SHE:300106 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	366.62	246.53	307.17	342.77	244.27	213.39
Cash & Short-Term Investments	366.62	246.53	307.17	342.77	244.27	213.39
Cash Growth	29.51%	-19.74%	-10.39%	40.33%	14.47%	135.43%
Accounts Receivable	94.73	211.49	208.65	84.24	77.25	57.32
Other Receivables	7.9	48.28	13.38	17.53	17.18	30.7
Receivables	102.63	259.76	222.03	101.77	94.44	88.02
Inventory	79.57	77.47	106.45	147.06	111.89	118.02
Prepaid Expenses	-	2.14	0.04	-	0.04	0.01
Other Current Assets	47.1	33.04	65.02	72.89	73.08	72.27
Total Current Assets	595.92	618.94	700.72	664.49	523.72	491.71
Property, Plant & Equipment	337.96	360.03	366.22	355.75	383.68	395.73
Long-Term Investments	29.23	26.02	41.97	75.33	82.91	82.14
Goodwill	1.5	1.5	1.5	1.5	1.5	1.5
Other Intangible Assets	60.23	60.51	61.97	62.96	64.21	66.56
Long-Term Deferred Tax Assets	11.43	10.2	9.2	8.97	6.69	5.95
Long-Term Deferred Charges	0.66	0.81	0.66	0.58	0.59	0.34
Other Long-Term Assets	18.76	25.41	20.91	20.86	23.87	27.6
Total Assets	1,056	1,103	1,203	1,190	1,087	1,072
Accounts Payable	145.36	226.31	134.54	127.07	78.49	92.69
Accrued Expenses	17.19	17.07	18.87	19.48	13.93	17.7
Short-Term Debt	150	140.13	195	196	187	202
Current Portion of Long-Term Debt	0.32	14.13	-	13.5	-	-
Current Portion of Leases	-	2.13	1.8	0.74	-	-
Current Income Taxes Payable	3.04	0.54	2.2	0.47	1.13	4.61
Current Unearned Revenue	22.75	9.94	33.35	29.13	37.18	27.06
Other Current Liabilities	73.56	57.21	51.73	52.69	46.23	42.5
Total Current Liabilities	412.22	467.47	437.49	439.08	363.96	386.56
Long-Term Debt	59.69	30	26.97	-	15	-
Long-Term Leases	33.58	30.65	28.67	0.32	-	-
Long-Term Unearned Revenue	20	22.47	24.98	16.3	20.44	26.76
Long-Term Deferred Tax Liabilities	6.58	6.47	7	3.19	3.03	3.14
Other Long-Term Liabilities	2.67	1.9	1.11	1.75	0.85	0.91
Total Liabilities	534.73	558.96	526.21	460.64	403.28	417.36
Common Stock	211.33	211.33	211.33	211.33	211.33	211.33
Additional Paid-In Capital	620.71	620.71	620.71	620.71	620.71	620.71
Retained Earnings	-446.22	-409.56	-290.75	-226.51	-239.5	-253.91
Total Common Equity	385.83	422.49	541.29	605.54	592.54	578.14
Minority Interest	135.12	121.96	135.65	124.27	91.34	76.03
Shareholders' Equity	520.95	544.45	676.94	729.81	683.88	654.17
Total Liabilities & Equity	1,056	1,103	1,203	1,190	1,087	1,072
Total Debt	243.59	217.04	252.43	210.56	202	202
Net Cash (Debt)	123.03	29.49	54.74	132.21	42.27	11.39
Net Cash Growth	606.24%	-46.12%	-58.60%	212.79%	271.18%	-
Net Cash Per Share	0.58	0.14	0.26	0.63	0.21	0.06
Filing Date Shares Outstanding	211.33	211.33	211.33	211.33	211.33	211.33
Total Common Shares Outstanding	211.33	211.33	211.33	211.33	211.33	211.33
Working Capital	183.71	151.47	263.23	225.41	159.75	105.15
Book Value Per Share	1.83	2.00	2.56	2.87	2.80	2.74
Tangible Book Value	324.1	360.48	477.82	541.08	526.83	510.08
Tangible Book Value Per Share	1.53	1.71	2.26	2.56	2.49	2.41
Buildings	-	287.91	288.01	284.01	283.71	278.39
Machinery	-	597.49	629.76	621.53	612.27	578.83
Construction In Progress	-	1.59	4.66	3.8	1.9	11.74

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