SHE:301041 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	86.42	176.43	169.75	203.82	270.81	155.15
Trading Asset Securities	178.98	89.47	125.2	-	-	7.29
Cash & Short-Term Investments	265.4	265.89	294.95	203.82	270.81	162.43
Cash Growth	-6.63%	-9.85%	44.71%	-24.74%	66.72%	72.72%
Accounts Receivable	240.29	259.23	228.79	248.17	276.96	222.07
Other Receivables	1.52	0.64	1.2	11.98	17.07	7.27
Receivables	241.81	259.86	229.99	260.15	294.03	229.35
Inventory	67.29	51.23	55.57	69.96	61.76	36.61
Other Current Assets	13.66	9.69	16.11	5.73	5.62	12.94
Total Current Assets	588.17	586.68	596.62	539.66	632.22	441.33
Property, Plant & Equipment	199.22	217.53	232.48	234.34	193.17	154.69
Long-Term Investments	32.59	22.21	21.26	6.52	-	-
Goodwill	0.04	0.04	0.04	0.04	0.04	0.04
Other Intangible Assets	12.72	12.63	12.77	12.25	11.25	9.49
Long-Term Deferred Tax Assets	18.11	14.74	14.64	13.98	6.05	8.75
Long-Term Deferred Charges	22.54	25.49	28.55	25.36	18.35	12.42
Other Long-Term Assets	5.05	4.06	0.39	3.41	8.28	4.14
Total Assets	878.43	883.39	906.74	835.56	869.37	630.87
Accounts Payable	139.48	118.99	123.95	134.46	180.46	142.59
Accrued Expenses	15.7	20.23	19.23	22.62	20.41	20.82
Short-Term Debt	-	-	40.06	-	-	25.03
Current Portion of Leases	2.49	3.97	4.11	2.7	10.08	-
Current Income Taxes Payable	7.22	1.39	0.04	0.12	0.06	7.33
Current Unearned Revenue	16.99	12.11	9.29	6.22	9.11	6.06
Other Current Liabilities	10.67	25.65	22.39	21.39	25.58	0.88
Total Current Liabilities	192.54	182.34	219.06	187.52	245.7	202.71
Long-Term Leases	3.51	4.36	8.39	3.12	4.65	-
Long-Term Unearned Revenue	5.68	5.72	4.89	5.2	9.24	20.95
Long-Term Deferred Tax Liabilities	3.83	3.44	5.19	4.33	0.07	0.08
Other Long-Term Liabilities	5.66	-	-	-	-	0.4
Total Liabilities	211.23	195.86	237.52	200.18	259.65	224.14
Common Stock	106.68	106.68	106.68	106.68	106.68	80
Additional Paid-In Capital	270.87	270.87	270.87	270.87	270.87	145.45
Retained Earnings	319.73	323.24	290.55	256.04	229.95	178.55
Treasury Stock	-30.01	-15.05	-	-	-	-
Total Common Equity	667.26	685.73	668.1	633.58	607.5	404
Minority Interest	-0.06	1.8	1.12	1.8	2.22	2.72
Shareholders' Equity	667.2	687.53	669.22	635.38	609.72	406.72
Total Liabilities & Equity	878.43	883.39	906.74	835.56	869.37	630.87
Total Debt	6	8.33	52.56	5.82	14.73	25.03
Net Cash (Debt)	259.4	257.56	242.4	198	256.09	137.41
Net Cash Growth	10.43%	6.25%	22.43%	-22.68%	86.37%	60.22%
Net Cash Per Share	2.58	2.44	2.26	1.87	2.89	1.71
Filing Date Shares Outstanding	105.4	106	106.68	106.68	106.68	80
Total Common Shares Outstanding	105.4	106	106.68	106.68	106.68	80
Working Capital	395.63	404.34	377.56	352.14	386.52	238.62
Book Value Per Share	6.33	6.47	6.26	5.94	5.69	5.05
Tangible Book Value	654.5	673.06	655.29	621.29	596.2	394.47
Tangible Book Value Per Share	6.21	6.35	6.14	5.82	5.59	4.93
Buildings	-	130.4	130.4	130.4	130.4	130.4
Machinery	-	275.67	271.5	238.31	221.14	191.52
Construction In Progress	-	7.83	6.18	38.22	5.13	3.71

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