SHE:002899 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	324.93	476.86	390.78	387.25	647.76	567.2
Trading Asset Securities	318.91	326.2	106.88	85.5	-	60.13
Cash & Short-Term Investments	643.85	803.06	497.66	472.74	647.76	627.32
Cash Growth	-21.81%	61.37%	5.27%	-27.02%	3.26%	12.58%
Accounts Receivable	213.25	233.8	152.02	204.48	180.8	207.85
Other Receivables	7.82	19.57	14.19	10.56	9.48	7.81
Receivables	221.08	253.38	166.21	215.04	190.27	215.66
Inventory	195.21	237.54	193.81	161.08	192.87	173.21
Prepaid Expenses	-	-	-	-	0.93	1.75
Other Current Assets	159.29	16.04	17.41	39.02	31.87	26.63
Total Current Assets	1,219	1,310	875.09	887.89	1,064	1,045
Property, Plant & Equipment	1,394	1,418	1,243	906.25	545.48	206.96
Long-Term Investments	57.6	49.71	2.33	0.87	0.1	0.16
Goodwill	0.39	0.39	-	-	-	-
Other Intangible Assets	83.08	86.05	85.39	84.32	88.42	92.31
Long-Term Deferred Tax Assets	38.71	51	29.27	42.09	18.07	16.14
Long-Term Deferred Charges	7.19	3.52	0.04	0.04	1.11	1.67
Other Long-Term Assets	31.82	34.55	59.61	108.55	60.48	-
Total Assets	2,832	2,953	2,295	2,030	1,777	1,362
Accounts Payable	321.15	373.51	230.18	171.33	160.93	187.77
Accrued Expenses	9.3	23.69	18.7	15.62	7.95	10.86
Short-Term Debt	-	-	-	-	10.01	0.5
Current Portion of Long-Term Debt	84.14	116.02	58.19	83.14	-	-
Current Portion of Leases	-	0.81	0.27	0.51	3.24	-
Current Income Taxes Payable	5.74	0.11	-	0.02	0.54	0.25
Current Unearned Revenue	47.83	84.07	93.81	52.48	60.67	69.64
Other Current Liabilities	16.01	24.87	21.86	6.21	5.21	4.87
Total Current Liabilities	484.17	623.08	423.01	329.32	248.54	273.89
Long-Term Debt	567.35	586.28	627.43	535.37	402.12	-
Long-Term Leases	5.34	3.76	-	0.26	5.89	-
Long-Term Unearned Revenue	0.08	0.12	0.28	1.57	1.8	1.06
Long-Term Deferred Tax Liabilities	33.92	37.8	3.35	3.34	2.77	2.52
Other Long-Term Liabilities	-	-	-	-	19.13	-
Total Liabilities	1,091	1,251	1,054	869.86	680.25	277.47
Common Stock	147.8	147.8	120	120	120	120
Additional Paid-In Capital	977.1	977.1	625.23	625.23	625.23	625.23
Retained Earnings	633.98	594.22	495.5	414.9	351.87	339.12
Treasury Stock	-15.34	-15.34	-	-	-	-
Comprehensive Income & Other	-2	-2	-	-	-	-
Shareholders' Equity	1,742	1,702	1,241	1,160	1,097	1,084
Total Liabilities & Equity	2,832	2,953	2,295	2,030	1,777	1,362
Total Debt	656.83	706.87	685.88	619.28	421.26	0.5
Net Cash (Debt)	-12.98	96.19	-188.23	-146.54	226.5	626.82
Net Cash Growth	-	-	-	-	-63.87%	13.93%
Net Cash Per Share	-0.09	0.70	-1.56	-1.23	1.95	5.23
Filing Date Shares Outstanding	146.54	146.54	120	120	120	120
Total Common Shares Outstanding	146.54	146.54	120	120	120	120
Working Capital	735.26	686.94	452.08	558.57	815.17	770.69
Book Value Per Share	11.88	11.61	10.34	9.67	9.14	9.04
Tangible Book Value	1,658	1,615	1,155	1,076	1,009	992.04
Tangible Book Value Per Share	11.31	11.02	9.63	8.97	8.41	8.27
Buildings	-	1,138	225.43	171.41	195.23	191.47
Machinery	-	394.92	122.41	122.06	126.95	123.13
Construction In Progress	-	27.06	1,071	776.54	377.03	42.44

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