SHE:301096 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	372.74	428.97	881.93	1,239	2,013	133.62
Trading Asset Securities	170	83	-	-	-	-
Cash & Short-Term Investments	542.74	511.97	881.93	1,239	2,013	133.62
Cash Growth	17.48%	-41.95%	-28.81%	-38.46%	1406.49%	-29.23%
Accounts Receivable	918.67	744.4	532.18	254.49	124.41	63.38
Other Receivables	2.67	3.16	4.1	4.79	4.1	4.87
Receivables	921.34	747.56	536.28	259.28	128.5	68.25
Inventory	221.74	177.34	93.17	66.05	22.85	3.62
Prepaid Expenses	-	-	-	1.83	-	-
Other Current Assets	132.46	108.61	96.4	43.94	61.2	33.51
Total Current Assets	1,818	1,545	1,608	1,610	2,226	239.01
Property, Plant & Equipment	1,771	1,832	1,741	1,075	566.63	253.46
Long-Term Investments	204.41	187.78	136.87	81.12	5.77	6.67
Other Intangible Assets	90.69	93.43	92.07	82.37	60.79	62.03
Long-Term Accounts Receivable	-	-	-	1.91	1.95	1.86
Long-Term Deferred Tax Assets	34.3	35.55	48.43	53.41	22.86	10.55
Long-Term Deferred Charges	1.15	1.42	0.25	3.99	14.41	18.25
Other Long-Term Assets	27	25.8	43.14	21.6	26.92	47.96
Total Assets	3,947	3,721	3,669	2,930	2,925	639.79
Accounts Payable	110.36	41.82	130.25	167.03	12.64	3.38
Accrued Expenses	18.01	39.9	73.4	44.69	54.8	13.68
Short-Term Debt	728.46	360.08	369.32	-	5.01	19.03
Current Portion of Long-Term Debt	-	104.25	-	-	220.32	-
Current Portion of Leases	66.44	0.73	0.38	8.84	8.8	-
Current Income Taxes Payable	7.3	0.03	5.06	5.73	6.17	1.72
Current Unearned Revenue	95.54	112.42	74.01	62.61	71.17	50.39
Other Current Liabilities	3.88	110.14	193.77	1.8	93.79	33.5
Total Current Liabilities	1,030	769.38	846.19	290.7	472.69	121.69
Long-Term Debt	238.67	244	-	-	40.44	135.22
Long-Term Leases	2.86	2.92	0.93	-	8.14	-
Long-Term Unearned Revenue	25.66	31.48	40.67	1.45	-	-
Long-Term Deferred Tax Liabilities	-	-	-	4.32	0.01	0.01
Other Long-Term Liabilities	64.26	94.02	97.17	150.97	85.83	42.71
Total Liabilities	1,361	1,142	984.97	447.45	607.1	299.63
Common Stock	109.23	109.23	108.92	108.17	108.17	81.13
Additional Paid-In Capital	2,107	2,107	2,127	2,061	2,026	185.55
Retained Earnings	419.61	413.49	498.68	313.24	183.98	73.51
Treasury Stock	-50	-50	-50	-	-	-
Comprehensive Income & Other	-0.19	-0.14	-0.14	-	-	-
Total Common Equity	2,585	2,579	2,684	2,483	2,318	340.19
Minority Interest	-	-	-	-0.26	-0.14	-0.02
Shareholders' Equity	2,585	2,579	2,684	2,482	2,318	340.17
Total Liabilities & Equity	3,947	3,721	3,669	2,930	2,925	639.79
Total Debt	1,036	711.99	370.64	8.84	282.7	154.24
Net Cash (Debt)	-493.7	-200.02	511.29	1,230	1,730	-20.62
Net Cash Growth	-	-	-58.43%	-28.92%	-	-
Net Cash Per Share	-4.79	-1.86	4.72	11.34	21.34	-0.26
Filing Date Shares Outstanding	108.45	108.45	108.14	108.17	108.17	108.17
Total Common Shares Outstanding	108.45	108.45	108.14	108.17	108.17	81.13
Working Capital	788.27	776.1	761.59	1,319	1,753	117.31
Book Value Per Share	23.84	23.78	24.82	22.95	21.43	4.19
Tangible Book Value	2,495	2,486	2,592	2,400	2,257	278.16
Tangible Book Value Per Share	23.00	22.92	23.97	22.19	20.87	3.43
Buildings	-	863.44	859.97	196.19	196.14	-
Machinery	-	1,099	629.96	42.96	319.94	108.62
Construction In Progress	-	206.66	448.82	546.21	104.08	186.61

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