SHE:301115 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	375.29	320.67	308.88	508.44	206.97	189.45
Short-Term Investments	-	72.92	366.88	241.2	-	-
Trading Asset Securities	833.45	987.61	826.34	1,025	1.73	-
Cash & Short-Term Investments	1,209	1,381	1,502	1,775	208.69	189.45
Cash Growth	46.66%	-8.05%	-15.37%	750.52%	10.16%	140.26%
Accounts Receivable	1,337	1,324	1,330	836.86	700.95	633.69
Other Receivables	29.03	25.83	36.45	10.16	10.66	2.7
Receivables	1,366	1,350	1,366	847.03	711.61	636.39
Inventory	48.95	32.76	37.13	30.13	32.56	21.46
Prepaid Expenses	-	0.02	0.09	0.01	3.81	0.1
Other Current Assets	60.25	30.24	24.49	34.28	17.41	35.51
Total Current Assets	2,684	2,794	2,930	2,686	974.08	882.9
Property, Plant & Equipment	756.59	682.3	542	313.81	196.05	125.95
Long-Term Investments	38.21	26.79	97.09	86.9	21.48	19.02
Goodwill	199.33	183.27	175.57	17.5	13.4	13.4
Other Intangible Assets	68.82	71.05	68.4	49.84	48.99	24.12
Long-Term Accounts Receivable	-	4.54	12.76	12.39	13.47	24.18
Long-Term Deferred Tax Assets	50.85	38.47	30.78	17.08	17.94	18.64
Long-Term Deferred Charges	27.63	23.16	33.57	27.8	26.95	17.62
Other Long-Term Assets	96.42	17.01	12.75	29.22	6.65	2.97
Total Assets	3,922	3,841	3,903	3,241	1,319	1,129
Accounts Payable	410.5	427.57	453.25	253.62	273.25	234.72
Accrued Expenses	104.02	155.63	163.81	114.7	104.53	96.6
Short-Term Debt	283.98	153.17	118.15	19.84	25.12	0.58
Current Portion of Leases	88.16	27.94	26.64	12.37	11.01	-
Current Income Taxes Payable	22.72	11.87	21.65	0.29	8.36	18.03
Current Unearned Revenue	70.08	63.94	54.08	30.26	33.71	41.38
Other Current Liabilities	81.1	183.19	209.95	146.97	70.48	64.82
Total Current Liabilities	1,061	1,023	1,048	578.05	526.46	456.14
Long-Term Leases	59.53	57.62	50.36	21.05	19.7	-
Long-Term Unearned Revenue	9.41	12.65	14.02	16.83	6.91	7.56
Long-Term Deferred Tax Liabilities	10.44	9.74	8.92	-	-	-
Other Long-Term Liabilities	0.24	-	-	-	-	-
Total Liabilities	1,167	1,103	1,121	615.93	553.07	463.7
Common Stock	185.16	185.16	185.39	185.09	135	135
Additional Paid-In Capital	1,967	1,962	1,966	1,921	149.33	149.33
Retained Earnings	522.33	549.95	596.21	560.41	460.89	359.84
Treasury Stock	-132.47	-132.47	-71.15	-63.72	-	-
Comprehensive Income & Other	4.25	7.29	8.68	5.34	5.82	6.27
Total Common Equity	2,546	2,572	2,685	2,608	751.04	650.44
Minority Interest	208.62	165.29	96.84	16.67	14.91	14.67
Shareholders' Equity	2,755	2,737	2,782	2,625	765.95	665.11
Total Liabilities & Equity	3,922	3,841	3,903	3,241	1,319	1,129
Total Debt	458.87	238.73	195.15	53.26	55.83	0.58
Net Cash (Debt)	749.87	1,142	1,307	1,722	152.87	188.87
Net Cash Growth	28.28%	-12.59%	-24.09%	1026.28%	-19.06%	271.34%
Net Cash Per Share	4.19	6.23	7.15	11.44	1.13	1.50
Filing Date Shares Outstanding	178.91	178.91	181.02	180	135	135
Total Common Shares Outstanding	178.91	178.91	181.02	180	135	135
Working Capital	1,623	1,771	1,882	2,108	447.62	426.77
Book Value Per Share	14.23	14.38	14.83	14.49	5.56	4.82
Tangible Book Value	2,278	2,318	2,441	2,541	688.64	612.92
Tangible Book Value Per Share	12.73	12.95	13.49	14.12	5.10	4.54
Buildings	-	140.62	130.8	122.34	89.58	75.22
Machinery	-	492.04	426.64	332.79	234.06	193.74
Construction In Progress	-	250.71	147.26	18.96	2.13	0.65

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