SHE:301125 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	37.34	58.65	72.81	147.64	28.3	51.68
Trading Asset Securities	-	-	-	50	-	-
Cash & Short-Term Investments	37.34	58.65	72.81	197.64	28.3	51.68
Cash Growth	-52.47%	-19.44%	-63.16%	598.42%	-45.24%	364.70%
Accounts Receivable	107.12	81.41	40.07	15.52	55.47	22.26
Other Receivables	6.02	5.26	2.74	2.13	7.33	3.77
Receivables	113.14	86.67	42.81	17.64	62.8	26.03
Inventory	145.21	132.12	124.68	81.97	93.27	76.07
Prepaid Expenses	-	-	-	0.46	-	-
Other Current Assets	45.65	47.72	69.17	33.25	13.35	6.3
Total Current Assets	341.34	325.16	309.47	330.96	197.72	160.08
Property, Plant & Equipment	543.34	552.4	577.53	300.6	205.04	97.95
Long-Term Investments	-	-	-	0.77	-	-
Goodwill	19.03	19.03	19.03	-	-	-
Other Intangible Assets	120.97	124.52	148.62	78.22	74.79	77.52
Long-Term Deferred Tax Assets	4.7	3.52	6.72	5.33	4.81	4.04
Long-Term Deferred Charges	3.47	3.82	4.05	-	-	-
Other Long-Term Assets	30.91	35.1	3.88	3.4	2.41	3.65
Total Assets	1,064	1,064	1,069	719.28	484.76	343.24
Accounts Payable	99.95	112.34	121.05	35.78	38.45	35.85
Accrued Expenses	20.19	23.02	26.13	11.83	11.92	11.15
Short-Term Debt	24.72	30.02	63.05	9.81	83.11	17.02
Current Portion of Long-Term Debt	86.93	53.42	31.23	-	-	-
Current Portion of Leases	-	4.4	4.22	3.75	2.32	-
Current Income Taxes Payable	4.03	0.35	5.51	0.37	2.38	4.82
Current Unearned Revenue	11.77	14.5	20.65	14.52	18.05	11.95
Other Current Liabilities	2.35	3.14	4.73	1.94	0.54	0.26
Total Current Liabilities	249.94	241.19	276.58	78	156.77	81.06
Long-Term Debt	152.33	152.13	107.48	-	-	-
Long-Term Leases	0.38	-	4.4	2.57	5.97	-
Long-Term Unearned Revenue	2.55	3.07	3.77	4.26	3.4	2.79
Long-Term Deferred Tax Liabilities	-	-	0.39	7.01	5.4	2.53
Other Long-Term Liabilities	-	-	14.55	-	-	-
Total Liabilities	405.19	396.39	407.17	91.85	171.54	86.39
Common Stock	141.76	141.76	101.36	72.4	54.3	54.3
Additional Paid-In Capital	401.94	398.15	419.45	441.54	116.77	115.4
Retained Earnings	62.24	65.13	57.77	110.92	139.83	85.36
Treasury Stock	-5.02	-5.02	-	-	-	-
Comprehensive Income & Other	3.84	3.42	3.03	2.56	2.32	1.79
Total Common Equity	604.76	603.44	581.61	627.43	313.22	256.85
Minority Interest	53.81	63.72	80.53	-	-	-
Shareholders' Equity	658.57	667.16	662.14	627.43	313.22	256.85
Total Liabilities & Equity	1,064	1,064	1,069	719.28	484.76	343.24
Total Debt	264.35	239.97	210.38	16.13	91.4	17.02
Net Cash (Debt)	-227.01	-181.32	-137.57	181.51	-63.1	34.65
Net Cash Per Share	-1.60	-1.28	-0.97	1.43	-0.59	0.35
Filing Date Shares Outstanding	141.39	141.39	141.9	141.9	106.43	106.43
Total Common Shares Outstanding	141.39	141.39	141.9	141.9	106.43	106.43
Working Capital	91.4	83.98	32.89	252.95	40.95	79.02
Book Value Per Share	4.28	4.27	4.10	4.42	2.94	2.41
Tangible Book Value	464.76	459.89	413.96	549.2	238.43	179.33
Tangible Book Value Per Share	3.29	3.25	2.92	3.87	2.24	1.69
Buildings	-	-	495.33	71.85	71.85	73.79
Machinery	-	-	138.4	76.78	68.26	49.88
Construction In Progress	-	-	16.5	202.52	100.14	7.2

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