SHE:301011 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	261.73	168.71	159.11	78.21	124.72	45.8
Cash & Short-Term Investments	261.73	168.71	159.11	78.21	124.72	45.8
Cash Growth	44.81%	6.03%	103.45%	-37.29%	172.28%	-6.39%
Accounts Receivable	264.96	293.85	256.21	280.02	276.85	254.81
Other Receivables	13.11	16.54	11.79	22.34	22.76	8.88
Receivables	278.07	310.4	268	302.35	299.6	263.69
Inventory	283.02	267.32	265.46	269.43	243.87	147
Other Current Assets	75.01	42.14	34.99	43.19	26.77	24.97
Total Current Assets	897.83	788.57	727.56	693.17	694.96	481.48
Property, Plant & Equipment	439.97	395.5	328.94	336.95	355.13	266.87
Long-Term Investments	0.91	1.07	-	-	2.85	2.85
Goodwill	17.2	15.54	-	-	45.78	53.5
Other Intangible Assets	32.77	29.75	31.79	33.69	31.04	30.62
Long-Term Deferred Tax Assets	34.22	30.81	25.87	32.75	29.94	18.09
Long-Term Deferred Charges	32.91	27.55	32.08	43.7	38.94	16.22
Other Long-Term Assets	46.84	17.72	12.85	13.1	14.61	1.74
Total Assets	1,503	1,307	1,159	1,153	1,213	871.37
Accounts Payable	169.82	189.91	187.12	194.8	219	213.59
Accrued Expenses	9.57	26.18	20.93	14.39	12.14	10.83
Short-Term Debt	90.3	40.03	30.03	95.36	19.34	76.18
Current Portion of Long-Term Debt	-	-	38.78	23.4	20.48	-
Current Portion of Leases	25.75	23.74	18.58	27.35	29.09	-
Current Income Taxes Payable	11.21	7.71	4.04	-	6.94	6.93
Current Unearned Revenue	35.32	57.29	38.42	23.19	21.17	17.1
Other Current Liabilities	126.6	116.74	69.03	43.36	32.37	46.06
Total Current Liabilities	468.57	461.59	406.93	421.86	360.54	370.69
Long-Term Debt	-	-	6.55	40.77	54.08	84.94
Long-Term Leases	96.29	95.69	54.99	53.15	75.96	-
Total Liabilities	564.87	557.28	468.47	515.78	490.57	455.63
Common Stock	152.83	146.69	146.69	112.84	86.8	65.1
Additional Paid-In Capital	488.46	342.91	340.79	374.64	400.68	156.68
Retained Earnings	295.13	257.59	202.28	150.32	238.89	196.07
Comprehensive Income & Other	0.65	2.04	0.86	-0.22	-3.7	-2.12
Total Common Equity	937.07	749.23	690.61	637.58	722.67	415.74
Minority Interest	0.69	-	-	-	-	-
Shareholders' Equity	937.76	749.23	690.61	637.58	722.67	415.74
Total Liabilities & Equity	1,503	1,307	1,159	1,153	1,213	871.37
Total Debt	212.35	159.46	148.93	240.04	198.95	161.12
Net Cash (Debt)	49.38	9.25	10.18	-161.84	-74.24	-115.32
Net Cash Growth	708.13%	-9.13%	-	-	-	-
Net Cash Per Share	0.34	0.06	0.07	-1.11	-0.58	-1.05
Filing Date Shares Outstanding	152.83	146.69	146.69	146.69	146.69	110.02
Total Common Shares Outstanding	152.83	146.69	146.69	146.69	146.69	110.02
Working Capital	429.26	326.97	320.63	271.32	334.42	110.79
Book Value Per Share	6.13	5.11	4.71	4.35	4.93	3.78
Tangible Book Value	887.11	703.94	658.83	603.89	645.85	331.62
Tangible Book Value Per Share	5.80	4.80	4.49	4.12	4.40	3.01
Buildings	-	145.09	145.09	145.09	145.09	158.89
Machinery	-	370.94	362.37	331.1	286.81	240.55
Construction In Progress	-	15.04	-	0.65	0.62	-

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