SHE:301024 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	82.12	252.78	292.27	219.93	300.63	41.04
Trading Asset Securities	-	-	-	91.65	80	-
Cash & Short-Term Investments	82.12	252.78	292.27	311.58	380.63	41.04
Cash Growth	-67.74%	-13.51%	-6.19%	-18.14%	827.48%	-44.30%
Accounts Receivable	125.18	129.24	182.66	282.1	411.21	309.76
Other Receivables	72.56	9.53	9.39	9.43	9.86	7.95
Receivables	197.74	138.77	192.04	291.53	421.06	317.71
Inventory	8.65	6.83	50.47	11.56	-	-
Other Current Assets	63.99	16.16	18.62	8.9	10.75	3.99
Total Current Assets	352.5	414.54	553.41	623.57	812.44	362.74
Property, Plant & Equipment	126.59	76.65	34.14	20.33	24.96	6.02
Long-Term Investments	27.18	27.02	34.56	26.57	3.12	3.12
Goodwill	57.97	57.97	76.87	76.87	53.7	-
Other Intangible Assets	1.01	1.32	2.08	2.29	0.89	0.7
Long-Term Deferred Tax Assets	27.21	27.69	24.1	14.32	8.38	4.3
Long-Term Deferred Charges	2.8	4.46	7.81	3.13	6.83	7.31
Other Long-Term Assets	24.42	27.16	38.11	28.89	23.77	13.43
Total Assets	619.67	636.82	771.08	795.96	934.09	397.63
Accounts Payable	21.8	27.35	52.4	32.76	24.85	11.8
Accrued Expenses	5.74	32.27	39.59	44.77	41.34	50.32
Short-Term Debt	69.55	86.26	54.8	30.03	-	-
Current Portion of Leases	6.53	5.62	7.27	2.55	14.31	-
Current Income Taxes Payable	19.65	0	4.17	-	4.47	7.23
Current Unearned Revenue	8.16	2.11	3.1	5.16	1.58	2.16
Other Current Liabilities	54.83	5.85	7.26	6.12	14.83	4.71
Total Current Liabilities	186.27	159.47	168.59	121.39	101.39	76.22
Long-Term Leases	14.35	13.9	26.33	10.17	1.74	-
Other Long-Term Liabilities	-	14.22	15.54	-	-	-
Total Liabilities	200.63	187.59	210.46	131.56	103.13	76.22
Common Stock	63.59	63.59	63.59	63.59	42.39	31.79
Additional Paid-In Capital	544.39	544.39	526.49	526.49	547.69	95.91
Retained Earnings	-208.13	-176.64	-63.44	41.4	240.59	193.7
Total Common Equity	399.84	431.33	526.64	631.48	830.67	321.41
Minority Interest	19.2	17.9	33.98	32.92	0.29	-
Shareholders' Equity	419.05	449.23	560.62	664.4	830.97	321.41
Total Liabilities & Equity	619.67	636.82	771.08	795.96	934.09	397.63
Total Debt	90.43	105.78	88.41	42.75	16.05	-
Net Cash (Debt)	-8.32	147	203.87	268.83	364.57	41.04
Net Cash Growth	-	-27.89%	-24.16%	-26.26%	788.37%	-43.66%
Net Cash Per Share	-0.13	2.31	3.21	4.23	6.69	0.86
Filing Date Shares Outstanding	63.59	63.59	63.59	63.59	63.59	47.69
Total Common Shares Outstanding	63.59	63.59	63.59	63.59	63.59	47.69
Working Capital	166.24	255.07	384.82	502.18	711.05	286.52
Book Value Per Share	6.29	6.78	8.28	9.93	13.06	6.74
Tangible Book Value	340.86	372.04	447.69	552.32	776.09	320.71
Tangible Book Value Per Share	5.36	5.85	7.04	8.69	12.21	6.73
Machinery	-	71.05	18.15	-	20.13	13.86
Construction In Progress	-	3.04	-	-	-	-

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