SHE:300460 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	108.53	54.65	76.8	47.47	110.41	41.79
Trading Asset Securities	0.01	-	-	0.37	-	-
Cash & Short-Term Investments	108.54	54.65	76.8	47.84	110.41	41.79
Cash Growth	51.83%	-28.84%	60.54%	-56.67%	164.21%	-5.76%
Accounts Receivable	237.1	220.59	190.4	268.89	260.99	169.52
Other Receivables	18.9	20.78	58.54	13.04	12.11	6.54
Receivables	256	241.38	248.94	281.92	273.1	176.06
Inventory	228.92	260	266.71	328.31	294.11	206.88
Restricted Cash	-	96.34	-	73.52	7.38	-
Other Current Assets	29.85	36.93	11.74	19.02	98.9	11.92
Total Current Assets	623.32	689.29	604.18	750.6	783.89	436.65
Property, Plant & Equipment	771.29	832.64	949.75	1,041	1,090	433.22
Long-Term Investments	4.37	4.44	6.21	0.11	0.37	0.79
Goodwill	-	-	4.13	4.13	7.35	22.62
Other Intangible Assets	44.93	47.14	51.84	48.56	56.13	45.47
Long-Term Deferred Tax Assets	87.17	87.17	89.54	63.89	14.54	15.06
Long-Term Deferred Charges	5.99	8.44	15.91	22.65	-	5.71
Other Long-Term Assets	1.17	0.81	0.35	3.61	44.81	97.37
Total Assets	1,538	1,670	1,722	1,935	1,997	1,057
Accounts Payable	131	156.96	130.38	114.71	70.71	52.8
Accrued Expenses	9.32	33.08	24.78	11.6	23.15	6.74
Short-Term Debt	252.09	244.13	243.55	365.88	232.09	113.64
Current Portion of Long-Term Debt	120.81	75.43	49.74	8.82	6.93	-
Current Portion of Leases	-	1.77	1.84	1.87	125.59	71.57
Current Income Taxes Payable	1.85	0.15	0.15	4.29	3.29	0.53
Current Unearned Revenue	0.49	0.25	3.85	0.84	0.75	1.46
Other Current Liabilities	83.59	90.56	104.03	146.1	104.47	83.32
Total Current Liabilities	599.16	602.32	558.31	654.11	566.98	330.08
Long-Term Debt	237.27	285.37	240.03	144.46	140.11	46
Long-Term Leases	2.48	2.26	2.64	1.29	49.3	47.98
Long-Term Unearned Revenue	55.65	54.07	46.95	40.44	32.09	29.16
Long-Term Deferred Tax Liabilities	23.57	23.57	28.28	33.34	3.11	3.37
Other Long-Term Liabilities	61.92	66.28	19.98	10.97	-	47.21
Total Liabilities	980.04	1,034	896.2	884.6	791.59	503.8
Common Stock	280.8	280.8	280.8	280.62	279	235.58
Additional Paid-In Capital	698.23	699.32	699.32	698.21	694.61	199.09
Retained Earnings	-420.83	-344.71	-155.74	71.08	232.03	118.42
Total Common Equity	558.19	635.41	824.39	1,050	1,206	553.1
Minority Interest	-	0.65	1.32	-	-	-
Shareholders' Equity	558.19	636.07	825.71	1,050	1,206	553.1
Total Liabilities & Equity	1,538	1,670	1,722	1,935	1,997	1,057
Total Debt	612.65	608.95	537.8	522.31	554.02	279.2
Net Cash (Debt)	-504.11	-554.3	-461	-474.47	-443.62	-237.41
Net Cash Per Share	-1.81	-1.99	-1.64	-1.70	-1.69	-1.01
Filing Date Shares Outstanding	280.8	280.8	280.8	280.62	279	235.58
Total Common Shares Outstanding	280.8	280.8	280.8	280.62	279	235.58
Working Capital	24.16	86.98	45.87	96.49	216.91	106.57
Book Value Per Share	1.99	2.26	2.94	3.74	4.32	2.35
Tangible Book Value	513.26	588.27	768.42	997.21	1,142	485
Tangible Book Value Per Share	1.83	2.09	2.74	3.55	4.09	2.06
Buildings	-	261.08	263.14	265.44	155.65	88.89
Machinery	-	1,437	1,453	1,481	1,335	790.26
Construction In Progress	-	38.37	39.95	39.64	243.4	150.16

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