SHE:003020 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	402.57	439.69	502.93	642.58	654.25	766.59
Short-Term Investments	80.6	10.67	-	-	-	-
Trading Asset Securities	0.11	58	61.52	0.12	0.13	-
Cash & Short-Term Investments	483.28	508.36	564.45	642.7	654.39	766.59
Cash Growth	-0.90%	-9.94%	-12.17%	-1.79%	-14.64%	243.39%
Accounts Receivable	390.97	415.63	295.19	321.02	318.37	285.28
Other Receivables	9.09	8.08	19.97	36.03	6.08	3.07
Receivables	400.06	423.7	315.16	357.05	324.45	288.36
Inventory	270.07	220.48	242.91	361.76	188.86	193.8
Prepaid Expenses	-	1.41	1.11	-	-	-
Other Current Assets	35.75	31.54	27.51	91.03	51.95	43.22
Total Current Assets	1,189	1,185	1,151	1,453	1,220	1,292
Property, Plant & Equipment	988.2	972.75	898.62	538.12	299.03	199.03
Long-Term Investments	193.09	194.11	180.39	14.4	20.71	-
Goodwill	74.44	74.44	74.44	-	-	-
Other Intangible Assets	101.15	105.24	113.29	83.38	89.51	31.42
Long-Term Deferred Tax Assets	15.43	14.51	16.13	8.58	5.86	3.37
Long-Term Deferred Charges	4.04	6.94	7.41	7.61	8.8	0.9
Other Long-Term Assets	32.19	32.49	42.26	16.76	30.9	9.33
Total Assets	2,598	2,586	2,484	2,121	1,674	1,536
Accounts Payable	373.68	347.53	301.25	460.66	242.93	280.28
Accrued Expenses	24.49	63.19	53.95	45.25	50.5	27.82
Short-Term Debt	-	50	50.05	-	-	-
Current Portion of Leases	6.24	4.36	4.54	10.03	-	-
Current Income Taxes Payable	29.41	9.08	15.53	12.71	6.05	1.92
Current Unearned Revenue	13.03	33.08	33.09	42.62	14.69	20.01
Other Current Liabilities	91.3	74.71	84.32	51.36	13.88	12.32
Total Current Liabilities	538.14	581.95	542.73	622.63	328.05	342.35
Long-Term Debt	59.64	59.65	31.01	-	-	-
Long-Term Leases	0.34	4.57	2.84	3.38	24.58	-
Long-Term Unearned Revenue	46.39	18.28	20.16	12.98	13.24	15.02
Long-Term Deferred Tax Liabilities	7.73	8.93	13.43	1.39	-	-
Other Long-Term Liabilities	-	-	-	1.16	4.66	4.66
Total Liabilities	652.24	673.38	610.18	641.53	370.53	362.03
Common Stock	190.18	191.57	159.68	122.47	92.64	92.64
Additional Paid-In Capital	505.93	518	551.89	554.93	526.16	522.15
Retained Earnings	1,103	1,038	994.95	829.51	685.11	559.2
Treasury Stock	-	-9.39	-20.99	-27.05	-	-
Total Common Equity	1,799	1,738	1,686	1,480	1,304	1,174
Minority Interest	146.5	174.71	187.97	-	-	-
Shareholders' Equity	1,945	1,913	1,873	1,480	1,304	1,174
Total Liabilities & Equity	2,598	2,586	2,484	2,121	1,674	1,536
Total Debt	66.22	118.58	88.44	13.41	24.58	-
Net Cash (Debt)	417.06	389.78	476	629.28	629.8	766.59
Net Cash Growth	-0.39%	-18.11%	-24.36%	-0.08%	-17.84%	284.83%
Net Cash Per Share	2.18	2.04	2.48	3.33	3.35	5.43
Filing Date Shares Outstanding	190.18	191.26	191.61	191.05	187.87	187.87
Total Common Shares Outstanding	190.18	191.57	191.61	191.05	187.87	187.87
Working Capital	651.01	603.54	608.42	829.92	891.59	949.61
Book Value Per Share	9.46	9.07	8.80	7.75	6.94	6.25
Tangible Book Value	1,623	1,558	1,498	1,396	1,214	1,143
Tangible Book Value Per Share	8.54	8.13	7.82	7.31	6.46	6.08
Buildings	-	547.66	395.67	140.12	127.89	125.55
Machinery	-	480.99	303.79	174.84	139.8	105.97
Construction In Progress	-	269.34	459.66	340.89	130.35	66.47

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