SHE:301073 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	299.65	397.39	487.05	678.1	222.36	105.61
Short-Term Investments	-	20.89	25	31.95	28.41	21.69
Trading Asset Securities	115.95	20.28	-	2.01	76.7	-
Cash & Short-Term Investments	415.6	438.57	512.05	712.06	327.48	127.3
Cash Growth	1.82%	-14.35%	-28.09%	117.44%	157.25%	35.00%
Accounts Receivable	84.77	75.26	79.52	85.72	43.78	24.2
Other Receivables	26.16	0.96	0.56	0.01	0.01	0.05
Receivables	110.92	76.21	80.08	85.74	43.79	24.25
Inventory	3.89	4.66	6.67	0.89	0.93	0.85
Prepaid Expenses	-	-	-	1.08	0.06	-
Other Current Assets	46.34	49.62	51.44	24.32	23.47	51.71
Total Current Assets	576.75	569.07	650.24	824.09	395.72	204.11
Property, Plant & Equipment	1,193	1,317	1,217	613.92	526.18	8.12
Long-Term Investments	15.44	7.37	9.15	6.41	0.19	-
Goodwill	108.77	108.77	108.77	108.77	31.86	31.86
Other Intangible Assets	61.83	62.02	61.92	62.38	1.55	1.86
Long-Term Accounts Receivable	106.54	93.09	83.57	221.63	231.05	-
Long-Term Deferred Tax Assets	80.97	71.87	61.24	48.74	41.08	31.54
Long-Term Deferred Charges	294.78	315.89	230.47	134.51	113.38	142.53
Other Long-Term Assets	2.84	2.59	2.19	1.77	31.76	31.64
Total Assets	2,441	2,547	2,425	2,022	1,373	451.65
Accounts Payable	52.54	54.91	57.96	28.4	14.22	20.3
Accrued Expenses	15.06	46.32	43.38	37.94	15.17	8.87
Short-Term Debt	-	11.12	14.35	22.02	22.87	24.31
Current Portion of Leases	125.69	117.58	110.8	90.06	76.67	-
Current Income Taxes Payable	10.44	8.28	15.48	4.89	11.44	9.46
Current Unearned Revenue	38.09	34.91	50.21	46.63	8.67	11.71
Other Current Liabilities	38.52	10.16	13.6	9.19	9.06	5.54
Total Current Liabilities	280.34	283.27	305.77	239.13	158.1	80.18
Long-Term Leases	1,203	1,281	1,130	807.04	728.88	64.22
Long-Term Unearned Revenue	7.78	9.65	12.15	14.63	17.14	19.64
Long-Term Deferred Tax Liabilities	1.07	1.07	1.17	1.54	-	2.51
Total Liabilities	1,492	1,575	1,449	1,062	904.12	166.55
Common Stock	194.45	194.45	194.45	129.63	80.54	60.41
Additional Paid-In Capital	571.07	571.07	571.07	635.88	187.31	18.69
Retained Earnings	189.19	208.45	212.42	207.83	218.35	216.68
Total Common Equity	954.71	973.97	977.94	973.35	486.2	295.77
Minority Interest	-5.46	-1.4	-2.08	-13.48	-17.57	-10.67
Shareholders' Equity	949.25	972.57	975.86	959.87	468.63	285.1
Total Liabilities & Equity	2,441	2,547	2,425	2,022	1,373	451.65
Total Debt	1,328	1,409	1,255	919.12	828.43	88.52
Net Cash (Debt)	-912.64	-970.9	-742.95	-207.06	-500.95	38.78
Net Cash Growth	-	-	-	-	-	1489.93%
Net Cash Per Share	-4.81	-5.01	-3.89	-1.25	-3.44	0.29
Filing Date Shares Outstanding	194.45	194.45	194.45	194.45	181.22	135.91
Total Common Shares Outstanding	194.45	194.45	194.45	194.45	181.22	135.91
Working Capital	296.41	285.8	344.47	584.96	237.62	123.93
Book Value Per Share	4.91	5.01	5.03	5.01	2.68	2.18
Tangible Book Value	784.11	803.18	807.25	802.2	452.8	262.06
Tangible Book Value Per Share	4.03	4.13	4.15	4.13	2.50	1.93
Machinery	-	70.76	60.67	50.66	43.68	46.12
Construction In Progress	-	18.28	78.7	15.02	27.46	0.75

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