SHE:301081 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	285.54	335.67	127.28	178.03	231.1	54.85
Trading Asset Securities	40	100.81	45	90	170.1	0.56
Cash & Short-Term Investments	325.54	436.48	172.28	268.03	401.2	55.41
Cash Growth	-43.78%	153.36%	-35.73%	-33.19%	624.07%	12.57%
Accounts Receivable	383.21	362.05	317.19	338.41	302.08	209.05
Other Receivables	7.15	21.34	13.1	6.3	4.55	5.62
Receivables	390.36	383.39	330.29	344.7	306.63	214.67
Inventory	355.03	265.53	247.8	299.29	246.12	164.73
Other Current Assets	49.8	11.63	11.3	21.83	12.7	11.18
Total Current Assets	1,121	1,097	761.67	933.85	966.64	445.99
Property, Plant & Equipment	1,026	784.14	564.77	407.1	267.76	210.36
Long-Term Investments	15	15	-	-	-	-
Other Intangible Assets	153.54	156.38	112.58	115.19	51.63	52.96
Long-Term Deferred Tax Assets	19.12	17.33	15.18	20.89	6.72	5.84
Long-Term Deferred Charges	1.29	1.4	0.79	0.38	0.52	-
Other Long-Term Assets	46.35	2.8	47.07	57.68	28.11	16.65
Total Assets	2,382	2,074	1,502	1,535	1,321	731.79
Accounts Payable	417.86	266.15	192.25	315.33	272.08	116.15
Accrued Expenses	13.92	22.9	15.5	13.69	13.25	15.95
Short-Term Debt	221.37	64.76	148.95	175.9	7.01	125.27
Current Portion of Leases	2.92	2.45	2.49	0.27	1.02	-
Current Income Taxes Payable	5.11	5.94	1.48	5.83	6.15	9.82
Current Unearned Revenue	14.29	9.89	8.33	11.38	9.42	7.21
Other Current Liabilities	3.57	3.99	2.6	4.02	14.74	3.35
Total Current Liabilities	679.05	376.07	371.6	526.41	323.67	277.75
Long-Term Debt	520.86	615.21	106.91	9.01	-	29.44
Long-Term Leases	5.11	6.53	6.59	0.27	0.27	-
Long-Term Unearned Revenue	33.27	32.09	18.86	10.21	3.53	3.47
Long-Term Deferred Tax Liabilities	14.7	18.6	7.93	8.23	0.01	0.08
Other Long-Term Liabilities	-	-	-	13.82	12.7	13.83
Total Liabilities	1,253	1,048	511.89	567.96	340.17	324.57
Common Stock	227.19	205.77	204.8	170.67	170.67	128
Additional Paid-In Capital	701.64	559.24	554.84	581.96	581.03	134.64
Retained Earnings	146.96	198.56	220.07	205.66	227.3	145.61
Comprehensive Income & Other	38.14	59.36	0.48	0.06	-1.12	-1.03
Total Common Equity	1,114	1,023	980.2	958.35	977.88	407.22
Minority Interest	14.89	2.64	9.97	8.79	3.34	-
Shareholders' Equity	1,129	1,026	990.16	967.13	981.22	407.22
Total Liabilities & Equity	2,382	2,074	1,502	1,535	1,321	731.79
Total Debt	750.27	688.95	264.94	185.45	8.29	154.71
Net Cash (Debt)	-424.73	-252.47	-92.67	82.59	392.9	-99.3
Net Cash Growth	-	-	-	-78.98%	-	-
Net Cash Per Share	-1.76	-1.14	-0.45	0.40	2.40	-0.65
Filing Date Shares Outstanding	227.19	205.77	204.8	204.8	204.8	128
Total Common Shares Outstanding	227.19	205.77	204.8	204.8	204.8	128
Working Capital	441.7	720.96	390.07	407.44	642.98	168.24
Book Value Per Share	4.90	4.97	4.79	4.68	4.77	3.18
Tangible Book Value	960.38	866.55	867.62	843.15	926.25	354.26
Tangible Book Value Per Share	4.23	4.21	4.24	4.12	4.52	2.77
Buildings	-	364.03	222.01	175.88	157.86	71.62
Machinery	-	376.74	275.65	191.89	137.16	88.34
Construction In Progress	-	177.52	167.44	124.68	37.12	101.83

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