SHE:300985 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	165.86	136.32	337.21	151.33	541.69	23.95
Trading Asset Securities	11.4	11.4	-	17.9	-	129.02
Cash & Short-Term Investments	177.26	147.72	337.21	169.23	541.69	152.96
Cash Growth	63.97%	-56.19%	99.26%	-68.76%	254.12%	20.64%
Accounts Receivable	540.42	338.87	210.21	75.43	183.78	327.94
Other Receivables	4.71	28.56	79.5	48.89	19.82	9.62
Receivables	545.13	367.43	289.71	124.31	203.6	337.56
Inventory	677.88	648.39	651.01	277	216.69	214.22
Prepaid Expenses	-	-	-	-	0.55	-
Other Current Assets	142.12	59.48	43.31	27.75	16.34	18.87
Total Current Assets	1,542	1,223	1,321	598.3	978.87	723.61
Property, Plant & Equipment	799.15	822.29	982.68	764.4	338.81	174.18
Long-Term Investments	20.88	23.24	64.61	67.97	21.54	1.54
Other Intangible Assets	109.71	111.74	114.33	117	89.79	83.75
Long-Term Deferred Tax Assets	29.02	28.35	17.5	24.65	10.27	10.62
Long-Term Deferred Charges	1.95	1.99	2.92	1.58	-	-
Other Long-Term Assets	17.18	16.65	33.83	40.52	23.64	5.05
Total Assets	2,520	2,227	2,537	1,614	1,463	998.76
Accounts Payable	379.95	376.7	529.01	209.76	108.58	196.99
Accrued Expenses	12.06	12.82	19.44	14.42	9.54	16.98
Short-Term Debt	327.19	209.75	85.08	100.14	-	236.98
Current Portion of Long-Term Debt	37.34	126.35	55.84	0.1	-	-
Current Portion of Leases	-	14.46	5.55	6.28	10.41	-
Current Income Taxes Payable	8.78	0	24.27	0	-	8.99
Current Unearned Revenue	39.99	23.1	179.44	19.72	3.01	1.14
Other Current Liabilities	2.86	5.33	26.71	5.9	3.11	1.65
Total Current Liabilities	808.16	768.49	925.33	356.32	134.65	462.72
Long-Term Debt	604.4	355	307.89	48	-	-
Long-Term Leases	52.93	12.49	11.34	5.4	10.24	-
Long-Term Unearned Revenue	0.75	0.75	0.38	0.38	-	-
Long-Term Deferred Tax Liabilities	7.83	8.19	5.3	3.67	-	0
Other Long-Term Liabilities	29.2	102.71	46.04	17.94	32.61	40.65
Total Liabilities	1,503	1,248	1,296	431.7	177.5	503.37
Common Stock	186.51	186.51	133.33	133.33	133.33	100
Additional Paid-In Capital	763.32	763.32	816.5	814.43	826.35	82.33
Retained Earnings	83.8	37.71	282.78	226.53	294.1	274.78
Treasury Stock	-24.05	-15.44	-	-	-	-
Comprehensive Income & Other	-0.42	-0.42	-	-	-	-
Total Common Equity	1,009	971.67	1,233	1,174	1,254	457.11
Minority Interest	7.84	7.98	8.23	8.41	31.64	38.27
Shareholders' Equity	1,017	979.65	1,241	1,183	1,285	495.38
Total Liabilities & Equity	2,520	2,227	2,537	1,614	1,463	998.76
Total Debt	1,022	718.04	465.69	159.93	20.65	236.98
Net Cash (Debt)	-844.59	-570.32	-128.48	9.31	521.03	-84.01
Net Cash Growth	-	-	-	-98.21%	-	-
Net Cash Per Share	-4.53	-3.06	-0.69	0.05	3.08	-0.60
Filing Date Shares Outstanding	185.39	185.89	186.67	186.67	186.67	140
Total Common Shares Outstanding	185.39	185.89	186.67	186.67	186.67	140
Working Capital	734.23	454.53	395.91	241.98	844.22	260.89
Book Value Per Share	5.44	5.23	6.60	6.29	6.72	3.27
Tangible Book Value	899.46	859.94	1,118	1,057	1,164	373.36
Tangible Book Value Per Share	4.85	4.63	5.99	5.66	6.24	2.67
Buildings	-	494.31	516.75	42.01	41.36	39.25
Machinery	-	500.33	418.94	145.25	141.01	131.88
Construction In Progress	-	18.01	160.67	643.61	197.3	45.8

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