SHE:301105 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	79.68	210.81	371.2	460.46	143.47	85.07
Trading Asset Securities	320.39	190.76	51	79.4	27	119
Cash & Short-Term Investments	400.07	401.56	422.2	539.86	170.47	204.07
Cash Growth	0.78%	-4.89%	-21.79%	216.68%	-16.46%	67.65%
Accounts Receivable	59.87	58.15	81.44	98.97	90.28	103.51
Other Receivables	1.27	0.83	1.71	3.08	2.69	7.29
Receivables	61.14	58.98	83.16	102.04	92.98	110.8
Inventory	129.73	143.95	144.87	144.89	138.94	114.54
Other Current Assets	12.49	13.71	15.48	11.17	4.2	2.56
Total Current Assets	603.44	618.21	665.7	797.96	406.59	431.98
Property, Plant & Equipment	275.23	276.3	259.37	241.9	161.5	53.06
Long-Term Investments	0.38	0.38	-	-	-	-
Other Intangible Assets	15.73	16.12	21.86	22.09	22.66	23.3
Long-Term Deferred Tax Assets	20.38	16.18	13.97	10.3	6.4	6.67
Long-Term Deferred Charges	1.72	1.35	0.21	0.1	0.44	0.76
Other Long-Term Assets	19.52	20.37	4.75	1.01	0.34	1.28
Total Assets	936.4	948.9	965.86	1,073	597.93	517.04
Accounts Payable	42.02	41.28	53.09	73.17	82.82	73.83
Accrued Expenses	6.93	8.83	9.34	8.52	12.61	24.39
Short-Term Debt	0.02	-	-	28.22	-	-
Current Portion of Leases	3.02	2.88	4.1	6.05	5.15	-
Current Income Taxes Payable	3.61	-	-	0.42	0.08	1.83
Current Unearned Revenue	22.24	25.52	14.06	3.26	8.8	19.88
Other Current Liabilities	6.7	6.92	7.93	5.29	4.45	8.32
Total Current Liabilities	84.53	85.44	88.52	124.93	113.91	128.25
Long-Term Leases	11.16	13.39	16.29	21.94	26.67	-
Long-Term Unearned Revenue	4.12	4.56	5.14	5.72	6.3	4.87
Long-Term Deferred Tax Liabilities	1.75	2.42	3.17	3.89	-	-
Other Long-Term Liabilities	-	-	-	0.03	0.29	0.74
Total Liabilities	101.57	105.81	113.13	156.5	147.17	133.87
Common Stock	50	50	50	50	37.5	37.5
Additional Paid-In Capital	512.07	510.77	510.24	507.5	92.45	92.45
Retained Earnings	266.52	275.95	285.73	352.5	312.82	245.83
Comprehensive Income & Other	5.97	6.05	6.3	6.86	7.98	7.39
Total Common Equity	834.55	842.78	852.27	916.86	450.76	383.17
Minority Interest	0.27	0.31	0.46	-	-	-
Shareholders' Equity	834.83	843.09	852.73	916.86	450.76	383.17
Total Liabilities & Equity	936.4	948.9	965.86	1,073	597.93	517.04
Total Debt	14.2	16.28	20.39	56.21	31.82	-
Net Cash (Debt)	385.87	385.28	401.81	483.65	138.65	204.07
Net Cash Growth	1.65%	-4.11%	-16.92%	248.82%	-32.06%	69.04%
Net Cash Per Share	7.89	7.89	8.14	12.85	3.70	5.45
Filing Date Shares Outstanding	50	50	50	50	37.5	37.5
Total Common Shares Outstanding	50	50	50	50	37.5	37.5
Working Capital	518.9	532.77	577.19	673.03	292.68	303.73
Book Value Per Share	16.69	16.86	17.05	18.34	12.02	10.22
Tangible Book Value	818.82	826.66	830.4	894.76	428.1	359.88
Tangible Book Value Per Share	16.38	16.53	16.61	17.90	11.42	9.60
Buildings	-	240.99	129.4	18.57	18.57	-
Machinery	-	56.62	48.36	46.98	44.97	-
Construction In Progress	-	0.14	91.38	173.21	85.89	-

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