	-	429.85	289.07	217.47	212.48	213.99
Machinery	-	689.13	565.43	472.93	401.95	343.39
Construction In Progress	-	119.3	173.22	108.35	47.84	26.22

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