SHE:301100 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	652.21	852.12	706.13	1,027	1,736	490
Trading Asset Securities	90	-	60	-	0.09	-
Cash & Short-Term Investments	742.21	852.12	766.13	1,027	1,736	490
Cash Growth	-9.95%	11.22%	-25.39%	-40.85%	254.30%	75.86%
Accounts Receivable	396.07	383.37	342.15	387.68	315.5	323.58
Other Receivables	18.87	17.14	27.87	54.67	25.23	10.2
Receivables	414.94	400.51	370.02	442.35	340.73	333.78
Inventory	223.86	224.03	213.03	142.01	95.58	91.93
Prepaid Expenses	-	-	-	0.19	-	-
Other Current Assets	55.62	55.89	260.18	21.96	25.15	17.64
Total Current Assets	1,437	1,533	1,609	1,633	2,198	933.36
Property, Plant & Equipment	763.12	812.16	820.99	735.43	359.85	94.02
Other Intangible Assets	50.94	51.44	51.35	52.44	50.84	51.98
Long-Term Deferred Tax Assets	18.02	17.89	16.58	16.07	7.83	3.58
Long-Term Deferred Charges	2.06	2.14	1.05	0.94	0.25	0.11
Other Long-Term Assets	-	-	-	9.19	109.85	18.61
Total Assets	2,271	2,416	2,499	2,447	2,726	1,102
Accounts Payable	214.16	294.07	223.04	216.39	270.22	73.09
Accrued Expenses	7.19	11.36	8.52	6.73	9.18	7.15
Short-Term Debt	27.01	32.02	112.16	20.02	92.12	117.16
Current Portion of Long-Term Debt	-	10.01	-	-	-	-
Current Portion of Leases	0.91	0.98	0.73	0.98	-	-
Current Income Taxes Payable	4.4	0.36	3.11	2.39	1.81	12.44
Current Unearned Revenue	4.54	4.53	6.65	0.92	3.35	4.57
Other Current Liabilities	1.33	1.66	3.24	1.93	1.91	1.14
Total Current Liabilities	259.55	354.99	357.45	249.35	378.59	215.55
Long-Term Debt	-	-	10.01	66.82	66.82	-
Long-Term Leases	0.36	1.11	0.6	1.17	-	-
Long-Term Unearned Revenue	12.66	13.3	14.53	13.88	8.08	8.27
Long-Term Deferred Tax Liabilities	0.34	0.51	0.3	0.53	0.02	0
Total Liabilities	272.91	369.92	382.89	331.76	453.51	223.82
Common Stock	200	200	200	200	200	150
Additional Paid-In Capital	1,437	1,437	1,437	1,437	1,447	197.93
Retained Earnings	319.05	358.99	436.27	441.24	545.82	450.82
Comprehensive Income & Other	38.99	47.71	42.92	37.23	32.59	29.97
Total Common Equity	1,995	2,044	2,116	2,116	2,226	828.72
Minority Interest	2.58	2.32	-	-	46.89	49.11
Shareholders' Equity	1,998	2,046	2,116	2,116	2,273	877.83
Total Liabilities & Equity	2,271	2,416	2,499	2,447	2,726	1,102
Total Debt	28.28	44.12	123.5	88.99	158.94	117.16
Net Cash (Debt)	713.93	808	642.63	937.9	1,577	372.85
Net Cash Growth	-11.14%	25.73%	-31.48%	-40.53%	323.00%	78.80%
Net Cash Per Share	3.52	4.02	3.42	4.72	10.47	2.49
Filing Date Shares Outstanding	200	200	200	200	200	150
Total Common Shares Outstanding	200	200	200	200	200	150
Working Capital	1,177	1,178	1,252	1,384	1,819	717.82
Book Value Per Share	9.98	10.22	10.58	10.58	11.13	5.52
Tangible Book Value	1,944	1,992	2,065	2,063	2,175	776.74
Tangible Book Value Per Share	9.72	9.96	10.33	10.32	10.87	5.18
Buildings	-	263.6	244.29	47.93	47.22	46.78
Machinery	-	742.13	642.21	214.11	205.31	139.92
Construction In Progress	-	47.68	104.16	614.62	240.62	27.69

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