SHE:301040 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	312.5	239.7	212.55	473.64	380.44	122.63
Trading Asset Securities	50	128	202	-	-	-
Cash & Short-Term Investments	362.5	367.7	414.55	473.64	380.44	122.63
Cash Growth	1.09%	-11.30%	-12.47%	24.50%	210.25%	12.47%
Accounts Receivable	373.23	347.6	370.23	595.46	472.57	457.66
Other Receivables	0.66	0.56	5.39	0.33	1.19	0.9
Receivables	373.89	348.15	375.62	595.79	473.75	458.55
Inventory	174.88	156.81	195.46	192.27	151.27	172.81
Other Current Assets	16.5	16.83	9.94	35.77	14.05	23.34
Total Current Assets	927.77	889.49	995.57	1,297	1,020	777.33
Property, Plant & Equipment	527.87	572.53	600.43	515.79	297.47	128.68
Long-Term Investments	33.83	32.44	-	-	-	-
Other Intangible Assets	51.4	52.35	53.49	54.81	56.11	56.69
Long-Term Deferred Tax Assets	-	1.09	12.82	11.94	6.8	6.65
Long-Term Deferred Charges	-	0.46	2.4	4.73	2.53	4.85
Other Long-Term Assets	10.74	8.54	16.79	43.59	46.29	57.22
Total Assets	1,552	1,557	1,681	1,928	1,429	1,031
Accounts Payable	327.07	292.09	307.2	529.33	396.13	282.64
Accrued Expenses	2.62	3.94	4.3	6.08	7.13	8.78
Short-Term Debt	-	-	-	-	-	10.01
Current Portion of Long-Term Debt	0.87	1.63	0.82	0.54	-	-
Current Portion of Leases	-	1.62	-	0.67	1.04	-
Current Income Taxes Payable	0.71	-	-	-	0.18	14.04
Current Unearned Revenue	1.19	1.36	0.58	1.14	4.93	3.23
Other Current Liabilities	42.54	26.78	19.77	26.5	50.4	98.6
Total Current Liabilities	374.99	327.43	332.67	564.26	459.81	417.31
Long-Term Debt	333.95	315.5	292.02	268.82	-	-
Long-Term Leases	-	1.63	-	0.76	2.02	-
Long-Term Unearned Revenue	20.7	22.94	14.66	15.93	-	-
Long-Term Deferred Tax Liabilities	2.4	3.72	2.88	3.11	-	-
Total Liabilities	732.04	671.23	642.22	852.87	461.83	417.31
Common Stock	100	100	100	100	100	75
Additional Paid-In Capital	517.84	517.84	517.82	517.81	517.81	262.44
Retained Earnings	112.86	178.99	332.58	368.77	349.07	276.68
Comprehensive Income & Other	88.86	88.86	88.86	88.87	-	-
Shareholders' Equity	819.57	885.69	1,039	1,075	966.88	614.12
Total Liabilities & Equity	1,552	1,557	1,681	1,928	1,429	1,031
Total Debt	334.82	320.38	292.83	270.79	3.06	10.01
Net Cash (Debt)	27.68	47.31	121.72	202.85	377.38	112.61
Net Cash Growth	-40.10%	-61.13%	-39.99%	-46.25%	235.12%	52.22%
Net Cash Per Share	0.28	0.47	1.22	2.03	4.42	1.50
Filing Date Shares Outstanding	100	100	100	100	100	75
Total Common Shares Outstanding	100	100	100	100	100	75
Working Capital	552.78	562.06	662.9	733.21	559.7	360.02
Book Value Per Share	8.20	8.86	10.39	10.75	9.67	8.19
Tangible Book Value	768.17	833.34	985.78	1,021	910.77	557.43
Tangible Book Value Per Share	7.68	8.33	9.86	10.21	9.11	7.43
Buildings	-	225.36	227.9	132.54	66.22	69.46
Machinery	-	524.82	509.1	351.11	193.04	214.59
Construction In Progress	-	58.59	50.76	215.13	201.21	16.37

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