SHE:301018 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	481.19	506.81	533.44	262.43	295.8	337.76
Trading Asset Securities	15.81	82.29	0.09	-	-	-
Cash & Short-Term Investments	497	589.1	533.53	262.43	295.8	337.76
Cash Growth	-29.35%	10.42%	103.30%	-11.28%	-12.42%	37.59%
Accounts Receivable	2,171	1,984	1,591	1,311	971.72	818.87
Other Receivables	39.07	37.77	33.96	23.56	23.04	25.53
Receivables	2,210	2,022	1,625	1,334	994.76	844.4
Inventory	1,065	863.41	695.73	585.86	628.24	439.2
Other Current Assets	80.25	51.25	392.01	50.17	77.51	35.04
Total Current Assets	3,852	3,526	3,246	2,233	1,996	1,656
Property, Plant & Equipment	1,755	1,573	1,304	1,180	1,031	717.77
Long-Term Investments	2.9	0.12	0.25	0.38	0.54	0.47
Other Intangible Assets	156.57	159.28	158.95	159.87	151.47	153.22
Long-Term Deferred Tax Assets	46.21	43.03	37.6	30.56	21.43	18.34
Long-Term Deferred Charges	28.54	1.7	2.3	1.7	0.21	0.46
Other Long-Term Assets	31.06	57.48	17.59	14.18	33.28	7.68
Total Assets	5,872	5,360	4,767	3,619	3,235	2,554
Accounts Payable	1,390	1,289	853.58	746.67	616.87	521.95
Accrued Expenses	35.49	143.29	86.74	55.9	63.8	48.81
Short-Term Debt	381.29	305.05	248.42	276.08	282.49	345.49
Current Portion of Long-Term Debt	-	177.37	52	0.44	-	-
Current Portion of Leases	216.87	5.18	8.09	5.89	2.79	-
Current Income Taxes Payable	23.64	0	0.77	0.51	5.55	9.45
Current Unearned Revenue	379.75	310.76	287.39	255.65	320.9	256.42
Other Current Liabilities	50.86	23.71	43.5	21.88	22.77	19.79
Total Current Liabilities	2,478	2,255	1,580	1,363	1,315	1,202
Long-Term Debt	523.05	349.32	488.22	440.62	275.35	283.72
Long-Term Leases	5.37	3.69	8.17	11.68	1.13	-
Long-Term Unearned Revenue	191.91	202.05	214.78	205.42	199.19	177.13
Long-Term Deferred Tax Liabilities	3.55	3.14	4.35	2.93	-	-
Total Liabilities	3,202	2,813	2,296	2,024	1,791	1,663
Common Stock	266.05	266.05	266.05	240.01	240.01	180
Additional Paid-In Capital	1,535	1,523	1,513	726.5	703.22	320.29
Retained Earnings	852.16	744.64	671.64	619.66	496.6	389.68
Comprehensive Income & Other	-0.19	0.17	0.19	0.19	0.25	0.21
Total Common Equity	2,653	2,534	2,451	1,586	1,440	890.18
Minority Interest	17.54	13.35	19.47	9.15	3.74	1.41
Shareholders' Equity	2,671	2,547	2,471	1,596	1,444	891.59
Total Liabilities & Equity	5,872	5,360	4,767	3,619	3,235	2,554
Total Debt	1,127	840.62	804.9	734.71	561.77	629.21
Net Cash (Debt)	-629.58	-251.52	-271.38	-472.28	-265.96	-291.45
Net Cash Per Share	-2.32	-0.94	-1.03	-1.96	-1.27	-1.61
Filing Date Shares Outstanding	266.05	266.05	266.05	264.58	240.01	180
Total Common Shares Outstanding	266.05	266.05	266.05	240.01	240.01	180
Working Capital	1,374	1,271	1,666	869.76	681.15	454.5
Book Value Per Share	9.97	9.52	9.21	6.61	6.00	4.95
Tangible Book Value	2,497	2,374	2,292	1,426	1,289	736.96
Tangible Book Value Per Share	9.38	8.92	8.62	5.94	5.37	4.09
Buildings	-	1,090	1,022	810.98	254.94	253.04
Machinery	-	386.38	359.34	282.98	201.51	182.18
Construction In Progress	-	387.77	149.12	280.85	758.78	451.31

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