SHE:300357 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	1,055	1,119	1,171	840.69	649.99	583.68
Trading Asset Securities	286.82	196.09	117.39	295.05	370.93	307.03
Cash & Short-Term Investments	1,342	1,315	1,289	1,136	1,021	890.71
Cash Growth	7.22%	2.03%	13.47%	11.25%	14.62%	12.44%
Accounts Receivable	346.17	251.04	202.92	254.31	238.12	206.77
Other Receivables	6.2	-	-	19.81	11.13	8.57
Receivables	352.38	251.04	202.92	274.12	249.26	215.35
Inventory	53.7	57.73	59.04	48.41	53.75	48.33
Other Current Assets	24.3	27.78	19.17	18.86	17.58	16.55
Total Current Assets	1,772	1,651	1,570	1,477	1,342	1,171
Property, Plant & Equipment	852.98	780.09	704.84	444.61	301.62	240.16
Long-Term Investments	77.26	77.94	74.21	78.4	83.35	13.86
Other Intangible Assets	151.86	162.79	161.38	139.67	94	61.01
Long-Term Deferred Tax Assets	6.78	5.6	5.03	4.87	5.81	4.9
Long-Term Deferred Charges	28.42	25.27	34.38	53.2	86.05	113.89
Other Long-Term Assets	3.6	5.94	12.42	-	19.63	-
Total Assets	2,893	2,709	2,562	2,198	1,932	1,605
Accounts Payable	36.03	47.77	7.99	7.68	5.08	5.66
Accrued Expenses	26.99	35.13	33.57	29.89	35.54	23.15
Short-Term Debt	5	12.63	34.39	-	-	-
Current Portion of Leases	4.68	5.03	6.8	3.98	5.86	-
Current Income Taxes Payable	33.51	10.56	9.26	26.08	50.32	9.59
Current Unearned Revenue	0.63	0.51	0.38	0.42	0.42	0.44
Other Current Liabilities	13.1	70.95	84.64	34.71	10.78	16.57
Total Current Liabilities	119.95	182.58	177.04	102.75	108	55.42
Long-Term Leases	9.72	7.93	21.26	12.28	1.95	-
Long-Term Unearned Revenue	32.22	33.53	30.93	27.43	24.91	20.63
Long-Term Deferred Tax Liabilities	0.09	0.17	0.2	0.08	0.5	0.56
Other Long-Term Liabilities	-	26.08	29.03	28.22	-	-
Total Liabilities	161.98	250.3	258.46	170.76	135.36	76.61
Common Stock	523.58	523.58	523.58	523.58	523.58	523.58
Additional Paid-In Capital	128.19	128.19	128.19	128.19	128.19	128.19
Retained Earnings	1,984	1,702	1,533	1,328	1,084	803.26
Comprehensive Income & Other	0.03	0.04	0.03	0.03	0	0.87
Total Common Equity	2,636	2,354	2,185	1,980	1,736	1,456
Minority Interest	95.49	105.12	118.61	47.49	60.54	72.24
Shareholders' Equity	2,731	2,459	2,304	2,027	1,797	1,528
Total Liabilities & Equity	2,893	2,709	2,562	2,198	1,932	1,605
Total Debt	19.39	25.59	62.44	16.26	7.81	-
Net Cash (Debt)	1,323	1,289	1,226	1,119	1,013	890.71
Net Cash Growth	10.13%	5.14%	9.54%	10.50%	13.74%	12.44%
Net Cash Per Share	2.53	2.46	2.34	2.14	1.93	1.70
Filing Date Shares Outstanding	523.58	523.58	523.58	523.58	523.58	523.58
Total Common Shares Outstanding	523.58	523.58	523.58	523.58	523.58	523.58
Working Capital	1,652	1,469	1,393	1,374	1,234	1,116
Book Value Per Share	5.03	4.50	4.17	3.78	3.32	2.78
Tangible Book Value	2,484	2,191	2,024	1,840	1,642	1,395
Tangible Book Value Per Share	4.74	4.18	3.87	3.51	3.14	2.66
Buildings	-	428.52	423.31	175.67	137.89	137.89
Machinery	-	135.42	115.99	95.51	77.11	71.89
Construction In Progress	-	323.16	227.86	226.24	140.33	80.46

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